The "Bakery Products Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to ResearchAndMarkets.com's offering.
The Bakery Products market is expected to reach US$ 839.53 billion by 2033 from US$ 558.64 billion in 2024, with a CAGR of 4.63% from 2025 to 2033
Customers now have more access to a wider range of bakery goods because of the shift to online buying. Customers can easily browse and purchase freshly baked goods using online platforms. Through e-commerce, consumers can locate specialty and superior bakery goods that may not be available in their neighborhood. In order to reduce their need for conventional retail locations, bakeries are adopting direct-to-consumer online sales strategies. The potential to offer subscription services for regular baked goods delivery is growing in popularity.
The industry is expanding due in large part to substantial innovation and product diversity, as well as changing customer preferences toward ready-to-consume (RTC) baked goods brought on by hectic lives. In addition, the premiumization of baked goods and the growth of e-commerce platforms that make baked goods more accessible are driving the market share of bakery products.
The demand for bakery products in the US is being driven mostly by convenience and ready-to-eat (RTE) products. Consumers are looking for quick and easy meal solutions as a result of busy lifestyles. Ready-to-consume (RTC) bakery products, such as sandwiches and prepackaged snacks, are very appealing since they provide options for instant consumption. Bakeries are being encouraged to develop new, easily consumable items in response to the desire for time-saving solutions. Grab-and-go baked goods that complement on-the-go (OTG) routines are becoming more and more popular among consumers.
Chip City Cookies, a company based in Astoria, partnered with Kellanova to develop a limited-edition Strawberry Poppable Pop-Tarts Cookie in October 2024 in order to meet this demand. The cookie has Pop-Tarts Crunchy Poppers, vanilla icing, strawberry jam, and a vanilla sugar base. It is available for purchase at Chip City shops around New York, Long Island, and beyond for two weekends in October and November. Furthermore, the need for quick and easy food options is rising as crowded urban areas expand. The market is expanding because online platforms are making it easier to buy RTE baked goods, which adds convenience.
Growth Drivers for the Bakery Products Market
Increasing urbanization and hectic lives
People's hectic lifestyles, particularly in urban areas, are driving up demand for quick and simple bakery goods. 4.4 billion people, or 56% of the world's population, currently reside in cities, according to World Bank estimates. Seven out of ten people are predicted to live in cities by 2050, when the existing urban population is predicted to double.
This tendency is supported by the growing number of customers choosing single-portion servings, grab-and-go items, and packaged snacks in order to better fit into urban lifestyles. Similar to this, quick-service restaurants and cafes are becoming more and more common in cities, which tends to enhance the consumption of bakery goods. These consumption patterns also range from city to city.
Changing customer tastes
Customers who are concerned about their health usually search for baked items that fit their dietary requirements and eating habits. People use social media to keep an eye on a variety of trends. According to research, 51% of Americans say they have tried a new food as a result of social media participation, and 42% say they have experimented with a new brand or product. Due to their greater nutritional value, there is a growing demand for products made with whole grains, seeds, and other healthier ingredients.
Additionally, baked goods with lower sugar content and those that satisfy specific dietary needs, such as gluten- and dairy-free options, are becoming more and more popular. As plant-based diets gain popularity, bakers are responding by launching vegan-friendly goods that meet nutritional requirements.
Growing Number of Working Women Will Help Drive Market Development
In recent years, the number of women working has increased significantly. The demand for convenient and simple-to-make food items, such as bread, pancakes, and other bakery goods, has expanded dramatically as a result of women's increased employment participation. Women's restricted cooking time is attributed to the rising demand for convenient baked goods; as a result, they favor frozen food items to make dinner preparation easier. For example, according to the World Bank, women made up 47% of the workforce in 2019. In addition, women's employment rates in the United States and China were 46% and 44%, respectively. In these nations, women are therefore seen as making up half of the workforce.
Challenges in the Bakery Products Market
Health Consciousness
Demand for healthier baked goods is rising as customers grow more health-conscious. Due to dietary limitations, lifestyle preferences, or health issues like diabetes and gluten sensitivity, many people are looking for low-carb, gluten-free, and sugar-free options. This change forces bakeries to experiment with low-calorie ingredients, natural sweeteners, and substitute flours in order to innovate and modify their product offers. Additionally, bakeries are being pushed to satisfy these needs by the increased demand for organic and plant-based products.
Although providing these healthy options might aid bakeries in growing their clientele, doing so also necessitates a large investment in R&D, new recipes, and locating specialty ingredients, all of which can raise expenses and complicate production. Remaining competitive requires striking a balance between innovation and customer desires.
Shelf Life and Freshness
For bakers, preserving freshness and increasing shelf life while guaranteeing product quality is a major concern. Customers want baked items to be soft, tasty, and fresh because they are perishable. It can be challenging to extend shelf life without sacrificing quality, though. Bakeries frequently use preservatives to maintain freshness, but consumers are increasingly choosing goods free of artificial additives.
It takes creativity in ingredient selection, packaging, and storage techniques to strike a balance between these consumer preferences and the requirement for a longer shelf life. Methods such as the use of natural preservatives or modified atmosphere packaging (MAP) are becoming more popular. In order to maintain product freshness during distribution to retail locations, bakeries also need to think about supply chain logistics. Maintaining client pleasure and trust requires striking this equilibrium.
Company Analysis: Overview, Key Players, Recent Development, Revenue
- Finsbury Food Group Plc.
- Grupo Bimbo SAB de CV
- Associated British Foods Plc.
- Mondelez International Inc.
- General Mills Inc.
- Kellogg Company
- Britannia Industries Ltd.
- Walker's Shortbread Ltd.
- Yildiz Holding
- McKee Foods Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value (USD) in 2024 | $558.64 Billion |
| Forecasted Market Value (USD) by 2033 | $839.53 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Bakery Products Market
6. Market Share Analysis
6.1 By Products
6.2 By Distribution Cannel
6.3 By Countries
7. Products
7.1 Cakes and Pastries
7.2 Biscuits
7.3 Bread
7.4 Morning Goods
7.5 Other
8. Distribution Channel
8.1 Supermarkets/Hypermarkets
8.2 Convenience/Grocery Stores
8.3 Speciality Stores
8.4 Online Retail Stores
8.5 Other
9. Countries
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Europe
9.2.1 France
9.2.2 Germany
9.2.3 Italy
9.2.4 Spain
9.2.5 United Kingdom
9.2.6 Belgium
9.2.7 Netherlands
9.2.8 Turkey
9.3 Asia Pacific
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Australia
9.3.5 South Korea
9.3.6 Thailand
9.3.7 Malaysia
9.3.8 Indonesia
9.3.9 New Zealand
9.4 Latin America
9.4.1 Brazil
9.4.2 Mexico
9.4.3 Argentina
9.5 Middle East & Africa
9.5.1 South Africa
9.5.2 Saudi Arabia
9.5.3 UAE
10. Porter's Five Forces Analysis
10.1 Bargaining Power of Buyers
10.2 Bargaining Power of Suppliers
10.3 Degree of Competition
10.4 Threat of New Entrants
10.5 Threat of Substitutes
11. SWOT Analysis
11.1 Strength
11.2 Weakness
11.3 Opportunity
11.4 Threats
12. Key Players Analysis
For more information about this report visit https://www.researchandmarkets.com/r/dmphkx
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250411292201/en/
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