Insights Into The Bread And Bakery Products Market’s Growth Opportunities Through 2023-2032 – includes Bread And Bakery Products Market Size
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The world’s population are expected to drive innovation in bread and bakery products manufacturing, thus driving the market during the forecast period.
The global bread and bakery products market is expected to grow from $226.25 billion in 2022 to $241.69 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The bread and bakery products market is expected to grow to $304.89 billion in 2027 at a CAGR of 6.0%.
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Global Bread And Bakery Products Market Segments Include:
- By Type: Bread, Cake And Pastries, Other Bread And Bakery Product
- By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels
- By Origin: Whole Wheat Flour, Multi Grain Flour
- Subsegments Covered: Cake, Pastries
- 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 is the largest region in the global bread and bakery products market in 2021.
Major Market Players in the bread and bakery products market include Grupo Bimbo, S.A.B. de C.V., Wm Morrison Supermarkets plc, Bimbo Bakeries USA, Yamazaki Baking Co. Ltd., Flowers Foods Inc.
Bread and bakery product manufacturers are increasingly depending on social media to market their products. As more consumers share their dining experiences on social media websites such as Instagram, Pinterest, and Facebook, bread and bakery product manufacturers are creating innovative and artistic bakery products to gain popularity. According to a study by Maru/Matchbox, 69% of millennials take a photograph or video of their food before eating.
The Bread And Bakery Products Global Market Report 2023 provides a bread and bakery products market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bread and bakery products market forecast analyzes bread and bakery products market size, bread and bakery products market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Bread is a baked food made from a dough of flour, water, yeast, and other optional ingredients. Bakery products are defined as a wide range of products that are made from flour or meal derived from some form of grain.
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