Global Bread Market - 2023-2030

Global Bread Market - 2023-2030

The Global Bread Market reached US$ 220.2 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 289.9 billion by 2030. The market is growing at a CAGR of 3.5% during the forecast period 2023-2030.

Bread products refer to a wide variety of baked goods made from dough, primarily using flour, water, yeast, salt, and sometimes additional ingredients such as sugar, fat, or flavorings. Bread made without gluten-containing ingredients for individuals with gluten intolerance or celiac disease. Alternative flour like rice, corn, or almond flour are often used.

The specialty bread category includes a wide range of bread products, such as bagels, buns, rolls, croissants, pita bread, and more, each with its unique characteristics. Wheat flour is commonly used, but other grains like rye, oats, or corn may be used for specific types of bread.

Market Dynamics

Rising Convenience and On-the-Go Consumption are Anticipated to Grow the Bread Market’s Growth

Bread products are inherently portable and require minimal preparation. They can be easily consumed without additional cooking or utensils, making them ideal for on-the-go consumption. The rise of snacking culture has contributed to the demand for convenient, grab-and-go food options. A third of all foods found in supermarkets, including bread, biscuits, cakes, soups, sausages, and sauces, are made using wheat flour.

Additionally, according to Kantar, 99.8% of UK homes buy bread. Flour plays a significant part in the food industry. Furthermore, a substantial source of important vitamins and minerals is wheat flour. Flour accounts for 30% of our iron intake and a third of our calcium and fiber intake.

Rising Demand for Artisan and Specialty Bread is Expected to Fuel the Bread Market

The demand for artisan and specialty bread represents a premiumization trend in the market. Consumers are willing to pay a higher price for bread products that are perceived to be of higher quality, made with unique ingredients, and crafted using traditional or artisanal techniques. Artisan and specialty bread offer opportunities for differentiation and targeting niche markets. These bread products often have distinct characteristics, such as specific regional flavors, ancient grains, or organic and natural ingredients. They cater to consumers looking for unique and specialized options.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Russia-Ukraine War Impact

The invasion by Russia has significantly impeded trade from Black Sea ports, increasing Chicago benchmark wheat prices globally by 40% and accelerating food inflation globally, which was already at its highest level in a decade.

The Calgary Italian Bakery in Alberta hiked prices by 7% a few weeks before the most recent wheat price increase to cover expenditures related to the previous year's Canadian drought and increases in flour and yeast. Louis Bontorin, co-owner of the 60-year-old family business, now worries that once he has used up his four to five months' flour supply, he will need to increase prices again.

Segment Analysis

The Global Bread Market is segmented based on type, form, end-user, distribution channel, and region.

By Type of Bakeries, the Plant Bakeries Segment Accounted for the Highest Share of the Global Bread Market

Plant bakeries, or industrial or commercial bakeries, typically have larger production capacities than smaller-scale artisanal or local bakeries. They can produce bread in larger quantities to meet the demands of a broader consumer base, including retail stores, food service establishments, and institutional buyers.

Plant bakeries often have well-established distribution networks that enable them to efficiently reach a wide range of markets. Their distribution channels may include partnerships with major retailers, supermarkets, wholesalers, and food service distributors. This extensive reach helps plant bakeries capture a larger market share.

Geographical Analysis

North America is the Fastest-Growing Market in the Bread Industry

North America has a strong tradition of bread consumption, with bread being a staple food in many diets. The consistent demand for bread products, including sliced bread, buns, bagels, and specialty bread, contributes to the market growth in the region. North America is a diverse region with a multicultural population, resulting in varied bread preferences.

The market caters to a wide range of consumer tastes and preferences, offering different types of bread, such as whole grain, artisanal, gluten-free, and ethnic varieties. This diverse product offering drives market growth. North America has an increasing emphasis on health and wellness, leading to a growing demand for healthier bread options.

Competitive Landscape

The major global players include the Bread market are Grupo Bimbo S.A.B. de C.V., Flowers Foods Inc., Warburtons Ltd., Allied Bakeries, Hovis Ltd, Finsbury Food Group, The Yamazaki Baking Company Ltd., Aryzta AG, George Weston Limited, and H&S Family of Bakeries.

Why Purchase the Report?
• To visualize the Global Bread Market segmentation based on bread type, type of bakeries, and distribution channel to understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of bread market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Bread Market Report Would Provide Approximately 61 Tables, 61 Figures And 200 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies