IMARC Group, a leading market research company, has recently releases report titled “Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033,” The study provides a detailed analysis of the industry, including the global bakery products market share, growth, size, trends and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the bakery products market?
The global bakery products market size reached USD 532.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 701.1 Billion by 2033, exhibiting a growth rate CAGR of 3.1% during 2025-2033.
Factors Affecting the Growth of the Bakery Products Industry:
- Changing consumer preferences and lifestyles:
As consumers become increasingly health-conscious, there is a shift towards healthier bakery options such as whole grain bread, gluten-free products, and those with reduced sugar and fat content. Additionally, there is a growing demand for artisanal and speciality bakery items, driven by the desire for unique and high-quality products. Consumers are also seeking out baked goods that cater to specific dietary requirements, such as vegan, organic, or non-genetically modified organism (GMO) options, driving innovation and growth within the bakery industry.
- Ongoing technological advancements in baking processes:
Significant technological advancements in baking processes have revolutionized the bakery products market. Automation and machinery have improved efficiency, consistency, and scalability in production, allowing bakeries to meet the growing demand while maintaining quality standards. Moreover, advanced equipment such as ovens with precise temperature control, dough mixers with enhanced capabilities, and packaging machinery with improved preservation techniques have contributed to streamlining operations and reducing costs. Furthermore, innovations in ingredients and formulations enabling the creation of products with extended shelf life enhanced nutritional profiles, and superior sensory attributes are aiding in market expansion.
- The growing demand for convenience foods:
The growing demand for convenience foods due to consumers’ fast-paced lifestyles is driving the bakery products market expansion. Ready-to-eat (RTE) and on-the-go bakery items such as sandwiches, pastries, and snacks offer convenience without compromising taste or quality. In line with this, the rise of e-commerce and online grocery shopping has made bakery products more accessible to consumers, allowing them to purchase fresh goods from the comfort of their homes. Additionally, packaging innovations that enhance portability and convenience, such as single-serve portions and resealable packaging are presenting lucrative opportunities for the market growth.
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Bakery Products Market Report Segmentation:
Breakup By Product Type:
- Biscuits
- Cookies
- Cream Biscuits
- Glucose Biscuits
- Marie Biscuits
- Non-Salt Cracker Biscuits
- Salt Cracker Biscuits
- Milk Biscuits
- Others
- Bread and Rolls
- Artisanal Bakeries
- In-Store Bakeries
- Packaged
- Cakes and Pastries
- Artisanal Bakeries
- In-Store Bakeries
- Packaged
- Rusks
- Artisanal Bakeries
- In-Store Bakeries
- Packaged
Bread and rolls represent the largest market segment by product type as they are the staple of bakery products.
Breakup By Distribution Channel:
- Convenience Stores
- Supermarkets and Hypermarkets
- Independent Retailers
- Artisanal Bakeries
- Online Stores
- Others
Supermarkets and hypermarkets account for the majority of the market share since they offer extensive product variety and convenience.
Breakup By Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe enjoys the leading position in the market due to its rich culinary heritage and strong preference for baked goods in the region.
Global Bakery Products Market Trends:
The increasing popularity of international cuisines and flavors leading to a demand for diverse bakery offerings inspired by global culinary trends is strengthening the market growth. Moreover, the rising awareness of the importance of breakfast as a crucial meal for overall health has resulted in increased consumption of bakery items like pastries, muffins, and breakfast bars, creating a positive outlook for market expansion. Furthermore, the trend towards snacking throughout the day spurring the demand for convenient and portable bakery snacks is providing an impetus to the market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- Grupo Bimbo S.A.B de C.V.
- Yamazaki Baking Co., Ltd.
- JAB Holding Company
- ARYZTA AG
- Flowers Foods, Inc.
- Rich Products Corporation
- Dr. August Oetker Nahrungsmittel KG
- Gruma, S.A.B. de C.V.
- General Mills, Inc.
- Associated British Foods (ABF) Plc
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