๐๐๐ค๐๐ซ๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ Outlook:
The IMARC Groupโs latest research report, titled โBakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028โณ, The global bakery products market size reached US$ 497.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 625.9 Billion by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.
Bakery products are food items that are typically made from flour, sugar, eggs, and butter, and baked in an oven. These products include a wide range of items, such as bread, cakes, cookies, and pastries. Bakery products are popular all over the world and are often consumed as snacks or as part of a meal. They are made using different types of flours, sweeteners, and other ingredients, which can vary based on regional and cultural preferences. At present, the market encompasses both artisanal and industrial bakery products.
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The steadily expanding food and beverage (F&B) industry represents one of the key factors driving the market growth. Moreover, the increasing demand for convenient and healthy baked goods is contributing to the market growth. In addition to this, changing lifestyles and the rising popularity of artisanal bakery products are acting as other major growth-inducing factors. The market is also being driven by the introduction of gluten-free and vegan product variants. Other factors, such as rising disposable incomes and consumer expenditure capacities, evolving food habits of individuals, and the easy product availability across distribution channels, including hypermarkets, supermarkets, convenience stores, and online retail, are creating a positive outlook for the market further across the globe.
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๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐จ๐ฉ ๐๐๐ค๐๐ซ๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐:
1. Grupo Bimbo S.A.B de C.V.
Establishment: 1966
Headquarter: Mexico City, Mexico
2. Yamazaki Baking Co., Ltd.
Establishment: 1948
Headquarter: Tokyo, Japan
3. ARYZTA AG
Establishment: 2008
Headquarter: Zurich, Switzerland
4. Flowers Foods Inc.
Established: 1919
Headquarter: Georgia, United States
5. Rich Products Corporation
Established: 1945
Headquarter: New York, United States
6. Dr. August Oetker Nahrungsmittel KG
Establishment: 1891
Headquarter: Bielefeld, Germany
7. Gruma, S.A.B. de C.V.
Establishment: 1949
Headquarter: San Pedro Garza Garcรญa, Mexico
8. General Mills, Inc.
Established: 1860
Headquarter: Minnesota, United States
9. Associated British Foods (ABF) Plc
Established: 1935
Headquarter: Mayfair, United Kingdom
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