Bakery Products Market by Product (Bread & Rolls, Cakes & Pastries, Cookies), Ingredients (Chocolate & Cocoa, Dairy Products, Eggs), Distribution Channel - Global Forecast 2024-2030

Bakery Products Market by Product (Bread & Rolls, Cakes & Pastries, Cookies), Ingredients (Chocolate & Cocoa, Dairy Products, Eggs), Distribution Channel - Global Forecast 2024-2030

The Bakery Products Market size was estimated at USD 5.79 billion in 2023 and expected to reach USD 6.22 billion in 2024, at a CAGR 7.51% to reach USD 9.62 billion by 2030.

The bakery products constitute a wide range of ready-to-eat consumables predominantly made from flour, sugar, milk, butter, shortening, baking powder, and eggs. These products are universally cherished for their flavors, textures, and convenience. The growth of the bakery products market is significantly influenced by the rising consumption of convenient and ready-to-eat food items owing to busy lifestyles. The increasing demand for gluten-free and organic bakery products also propels their consumption among eco-conscious consumers. Moreover, innovative packaging solutions that extend shelf life and the proliferation of online retailing are expanding the penetration of bakery products worldwide. However, the fluctuating raw material prices and the stringent regulatory environment regarding food safety and labeling affect the demand for bakery products.

Additionally, managing the short shelf life of bakery products and competition from local artisanal bakeries are significant hurdles for bakery product manufacturers. Expanding plant-based and vegan bakery items as healthier and sustainable eating options attracts a broader customer base for bakery products. Moreover, innovation in eco-friendly packaging and energy-efficient production processes are expected to present significant opportunities for cost reduction and attracting environmentally conscious consumers for bakery products.

Regional Insights

Consumer preferences for convenience, health, and indulgence shape the demand for bakery products in the Americas. The market has observed a notable rise in gluten-free and organic products influenced by health-conscious consumers. Investment in sustainable and eco-friendly packaging solutions is evident, responding to increasing environmental concerns. The market observes trends toward artisanal and premium bakery products, with consumers valuing locally sourced and high-quality ingredients in the Americas. Europe, the Middle East, and Africa strongly prefer traditional and artisanal bakery products, with a significant emphasis on sustainability and traceability of the ingredients. The clean label is gaining momentum in the EMEA region, pushing bakeries to reformulate products with fewer additives and preservatives. The bakery products market in the Middle East is experiencing growth in demand for both traditional products and Western-style baked goods, driven by urbanization and changing lifestyles. In Africa, the bakery industry is witnessing a surge in demand for basic and convenient baked goods, attributed to the rising middle class and urbanization. Investments in the African region are channeled towards improving food safety and expanding distribution networks. Asia-Pacific’s bakery products market is rapidly growing, with a shift toward premium and health-oriented products. Consumers strongly prefer high-quality and aesthetically pleasing bakery items, with a keen interest in traditional Japanese and French-inspired baked goods.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Bakery Products Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising consumer preference toward convenient bakery products
    • Growing demand for low-calorie, gluten-free, and frozen bakery products
    • Increasing availability of clean-label bakery products through online and offline channels
    • Market Restraints
      • Price-sensitivity of the market
      • Market Opportunities
        • Use of advanced bakery processing equipment with emergence of sustainable packaging
        • Emerging popularity of vegan bakery products
        • Market Challenges
          • Concerns related to processing bakery products and allergen issues
          • Market Segmentation Analysis
            • Product: Wide availability of cakes and pastries in diverse range of flavors
            • Ingredients: Penetration of chocolate and cocoa ingredients as a primary ingredient and for decoration
            • Distribution Channel: Emerging availability of bakery products over online stores
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Bakery Products Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Bakery Products Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Rich Products to Expand the U.S. Capacity
              
              Rich Products has announced a USD 27 million investment to augment the capabilities of its Morristown, Tennessee, manufacturing plant. This significant expansion, which includes adding 51 new manufacturing roles, would elevate the company's total workforce in the state to an impressive 1,400 employees. Focused on enhancing its cake and cupcake production lines, the initiative is expected to witness an additional 2,400 square feet of manufacturing space being developed. This development specifically supports the company's burgeoning bakery segment, which supplies a broad spectrum of bakery items to national and regional grocery chains and club retailers.
              
              Dawn Foods Completes Acquisition of Royal Steensma
              
              Dawn Foods has acquired Royal Steensma, a Dutch company specializing in bakery ingredient production. Royal Steensma has established itself as a forefront contender in the bakery sector with a legacy spanning nearly two centuries. Originating from Leeuwarden, in the Netherlands, the company garners acclaim for its extensive array of bakery solutions, including its renowned fat-based coatings under the brand Souplesse, along with premium almond and confectionery pastes, a variety of bakery mixes, fruit fillings, and an assortment of infused candied fruits, and decorative items. This strategic acquisition further solidifies Dawn Foods's position in the market by integrating Royal Steensma’s extensive product line and expertise into its offerings.
              
              Puratos UK Launches Sapore Sally Ready-to-use Sourdough
              
              Puratos UK introduced Sapore Sally, an innovative sourdough derived from regeneratively farmed flour provided by Wildfarmed, a UK-based concern. This pioneering addition to the esteemed Sapore range of sourdoughs marks Sapore Sally as a uniquely living sourdough crafted to empower large-scale bakeries with the option to enrich their product lines with locally produced sourdough offerings and emphasize a commitment to sustainable sourcing.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Bakery Products Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Bakery Products Market, highlighting leading vendors and their innovative profiles. These include Alpha Baking Company, Inc., Arca Continental, S. A. B. de C. V., Associated British Foods PLC, B&G Foods, Inc., Bahlsen GmbH & Co. KG, Bakers Delight Holdings Limited, Britannia Industries Limited, Campbell Soup Company, Conagra Brands, Inc., Crazy Snacks Pvt. Ltd., Dr. August Oetker KG, Elliott's Bakery, Finsbury Food Group PLC, Flowers Foods, Inc., General Mills, Inc., Grupo Bimbo, S.A.B. de C.V., Hostess Brands, Inc. by The J. M. Smucker Company, Inspire Brands, Inc., ITC Limited, Kellanova, Kerry Group PLC, King's Hawaiian Holding Co, Inc., Lantmännen ek för, Mondelez International, Inc., Nestlé S.A., PepsiCo, Inc., Rich Products Corporation, The Hershey Company, TreeHouse Foods, Inc., Warburtons Limited, and Yamazaki Baking Co., Ltd..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Bakery Products Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Product
              • Bread & Rolls
                • Baguettes
                • Burger Buns
                • Ciabatta
                • Frozen Bread
                • Loaves
                • Rolls
                • Sandwich Slices
                • Cakes & Pastries
                  • Cupcakes
                  • Dessert Cakes
                  • Pastries
                  • Sponge Cakes
                  • Cookies
                    • Bar Cookies
                    • Drop Cookies
                    • Molded Cookies
                    • Rolled Cookies
                    • Pretzels
                    • Tortillas
                    • Ingredients
                      • Chocolate & Cocoa
                      • Dairy Products
                        • Condensed Milk
                        • Fermented Milk Products
                        • Fresh Milk &Cream
                        • Eggs
                        • Fats & oils
                        • Fruits & Nuts
                        • Grains
                        • Leaveners
                          • Chemical Leavening Agents
                          • Yeast
                          • Salt, Spices & Flavorings
                          • Sweeteners
                            • Alternative Sweeteners
                            • Nutritive Sweeteners
                            • Distribution Channel
                              • Convenience Stores
                              • Hypermarkets
                              • Online Stores
                              • Specialty Stores
                              • Supermarkets
                              • Region
                                • Americas
                                  • Argentina
                                  • Brazil
                                  • Canada
                                  • Mexico
                                  • United States
                                    • California
                                    • Florida
                                    • Illinois
                                    • New York
                                    • Ohio
                                    • Pennsylvania
                                    • Texas
                                    • Asia-Pacific
                                      • Australia
                                      • China
                                      • India
                                      • Indonesia
                                      • Japan
                                      • Malaysia
                                      • Philippines
                                      • Singapore
                                      • South Korea
                                      • Taiwan
                                      • Thailand
                                      • Vietnam
                                      • Europe, Middle East & Africa
                                        • Denmark
                                        • Egypt
                                        • Finland
                                        • France
                                        • Germany
                                        • Israel
                                        • Italy
                                        • Netherlands
                                        • Nigeria
                                        • Norway
                                        • Poland
                                        • Qatar
                                        • Russia
                                        • Saudi Arabia
                                        • South Africa
                                        • Spain
                                        • Sweden
                                        • Switzerland
                                        • Turkey
                                        • United Arab Emirates
                                        • United Kingdom
                                        
                                        
                                        Please Note: PDF & Excel + Online Access - 1 Year