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Bakery Products Market Size

Report ID: GMI6818
Published Date: Sep 2023
Report Format: PDF

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Bakery Products Market Size

Bakery Products Market size was valued at USD 234.5 billion in 2022 and is estimated to witness over 4.4% CAGR from 2023 to 2032, due to consumer preferences, urbanization, and fast pace of modern life. The increasing trend towards healthier food options among health conscious and fitness enthusiast individuals leads to increased demand for hypoallergenic, gluten free baking products, which chemical-free.

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E-commerce has made purchasing bread more convenient and convenient, while industry Demand for bakery products remains high as consumers value health, convenience and sustainability is at the forefront of their choices while also solving sustainability concerns with eco-friendly packaging and responsibly sourced products.

Bakery Products Market Report Attributes
Report Attribute	Details
Base Year:	2022
Bakery Products Market Size in 2022:	USD 234.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	4.4%
2032 Value Projection:	USD 356 Billion
Historical Data for:	2018 to 2032
No. of Pages:	150
Tables, Charts & Figures:	136
Segments covered:	Product Type, Distribution Channel, Region
Growth Drivers:	Shifting consumer preferences towards healthier options Rising demand for convenience and on-the-go consumption Growth of online retail and direct-to-consumer channels
Pitfalls & Challenges:	Intense market competition Fluctuations in raw material costs Stringent regulatory compliance and quality assurance challenges

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Challenges in the bakery market include intense competition, cost fluctuations in raw materials, stringent regulatory compliance, and the need for consistent quality. Rising health concerns about sugar and gluten pose hurdles, while sustainability pressures call for eco-friendly practices and packaging.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of bakery products reached USD 234.5 billion in 2022 is set to cross USD 356 billion by the end of 2032, due to the changing consumer preferences, urbanization, and fast pace of modern life.

The gluten-free specialty type held around 26% of the market share in 2022, owing to the heightened health consciousness and dietary restrictions.

U.S. market size was valued at USD 42.2 billion in 2022, driven by diverse consumer preferences, changing tastes, and the continued demand for bakery ingredients.

Grupo Bimbo, Finsbury Food Group, Yamazaki Baking, Associated British Foods, Mondelez International, General Mills, Nestlé, Kellogg Company, Conagra Brands, Aryzta, Campbell Soup Company, Hostess Brands, and McKee Foods are few bakery product providers