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The global bakery products market valued approximately USD 547.55 billion in 2024, propelled by increasing demand for convenience foods as consumers with busy lifestyles favor ready-to-eat options such as pre-packaged sandwiches and pastries. Forecasted to grow at a compound annual growth rate (CAGR) of 6.70% from 2025 to 2034, the market is expected to reach USD 1,047.29 billion by 2034.
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Bakery Products Market Analysis, Growth & Industry Trends Report - Forecast Trends (2025-2034)
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Bakery Products Market Outlook 2025-2034 The global bakery products market was valued at around USD 547.55 billion in 2024 and is projected to grow at a CAGR of 6.70% from 2025 to 2034, reaching USD 1047.29 billion by 2034. Growth is driven by rising demand for convenient, ready-to-eat foods and the expanding availability of bakery items through e-commerce platforms.
Bakery Products Market Growth The global bakery products market continues to grow steadily, fueled by changing consumer lifestyles, growing urbanization, and the rising demand for convenient, ready-to-eat food options. With increasingly busy schedules, consumers are turning to bakery products such as breads, pastries, cookies, and pre-packaged snacks that offer both taste and convenience. The appeal of bakery items lies in their versatility—they can be consumed at breakfast, as on-the-go snacks, or even as indulgent treats, making them a staple across all age groups and regions. According to Expert Market Research, the global bakery products market was valued at around USD 547.55 billion in 2024 and is projected to grow at a CAGR of 6.70% between 2025 and 2034, reaching approximately USD 1047.29 billion by 2034. Expert Market Research highlights key drivers such as the rise of artisanal and specialty bakery offerings, increased demand for healthy and organic ingredients, and the growing influence of global bakery trends. The firm also notes that the rapid growth of e-commerce platforms is reshaping the market, making it easier for consumers to access a wider variety of bakery products—from gourmet cookies to gluten-free breads—at the click of a button. In addition, bakery brands are investing in product innovation to meet evolving consumer preferences. There is a notable shift toward clean-label, plant-based, and fortified bakery goods as health-conscious consumers seek better nutritional value. Premiumization is another emerging trend, with customers willing to pay more for artisanal, freshly baked, or internationally inspired products. As food culture continues to blend convenience with quality, the bakery products market is poised for robust and sustained growth in the coming years. 05 This is a sample text. 01 Trade Data Analysis
Bakery Products Market Trends The bakery products market is evolving rapidly as consumers seek new and exciting flavors, textures, and formats. Traditional bakery items are being reinvented with global inspirations, fusion ingredients, and gourmet elements. Artisanal baking has gained significant traction, with consumers showing preference for handmade, small-batch, and visually appealing products. This growing demand for unique experiences is pushing brands to experiment with cultural twists, premium ingredients, and seasonal variations that add novelty to everyday baked goods. Health and wellness have also become central to bakery product innovation. Consumers are increasingly looking for options that align with specific dietary needs such as gluten-free, vegan, low-sugar, or high-protein baked items. Clean-label products—those with fewer, recognizable ingredients—are becoming more mainstream. Functional bakery goods that include superfoods, added fiber, or immunity-boosting ingredients are also on the rise. This shift is encouraging manufacturers to reformulate their offerings without compromising on taste, texture, or quality. Convenience and digital accessibility are further shaping consumer behavior. Online bakeries and grocery platforms are expanding rapidly, giving customers easy access to fresh and packaged baked goods at home. Ready-to-eat and heat-and-eat bakery items are thriving, especially among urban dwellers and working professionals. Packaging innovations that ensure freshness and longer shelf life are also playing a crucial role in driving market appeal. With evolving preferences and an appetite for both indulgence and wellness, the bakery market continues to strike a balance between tradition and modern demand. 05 This is a sample text. 01 Trade Data Analysis
Bakery Products Industry Segmentation Based On the Product Type: • Biscuits • Cookies • Cream Biscuits • Glucose Biscuits • Marie Biscuits • Non-Salt Cracker Biscuits • Salt Cracker Biscuits • Milk Biscuits • Others • Bread and Rolls • Artisanal • In-Store Bakeries • Packaged • Cakes and Pastries • Artisanal • In-Store Bakeries • Packaged • Rusks 05 This is a sample text. Market Trade Data Analysis Demand Drivers Cost Analysis 01 Trade Data Analysis Additional Insights Competitive Landscape Capacity Additions, Plant Turnarounds and Mergers 01 Trade Data Analysis
Bakery Products Industry Segmentation Based On the Distribution Channel: • Supermarkets and Hypermarkets • Specialty Stores • Convenience Stores • Online • Others Based on the Region: • North America • Europe • Asia Pacific • Latin America • Middle East and Africa 05 This is a sample text. Market Trade Data Analysis Demand Drivers Cost Analysis 01 Trade Data Analysis Additional Insights Competitive Landscape Capacity Additions, Plant Turnarounds and Mergers 01 Trade Data Analysis
Leading Companies in the Bakery Products Market Market players are actively investing in product innovation, strategic partnerships, and impactful branding to maintain a competitive edge. They compete across multiple fronts, including innovation, pricing, product quality, brand strength, and distribution reach. Companies are also aligning closely with evolving consumer preferences, particularly the growing demand for health-focused and sustainable bakery products. Nestlé S.A. Nestlé is a global food and beverage giant with a diverse portfolio that includes bakery and confectionery products. The company leverages its strong brand presence and wide distribution network to deliver products that cater to various consumer segments. Known for its focus on health and nutrition, Nestlé continuously innovates its bakery offerings to align with emerging trends such as whole grain, reduced sugar, and fortified snacks. General Mills Inc. General Mills is a leading American multinational that owns several well-known bakery brands like Pillsbury and Betty Crocker. The company offers a wide range of products, including ready-to-bake goods, baking mixes, and pastries. General Mills is known for its strong focus on product quality, innovation, and adapting to health-conscious trends by introducing organic and gluten-free alternatives. Grupo Bimbo, S.A.B. de C.V. Grupo Bimbo is one of the largest bakery companies in the world, headquartered in Mexico. It owns a wide range of brands including Sara Lee, Entenmann's, and Oroweat. Grupo Bimbo operates across numerous countries, offering bread, pastries, cookies, and cakes. The company is also highly committed to sustainability and responsible sourcing, making it a leader in both scale and ethical practices.
Leading Companies in the Bakery Products Market Market players are actively investing in product innovation, strategic partnerships, and impactful branding to maintain a competitive edge. They compete across multiple fronts, including innovation, pricing, product quality, brand strength, and distribution reach. Companies are also aligning closely with evolving consumer preferences, particularly the growing demand for health-focused and sustainable bakery products. Associated British Foods plc Associated British Foods (ABF) owns several bakery brands under its food division, including Kingsmill and Jordans. ABF produces a variety of bakery items such as breads, rolls, cakes, and cereals. The company emphasizes innovation, high-quality ingredients, and sustainable operations, serving both retail and foodservice sectors across Europe and other regions. McKee Foods Corporation McKee Foods is a family-owned American company best known for its Little Debbie snack cakes and pastries. The company specializes in packaged baked goods that are widely distributed across North America. McKee focuses on affordability and taste while maintaining consistency in quality, making it a household name in the ready-to-eat bakery segment. Parle Products Pvt. Limited Parle is one of India’s leading biscuit and bakery brands, known for iconic products like Parle-G. The company has a strong foothold in the Indian market, offering a wide range of biscuits, cookies, and snacks at affordable prices. Parle emphasizes mass appeal, widespread availability, and consistent product quality, and it continues to evolve with newer flavors and healthier variants to meet changing consumer demands.
Table of Contents 01 Executive Summary 1.1 Market Size 2024-2025 1.2 Market Growth 2025(F)-2034(F) 1.3 Key Demand Drivers 1.4 Key Players and Competitive Structure 1.5 Industry Best Practices 1.6 Recent Trends and Developments 1.7 Industry Outlook 02 Market Overview and Stakeholder Insights 2.1 Market Trends 2.2 Key Verticals 2.3 Key Regions 2.4 Supplier Power 2.5 Buyer Power 2.6 Key Market Opportunities and Risks 2.7 Key Initiatives by Stakeholders 03 Economic Summary 3.1 GDP Outlook 3.2 GDP Per Capita Growth 3.3 Inflation Trends 3.4 Democracy Index
Table of Contents 3.5 Gross Public Debt Ratios 3.6 Balance of Payment (BoP) Position 3.7 Population Outlook 3.8 Urbanisation Trends 04 Country Risk Profiles 4.1 Country Risk 4.2 Business Climate 05 Global Bakery Products Market Analysis 5.1 Key Industry Highlights 5.2 Global Bakery Products Historical Market (2018-2024) 5.3 Global Bakery Products Market Forecast (2025-2034) 5.4 Global Bakery Products Market by Product Type 5.4.1 Biscuits 5.4.1.1 Historical Trend (2018-2024) 5.4.1.2 Forecast Trend (2025-2034) 5.4.1.3 Breakup by Type 5.4.1.3.1 Cookies 5.4.1.3.2 Cream Biscuits 5.4.1.3.3 Glucose Biscuits 5.4.1.3.4 Non-Salt Cracker Biscuits 5.4.1.3.5 Salt Cracker Biscuits
Table of Contents 5.4.1.3.6 Milk Biscuits 5.4.1.3.7 Others 5.4.2 Bread and Rolls 5.4.2.1 Historical Trend (2018-2024) 5.4.2.2 Forecast Trend (2025-2034) 5.4.2.3 Breakup by Type 5.4.2.3.1 Artisanal 5.4.2.3.2 In-Store Bakeries 5.4.2.3.3 Packaged 5.4.3 Cakes and Pastries 5.4.3.1 Historical Trend (2018-2024) 5.4.3.2 Forecast Trend (2025-2034) 5.4.3.3 Breakup by Type 5.4.3.3.1 Artisanal 5.4.3.3.2 In-Store Bakeries 5.4.3.3.3 Packaged 5.4.4 Rusks 5.4.4.1 Historical Trend (2018-2024) 5.4.4.2 Forecast Trend (2025-2034) 5.5 Global Bakery Products Market by Distribution Channel 5.5.1 Supermarkets and Hypermarkets
Table of Contents 5.5.1.1 Historical Trend (2018-2024) 5.5.1.2 Forecast Trend (2025-2034) 5.5.2 Specialty Stores 5.5.2.1 Historical Trend (2018-2024) 5.5.2.2 Forecast Trend (2025-2034) 5.5.3 Convenience Stores 5.5.3.1 Historical Trend (2018-2024) 5.5.3.2 Forecast Trend (2025-2034) 5.5.4 Online 5.5.4.1 Historical Trend (2018-2024) 5.5.4.2 Forecast Trend (2025-2034) 5.5.5 Others 5.6 Global Bakery Products Market by Region 5.6.1 North America 5.6.1.1 Historical Trend (2018-2024) 5.6.1.2 Forecast Trend (2025-2034) 5.6.1.3 Breakup by Product Type 5.6.1.4 Breakup by Distribution Channel 5.6.2 Europe 5.6.2.1 Historical Trend (2018-2024) 5.6.2.2 Forecast Trend (2025-2034)
Table of Contents 5.6.2.3 Breakup by Product Type 5.6.2.4 Breakup by Distribution Channel 5.6.3 Asia Pacific 5.6.3.1 Historical Trend (2018-2024) 5.6.3.2 Forecast Trend (2025-2034) 5.6.3.3 Breakup by Product Type 5.6.3.4 Breakup by Distribution Channel 5.6.4 Latin America 5.6.4.1 Historical Trend (2018-2024) 5.6.4.2 Forecast Trend (2025-2034) 5.6.4.3 Breakup by Product Type 5.6.4.4 Breakup by Distribution Channel 5.6.5 Middle East and Africa 5.6.5.1 Historical Trend (2018-2024) 5.6.5.2 Forecast Trend (2025-2034) 5.6.5.3 Breakup by Product Type 5.6.5.4 Breakup by Distribution Channel 06 North America Bakery Products Market Analysis 6.1 United States of America 6.1.1 Historical Trend (2018-2024) 6.1.2 Forecast Trend (2025-2034)
Table of Contents 6.2 Canada 6.2.1 Historical Trend (2018-2024) 6.2.2 Forecast Trend (2025-2034) 07 Europe Bakery Products Market Analysis 7.1 United Kingdom 7.1.1 Historical Trend (2018-2024) 7.1.2 Forecast Trend (2025-2034) 7.2 Germany 7.2.1 Historical Trend (2018-2024) 7.2.2 Forecast Trend (2025-2034) 7.3 France 7.3.1 Historical Trend (2018-2024) 7.3.2 Forecast Trend (2025-2034) 7.4 Italy 7.4.1 Historical Trend (2018-2024) 7.4.2 Forecast Trend (2025-2034) 7.5 Others 08 Asia Pacific Bakery Products Market Analysis 8.1 China 8.1.1 Historical Trend (2018-2024) 8.1.2 Forecast Trend (2025-2034)
Table of Contents 8.2 Japan 8.2.1 Historical Trend (2018-2024) 8.2.2 Forecast Trend (2025-2034) 8.3 India 8.3.1 Historical Trend (2018-2024) 8.3.2 Forecast Trend (2025-2034) 8.4 ASEAN 8.4.1 Historical Trend (2018-2024) 8.4.2 Forecast Trend (2025-2034) 8.5 Australia 8.5.1 Historical Trend (2018-2024) 8.5.2 Forecast Trend (2025-2034) 8.6 Others 09 Latin America Bakery Products Market Analysis 9.1 Brazil 9.1.1 Historical Trend (2018-2024) 9.1.2 Forecast Trend (2025-2034) 9.2 Argentina 9.2.1 Historical Trend (2018-2024) 9.2.2 Forecast Trend (2025-2034) 9.3 Mexico
Table of Contents 9.3.1 Historical Trend (2018-2024) 9.3.2 Forecast Trend (2025-2034) 9.4 Others 10 Middle East and Africa Bakery Products Market Analysis 10.1 Saudi Arabia 10.1.1 Historical Trend (2018-2024) 10.1.2 Forecast Trend (2025-2034) 10.2 United Arab Emirates 10.2.1 Historical Trend (2018-2024) 10.2.2 Forecast Trend (2025-2034) 10.3 Nigeria 10.3.1 Historical Trend (2018-2024) 10.3.2 Forecast Trend (2025-2034) 10.4 South Africa 10.4.1 Historical Trend (2018-2024) 10.4.2 Forecast Trend (2025-2034) 10.5 Others 11 Market Dynamics 11.1 SWOT Analysis 11.1.1 Strengths 11.1.2 Weaknesses
Table of Contents 11.1.3 Opportunities 11.1.4 Threats 11.2 Porter’s Five Forces Analysis 11.2.1 Supplier’s Power 11.2.2 Buyer’s Power 11.2.3 Threat of New Entrants 11.2.4 Degree of Rivalry 11.2.5 Threat of Substitutes 11.3 Key Indicators for Demand 11.4 Key Indicators for Price 12 Trade Data Analysis (HS Code – 1905) 12.1 Major Exporting Countries 12.1.1 By Value 12.1.2 By Volume 12.2 Major Importing Countries 12.2.1 By Value 12.2.2 By Volume 13 Competitive Landscape 13.1 Supplier Selection 13.2 Key Global Players 13.3 Key Regional Players
Table of Contents 13.4 Key Player Strategies 13.5 Company Profiles 13.5.1 Nestlé S.A. 13.5.1.1 Company Overview 13.5.1.2 Product Portfolio 13.5.1.3 Demographic Reach and Achievements 13.5.1.4 Certifications 13.5.2 General Mills Inc. 13.5.2.1 Company Overview 13.5.2.2 Product Portfolio 13.5.2.3 Demographic Reach and Achievements 13.5.2.4 Certifications 13.5.3 Grupo Bimbo, S.A.B. de C.V. 13.5.3.1 Company Overview 13.5.3.2 Product Portfolio 13.5.3.3 Demographic Reach and Achievements 13.5.3.4 Certifications 13.5.4 Associated British Foods plc 13.5.4.1 Company Overview 13.5.4.2 Product Portfolio 13.5.4.3 Demographic Reach and Achievements
Table of Contents 13.5.4.4 Certifications 13.5.5 McKee Foods Corporation 13.5.5.1 Company Overview 13.5.5.2 Product Portfolio 13.5.5.3 Demographic Reach and Achievements 13.5.5.4 Certifications 13.5.6 Parle Products Pvt. Limited 13.5.6.1 Company Overview 13.5.6.2 Product Portfolio 13.5.6.3 Demographic Reach and Achievements 13.5.6.4 Certifications 13.5.7 Britannia Industries Limited 13.5.7.1 Company Overview 13.5.7.2 Product Portfolio 13.5.7.3 Demographic Reach and Achievements 13.5.7.4 Certifications 13.5.8 ITC Limited 13.5.8.1 Company Overview 13.5.8.2 Product Portfolio 13.5.8.3 Demographic Reach and Achievements 13.5.8.4 Certifications
Table of Contents 13.5.9 Walkers Shortbread Ltd 13.5.9.1 Company Overview 13.5.9.2 Product Portfolio 13.5.9.3 Demographic Reach and Achievements 13.5.9.4 Certifications 13.5.10 Finsbury Food Group Limited 13.5.10.1 Company Overview 13.5.10.2 Product Portfolio 13.5.10.3 Demographic Reach and Achievements 13.5.10.4 Certifications 13.5.11 Lotus Bakeries NV 13.5.11.1 Company Overview 13.5.11.2 Product Portfolio 13.5.11.3 Demographic Reach and Achievements 13.5.11.4 Certifications 13.5.12 Kambly SA 13.5.12.1 Company Overview 13.5.12.2 Product Portfolio 13.5.12.3 Demographic Reach and Achievements 13.5.12.4 Certifications 13.5.13 Annie's Homegrown, Inc
Table of Contents 13.5.13.1 Company Overview 13.5.13.2 Product Portfolio 13.5.13.3 Demographic Reach and Achievements 13.5.13.4 Certifications 13.5.14 Others
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