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Bakery market set to grow by USD 116.14 billion

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Bakery market set for massive growth

Global technology research and advisory company. technavio, has released a report suggesting the bakery market size has the potential to grow by USD 116.14 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

The report provides a detailed analysis of the market by product (bread and rolls, cakes and pastries, cookies, and others) and geography (North America, APAC, Europe, South America, and MEA). Also, the report analyses the market’s competitive landscape and offers information on several market vendors, including Associated British Foods Plc, Britannia Industries Ltd., Campbell Soup Co., Flowers Foods Inc., Grupo Bimbo SAB de CV, JAB Holding Co. Sarl, Kellogg Co., Mondelez International Inc., Warburtons Ltd., and Yamazaki Baking Co. Ltd

The bakery market is fragmented. The rising prominence of in-store bakeries in supermarkets is expected to create ample growth opportunities for market vendors. JAB Holding Co. Sarl, Kellogg Co., Mondelez International Inc., Warburtons Ltd., and Yamazaki Baking Co. Ltd. are some of the major market participants. Although rising urbanisation and changing consumer lifestyles will offer immense growth opportunities, fluctuating raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this bakery market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this bakery market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

The report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Associated British Foods Plc
  • Britannia Industries Ltd.
  • Campbell Soup Co.
  • Flowers Foods, Inc.
  • Grupo Bimbo SAB de CV
  • JAB Holding Co. Sarl
  • Kellogg Co.
  • Mondelez International Inc.
  • Warburtons Ltd.
  • Yamazaki Baking Co. Ltd.

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