Latest News- Bakery Products Market: Offline is expected to lead the Distribution Channel segment during 2025-2029
The Bakery Products Market is being driven by Increasing retail value sales of private-label bakery products
The Bakery Products Market is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 270.9 billion. The proliferation of smartphones and the Internet's increasing accessibility have significantly expanded the online sales channel for bakery products. E-commerce platforms provide consumers with a vast selection of brands, enabling them to purchase bakery items at their convenience. The 2017 acquisition of Whole Foods Market by Amazon disrupted the bakery products market, as Amazon began offering Whole Foods' bakery products directly to consumers via Amazon Prime. This expedited delivery and streamlined purchasing experience have attracted more consumers to buy bakery items online, with prominent offerings including cookies, gluten-free bakery products, brownies, blondies, dessert bars, pies, cakes, and loaves.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Distribution Channel (Offline, Online) Product (Bread and rolls, Cakes and pastries, Cookies, Others) Geography (APAC, Europe, North America, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Bakery Products Market Research Report
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The Bakery Products Market encompasses various offerings such as homemade cookies, gourmet pastries, and artisan breads. It involves the supply of bakery equipment and ingredients like low-calorie options, natural sweeteners, and gluten-free baking supplies. The sector also includes bakery software, recipes, marketing strategies, online bakeries, franchises, jobs, and sustainable baking initiatives. Healthy snacking trends drive the demand for vegan pastries, sugar-free desserts, and plant-based baking. Organic breads, whole grain bread, and healthy baking are other popular trends. Food sustainability initiatives, food allergen awareness, and food labeling regulations are key considerations. Bakery businesses focus on reducing food waste, improving food accessibility, and ensuring food affordability through efficient food distribution networks. Food ingredient trends include the use of natural sweeteners and low-carb baking options. Ethical considerations and food quality control are essential for maintaining consumer trust. Food security and food globalization are also significant factors influencing the market.
The global bakery products market encompasses vendors engaged in the production and packaging of various baked goods, including online sales channels catering to consumers' sweet cravings. According to Technavio, the market's size is determined by the consolidated revenue of these vendors. Excluded from this market are equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Factors fueling market growth include the health benefits linked to the consumption of minimally processed items, such as digestive cookies and no-sugar alternatives, and the influence of Western food culture on global palates, driving demand for items like cupcakes.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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