Bread And Bakery Products Global Market Estimated to Surge at a CAGR of 6.0% to Reach $296.79 Billion By 2028 | Cargill Inc., Grupo Bimbo, General Mills Inc., Yildiz Holding Inc., Flowers Foods Inc.

Overview and Scope
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.

Sizing and Forecast
The bread and bakery products market size has grown strongly in recent years. It will grow from $221 billion in 2023 to $234.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to cultural and regional influences, marketing and branding strategies, globalization of food culture, retailing trends and merchandising, economic factors and affordability.

The bread and bakery products market size is expected to see strong growth in the next few years. It will grow to $296.79 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to focus on healthier alternatives, sustainability practices, culinary fusion and exotic flavors, clean label and transparency, rise of artisanal and specialty bakeries. Major trends in the forecast period include sustainable and eco-friendly practices, innovation in sweet and savory combinations, local and seasonal ingredients, e-commerce and online bakery platforms, technological innovations in baking.

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Segmentation & Regional Insights
The bread and bakery products market covered in this report is segmented –
1) By Type: Bread, Cake And Pastries, Other Bread And Bakery Products
2) By Origin: Whole Wheat Flour, Multi Grain Flour
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels

Subsegments Covered: , Cake, Pastries

Asia-Pacific was the largest region in the bread and bakery products market in 2023. North America was the second-largest region in the bread and bakery products market. The regions covered in the bread and bakery products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The world’s population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. Supply for materials used in bread and bakery product manufacturing and trade volumes will have to increase in order to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for bakery and confectionery products due to the rising population during the forecast period.

Key Industry Players
Major companies operating in the bread and bakery products market report are Walker’s Shortbread Ltd., Cargill Inc., Archer Daniels Midland Company, George Weston ltd, Mondelez International Inc., Britannia Industries Ltd., Wm Morrison Supermarkets plc, Associated British Foods plc, Grupo Bimbo, General Mills Inc., Yildiz Holding Inc., Lotte Chemical Corporation, S.A.B. de C.V., Yamazaki Baking Co. Ltd., Flowers Foods Inc., Bimbo Bakeries USA, Barilla Group, Lantmännen, ARYZTA AG, Tate & Lyle plc, Harry-Brot GmbH, Dawn Food Products, Finsbury Food Group Plc, McKee Foods Corporation, CSM Bakery Solutions, Wenner Bread Products Inc., Rich Products & Solutions Pvt. Ltd., Neri’s Bread & Bakery Products Inc., Damascus Bakeries Inc., Franz Bakery

The bread and bakery products market report table of contents includes:
1. Executive Summary