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 smartphone usage and widespread internet accessibility have significantly expanded the online sales channel for bakery products. E-commerce platforms provide consumers with a vast array of brands and convenient purchasing options. The 2017 acquisition of Whole Foods Market by Amazon disrupted traditional service delivery models in the global bakery products market. Post-acquisition, Amazon Prime members gained direct access to Whole Foods Market's bakery offerings, including cookies, gluten-free products, brownies, blondies, dessert bars, pies, cakes, and loaves, with the added benefits of quick delivery and a seamless purchasing experience. This innovation has attracted a growing number of consumers to buy bakery products via Amazon Prime. 

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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
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • 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: 

• Increasing retail value sales of private-label bakery products
• Strong distribution network between bakery product manufacturers and customers
• Growing prominence of gluten-free bakery products

However, the market also witnesses some limitations, which are as follows:

• Volatility of raw material prices of bakery products
• Increasing adoption of other snack products
• Stringent regulations for approval of bakery products and product recalls

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Market Scope in Bakery Products Market Research Report

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Research Analysis Overview

The Bakery Products Market encompasses a range of offerings from homemade cookies and gourmet pastries to low-calorie and healthy snacking options. Bakery supplies, software, and equipment are essential for running a successful bakery business. Trends include vegan and plant-based pastries, sustainable and organic breads, and food sustainability initiatives. Marketing strategies, online sales, and franchising opportunities are key areas of focus. Healthy baking, gluten-free, and low-carb options cater to diverse dietary needs. Food allergen awareness, labeling regulations, and food waste reduction are important considerations. Food accessibility, affordability, and distribution networks impact the industry's reach. Food ingredient trends, ethics, quality control, security, and globalization shape the future of the market.

Market Research Overview

The global bakery products market encompasses businesses engaged in the production and packaging of various baked goods to cater to consumers' sweet cravings and adherence to dietary preferences. According to Technavio, the market's size is determined by the consolidated revenue of participating vendors. This market scope excludes providers of food processing equipment and packaged alcoholic and non-alcoholic beverages. Factors fueling the market expansion include the health benefits linked to the consumption of minimally processed items, such as gluten-free digestive cookies, no-sugar alternatives, vegan breads, and traditional Western baked goods like cupcakes. The independent bakery houses capitalize on the increasing trend towards healthy lifestyles and diverse food culture.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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/