The North America bakery products market is projected to grow at a CAGR of 4.8% during the forecast period (2022-2027).
Changing consumer trends for bakery products which offers high nutritional value and convenience at the time of COVID-19 is accelerating the growth of the market in the region. During the outbreak of coronavirus North American consumers were conscious about their health, boosting immunity and energy which rise up the demand for baked foods which is gluten-free and is not only followed by coeliac patients, but also by the general health-conscious , low carb, low fat and high protein. As per the (IFIC) International Food Information Council's Food & Health Survey in 2021, majority of the people are strenuously pursuing for beneficial health factors from foods.
steady consumption growth with regards to bread. The trend is expected to remain same in the forecast period, however, ancient grains, organic grains, and custom blends of wheat flour are expected to record higher sales, with the growing demand for health-promoting bakery products that are minimally processed with lesser preservatives, lesser trans fats, rich in protein, and have other essential micro-nutrients. Moreover, as a result of urbanization and increase of working population, the growth of out-of-home consumption is rising which increased demand for instant and nutritious bakery products and this trend has been fueling the vigorous growth of the bakery products in the regions of North America.
Commercial bakeries, although fewer in numbers than retail stores, generate almost 80% of the total bakery industry profits in the region. Commercial bakeries are well-established, with key players dominating the scenario, whereas retail stores are more fragmented in nature. Now a day’s people are having hectic lifestyle which increased the demand of ready-to-cook and ready-to-eat food commodities such as cookies, bread, cakes, tortillas, biscuits and frozen pizza. The North American bakery products were easily available in the supermarkets, hypermarkets in-store and online delivery option was also there which was very convenience for the consumers and this has maintained the growth of the market in the pandemic situation.
The primary driver for the growth of the bread segment in the North American countries is the increasing demand for bread, cookies, fruit and organic flavored cakes containing whole grain, high in fiber, gluten-free, or healthy and fortified bread. Such products are becoming increasingly popular with consumers, due to the enhanced uptake of the healthy lifestyle concept. In the developed countries, competition is uneven, due to product diversity and a large number of informal channels that produce bread. Moreover, packaged bread sales out numbered unpackaged bread sales in North American countries. North American people perefer having convinience food products in their day to day life thus, bakery products are considered feasible and easily accessible options among all other products. Furthermore, several giant or private label manufacturers are producing different types of bread such as gluten-free bread, anadama bread, cookies, cakes, whole wheat bread, multi grain buiscuits & bread as per consumer demand.
Health-consciousness and indulgence are two parallel trends dominating the US bakery products market. The heath-orientation is catered with the launch of products that contain wholegrain, high fiber, or other health-promoting ingredients. The growing“gluten-free” varieties of baked products, along with the associated higher unit price, will provide further fillip to value-based sales in the forecast period. Therefore, new product innovation coupled with packaging modifications holds a key to retain competitiveness in the US bakery market, the market has seen a rise in popularity for portable, single-serve packaging. Morning baked goods witnessed sales decline, as consumers opted for other healthier alternatives, like snack bars and yogurt. With the growing demand for breakfast drink recipes and increased use of foodservice outlets for breakfast, the overall consumption of morning goods has gone down.
The North American market for bakery products is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Kellogg NA Co., Hostess Brands, LLC, Bimbo Bakeries USA, Inc., Canyon Bakehouse LLC, and Mondelēz International among others. Several manufacturers are focusing on online distribution channels for their online promotion, marketing and branding of their products, in order to expand their geographic reach and increase their customer base.
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Changing consumer trends for bakery products which offers high nutritional value and convenience at the time of COVID-19 is accelerating the growth of the market in the region. During the outbreak of coronavirus North American consumers were conscious about their health, boosting immunity and energy which rise up the demand for baked foods which is gluten-free and is not only followed by coeliac patients, but also by the general health-conscious , low carb, low fat and high protein. As per the (IFIC) International Food Information Council's Food & Health Survey in 2021, majority of the people are strenuously pursuing for beneficial health factors from foods.
steady consumption growth with regards to bread. The trend is expected to remain same in the forecast period, however, ancient grains, organic grains, and custom blends of wheat flour are expected to record higher sales, with the growing demand for health-promoting bakery products that are minimally processed with lesser preservatives, lesser trans fats, rich in protein, and have other essential micro-nutrients. Moreover, as a result of urbanization and increase of working population, the growth of out-of-home consumption is rising which increased demand for instant and nutritious bakery products and this trend has been fueling the vigorous growth of the bakery products in the regions of North America.
Commercial bakeries, although fewer in numbers than retail stores, generate almost 80% of the total bakery industry profits in the region. Commercial bakeries are well-established, with key players dominating the scenario, whereas retail stores are more fragmented in nature. Now a day’s people are having hectic lifestyle which increased the demand of ready-to-cook and ready-to-eat food commodities such as cookies, bread, cakes, tortillas, biscuits and frozen pizza. The North American bakery products were easily available in the supermarkets, hypermarkets in-store and online delivery option was also there which was very convenience for the consumers and this has maintained the growth of the market in the pandemic situation.
Key Market Trends
Demands for Convenience Food Products Drives the Market
The primary driver for the growth of the bread segment in the North American countries is the increasing demand for bread, cookies, fruit and organic flavored cakes containing whole grain, high in fiber, gluten-free, or healthy and fortified bread. Such products are becoming increasingly popular with consumers, due to the enhanced uptake of the healthy lifestyle concept. In the developed countries, competition is uneven, due to product diversity and a large number of informal channels that produce bread. Moreover, packaged bread sales out numbered unpackaged bread sales in North American countries. North American people perefer having convinience food products in their day to day life thus, bakery products are considered feasible and easily accessible options among all other products. Furthermore, several giant or private label manufacturers are producing different types of bread such as gluten-free bread, anadama bread, cookies, cakes, whole wheat bread, multi grain buiscuits & bread as per consumer demand.
United States Market to Dominate the Regional Market
Health-consciousness and indulgence are two parallel trends dominating the US bakery products market. The heath-orientation is catered with the launch of products that contain wholegrain, high fiber, or other health-promoting ingredients. The growing“gluten-free” varieties of baked products, along with the associated higher unit price, will provide further fillip to value-based sales in the forecast period. Therefore, new product innovation coupled with packaging modifications holds a key to retain competitiveness in the US bakery market, the market has seen a rise in popularity for portable, single-serve packaging. Morning baked goods witnessed sales decline, as consumers opted for other healthier alternatives, like snack bars and yogurt. With the growing demand for breakfast drink recipes and increased use of foodservice outlets for breakfast, the overall consumption of morning goods has gone down.
Competitive Landscape
The North American market for bakery products is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Kellogg NA Co., Hostess Brands, LLC, Bimbo Bakeries USA, Inc., Canyon Bakehouse LLC, and Mondelēz International among others. Several manufacturers are focusing on online distribution channels for their online promotion, marketing and branding of their products, in order to expand their geographic reach and increase their customer base.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
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This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Kellogg NA Co.
- Hostess Brands, LLC
- Bimbo Bakeries USA, Inc.
- Canyon Bakehouse LLC
- Mondel?z International
- Dave's Killer Bread
- Allinson's Bread
- General Mills, Inc.
- Alpha Baking Co., Inc.
- Boudin Bakery
Methodology
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