During 2020-2024 bakery market size will grow by $ 116.14 over at a CAGR of almost 4%.
APAC will provide significant growth opportunities to vendors. During the forecast period the region will account for 34% of the market’s growth.
Market Overview
Get sample illustrations from Technavio’s research report on the bakery market
Growth in the market will be driven by factors such as the rising prominence of in-store bakeries. The growing demand for organic and gluten-free products will also have a significant influence on the growth of the bakery market during the forecast period.
Though the market will offer several growth opportunities, factors such as will also challenge the growth of the market participants.
Associated British Foods Plc, Britannia Industries Ltd., Campbell Soup Co., and Flowers Foods Inc. are some of the key bakery market vendors.
The report provides an analysis of the market’s competitive landscape, the strategies adopted by companies to increase their market share, and the key products or services they provide. The report also analyzes the market based on segmentations such as Product (Bread and rolls, Cakes and pastries, Cookies, and Others) and Geographic Landscape (APAC, Europe, MEA, North America, and South America). To improve their market positions, the vendors should focus more on the fast-growing segments.