Each year the revenue of the bread and bakery market generates more than $30 billion. The baking industry involves 3,000 commercial bakeries and 6,000 retail bakeries.
Bread and Bakery market- Introduction
The bread and bakery market is an energy sector that supplies food every day to millions of customers. The main focus of the bread and bakery market is manufacturing and selling wheat and flour-based items that are baked/heated in an oven.
Baking is the old process of cooking and utilized for preparing daily items such as cakes, bread, pies, cookies, donuts, and pastries. For preparing these items various ingredients are required like, water, leavening agents along with grain-based flour. These are consumed on daily basis and are considered fast-moving goods (FMCG). Currently, the traditional baking methods are replaced by modern machines and items can be prepared with different ingredients with different shapes and flavors.
Bread and Bakery Market- Overview
Modern technology has made the traditional baking method easy. Many baking products are made easily and in large quantities nowadays. The demand for baking products is increasing day by day. The increasing demands for cakes, slices of bread, pastries, donuts in festivals and celebrations are responsible for the growth of the market. But the covid-19 pandemic has reduced the demands for bakery products. And also, growth in the health consciousness among people is a reason for affecting the growth of the market.
Bread and Bakery Market-Importance
In large factories, baking was automated by machines when the production was industrialized. Baking is a basic skill and is important for nutrition. Among the baked items, bread is an important item as it is a common and popular food from both cultural and economic points of view. It involves bread rolls and fresh bread made up of cereals and grains.
The segmentation of the market is based on types, applications, and regions, which are further divided into sub-sectors and are convenient for market analysis.
Segmentation by Types-
Cakes and Pastries, Cookies, Bread and Rolls and others.
Segmentation by Application-
Online Sales, Supermarkets, Convenience Stores, Independent Retailers, and others.
Segmentation by Region-
Europe, South America, North America, Asia-Pacific, and the Middle East, and Africa are the main sectors of the market.
In 2020, the global market is estimated at a value of US $331.37 billion, due to the new product launches during the year 2022 to 2027 at a CAGR of 4.6%. The market is predicted to reach the US $436.91 billion by the year 2026.
- Dawn Food Products
- CSM Bakery Solutions
- Rich Products
- Wenner Bakery
- Damascus Bakery
- Franz Bakery
- McKee Foods
- Neri’s Bread & Bakery Products
- Flowers Foods
- All Round Foods
- George’s Bread & Bakery Products
- Canyon Bakehouse
- Sweet Freedom Bakery
- Michael’s Cookies
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