How Has The Computer Vision in Bread And Bakery Products Market Size Evolved In Recent Years?
The bread and bakery products market has seen considerable growth due to a variety of factors.
• In recent years, there has been significant growth in the bread and bakery products market size. The projected rise extends from $234.95 billion in 2024 to a forecast of $249.69 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.3%.
This growth during the historical period is due to a mixture of influences, including cultural and regional aspects, branding and marketing strategies, global food culture trends, retail and merchandising trends, as well as economic considerations and the affordability of these products.
What Are The Predictions for The Bread And Bakery Products Market Size In The Coming Years?
The bread and bakery products market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipations are high for robust growth in the bread and bakery products market over the coming years, with projections indicating a growth to $317.2 billion by 2029, at a compound annual growth rate (CAGR) of 6.2%.
This expected growth during the forecast period is largely due to a new focus on healthier alternatives, the adoption of sustainability practices, the introduction of culinary fusion and exotic flavors, the demand for clean labels and transparency, and the emergence of artisanal and specialty bakeries. Key trends predicted for this forecast period include the prioritization of sustainable and eco-friendly operations, creativity in sweet and savory pairings, the use of locally sourced and seasonal ingredients, growth in e-commerce and online bakery platforms, as well as technological advancements within the baking industry.
What Are The Core Factors Supporting Growth In Bread And Bakery Products Market?
As the global population continues to expand, with projections suggesting it will hit 10 billion by 2050, the demand for food subsequently increases. This surge necessitates a corresponding rise in the supply of materials necessary for manufacturing and trading bread and bakery items. As such, firms operating within this market stand to gain from the amplified demand for bakery and confectionery items, buoyed by a escalating population across the predicted timeframe.
What Are The Core Segments Of The Globa Bread And Bakery Products Market?
The bread and bakery products market covered in this report is segmented –
1) By Type: Bread, Cake And Pastries, Other Bread And Bakery Products
2) By Origin: Whole Wheat Flour, Multi Grain Flour
3) By Distribution Channel: Super markets Or Hyper markets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments:
1) By Bread: White Bread, Whole Wheat Bread, Multigrain Bread, Gluten-Free Bread
2) By Cake And Pastries: Layer Cakes, Muffins, Cupcakes, Puff Pastries
3) By Other Bread And Bakery Products: Biscuits And Cookies, Bagels, Breadsticks, Tortillas
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Which Emerging Trends Are Reshaping The Bread And Bakery Products Market?
The growth of the bread and bakery products market is predicted to be stunted due to economic elements and pricing patterns. The pressure on the profit margins of numerous law firms comes from elevated operative expenditures, encompassing wages and investments in technology. As an example, the U.S. Department of Agriculture (USDA), a federal agency from the United States, predicted in September 2024 that the prices for cereal and bakery goods would see a rise of 0.4% in 2024, within an estimated spectrum of a decrease of 0.2% up to an increase of 1.0%.
Who Are the Key Players in the Bread And Bakery Products Market?
Major companies operating in the bread and bakery products market include:
• Walker's Shortbread Ltd.
• Cargill Inc.
• Archer Daniels Midland Company
• George Weston ltd
• Mondelez International Inc.
• Britannia Industries Ltd.
• Wm Morrison Supermarkets plc
• Associated British Foods plc
• Grupo Bimbo
• General Mills Inc.
• Yildiz Holding Inc.
• S.A.B. de C.V.
• Yamazaki Baking Co. Ltd.
• Flowers Foods Inc.
• Bimbo Bakeries USA
• Barilla Group
• Lantmännen
• ARYZTA AG
• Tate & Lyle plc
• Harry-Brot GmbH
• Dawn Food Products
• Finsbury Food Group Plc
• McKee Foods Corporation
• CSM Bakery Solutions
• Wenner Bread Products Inc.
• Rich Products & Solutions Pvt. Ltd.
• Neri's Bread & Bakery Products Inc.
• Damascus Bakeries Inc.
• Franz Bakery
What are the Regional Insights into the Bread And Bakery Products Market?
Asia-Pacific was the largest region in the bread and bakery products market in 2024. North America was the second-largest region in the bread and bakery products market. The regions covered in the bread and bakery products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
