Bread And Bakery Products Global Market To Reach Value Of About $279.54 Billion In 2025
1 Feb, 2021
The bread and bakery product 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.
Global Bread And Bakery Products Market Size And Drivers:
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%. Rising demand for bakery & confectionary products due to rising population drives the market.
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Trends In The Global Bread And Bakery Products Market
Bread and bakery product manufacturers are increasingly depending on social media to market their products. As more consumers share their dining experiences on social media websites such as Instagram, Pinterest and Facebook, bread and bakery product manufacturers are creating innovative and artistic bakery products to gain popularity.
Global Bread And Bakery Products Market Segments:
The global bread and bakery products market is further segmented based on type, distribution channel, origin and geography.
By Type: Bread, Cake And Pastries, Other Bread And Bakery Product.
By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
By Origin: Whole Wheat Flour, Multi Grain Flour.
Subsegments Covered: Cake, Pastries.
By Geography: The global bread and bakery products market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific was the largest region in the global bread and bakery products market, accounting for 31% of the total market.
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Bread And Bakery Products Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides bread and bakery products market overviews, analyzes and forecasts market size and growth for the global bread and bakery products market, bread and bakery products market share, bread and bakery products market players, bread and bakery products market segments and geographies, bread and bakery products market’s leading competitors’ revenues, profiles and market shares. The bread and bakery products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.