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

Global Bakery Goods Manufacturing Market Insights Forecasts to 2035

• The Global Bakery Goods Manufacturing Market Size Was Estimated at USD 402.5 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 2.42% from 2025 to 2035
• The Worldwide Bakery Goods Manufacturing Market Size is Expected to Reach USD 523.5 Billion by 2035
• North America is Expected to Grow the Fastest during the forecast period.

The Global Bakery Goods Manufacturing Market Size was worth around USD 402.5 Billion in 2024 and is Predicted to Grow to around USD 523.5 Billion by 2035 with a compound annual growth rate (CAGR) of 2.42% from 2025 to 2035. The changing inclination towards baked goods and the continuous expansion of retail & online channels are driving the bakery goods manufacturing market worldwide.

Market Overview

The bakery goods manufacturing market is an industry that encompasses the production and sale of various baked items, such as bread, cakes, pastries, cookies, and other similar products. Due to growing urbanization, disposable income, and consumer inclination towards convenience and health, there is a growing demand for bakery goods manufacturing. With an increasing emphasis on quality, innovation, and meeting diverse consumer demand, bakery businesses are thriving in this dynamic industry. Manufacturers are creating delectable products, delighting customers, and contributing to the continued growth of the bakery industry. The expansion of retail and online channels like e-commerce significantly aids in facilitating consumers' purchasing power of fresh and specialized products. 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.

Report Coverage

This research report categorizes the bakery goods manufacturing market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the bakery goods manufacturing market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the bakery goods manufacturing market.

Driving Factors

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. The continuous expansion of retail & online channels, along with the emergence of omnichannel engagement strategies, aids in propelling the market. E-commerce and supermarket delivery are influencing the accessibility of a wide range of bakery goods, which is promoting market growth. An increasing innovation in artisanal ingredients, premium products, and international tastes in the bakery industry is further augmenting the market growth. An upsurging demand for convenient and sustainable packaging solutions in the evolving bakery industry is escalating the market growth.

Restraining Factors

Increasing raw material prices that affect the overall production costs are hindering its adoption, especially among price-sensitive consumers, resulting in restraining the market. The growing health issues regarding the consumption of bakery food are responsible for hampering the market growth.

Market Segmentation

The bakery goods manufacturing market share is classified into product type and distribution channel.

• The bread segment accounted for the dominant market share in 2024 and is anticipated to grow at a significant 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 accounted for the dominant market share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Bread is increasingly consumed among consumers of varied age groups, due to its high nutritional value, price, and convenience. An upsurging trend of home baking, along with an increasing need for automated kitchen appliances, is driving the bakery goods manufacturing market in the bread segment.

• The supermarkets/hypermarkets segment dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial 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 dominated the market with the largest revenue share in 2024 and is projected to grow at a substantial CAGR during the forecast period. There is a wide variety of referenced product mixes available in the supermarkets/hypermarkets, which are represented on their shelves, either as private label or own-brand products. Further, supermarket delivery services for enhancing the reach of bakery outlets beyond conventional brick-and-mortar storefronts .

Regional Segment Analysis of the Bakery Goods Manufacturing Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the bakery goods manufacturing market over the predicted timeframe.

North America is anticipated to hold the largest share of the bakery goods manufacturing market over the predicted timeframe. An increasing demand for quick-to-eat and handy foods in countries like the US is driving the regional market for bakery goods manufacturing. Shifting consumer preferences, along with the upsurging focus on clean-label products and transparent ingredient sourcing in bakery products, are propelling the bakery goods manufacturing market.

Asia Pacific is expected to grow at a rapid CAGR in the bakery goods manufacturing market during the forecast period. With an increasing disposable income and urbanization in the region, an upsurging need for a Western-style diet is driving the bakery goods manufacturing market. Mass consumption of bread and biscuits and demand for low-calorie and sugar-free bakery products are propelling the market expansion.

Europe is anticipated to hold a significant share of the bakery goods manufacturing market during the predicted timeframe. There is an increasing need for bakery goods, especially high-quality bread and pastries is contributing to drive the bakery goods manufacturing market in the region. Trends including gluten-free, whole grain, ancient grain, and additive-free bread products are promoting the bakery goods manufacturing market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the bakery goods manufacturing market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Grupo Bimbo
• Mondelez International
• General Mills
• Nestlé
• Yamazaki Baking
• Flowers Foods
• Tyson Foods
• McKee Foods
• Hostess Brands
• Aryzta
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent 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.

• In June 2024, J. Skinner Baking, a premier manufacturer of artisan baked goods including danishes, muffins, cinnamon rolls, brownies, and bars, announced that it had been acquired by Stellex Capital Management, a private equity firm that invests in middle-market companies in North America and Europe.

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