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Packaged Bakery Products Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 142
  • SKU: IRTNTR73339
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According to Technavio's analyst, the packaged bakery products market size is expected to be valued at USD 163.9 billion by 2026 with a progressing CAGR of 6.75%.

This packaged bakery products market research report has covered details of key players and demographic segmentation that highlight potential growth areas and competition. Furthermore, the post COVID-19 impact analysis on the market captured in this report will help players evaluate their business approaches.

This packaged bakery products market research report extensively covers key market segmentations - Product (bread, cakes and pastries, cookies, crackers and pretzels, and others) and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

The packaged bakery products market vendors compiled in this report are American Baking Co., Aryzta AG, Barilla G. e R. Fratelli Spa, BreadTalk Group Pte Ltd., Britannia Industries Ltd., Campbell Soup Co., Dr. August Oetker KG, Edeka Zentrale Stiftung and Co. KG, Edwards Cake and Candy Supply, Finsbury Food Group Plc, Flowers Foods Inc., Gruma SAB de CV, Grupo Bimbo SAB de CV, Hostess Brands Inc., McKee Foods, Mondelez International Inc., Monginis Foods Pvt. Ltd., PepsiCo Inc., Tyson Foods Inc., and Yamazaki Baking Co. Ltd. among others.

What will the Packaged Bakery Products Market Size be During the Forecast Period?

Packaged Bakery Products Market Size

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Packaged Bakery Products Market: Key Drivers, Trends, and Challenges

The increased snacking and indulgence consumption is notably driving the packaged bakery products market growth, although factors such as increase in in-home cooking may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the packaged bakery products industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Packaged Bakery Products Market Driver

One of the key factors driving the global packaged bakery products market growth is the increased snacking and indulgence consumption. There has been a rise of nearly 41.39% in the number of consumers who prefer healthy and tasty snacks in the last decade. This is attributed to hectic lifestyles and urbanization, where consumers often skip their meals and consume such on-the-go food instead. Although consumers have become very health conscious and prefer healthier snacks, there is a steady and growing market for indulgent and premium food varieties such as premium cakes, cookies, and pastries. According to Hartman Group, in 2020, 43% of consumers started snacking in order to cope with boredom or frustration, and 55% were snacking for their comfort. This will further help in the growth of the market in focus throughout the forecast period.

Key Packaged Bakery Products Market Trend

Increasing demand for organic bakery food products owing to their health benefits is one of the key packaged bakery products market trends that is expected to impact the industry positively in the forecast period. Organic baking products and ingredients, such as aluminum-free baking powder, gluten-free flours, and organic baking flours, are becoming popular.

  • For instance, Steenbergs offers a wide range of organic baked products such as Tiana Fairtrade organic coconut flour and Agave Syrup Organic Mexican.

These organic baked goods are more expensive than conventional goods because of the higher cost of manufacturing and raw materials. The growing preference for organic baking ingredients will influence production and consumption positively, thereby leading to new product launches in the market in the coming years.

Key Packaged Bakery Products Market Challenge

One of the key challenges to the global packaged bakery products market growth is the increase in in-home cooking, owing to the growing popularity of cookery shows and online forums and channels. For instance, The Great British Bake Off and MasterChef encourage people, especially millennials, to experiment and prepare customized products. Moreover, the demand for in-home cooking is promoted by the rising demand for ready-to-eat meals and foods. In addition, small bakery businesses have grown over time, thereby challenging the growth of the major vendors in the market. 

This packaged bakery products market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global packaged bakery products market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the packaged bakery products market during the forecast period.

Who are the Major Packaged Bakery Products Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • American Baking Co.
  • Aryzta AG
  • Barilla G. e R. Fratelli Spa
  • BreadTalk Group Pte Ltd.
  • Britannia Industries Ltd.
  • Campbell Soup Co.
  • Dr. August Oetker KG
  • Edeka Zentrale Stiftung and Co. KG
  • Edwards Cake and Candy Supply
  • Finsbury Food Group Plc
  • Flowers Foods Inc.
  • Gruma SAB de CV
  • Grupo Bimbo SAB de CV
  • Hostess Brands Inc.
  • McKee Foods
  • Mondelez International Inc.
  • Monginis Foods Pvt. Ltd.
  • PepsiCo Inc.
  • Tyson Foods Inc.
  • Yamazaki Baking Co. Ltd.

 

This statistical study of the packaged bakery products market encompasses successful business strategies deployed by the key vendors. The packaged bakery products market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.

Product Insights and News

  • American Baking Co. - The company offers packaged bakery products such as cheesecakes, cupcakes, and cakes. 
  • American Baking Co. - The unified segment of the company offers products such as cupcakes, cakes, pies, and bars. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The packaged bakery products market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Packaged Bakery Products Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the packaged bakery products market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Packaged Bakery Products Market?

Packaged Bakery Products Market Market segmentation by region

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34% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for packaged bakery products in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in disposable income among consumers, the rise in influence of westernization, changes in lifestyles and urbanization, and the need for convenience will facilitate the packaged bakery products market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The ongoing COVID-19 pandemic severely impacted APAC countries such as India, China, Australia, Malaysia, and Japan, especially in 2020. As of April 4, 2022, India reported more than 43.02 million COVID-19 cases, and the associated deaths were 521,388. The outbreak of the pandemic in 2020 led to the imposition of lockdowns during the first few months of 2020 that significantly impacted the market growth. However, the regional economy is expected to recover from the pandemic due to the availability of COVID-19 vaccines. The large-scale vaccination drives contained the spread of the disease and resulted in the resumption of bakery production operations in the last quarter of 2020. Therefore, the market is expected to show a positive trend during the forecast period.

What are the Revenue-generating Product Segments in the Packaged Bakery Products Market?

Packaged Bakery Products Market Segmentation

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The packaged bakery products market share growth by the bread segment will be significant during the forecast period. The growing preference for vegan, healthy, and low-calorie foods and the presence of healthy varieties of bread in the market will be driving the concerned market growth through this segment in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the packaged bakery products market size and actionable market insights on post COVID-19 impact on each segment.

 

Packaged Bakery Products Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.75%

Market growth 2022-2026

$ 163.9 billion

Market structure

Fragmented

YoY growth (%)

5.67

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

American Baking Co., Aryzta AG, Barilla G. e R. Fratelli Spa, BreadTalk Group Pte Ltd., Britannia Industries Ltd., Campbell Soup Co., Dr. August Oetker KG, Edeka Zentrale Stiftung and Co. KG, Edwards Cake and Candy Supply, Finsbury Food Group Plc, Flowers Foods Inc., Gruma SAB de CV, Grupo Bimbo SAB de CV, Hostess Brands Inc., McKee Foods, Mondelez International Inc., Monginis Foods Pvt. Ltd., PepsiCo Inc., Tyson Foods Inc., and Yamazaki Baking Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

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What are the Key Data Covered in this Packaged Bakery Products Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive packaged bakery products market growth during the next five years
  • Precise estimation of the packaged bakery products market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the packaged bakery market industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of packaged bakery products market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Bread - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Bread - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 29: Data Table on Bread - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 30: Chart on Bread - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Bread - Year-over-year growth 2021-2026 (%)
    • 5.4 Cakes and pastries - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Cakes and pastries - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 33: Data Table on Cakes and pastries - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 34: Chart on Cakes and pastries - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Cakes and pastries - Year-over-year growth 2021-2026 (%)
    • 5.5 Cookies - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Cookies - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 37: Data Table on Cookies - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 38: Chart on Cookies - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Cookies - Year-over-year growth 2021-2026 (%)
    • 5.6 Crackers and pretzel - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Crackers and pretzel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 41: Data Table on Crackers and pretzel - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 42: Chart on Crackers and pretzel - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Crackers and pretzel - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Product
      • Exhibit 48: Market opportunity by Product ($ billion)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 62: Chart on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 63: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 64: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
      • Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 American Baking Co.
              • Exhibit 101: American Baking Co. - Overview
              • Exhibit 102: American Baking Co. - Product / Service
              • Exhibit 103: American Baking Co. - Key offerings
            • 10.4 Aryzta AG
              • Exhibit 104: Aryzta AG - Overview
              • Exhibit 105: Aryzta AG - Business segments
              • Exhibit 106: Aryzta AG - Key offerings
              • Exhibit 107: Aryzta AG - Segment focus
            • 10.5 BreadTalk Group Pte Ltd.
              • Exhibit 108: BreadTalk Group Pte Ltd. - Overview
              • Exhibit 109: BreadTalk Group Pte Ltd. - Product / Service
              • Exhibit 110: BreadTalk Group Pte Ltd. - Key offerings
            • 10.6 Britannia Industries Ltd.
              • Exhibit 111: Britannia Industries Ltd. - Overview
              • Exhibit 112: Britannia Industries Ltd. - Product / Service
              • Exhibit 113: Britannia Industries Ltd. - Key offerings
            • 10.7 Finsbury Food Group Plc
              • Exhibit 114: Finsbury Food Group Plc - Overview
              • Exhibit 115: Finsbury Food Group Plc - Business segments
              • Exhibit 116: Finsbury Food Group Plc - Key offerings
              • Exhibit 117: Finsbury Food Group Plc - Segment focus
            • 10.8 Flowers Foods Inc.
              • Exhibit 118: Flowers Foods Inc. - Overview
              • Exhibit 119: Flowers Foods Inc. - Product / Service
              • Exhibit 120: Flowers Foods Inc. - Key news
              • Exhibit 121: Flowers Foods Inc. - Key offerings
            • 10.9 Grupo Bimbo SAB de CV
              • Exhibit 122: Grupo Bimbo SAB de CV - Overview
              • Exhibit 123: Grupo Bimbo SAB de CV - Business segments
              • Exhibit 124: Grupo Bimbo SAB de CV - Key news
              • Exhibit 125: Grupo Bimbo SAB de CV - Key offerings
              • Exhibit 126: Grupo Bimbo SAB de CV - Segment focus
            • 10.10 Hostess Brands Inc.
              • Exhibit 127: Hostess Brands Inc. - Overview
              • Exhibit 128: Hostess Brands Inc. - Product / Service
              • Exhibit 129: Hostess Brands Inc. - Key offerings
            • 10.11 McKee Foods
              • Exhibit 130: McKee Foods - Overview
              • Exhibit 131: McKee Foods - Product / Service
              • Exhibit 132: McKee Foods - Key offerings
            • 10.12 Yamazaki Baking Co. Ltd.
              • Exhibit 133: Yamazaki Baking Co. Ltd. - Overview
              • Exhibit 134: Yamazaki Baking Co. Ltd. - Business segments
              • Exhibit 135: Yamazaki Baking Co. Ltd. - Key offerings
              • Exhibit 136: Yamazaki Baking Co. Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 137: Inclusions checklist
                • Exhibit 138: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 139: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 140: Research methodology
                • Exhibit 141: Validation techniques employed for market sizing
                • Exhibit 142: Information sources
              • 11.5 List of abbreviations
                • Exhibit 143: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Packaged Bakery Products market growth will increase by $163.9 billion during 2022-2026.
              The packaged bakery products market is expected to grow at a CAGR of 6.75% during 2022-2026.
              Technavio has segmented the packaged bakery products market by product (Bread, Cakes and pastries, Cookies, and Crackers and pretzel) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
              American Baking Co., Aryzta AG, Barilla G. e R. Fratelli Spa, BreadTalk Group Pte Ltd., Britannia Industries Ltd., Campbell Soup Co., Dr. August Oetker KG, Edeka Zentrale Stiftung and Co. KG, Edwards Cake and Candy Supply, Finsbury Food Group Plc, Flowers Foods Inc., Gruma SAB de CV, Grupo Bimbo SAB de CV, Hostess Brands Inc., McKee Foods, Mondelez International Inc., Monginis Foods Pvt. Ltd., PepsiCo Inc., Tyson Foods Inc., Yamazaki Baking Co. Ltd. are a few of the key vendors in the packaged bakery products market.
              APAC will register the highest growth rate of 34.39% among the other regions. Therefore, the packaged bakery products market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the packaged bakery products market growth are:
              • Increased snacking and indulgence consumption
              • Increasing demand for organic bakery food products
              The packaged bakery products market vendors should focus on grabbing business opportunities from the bread segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the factors influencing the growth of the parent market?
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