Global Bakery Goods Manufacturing Market Size To Exceed USD 523.5 Billion By 2035 | CAGR of 2.42%
Category: Food & BeveragesGlobal Bakery Goods Manufacturing Market Size To Exceed USD 523.5 Billion By 2035
According to a Research Report Published by Spherical Insights & Consulting, the Global Bakery Goods Manufacturing Market Size is Expected to Grow from USD 402.5 Billion in 2024 to USD 523.5 Billion by 2035, at a CAGR of 2.42% during the forecast period 2025-2035.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the "Global Bakery Goods Manufacturing Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Bread, Cakes & Pastries, Biscuits & Cookies, and Other Bakery Products), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/bakery-goods-manufacturing-market
The bakery goods manufacturing market refers to the market encompassing the production and sale of various baked items, like bread, cakes, pastries, cookies, and other similar products. There is an increasing need for bakery goods manufacturing owing to an increasing urbanization, disposable income, and inclination towards convenience and health. Launch of healthy and natural ingredients-based bakery products, with an increasing awareness about health and wellness, is creating new opportunities in the bakery goods manufacturing market. The changing inclination towards baked goods with the influence of Western diets, especially in developing economies, is expected to drive the bakery goods manufacturing market. An increasing innovation in artisanal ingredients, premium products, and international tastes in the bakery industry is further augmenting the market growth. On the contrary, the growing raw material prices affecting the overall production cost is hindering the market. Further, health issues associated with the consumption of bakery food is restraining the market growth.
The bread segment dominated the market with the largest share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the bakery goods manufacturing market is divided into bread, cakes & pastries, biscuits & cookies, and other bakery products. Among these, the bread segment dominated the market with the largest share in 2024 and is projected to grow at a substantial CAGR during the forecast period. Bread is increasingly consumed among consumers of varied age groups. Further, the increasing trend of home baking, with an increasing demand for automated kitchen appliances is propelling the market.
The supermarkets/hypermarkets segment accounted for the largest market revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the distribution channel, the bakery goods manufacturing market is divided into supermarkets/hypermarkets, specialty stores, convenience stores, and others. Among these, the supermarkets/hypermarkets segment accounted for the largest market revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Wide variety of referenced products mixes are available in the supermarkets/hypermarkets, represented on shelves, either as private labels or own-brand products.
North America is expected to hold the majority share of the global bakery goods manufacturing market during the forecast period.
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North America is expected to hold the majority share of the global bakery goods manufacturing market during the forecast period. The growing need for quick-to-eat handy foods as well as emphasis on clean-label products and transparent ingredient sourcing in bakery products are driving the bakery goods manufacturing market.
Asia Pacific is anticipated to grow at the fastest pace in the global bakery goods manufacturing market during the forecast period. Region’s growing disposable income and urbanization, along with the rising demand for Western-style diet is driving the bakery goods manufacturing market. Further, an increasing demand for low-calorie and sugar-free bakery products are expected to propel the market expansion.
Europe is anticipated to hold a significant share of the bakery goods manufacturing market during the predicted timeframe. Trend towards gluten-free, whole grain, ancient grain, and additive-free bread products are driving the bakery goods manufacturing market. Further, the growing demand for high-quality bread and pastries is contributing to propel the market of bakery goods manufacturing.
Major vendors in the global bakery goods manufacturing market are Grupo Bimbo, Mondelez International, General Mills, Nestlé, Yamazaki Baking, Flowers Foods, Tyson Foods, McKee Foods, Hostess Brands, Aryzta, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In August 2024, QualiTech, a global manufacturer of plant nutrition, animal nutrition, and food ingredient products and services, announced the acquisition of Ellison Bakery, a manufacturer of cookies, snack bars, toppings, and inclusion ingredients for retail, food service, and private label end markets.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the bakery goods manufacturing market based on the below-mentioned segments:
Global Bakery Goods Manufacturing Market, By Product Type
- Bread
- Cakes & Pastries
- Biscuits & Cookies
- Other Bakery Products
Global Bakery Goods Manufacturing Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Others
Global Bakery Goods Manufacturing Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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