Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Bakery & Confectionary Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Bakery & Confectionary Market?
The bakery & confectionary market size has grown steadily in recent years. It will grow from $912.34 billion in 2024 to $951.96 billion in 2025 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to health-conscious offerings, artisanal and crafted treats, global flavor fusion, functional ingredients, interactive and experiential products.
What Is the Forecasted CAGR for the Bakery & Confectionary Market by 2029?
The Bakery & Confectionary Global Market is expected to reach a market size of $1152.81 billion in 2029, with a compound annual growth rate (CAGR) of 4.9%.
Download the Free Sample Now:
What Are the Market Drivers in the Bakery & Confectionary Industry?
The key drivers in the bakery & confectionary market are:
• Rising global population bolstering demand for food
• Escalating need for bakery and confectionery products
• Growing trade volumes to satisfy increased consumer demand
• Amplified supply for materials used in bakery and confectionery production
What Is the Segment-Wise Breakdown of the Bakery & Confectionary Market?
The bakery & confectionarymarket covered in this report is segmented –
1) By Type: Breakfast Cereal, Sugar And Confectionery Products, Bread And Bakery Products, Cookie, Cracker, Pasta, And Tortilla
2) By Price Point: Economy, Mid-Range, Luxury
3) By Distribution Channel: Supermarkets Or Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Explore the Complete Market Report:
Which Emerging Trends Are Driving Growth in the Bakery & Confectionary Sector?
The key trends in the bakery & confectionary market are:
• Increasing use of natural flavors in confectionery products is a significant emerging trend.
• Innovation continues to be a key factor in the development of the market.
• Regulatory guidelines from authorities like the United States Food and Drug Administration are shaping the market.
• Introduction of new and unique taste profiles by manufacturers is an upcoming trend.
Which Companies Are Dominating the Bakery & Confectionary Market in Terms of Revenue?
Major players in the bakery & confectionary market are:
• Nestle S.A.
• PepsiCo Inc.
• Mars Inc.
• Mondelez International
• Roshen Confectionery Corp.
• The Kraft Heinz Company
• Wm Morrison Supermarkets plc
• Valeo Foods Group
• Grupo Bimbo S.A.B. de C.V.
• General Mills Inc.
• Ferrero Group
• Kellanova
• Lotte Corp.
• The Hershey Company
• Yamazaki Baking Co. Ltd.
• Barry Callebaut AG
• The J.M. Smucker Company
• Flowers Foods Inc.
• Bimbo Bakeries USA
• The Hain Celestial Group Inc.
• Morinaga & Co.
• Orion Corp.
• Hostess Brands Inc.
• Bourbon Corp.
• Lindt & Sprüngli AG
• PIM Brands Inc.
• Crown Confectionery Co.
What Are the Regions Driving Demand in the Bakery & Confectionary Market?
Asia-Pacific was the largest region in the bakery and confectionary market in 2024
