According to a new report by Expert Market Research titled, ‘Global Bakery Products Market Report and Forecast 2020-2025’, the market for bakery products is being propelled forward by the global bakery market, which reached a value of USD 495.01 billion in 2019. The bakery market is further expected to grow in the forecast period of 2020-2025, growing at a CAGR of 2.7% between 2020-2025. The market is projected to attain USD 580.82 billion in 2025.
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The US is the leading bakery products market, globally, accounting for nearly a fifth of the global market. The bakery sector in the US contributes to 2.1% of the country’s GDP. With the rising health concerns associated with the ingredients in bakery products, consumers in the US are increasingly seeking out healthier baked goods which are ideally, gluten-free, have high fibre content and are low in carbs. The US bakery products market is followed by China where the bakery segment is a significant part of the country’s food and beverage industry. Bakery represents 10% of China’s food and beverage market, finding impetus for its growth in the rising demand from Tier 1 cities where consumers are more open to trying out western cuisines. The rise in online bakery platforms has given a significant boost to the bakery market in the country. Thus, China along with Brazil are the fastest growing markets for bakery products. The industry in both the countries grew at a rate of almost 10% over the last four years.
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Market Breakup by Types:
- Bread and Rolls
- Cake and Pastries
- Biscuit and Snacks
- Breakfast Cereals
- Others
Market Breakup by Forms:
- Fresh
- Frozen
Market Breakup by Distribution Channels:
- Supermarkets and Hypermarkets
- Artisanal Bakeries
- Convenience Stores
- Independent Retailers
- Online
Market Breakup by Regions:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis:
- Grupo Bimbo S.A.B. de C.V. (OTCMKTS: GRBMF)
- Finsbury Food Group plc (LON: FIF)
- McKee Foods Corporation
- Yamazaki Baking Co., Ltd.
- BreadTalk Group Limited (SGX: CTN)
- Flowers Foods
- Aryzta AG
- Bakers Delight Holdings Ltd.
- Allied Bakeries Ltd.
- Monginis Food Pvt Ltd
- Others
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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