Bakery Product Market Analysis Report By Distribution Channel, By Product And Segment Forecasts From 2019 To 2025

Industry Insights

The global bakery product market size was valued at USD 203.8 billion, in 2018 and is anticipated to grow at a CAGR of 3.2% over the forecast period, from 2019 to 2025. The growing consumer preference towards fast foods such as cakes, cookies, and pastries is expected to contribute to market growth. In addition, the high demand for Mexican and Thai foods in Europe is also boosting the demand for the product.

Top companies are focusing on expanding their reach across the countries by developing new warehouses in the new markets. This factor is expected to support market growth. The pastries & cakes are projected to grow at the highest CAGR over the forecasted period.

The increasing demand for bakery products from countries such as India, China, Japan, and Singapore is expected to boost the growth of the regional market. Additionally, the growing income level of the consumer is influencing them to look for new products. Milk, fat, emulsifier, flavors, sugar, and stabilizers are essential for manufacturing bakery items.

The cost of the bakery items is dependent on the materials mentioned above. The product also involves the high logistics cost as they need to be transported to various locations. Large companies have their own logistics units for the transportation of their bakery product. All these factors may hinder the growth of the market.

Product Insights

Based on the product, the bakery products market is bifurcated into bread & rolls, pastries & cakes, cookies, tortillas, pretzels, and others. Factors such as fat content, flavors along added sweeteners are gaining traction among consumers. The pastries & cakes segment is anticipated to grow at the highest rate of CAGR during the forecasted period. The launch of different flavors along with increasing income levels of consumers is projected to spur market growth. The increasing population of Asia Pacific is expected to positively impact the bakery market. The cookies product segment is anticipated to propel at a significant rate of CAGR due to the addition of texture, new flavors to the product.

Distribution Channel Insights

Depending on distribution channel convenience stores, specialty stores, supermarket &hypermarket, and others. Convenience stores and specialty stores are key contributors to the market. The specialty stores segment is anticipated to grow at the highest CAGR during the forecasted period. It is projected to hold a market share of over 33.0% by the end of 2025.

The specialty store offers a wide range of artisanal-type bakery products. The increasing health consciousness among consumers is encouraging companies to include oats, probiotics, cereals fortified margarine, and legumes in the bakery products. The nutritional benefits associated with the product are also boosting the product demand.

Regional Insights

Europe is estimated to dominate the market due to the increasing demand for products such as high fiber, Trans fat, staple food, and gluten-free products. Asia Pacific is projected to grow at the highest CAGR owing to the growing presence of major companies. The growing income levels across countries such as India, Japan, and China are creating ample growth opportunities for the market. In addition, increasing demand for cereals and grains is supporting the market growth.

Bakery Products Market Share Insights

Leading players in the market include Nestle S.A.; Kraft Food Group, Inc.; Britannia Industries Ltd.; Bimbo Bakeries USA; General Mills; Campbell Soup Company; and Associated British Foods.

The market possesses a high number of entry barriers. Major players focus on acquisitions, partnerships, and joint ventures to remain competent in the market and expand their reach and product line.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Million Insights has segmented the global bakery product market report on the basis of product, distribution channel, and region:

• Product Outlook (Revenue, USD Billion,2014 - 2025)
    • Bread & Rolls
        • Loaves
        • Baguettes
        • Rolls
        • Burger Buns
        • Sandwich Slices
        • Ciabatta
        • Frozen Bread
        • Others
    • Cakes & Pastries
        • Cupcakes
        • Dessert Cakes
        • Sponge Cakes
        • Pastries
    • Cookies
        • Bar Cookies
        • Molded Cookies
        • Rolled Cookies
        • Drop Cookies
        • Others
    • Tortillas
    • Pretzels
    • Others

• Distribution Channel Outlook (Revenue, USD Billion,2014 - 2025)
    • Hypermarkets & Supermarkets
    • Convenience Stores
    • Specialty Stores
    • Others

• Regional Outlook (Revenue, USD Billion, 2014-2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
    • the Asia Pacific
        • China
        • India
        • Japan
        • Australia
    • Central & South America
        • Brazil
    • Middle East &Africa (MEA)