Baked Goods Market: 34% of Growth to Originate from APAC | Growth, Trends, and Forecasts (2021 - 2025)

NEW YORK, May 23, 2022 /PRNewswire/ -- The Baked Goods Market value is set to grow by USD 165.49 billion, progressing at a CAGR of 6.12% from 2020 to 2025, as per the latest report by Technavio. The market is segmented by product (bread and rolls, cakes and pastries, cookies, and others) and geography (APAC, Europe, North America, South America, and MEA).

Technavio has announced its latest market research report titled
Baked Goods Market by Product and Geography - Forecast and Analysis 2021-2025

Moreover, the rising prominence of in-store bakeries in supermarkets is notably driving the baked goods market growth and growing demand for organic and gluten-free products will be the key trend in near future.

Buy the Report for current market scenario, latest trends and drivers, and the overall market environment

Baked Goods Market 2021-2025: Segmentation

  • Product
    • Bread and Rolls
    • Cakes and Pastries
    • Cookies
    • Others

The baked goods market share growth by the bread and rolls segment will be significant during the forecast period. The bread and rolls segment of the global baked goods market primarily includes products such as whole wheat bread, sourdough, rye bread, pita bread, focaccia bread, multigrain bread, white rolls, hot dog rolls, and sub rolls. The increasing demand for gluten-free bread and rolls is a major factor driving the growth of the segment. The increase in demand for free-from products such as bread, pies, and cakes is expected to encourage other major vendors to offer such products during the forecast period. The recent innovations in the baking ingredient industry have largely supported the growth of the segment since 2018. 

  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

34% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for baked goods in APAC. Market growth in this region will be faster than the growth of the market in other regions. The expansion of global players in the region through organic and inorganic organizational developments will facilitate the baked goods market growth in APAC over the forecast period. 

Didn't Find What You Were Looking For Customize Report-Speak to our Analyst now! to take full advantage of every opportunity using competitive analysis created just for you.

Baked Goods Market 2021-2025: Vendors

The report analyzes 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.
  • Yamazaki Baking Co. Ltd.

The baked goods market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Buy this Market Report to uncover new strategies to make the most of future growth opportunities

Baked Goods Market 2021-2025: Driver

The rising prominence of in-store bakeries in supermarkets is one of the major factors driving the baked goods market growth across the globe. In-store bakeries offer a substantial range of fresh-baked products, whole-grain bread, and specialty bakery products such as parbaked, pre-baked, or bake-off range of products. Consumers prefer in-store bakeries, situated in supercenters and clubhouses, as one-stop destinations because of the freshness and quality of their products. Supermarkets and hypermarkets are introducing their in-store bakeries, which produce private label bakery products and sell them at lower prices. Subsequently, they have become a preferred option among price-conscious customers.

Baked Goods Market 2021-2025: Trend

The growing demand for organic and gluten-free products is one of the significant baked goods market trends expected to stimulate market growth in the coming years. Health-conscious consumers prefer organic baking products and ingredients such as aluminum-free baking powder, gluten-free flour, and organic baking flour. Several market vendors are launching new products in organic variants to capitalize on this opportunity. Organic coconut flour, whole-wheat, and multigrain-based products are gaining popularity. Gluten-free banana bread, gluten-free sorghum bread, and several other varieties of gluten-free bread are being launched to target customers with gluten allergies.

Buy Report for insights on the drivers, trends, and challenges that will help companies evaluate and develop growth strategies for 2021-2025

Baked Goods Market 2021-2025: Scope

The Baked Goods Market report covers the following areas:

  • Baked Goods Market Size
  • Baked Goods Market Trends
  • Baked Goods Market Analysis

Baked Goods Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist baked goods market growth during the next five years
  • Estimation of the baked goods market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the baked goods market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of baked goods market, vendors

Related Reports:

Bakery Products Market in Europe by Product Type and Type - Forecast and Analysis 2022-2026: The bakery products market share in Europe is expected to surge to USD 41.49 million by 2026 at an accelerating CAGR of 3.28%. To get more exclusive research insights: Download Our Sample Report

High-Fructose Corn Syrup Market by Application and Geography - Forecast and Analysis 2022-2026: The high-fructose corn syrup market share is estimated to reach a value of USD 1.13 billion from 2021 to 2026 at an accelerating CAGR of 3.27%. To get more exclusive research insights: Download Our Sample Report

Baked Goods Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.12%

Market growth 2021-2025

$ 165.49 billion

Market structure

Fragmented

YoY growth (%)

5.43

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 34%

Key consumer countries

US, China, Japan, Brazil, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                                Exhibit 02:  Market Characteristics

                2.2 Value chain analysis           

                                Exhibit 03:  Value chain analysis: Packaged foods and meats

                                2.2.1 Inputs 

                                2.2.2    Inbound logistics

                                2.2.3    Primary processing

                                2.2.4    Secondary and tertiary processing

                                2.2.5    Outbound logistics

                                2.2.6    End-customers

                                2.2.7    Marketing and sales

                                2.2.8      Services

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 04:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 05:  Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                3.4.1      Estimating growth rates for emerging and high-growth markets

                                3.4.2      Estimating growth rates for mature markets

                                Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ billion)

                                3.4.3     Impact of COVID-19 pandemic on consumer staples market

                           3.4.3.1 Short-term impact

3.4.3.2 Long-term impact

3.4.3.3 Recovery phase

                                Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 08: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                                Exhibit 09:  Bargaining power of buyers

                4.3 Bargaining power of suppliers       

                                Exhibit 10:  Bargaining power of suppliers

                4.4 Threat of new entrants    

                                Exhibit 11:  Threat of new entrants

                4.5 Threat of substitutes         

                                Exhibit 12:  Threat of substitutes

                4.6 Threat of rivalry   

                                Exhibit 13:  Threat of rivalry

                4.7 Market condition

                                Exhibit 14: Market condition - Five forces 2020

5.  Market Segmentation by Product                              

                5.1      Market segments          

                                Exhibit 15:  Product - Market share 2020-2025 (%)

                5.2    Comparison by Product 

                                Exhibit 16:  Comparison by Product

                5.3    Bread and rolls - Market size and forecast 2020-2025       

                                Exhibit 17:  Bread and rolls - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 18:  Bread and rolls - Year-over-year growth 2020-2025 (%)

                5.4    Cakes and pastries - Market size and forecast 2020-2025

                                Exhibit 19:  Cakes and pastries - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 20:  Cakes and pastries - Year-over-year growth 2020-2025 (%)

                5.5    Cookies - Market size and forecast 2020-2025      

                                Exhibit 21:  Cookies - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 22:  Cookies - Year-over-year growth 2020-2025 (%)

                5.6    Others - Market size and forecast 2020-2025        

                                Exhibit 23:  Others - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 24:  Others - Year-over-year growth 2020-2025 (%)

                                5.6.1      Impact of COVID-19 pandemic on product segment

                5.7       Market opportunity by Product              

                                Exhibit 25:   Market opportunity by Product

6. Customer landscape                         

                6.1      Customer landscape    

                                Exhibit 26:  Customer landscape

7. Geographic Landscape                     

                7.1      Geographic segmentation         

                                Exhibit 27:  Market share by geography 2020-2025 (%)

                7.2      Geographic comparison              

                                Exhibit 28:  Geographic comparison

                7.3      APAC - Market size and forecast 2020-2025        

                                Exhibit 29:  APAC - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 30:  APAC - Year-over-year growth 2020-2025 (%)

                7.4    Europe - Market size and forecast 2020-2025       

                                Exhibit 31:  Europe - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 32:  Europe - Year-over-year growth 2020-2025 (%)

                7.5    North America - Market size and forecast 2020-2025        

                                Exhibit 33:  North America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 34:  North America - Year-over-year growth 2020-2025 (%)

                7.6    South America - Market size and forecast 2020-2025        

                                Exhibit 35:  South America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 36:  South America - Year-over-year growth 2020-2025 (%)

                7.7    MEA - Market size and forecast 2020-2025            

                                Exhibit 37:  MEA - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 38:  MEA - Year-over-year growth 2020-2025 (%)

                7.8    Key leading countries     

                                Exhibit 39:  Key leading countries

                7.9     Market opportunity by geography           

                                Exhibit 40:  Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends                   

                8.1      Market drivers

                                8.1.1    Rising urbanization and changing consumer lifestyles

                                8.1.2    Increased snacking and indulgence consumption

                                8.1.3    Rising prominence of in-store bakeries in supermarkets

                8.2      Market challenges        

                                8.2.1    Fluctuating raw material prices

                                8.2.2    Growing health concerns about diabetes and obesity

                                8.2.3    Stringent government regulations

                                Exhibit 41:  Impact of drivers and challenges

                8.3      Market trends

                                8.3.1    Increasing demand for organic and gluten-free baked goods

                                8.3.2    Innovations in baked goods

                                8.3.3    Increasing online presence of baked goods vendors

9. Vendor Landscape                          

                9.1 Overview

                                Exhibit 42:  Vendor landscape

                9.2      Landscape disruption   

                                Exhibit 43:  Landscape disruption

                                Exhibit 44:  Industry risks

10. Vendor Analysis                              

                10.1      Vendors covered        

                                Exhibit 45:  Vendors covered

                10.2      Market positioning of vendors              

                                Exhibit 46:  Market positioning of vendors

                10.3      Associated British Foods Plc    

                                Overview

                                Business segments

                                Key offerings

                                Segment focus

                10.4      Britannia Industries Ltd.           

                                Overview

                                Product and service

                                Key offerings

                10.5    Campbell Soup Co.       

                                Overview

                                Business segments

                                Key news

                                Key offerings

                                Segment focus

                10.6    Flowers Foods Inc.        

                                Overview

                                Business segments

                                Key news

                                Key offerings

                10.7    Grupo Bimbo SAB de CV             

                                Overview

                                Business segments

                                Key news

                                Key offerings

                                Segment focus

                10.8    JAB Holding Co. Sarl     

                                Overview

                                Product and service

                                Key news

                                Key offerings

                10.9    Kellogg Co.       

                                Overview

                                Business segments

                                Key news

                                Key offerings

                                Segment focus

                10.10    Mondelez International Inc.   

                                Overview

                                Business segments

                                Key news

                                Key offerings

                                Segment focus

                10.11    Warburtons Ltd.          

                                Overview

                                Product and service

                                Key news

                                Key offerings

                10.12    Yamazaki Baking Co. Ltd.         

                                Overview

                                Business segments

                                Key offerings

                                Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market Definition

                                11.1.2 Objectives

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 90: Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 91: Research Methodology

                                Exhibit 92: Validation techniques employed for market sizing

                                Exhibit 93: Information sources

                11.4 List of abbreviations        

                                Exhibit 94: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/baked-goods-market-34-of-growth-to-originate-from-apac--growth-trends-and-forecasts-2021---2025-301551989.html

SOURCE Technavio

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.