The Bread And Bakery Products Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bread And Bakery Products Global Market Report 2024, The bread and bakery products market size has grown strongly in recent years. It will grow from $221 billion in 2023 to $234.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to cultural and regional influences, marketing and branding strategies, globalization of food culture, retailing trends and merchandising, economic factors and affordability.
The bread and bakery products market size is expected to see strong growth in the next few years. It will grow to $296.79 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to focus on healthier alternatives, sustainability practices, culinary fusion and exotic flavors, clean label and transparency, rise of artisanal and specialty bakeries. Major trends in the forecast period include sustainable and eco-friendly practices, innovation in sweet and savory combinations, local and seasonal ingredients, e-commerce and online bakery platforms, technological innovations in baking.
The world’s population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. Supply for materials 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 and confectionery products due to the rising population during the forecast period.
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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: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
Subsegments Covered: , Cake, Pastries
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. According to a study by Maru/Matchbox, 69% of millennials take a photograph or video of their food before eating.
The bread and bakery products market report table of contents includes:
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Top Major Players
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