Global Bakery & Confectionary Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope A bakery is a place where flour-based food such as bread, cake, and others are baked. A confectionary is a place where sweet-based products such as chocolates, gum and others that are rich in sugar and carbohydrates are sold. Sizing and Forecast The bakery & confectionary market size has grown strongly in recent years. It will grow from $907.39 billion in 2023 to $960.09 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to health-conscious offerings, artisanal and crafted treats, global flavor fusion, functional ingredients, interactive and experiential products. The bakery & confectionary market size is expected to see strong growth in the next few years. It will grow to $1174.03 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to changing consumer lifestyles, cultural and ethnic influences, celebrations and festivities, retailing and merchandising strategies, globalization and cross-cultural flavors. Major trends in the forecast period include digitalization and online ordering, packaging innovations, global flavor fusion, customization and personalization trends, innovations in baking techniques. Order your report now for swift delivery, visit the link: https://www.thebusinessresearchcompany.com/report/bakery-and-confectionary-global-market-report Segmentation & Regional Insights The bakery & confectionary market covered in this report is segmented – 1) By Type: Breakfast Cereal, Sugar And Confectionery Products, Bread And Bakery Products, Cookie, Cracker, Pasta, And Tortilla 2) By Price Point: Economy, Mid-Range, Luxury 3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Other Distribution Channels Subsegments Covered: Oats Breakfast Cereal, Grains Breakfast Cereal, Other Breakfast Cereal, Sugar, Confectionery Product, Bread, Cake And Pastries, Other Bread And Bakery Product, Cookie and Cracker, Dry Pasta, Dough, and Flour Mixes, Tortilla Asia-Pacific was the largest region in the bakery and confectionary market in 2023. Western Europe was the second-largest region in the bakery and confectionary market. The regions covered in the bakery & confectionary market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on a free sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=1898&type=smp Major Driver Impacting Market Growth The world's population is growing and is expected to reach 10 billion by 2050. An increase in the population creates more demand for food. Supply for materials used in bakery and confectionary and trade volumes will have to increase to meet the increased population. Therefore, companies in this market are expected to benefit from rising demand for bakery and confectionery products due to the rising population during the forecast period. Key Industry Players Major companies operating in the bakery & confectionary market report are Nestle S.A., PepsiCo Inc., Mars Inc., Mondelez International, Roshen Confectionery Corp., The Kraft Heinz Company, Wm Morrison Supermarkets plc, Valeo Foods Group, Grupo Bimbo S.A.B. de C.V., General Mills Inc., Ferrero Group, Kellanova, Lotte Corp., The Hershey Company, Yamazaki Baking Co. Ltd., The Clorox Company, Barry Callebaut AG, The Campbell Soup Company, Campbell Soup Company, The J.M. Smucker Company, Flowers Foods Inc., Bimbo Bakeries USA, The Hain Celestial Group Inc., Morinaga & Co., Orion Corp., Hostess Brands Inc., Bourbon Corp., Lindt & Sprüngli AG, PIM Brands Inc., Crown Confectionery Co. The bakery & confectionary market report table of contents includes: 1. Executive Summary 2. Bakery & Confectionary Market Characteristics 3. Bakery & Confectionary Product/Service Analysis -Product/Service Examples 4. Bakery & Confectionary Market Trends And Strategies 5. Bakery & Confectionary Market - Macro Economic Scenario ... 68. Global Bakery & Confectionary Market Competitive Benchmarking 69. Global Bakery & Confectionary Market Competitive Dashboard 70. Key Mergers And Acquisitions In The Bakery & Confectionary Market 71. Bakery & Confectionary Market Future Outlook and Potential Analysis 72. Appendix Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: info@tbrc.info Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info Facebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: https://blog.tbrc.info/ Healthcare Blog: https://healthcareresearchreports.com/ Global Market Model: https://www.thebusinessresear