The global bread and bakery products market size is expected to grow from $208.19 billion in 2021 to $228.41 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The global bread and bakery market size is expected to grow to $315.63 billion in 2026 at a CAGR of 8.4%.
What is the Global Bread And Bakery Products Market?
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.
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What drives the Global Bread And Bakery Products Market?
The world population is growing and is expected to reach 10 billion by 2050. An increase in population creates more demand for food. Supply for material used in bread and bakery product manufacturing and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for bakery & confectionery products due to the rising population, during the forecast period.
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Global Bread And Bakery Products Market Segments
The global bread and bakery products market is segmented:
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
By Geography: The regions covered in the bread and bakery products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Bread And Bakery Products Global Market Report 2022provides market size and growth forecasts for the global bread and bakery products market, global bread and bakery products market share, bread and bakery products market segments and geographies, bread and bakery products market competitive landscape including 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.
Global Bread And Bakery Products Industry Playersinclude Grupo Bimbo, S.A.B. de C.V., Wm Morrison Supermarkets plc, Bimbo Bakeries USA, Yamazaki Baking Co. Ltd, Flowers Foods Inc., ARYZTA AG, Barilla Group, Harry-Brot GmbH, George Weston Ltd, and McKee Foods Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
