Bakery Products - Global Market Trajectory & Analytics

Global Bakery Products Market to Reach $457.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Bakery Products estimated at US$349.4 Billion in the year 2020, is projected to reach a revised size of US$457.4 Billion by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027. Breads, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$207.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cakes/Pastries segment is readjusted to a revised 3.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $94.2 Billion, While China is Forecast to Grow at 7.1% CAGR

The Bakery Products market in the U.S. is estimated at US$94.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$98.2 Billion by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.2% and 3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR.

Doughnuts Segment to Record 3.5% CAGR

In the global Doughnuts segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$52.2 Billion in the year 2020 will reach a projected size of US$64.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$64.7 Billion by the year 2027, while Latin America will expand at a 4.4% CAGR through the analysis period.

Select Competitors (Total 463 Featured):

• Allied Bakeries
• Arnott`s Biscuits Limited
• Aryzta AG
• Associated British Foods plc
• BAB Systems, Inc.
• Bahlsen GmbH & Co. KG
• Bakers Delight
• Barilla G. & R. Fratelli SpA
• Bimbo Bakeries USA
• BreadTalk Group Limited
• Britannia Industries Ltd.
• Bruegger`s Enterprises, Inc.
• Campbell Soup Company
• Canada Bread Company Limited
• Dunkin` Donuts
• Einstein Noah Restaurant Group, Inc.
• Finsbury Food Group
• Flowers Foods, Inc.
• Frank Roberts & Sons Ltd.
• George Weston Foods Ltd.
• Goodman Fielder Pty Ltd.
• Grupo Bimbo, S.A.B. de C.V.
• Harry-Brot GmbH
• Hostess Brands Inc.
• Hovis Ltd.
• JAB Holding Company
• Kellogg Company
• La Brea Bakery
• Lantmännen Unibake
• Lieken AG
• McDonald`s Corporation
• McKee Foods Corporation
• Mondelez International
• Nestlé SA
• Parle Products Pvt. Ltd.
• Pepperidge Farm, Inc.
• Savor Street Foods
• Strauss Group Ltd.
• Tasty Baking Company
• The Great Canadian Bagel, Ltd.
• Tyson Foods, Inc.
• Warburtons, Ltd.
• Yamazaki Baking Co., Ltd.
• Yildiz Holding A.S.