Bakery and Cereals Market Opportunities, Trends, Growth Analysis and Forecast to 2027

Bakery and Cereals Market Report Overview

The bakery and cereals market size was valued at $659 billion in 2022. Sustainability and natural ingredients have been the key influencing factors for consumers while making purchases, thereby encouraging manufacturers’ investment in high-quality products with natural ingredients. Additionally, innovation in terms of formulation and flavors will also play a significant role in attracting consumers.  All the above factors are set to drive the bakery and cereals market to grow at a CAGR of more than 10% during 2022-2027.

Bakery and Cereals Market Outlook 2022-2027 (USD Billion)

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The bakery and cereals market research report provides an overview of the current bakery and cereals sector and its outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers a regional overview of bakery and cereals across five regions including Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe, highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions. The report assesses high-potential countries in each region and provides country-wise deep dive insights. Furthermore, the report covers business-related information on some of the leading brands, key distribution channels, and packaging material insights.

Bakery and Cereals Market Segmentation by Categories

The bakery and cereals market is categorised into bread & rolls, cakes, pastries & sweet pies, cookies (sweet biscuits), and others. In 2022, the bread & rolls category dominated the bakery and cereals market share both in terms of value and volume, followed by cakes, pastries & sweet pies.

Bakery and Cereals Market Analysis by Categories, 2022 (%)

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Bakery and Cereals Market Segmentation by Regions

The key regions in the bakery and cereals market are Asia-Pacific, Middle East and Africa, the Americas, Western Europe, and Eastern Europe. In 2022, the Americas led the bakery and cereals market share.

Millennials make up a significant part of the consumer base in the US. This consumer group demonstrates a high willingness to try new and exotic flavors for an indulgent experience, especially in the cakes, pastries & sweet pies category, encouraging manufacturers to innovate with their product formulations.

Bakery and Cereals Market Analysis by Region, 2022 (%)

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Bakery and Cereals Market – High Potential Countries

The key high-potential countries identified in the bakery and cereals market are the UK, Chile, the UAE, and China. In the UK, product innovation will be instrumental in fueling the sector’s growth during the forecast period. The relaxation of COVID-19 restrictions and consumers’ pent-up demand will stimulate the consumption of bakery & cereals products in China.

Bakery and Cereals Market Segmentation by Distribution Channels

The key distribution channels in the bakery and cereals market are hypermarkets & supermarkets, convenience stores, food & drinks specialists, e-retailers, and others. In 2022, hypermarkets & supermarkets were the leading distribution channel.

Bakery and Cereals Market Analysis by Distribution Channel, 2022 (%)

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Bakery and Cereals Market Segmentation by Pack Materials

The key pack materials in the bakery and cereals market are flexible packaging, rigid plastics, paper & board, rigid metal, and glass. In 2022, flexible packaging emerged as the mostly used pack material in the bakery and cereals market, followed by rigid plastics and paper & board packaging. Bag/sachet was the most widely used pack type in the bakery and cereals sector in 2022.

Bakery and Cereals Market Analysis by Pack Materials, 2022 (%)

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Bakery and cereals Market – Competitive Landscape

Some of the leading bakery and cereals market players are Grupo Bimbo, Mondelēz International, Kellogg’s Company, General Mills, PepsiCo, Artisanal Producers, and Private Label, among others. In 2022, Grupo Bimbo accounted for the highest bakery and cereals market share with some of the most prominent brands including Bimbo, Sara Lee, Entenmann’s, and Others

Bakery and Cereals Market Analysis by Leading Players, 2022 (%)

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Scope

The report provides an overview of current bakery & cereals scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers regional overview across five regions – Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe – highlighting sector size, growth drivers, latest developments, and future inhibitors for the regions.

Key Highlights

Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.

Reasons to Buy

• Manufacturing and retailers seek the latest information on how the market is evolving to formulate their sales and marketing strategies. There is also a demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape, and demographic analysis, that can help companies gain insight into the country-specific nuances
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
• To gain competitive intelligence about leading brands in the sector in the region with formation about their market share and growth rates.