Bakery Products Market

Global Bakery Products Market is segmented By Product Type (Bars, Breads, Cookies, Desserts, Muffins, Pizza, Sweet Goods, Others), By Form (Packaged, Fresh), By Distribution Channel (Retail Stores, E-Commerce Sites, Supermarkets & Hypermarkets, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview:

[150 Pages Report] The Global Bakery Products Market is expected to grow at a CAGR during the forecasting period (2022-2029).

Bakery Products Market - Strategic Insights

Metrics	Details
Market CAGR	High
Segments Covered	By Product Type, By Form, By Distribution Channel and By Region
Report Insights Covered	Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.
Fastest Growing Region	Asia Pacific
Largest Market Share	North America

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Bakery products baked foods such as bread, cakes, pies, and pastries. The nutrient-rich properties and low cholesterol nature of these products made bakery products one of the major food categories across the globe. Bread is considered an excellent source of fiber, carbohydrates, vitamins, minerals, and proteins. The low cost and affordability factors led to increased consumption of bakery foods by consumers.

Market Dynamics:

The desire for convenience of food items is growing nowadays, thereby driving the demand for frozen bakery products. This is increasing since it takes less work and time to freeze meals. As the lives of consumers change and become active, the need for convenience goods increases, fueling global bakery products market growth. In addition, rising urbanisation in developing nations leads to an increase in the expansion of the frozen food sector. Factors such as elevated lifestyles and changes in nutritional patterns are driving the global bakery ingredients market, leading to greater bakery consumption. Further, the growing demand for reduced trans-fat and gluten-free products is projected to enhance the market growth in emerging nations' cultures and habits. Foreign bakery products demand was also stimulated by fast increases in obesity rates and an increase in health-related concerns. The perception of nutritional value is worsening as the cooling process might hinder the global bakery market's growth.

COVID-19 Impact:

Bakery products have been affected by the globalised coronavirus. By 2020, several nations' governments had implemented social distancing regulations and lock-downs throughout the various areas, which posed the world's largest problem. Moreover, there was a shortage of manpower, transportation and investors in the worldwide market for bread products. The effects on the bread products market were substantial to COVID-19. During the high pandemic, several bakeries had to close down because of inadequate sales of bread items and a scarcity of employees. Alongside this, lock-down interruptions in logistic systems disrupted the supply chain which eventually harmed the market by the unavailability of items according to customers' demands.

Market Segmentation:

The global bakery products market is segmented on the basis of distribution channels into Retail Stores, E-Commerce Sites, Supermarkets & Hypermarkets, Others.

Offline and online are further able to separate Bakery's worldwide product market depending on ingredients. Due to the marketing and availability of merchandise at supermarkets, craftsmen's and other retail stores, the offline segment has the biggest market proportion in 2020. Due to the changes in buying behaviour of customers and the door-to-door delivery of online merchants, even in remote areas of the city, the online category is expected to be the fastest developing segment. In 2018 just 1.9% of the study respondents said that they bought baked goods online, according to Innova Market Insights. Compared to 80% who still buy these items from mass stores. This is compared.

Geographical Penetration:

By region, the global bakery products market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and America.

China and Brazil are the fast-growing bread products markets, which in the last four years have grown around 10%. Today, Europe is the greatest market for bread products. In Europe, the bread and roll market is dominated by Germany. The United States is also a major industry region, accounting for 20% of the worldwide market share of bakery products. China owns 7% of the world share in bakeries, followed by the United States.

Competitive Landscape:

This market is expected to experience new product launches in gluten-free and non-GMO based bread owing to change in consumer preferences. Some of the key players in the global bakery products market include Grupo Bimbo SAB de CV, Artisanal Foods, Flowers Foods, Inc, and McKee Foods Corporation.

• In September 2019, Modern Foods Acquired a 75% stake in Supreme Baker to improve its market presence in the Delhi NCR region.
• The Kraft Heinz cooperation with Indo Nissan Foods was announced in February 2020. This partner contributed to Kraft Food's expansion in India.
• By releasing Sunfeast Caker, the brand of ITC's Sunfeast extended its category 'cake.' Sunfeast Caker is available across India in three sizes, namely Trinity, Choco Swiss Roll and Layer Cake.

Mckee Food Corporation

Overview:

McKee Foods is best known for our line of Little Debbie brand snack cakes. Little Debbie® is America's leading snack cake brand because consumers know they'll always get the best quality for the best value. Its a privately-held company that's now into its third and fourth generations of family ownership and leadership.

Product Portfolio:

• Mini Panda Donuts
• Mini Muffins
• Double Chocolate Mini Donuts

Key Developments:

• On 3rd May 2019, Mckee Foods acquires Prarie City Bakery. This will expand their portfolio for food and food service products.

Trending Topics

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Frozen Bakery Products Market

FAQ

What is the Bakery Products Market growth?

The market is growing at a High CAGR.

What is Bakery Products Market size in 2021?

The Bakery Products Market size was valued at USD YY million in 2021

Who are the key players in Bakery Products Market?

Grupo Bimbo SAB de CV, Artisanal Foods, Flowers Foods, Inc, and McKee Foods Corporation