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Bakery Products Market 2030: Trends in Sustainable Packaging

  • Posted by Henry Paul January 27, 2025 Filed in Other #Bakery Products  #Bakery Products Market  #Bakery Products Market Size  #Bakery Products Market Share  #Bakery Products Market Growth  #Bakery Products Market Trends  #Bakery Products Market Analysis  #Bakery Products Market Forecasts  12 views
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    Bakery Products Market Growth & Trends

    The global bakery product market size is expected to reach USD 714.1 billion by 2030, registering a CAGR of 5.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is majorly driven by the growing product demand owing to time-constrained lifestyles of customers resulting in increased on-the-go food consumption. The major companies are involved in continuous innovation and introduction of novel flavors owing to high industry rivalry. High demand for Ready-to-Eat (RTE) foods, owing to hectic lifestyle, is also contributing to the market growth. Cakes & pastries segment led the market in 2018, accounting for 27.4% of the global revenue share.

    It was followed by cookies as the second-largest segment, owing to rapid urbanization, rising income levels, and altering food experiences. Many bakery product manufacturers are doing backward integration, which would help ensure and enhance the product quality. In addition, demand for bakery products is growing on account of their ability to meet dietary requirements. The specialty stores segment dominated the market in 2023. Specialty stores often focus on the niche preferences of consumers. The online segment is projected to grow at the fastest CAGR of 7.7% over the forecast period.

    Gather more insights about the market drivers, restrains and growth of the Bakery Products Market

    Bakery Products Market Size by Product, 2020 - 2030 (USD Billion)

    Bakery Products Market Report Highlights

    • Cakes & pastries dominated the market and accounted for a revenue share of 28.2% in 2023. Cakes and pastries are popular desserts around the globe. It has been a part of cultural and religious customs in history as well.
    • The specialty stores segment dominated the market in 2023. Specialty stores often focus on the niche preferences of consumers.
    • Europe bakery product market dominated the market with a revenue share of 34.0% in 2023.
    • Asia Pacific bakery products market is anticipated to grow with the fastest CAGR of 6.7% over the forecasted period. The rising influence of western food culture in many Asian countries leads to an increase in demand for breads, pastries, and cakes in the region.

    Bakery Products Market Segmentation

    Grand View Research has segmented global bakery products market report based on product, distribution channel, and region:

    Bakery Products Outlook (Revenue, USD Billion, 2018 - 2030)

    • Bread & Rolls
    • Cakes & Pastries
    • Cookies
    • Tortillas
    • Pretzels
    • Others

    Bakery Products Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

    • Hypermarkets & Supermarkets
    • Specialty Stores
    • Convenience Stores
    • Online
    • Others

    Bakery Products Regional Outlook (Revenue, USD Billion, 2018 - 2030)

    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia & New Zealand
    • Middle East and Africa (MEA)
      • Saudi Arabia
    • Central & South America
      • Brazil

    Order a free sample PDF of the Bakery Products Market Intelligence Study, published by Grand View Research.