The bread and bakery products market consists of sales of bread and bakery products by entities (organizations, sole traders and partnerships) that produce bread and bakery products. The companies in the bread and bakery products industry process flour (but not dough) into bread and bakery products not for immediate consumption on the premises, and package and distribute them through various distribution channels to both individual customers and commercial establishments. The bread and bakery products market is segmented into bread; cake and pastries and other bread and bakery products.
The global bread and bakery products market is expected to grow from $212.5 billion in 2020 to $222.55 billion in 2021 at a compound annual growth rate (CAGR) of 4.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $279.54 billion in 2025 at a CAGR of 6%.
