Fresh Bread & Bakery Goods Wholesaling in the US - Industry Market Research Report

Fresh Bread & Bakery Goods Wholesaling in the US - Industry Market Research Report

Fresh Bread & Bakery Goods Wholesaling in the US

Fresh bread and bakery goods wholesalers distribute breads, rolls, cakes, cookies, crackers and baking supplies to retail and food service customers across the United States. Bread and baked goods are staple products in the American pantry. That's why fresh bread and bakery goods wholesalers are somewhat protected from fluctuations in household disposable incomes and business cycles. This attribute was demonstrated in 2020 amid the pandemic, as revenue inched up while the broader economy was overall plummeting. In 2021, the industry strengthened further amid economic recovery from COVID-19. As the economy continues to recover as more people get vaccines, the return of demand from the food service industry will help propel the industry further. Fresh bread and bakery goods wholesaler revenue is anticipated to edge upward at a CAGR of 0.7% through the end of 2023 to reach $75.3 billion, despite falling an estimated 0.9% in 2023 alone, while profit will inch down to an expected 2.6% of revenue in 2023.

Fresh bread and bakery goods wholesalers include companies that primarily perform merchant wholesale distribution of fresh bread and bakery products, as well as manufacturers’ sales branches and offices that segment out their wholesale distribution routes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.