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Bakery Products Market Trends

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

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Bakery Products Market Trends

Increased health consciousness has seen a shift towards healthier options in the baked goods industry. Fermented, gluten-free, and organic baked goods are becoming more popular. On-the-go consumption and convenience and are driving demand for single-serve packaged baked goods. Online stores and direct-to-consumer channels are expanding, offering greater reach. Sustainable practices and environmentally friendly packaging are increasingly important for consumers and businesses to address environmental concerns which is further supporting the market growth.

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