Global Bakery Goods Manufacturing - Industry Market Research Report

Baking up a storm: Developing countries are providing the industry with new opportunities for growth

Global bakery goods manufacturing has nearly stagnated in recent years as a result of numerous challenges. Demand for bakery products has risen slowly in the mature markets of Western Europe and North America, which has caused manufacturers to seek opportunities in higher-growth regions. These have just barely been enough to offset revenue contraction overall. Through the end of 2023, revenue for global bakery goods manufacturers is expected to increase at a CAGR of 0.1% to reach $398.3 billion, with a 0.6% increase expected in 2023 and profit growing to 3.3%. This industry includes companies that primarily manufacture fresh and frozen bread and other bakery products. The industry acquires raw materials, such as flour, starch, sugar, meat, dried fruit, emulsifiers, flavorings, preservatives, additives, gluten, vitamins and food acids, and processes them into consumer food products, such as bread, doughnuts, cakes, pies and pastries. These are then sold to supermarkets, convenience stores, food service providers and other retailers. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.