The Global Bread & Baked Food Market accounted for almost USD 148.42 Billion in 2020 and is likely to cross almost USD 22170 Billion by end of 2028, developing at a CAGR of almost 5.9% from 2017 to 2022. Bread And Baked Food Industry by Type, Application and Region.
Bread and Baked Food Market
The Global Bread & Baked Food Market accounted for almost USD 148.42 Billion in 2020 and is likely to cross almost USD 22170 Billion by end of 2028, developing at a CAGR of almost 5.9% from 2017 to 2022.
The reports by Mondelez company in December 2020 suggested that the biscuit category is among the fastest growing food segments in the last 6-8 months, led by in-home consumption during the Coronavirus (Covid-19) pandemic. Moreover, the reports by the company also suggest that the organized biscuit market in India was valued at US$ 5 Billion in size and expected to grow at a double rate in April-May against pre-Covid levels as people stocked up during the lockdown. The aforementioned dare the key factors expected to drive the overall market growth.
Moreover, key manufacturers in the market are focusing on strategies such as new product launches. For instance, in December 2020, Kellogg launched three new whole grain-centric bowls of cereal on the market. The grain cereal’s product portfolio includes Special Blueberry, Kellogg’s Frosted Mini-Wheat Cinnamon Roll, and Raisin Bran. Likewise, in September 2020, Nestle launched a new breakfast cereal for children. The new product is produced from natural ingredients, contains no artificial colors or flavors, and is high in fiber. And in August 2020, Mondelez India merged with Bournvita Fills. With the help of this merger, the company aims to enter the cereals market.
The pandemic has significantly impacted the snack and bakery industry. Nonetheless, food processing is a necessary industry, and snack manufacturers and bakeries have worked tirelessly to keep their operations up and running. 2020, packaged goods could rise by over 6% 2020 relative to 2019. During the lockdown, bake-off use rose at the expense of scratch baking on the premises, which faced labor shortages and additional sanitary restrictions. Due to the difficulty of maintaining regular deliveries, fresh bakery food deliveries have declined since the lockout.
The bread & baked food market is expected to rise in response to the rising demand for ready-to-eat foods. In developing markets, Moreover, the adoption of a westernized lifestyle, dual-income households, a focus on healthy lifestyles, increased wellness awareness, and a rise in disposable income are the main factors driving the baked foods industry growth.
Growing product launches by key players in the market are expected to drive the overall growth of the market. For instance, in December 2020, Mondelez extended its brand born into cookies. Moreover, the rising contribution of the baking industry the global revenue is expected to boost the market growth. For instance, In the U.S. today the baking industry accounts for over 600,000 jobs and over $102 billion a year.
|Report Attributes||Report Details|
|Report Name||Bread and Baked Food Market Research Report|
|Market Size in 2020||USD 148.42 Billion|
|Market Forecast in 2028||USD 22170 Billion|
|Compound Annual Growth Rate||CAGR of 5.9%|
|Number of Pages||183|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||Delta Agri-Foods Inc, Biscuits Fossier, DeliFrance, Groupe Holder, and Paul. Cake the Kitchen Family, Baker’s Oven, Beigel Bake, Huntley and Palmers, Premier Foods, Warrens Bakery, AB Mauri|
|Segments Covered||By Type, By End-user and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2018 - 2022|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Based on type, the Global Bread & Baked Food Market is segmented into Bread, Pastries, Cereals, Pies, Cakes, Cookies, Biscuits, Scones, and Other Types
The rising consumption of bread across the globe is expected to boost the growth of the bread and baked food market. For instance, it is estimated that the total bread consumption accounted for 129,000 tonnes in 2016 as compared to 122,000 tonnes in 2007.
The biscuits segment is expected to grow at a considerable rate during the forecast period due to increased biscuit production in tandem with biscuit demand, and the commodity has established a strong foothold in people's nutrition, especially in children's meals. Furthermore, with product diversification and technological advancements in response to demand, biscuit demand is on the rise. The aforementioned factors are some of the key reasons contributing to the growth of the market.
Asia Pacific region is expected to grow at the fastest rate during the forecast period. For instance, the bakery industry in India is the largest segment of the food processing industry and has enormous growth potential. More than 2,000 organized or semi-organized bakeries produce 1.3 million tonnes of bakery products in India, while 1,000,000 unorganized small-scale bakeries produce 1.7 million tonnes. North America held a significant share in the overall bread & baked food market in 2020 and is expected to continue its dominance over the forecast period owing to the rising number of bakeries in the region. For instance, Currently, in the United States, there are 2,800 private bakeries and 6,000 retail bakeries. Moreover, various strategies adopted by the major player also support the growth of the market. For instance, recently, Grupo Bimbo acquired Sara Lee and Weston Bread Unit, making it the largest baked 6 goods company in the US. The aforesaid reasons are some of the key factors contributing to the growth of the market.
Some of the key players in Bread & baked food market are Key players of the bread and baked food market include Delta Agri-Foods Inc, Biscuits Fossier, DeliFrance, Groupe Holder, and Paul. Cake the Kitchen Family, Baker’s Oven, Beigel Bake, Huntley and Palmers, Premier Foods, Warrens Bakery, and AB Mauri among others
The Global Bread & Baked Food Market was valued at USD 148.42 Billion in 2020.
The Global Bread & Baked Food Market is expected to reach USD 221.70 Billion by 2028, growing at a CAGR of 5.9% between 2021 to 2028.
Some of the key factors driving growth of the Global Bread & Baked Food Market is rising consumption of bskery industry worldwide
North America region held a substantial share of the Bread & baked food market in 2020. This is attributable to the increased consumption of bread in the region
Some of the major companies operating in Bread & baked food market are Delta Agri-Foods Inc, Biscuits Fossier, DeliFrance, Groupe Holder, Paul. Cake the Kitchen Family, Baker’s Oven, Beigel Bake, Huntley and Palmers, Premier Foods, Warrens Bakery, AB Mauri among others