Global Bakery Products Market Outlook 2016-2024

Global Bakery Products Market 

Market Overview

Bakery products are becoming a vital part of several formal or non-formal events due to which the bakery product market is witnessing a significant demand for these products. Bakery products are the grain-based processed food, prepared by using dry heat in an oven or hot ashes that includes rolls, breads, pies, cereals, cakes etc. Browning of the bakery products is due to Maillard reaction and caramelization of sugars which produces production of flavor and aroma compounds, formation of toxic products (e.g. acrylamide), and decrease of nutritional value of proteins.

Goldstein Research analyst forecast the bakery products market size is set to reach USD 475 billion by 2024, growing at a CAGR of 5.5% over the forecast years 2016 to 2024. According to data published by AIB International, a baking school and food safety organization, an average retail baker may sell around USD 750 worth of sweets per store, per week.       

Covered In This Global Bakery Products Market Report             

The report covers the present ground scenario and the future growth prospects of the bakery products market for 2016-2024 along with analytical view of the bakery products. We calculated the market size and revenue share on the basis of revenue generated from major players across the globe. We forecast the global bakery products market on the basis of current growth of bakery industry and the latest innovations in the bakery products.

Global Bakery Products Market Segmentation

By Origin

• Whole Wheat Flour
• Multi Grain Flour

By Category

• Gluten Free
• Lactose Free
• Egg Allergy
• Peanuts/Tree Nuts Allergy
• Soy Allergy

By Product type

• Breads
• Cakes/Pastries
• Cookies
• Doughnuts
• Others (Pies, Rolls, Bagels etc.)

By Business Segment

• Bakery
• Restaurant
• Food Atrium

Based on Geography

• North America (U.S. & Canada) Snake Robots Market
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Snake Robots Market
• Europe (The U.K., Germany, France, Italy, Spain, Hungary, BENELUX, Russia, Poland, Sweden & RoE) Snake Robots Market
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia, New Zealand, Taiwan & Rest of Asia Pacific) Snake Robots Market
• Middle East and Africa (GCC, South Africa, North Africa & RoMEA) Snake Robots Market

On the basis of product type, breads held the largest share of 43.0% in the global bakery products market due to innovation of product development of low trans-fat, low fat, multigrain, whole wheat grain, whole-grain bread, bread rich in fiber content, brown- and white-bread, rye bread. In addition, the organic and natural bakery products demand is rising among the health conscious consumers. Whereas, on the other hand the doughnut market is growing steadily  by 20.4%  market share due to increasing outlets globally.

Global bakery products market outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global bakery products market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global bakery products market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global bakery products market report comprises of the following companies as the key players: Grupo Bimbo, Finsbury Food Group, Flower Foods, Hostess Brands, McKee Foods and Yamazaki Baking.

Other high-flying vendors in the market are: Aryzta, BreadTalk, George Weston, Hillshire Brands, Monginis and Pepperidge Farm.

According to our global market study on the basis of extensive primary and secondary research: “the major trend is the innovation of the new bakery products globally due to the availability of various ingredients from chocolate, toppings, fillings, flavors etc. Products like swiss rolls, waffles, tarts, croissants, croissants, tortillas and pretzel etc. are armed with variety of flavors, texture and forms and a lot of bakers are making three dimensional cakes and theme cakes    . ”

According to the report, the major driver of the global bakery products market is the rising retail sales in bakery products market. The unpackaged bread will continue to rise as compared to the other categories. The volume sales of the bread are forecast to reach 190,000 tonnes by 2016. However, the frozen bakery products and with the launch of new innovative products are driving the market steadily with the volume sales of 27,300 tonnes in 2016.

Further, the report states that the major challenge for the industry is that it is divided into two sectors i.e. organized and unorganized sectors. The unorganized sectors accounts for 80% of the bread product, 67% of the biscuits and 90% of the other bakery products due to which the per capita consumption of the organized sector is decreasing tremendously.

Based on geography, North-America region leads the bakery products market by 58.0% due to hectic lifestyles, convenience of bakery products and awareness of the health issues. However, Asia Pacific bakery product market is increasing steadily with a growth rate of 21.0% over the forecast period. Countries such as China, Indian, Japan, Hong Kong and Singapore have the opportunity for bakery product manufacturers owing to rising of the per-capita income, urbanization, mass consumption and advancements of the new bakery products.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Bakery Products Market report

• What is the total market size by 2024 and what would be the expected growth rate of the market?
• What is the revenue of bakery products in 2015-16 and what would be the expected demand over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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