Learn about the global bakery & confectionary market through The Business Research Company, which provides information on bakery & confectionary market size, bakery & confectionary market drivers and restraints, bakery & confectionary market players, the COVID-19 impact on the bakery & confectionary market, and more.

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The global bakery & confectionary market is expected to grow from $887.82 billion in 2020 to $938.97 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The bakery and confectionery market is expected to reach $1221.28 billion in 2025 at a CAGR of 7%.

Increase in population creates more demand for food. Supply for material used in bakery & confectionary and trade volumes will have to increase in order to meet increased population. Therefore, companies in this market are expected to benefit from rising demand for bakery & confectionary products due to rising population, during the forecast period.

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The bakery and confectionery market consists of sales of bakery and confectionery by entities (organizations, sole traders and partnerships) that produce bakery and confectionery products. The companies in the bakery and confectionery industry process raw materials into bakery and confectionery, package and distribute them through various distribution channels to both individual customers and commercial establishments. Some of the examples of bakery and confectionery products include breakfast cereals, breads, cookies, chocolates, gums, sugar confectionery and others.

Global bakery & confectionary market segments include:

By Type: Breakfast Cereal, Sugar And Confectionery Products, Bread And Bakery Products, Cookie, Cracker, Pasta, And Tortilla

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others

Subsegments Covered: Oats Breakfast Cereal, Grains Breakfast Cereal, Other Breakfast Cereal, Sugar, Confectionery Product, Bread, Cake And Pastries, Other Bread And Bakery Product, Cookie and Cracker, Dry Pasta, Dough, and Flour Mixes, Tortilla

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global bakery & confectionary market, accounting for 43% of the market in 2020.

Confectionery manufactures are increasingly using natural flavors in confectionery products. Innovation has been key to the development of the confectionery market. According to the United States, Food and Drug Administration the term natural flavor or natural flavoring means the essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or any product of roasting, heating or enzymolysis, which contains the flavoring constituents derived from a spice, fruit or fruit juice, vegetable or vegetable juice, etc. Using natural flavors manufacturers are imparting new and unique taste profiles in to their products.

TBRC’s bakery & confectionary market report covers:

Major Market Players: Grupo Bimbo, Finsbury Food Group, McKee Foods, Yamazaki Baking, BreadTalk Group.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Bakery & Confectionary Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides bakery & confectionary market overviews, analyses and forecasts market size, share, bakery & confectionary market players, bakery & confectionary market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s bakery & confectionary market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Bread And Bakery Products Global Market Report 2021

Organic Bakery Products Global Market Report 2021

Cookie, Cracker, Pasta, And Tortilla Global Market Report 2021

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