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TrendsIndustry News

Worldwide bakery industry expected to reach $672 billion by 2026

Research and Markets logo.jpg
December 28, 2021

The "Global Bakery Market, By Type (Bread & Rolls, Cookies, Cakes & Pastries, Doughnuts & Muffins, Pies & Tarts and Others (Bagel, Cupcake, Croissant, Macaron, etc)), By Distribution Channel, By Region, Competition Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

The global bakery market was valued USD 453.74 Billion in 2020 and is projected to reach USD 672.66 Billion by 2026, registering a CAGR of 7.02 percent through 2026.

Companies mentioned in the report include:

  • Grupo Bimbo S.A.B. de C.V.
  • Mondelez International, Inc.
  • Yamazaki Baking Co. Ltd.
  • Flowers Foods, Inc.
  • Kellogg Company
  • Campbell Soup Company
  • Associated British Foods Plc
  • Britannia Industries Limited
  • Finsbury Food Group Plc
  • Nestle SA

The Global Bakery Market is witnessing consistent growth, owing to the changing consumer taste & preferences, and improving standards of living of people, and increased consumption of packaged food.

The popularity of bakery items has increased with the expansion of fast-food businesses, which employs them to make burgers, snacks, and sandwiches. Furthermore, the advent of value-added bread items has aided the industry expansion. Moreover, factors such as changing eating habits, busy lifestyles, and western influence have further contributed to the increased demand for the bakery products.

Furthermore, the growing awareness among consumers regarding the health benefits linked with the nutritious and organic ingredients used in bakery products is propelling the growth of the bakery market. Consumers are becoming more aware of the importance of eating healthier baked products that are gluten-free, low in carbohydrates, and high in fiber and are demanding newer options. This has further prompted the bakery firms to fortify their products to meet the growing appetite of the health-conscious populace, such as Britannia, which offers Nutrichoice biscuits, which have a low glycemic index and high dietary fiber.

Objective of the study:

  • To analyze the historical growth in the market size of the Global Bakery Market from 2016 to 2020.
  • To estimate and forecast the market size of the Global Bakery Market from 2021 to 2026 and growth rate until 2026.
  • To classify and forecast the Global Bakery Market based on by type, by distribution channel, by region and by company.
  • To identify dominant region or segment in the Global Bakery Market.
  • To identify drivers and challenges for the Global Bakery Market.
  • To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Global Bakery Market.
  • To identify and analyze the profile of leading players operating in the Global Bakery Market.
  • To identify key sustainable strategies adopted by the market players in the Global Bakery Market.

Key topics covered:

  1. Product Overview
  2. Research Methodology
  3. Impact of COVID-19 on Global Bakery Market
  4. Executive Summary
  5. Voice of Customer
  6. Global Bakery Market Outlook
    6.1. Market Size & Forecast
    6.1.1. By Value
    6.2. Market Share & Forecast
    6.2.1. By Type (Bread & Rolls, Cookies, Cakes & Pastries, Doughnuts & Muffins, Pies & Tarts, and Others)
    6.2.2. By Distribution Channel (Artisanal Bakeries/Specialty Stores, Supermarkets/Hypermarkets, Departmental Stores, Online, and Others)
    6.2.3. By Region
    6.2.4. By Company (2020)
    6.3. Market Map
  7. Europe Bakery Market Outlook
  8. North America Bakery Market Outlook
  9. Asia-Pacific Bakery Market Outlook
  10. South America Bakery Market Outlook
  11. Middle East and Africa Bakery Market Outlook
  12. Market Dynamics
    12.1. Drivers
    12.2. Challenges
  13. Market Trends and Developments
  14. 14. Competitive Landscape
  15. 15. Strategic Recommendations
  16. 16. About the Publisher and Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/khk7st.

KEYWORDS: report

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