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Global Bakery Market 2020-2024 | Evolving Opportunities with Associated British Foods Plc and Campbell Soup Co. | Technavio

January 30, 2020 GMT
Global Bakery Market 2020-2024 | Evolving Opportunities with Associated British Foods Plc and Campbell Soup Co. | Technavio
Global Bakery Market 2020-2024 | Evolving Opportunities with Associated British Foods Plc and Campbell Soup Co. | Technavio

LONDON--(BUSINESS WIRE)--Jan 30, 2020--

The global bakery market is poised to grow by USD 116.14 billion during 2020-2024, progressing at a CAGR of about 4% during the forecast period. Request Free Sample Pages

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Technavio has announced its latest market research report titled global bakery market 2020-2024. (Graphic: Business Wire)

Read the 120-page research report with TOC on “Bakery Market Analysis Report by Product (Bread and rolls, Cakes and pastries, Cookies, and Others), and by Geography (APAC, North America, Europe, MEA, and South America), and Segment Forecasts, 2020 – 2024.”

https://www.technavio.com/report/bakery-market-industry-analysis

The market is driven by the rising prominence of in-store bakeries in supermarkets. In addition, rising urbanization and changing consumer lifestyles are also anticipated to drive the bakery market growth during the forecast period.

In-store bakeries offer a substantial range for fresh-baked products, whole-grain bread, and specialty bakery products such as parbaked, pre-baked, or bake-off range of products. Moreover, in-store bakeries situated in supercenters and clubhouses are among the preferred one-stop destinations for consumers due to the freshness and quality of their products. Supermarkets and hypermarkets are also introducing their own in-store bakeries which produce private label bakery products and sell them at a lower price thus, making them a preferred option among price-conscious customers. Thus, the growing prominence of these in-store bakeries is expected to contribute significantly to the growth of the global bakery market value in coming years and propel the market growth.

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Major Five Bakery Market Companies:

Associated British Foods Plc

Associated British Foods Plc operates in key business segments including Grocery, Sugar, Agriculture, Ingredients, and Retail. The key offerings of the company include a range of bakery products such as muffins, doughnuts, garlic bread, and bread under its brand name, Speedibake.

Britannia Industries Ltd.

The key offerings of the company include a range of biscuits under the brand names Good Day, Nutrichoice, Marie Gold, Tiger, Milk Bikis, Bourbon, Little Hearts, and Pure Magic.

Kellogg Co.

Kellogg Co. operates in key business segments including US Snacks, US Morning Foods, US Specialty Channels, North America Other, Europe, Latin America, and APAC. Pop-Tarts Strawberry Milkshake and Pop-Tarts Bites Frosted Brown Sugar Cinnamon are some of the key bakery products offered by the company.

Mondelez International Inc.

Mondelez International Inc. offers a varied range of products and services through key business segments including Latin America, AMEA, Europe, and North America. The key offerings of the company include a range of cookies under the brand name Barni.

Campbell Soup Co.

The company operates in key business segments including Meals and Beverages and Snacks. Through these segments, the company offers a wide range of products including condensed and ready-to-serve soups, non-dairy beverages, and other simple meals under the brand Campbell’s, Swanson, Pacific Foods. It also offers cookies, crackers, fresh bakery and frozen products under the brands Milano, Goldfish, Lance, and Kettle. Milano crackers and Milano cookies are some of the key bakery products offered by the company.

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Bakery Product Outlook (Revenue, USD Million, 2020 – 2024)

  • Bread and rolls
  • Cakes and pastries
  • Cookies
  • Others

Bakery Regional Outlook (Revenue, USD Million, 2020 – 2024)

  • APAC
  • Europe
  • North America
  • South America
  • MEA

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Consumer Staples are:

Global Frozen Bakery Products Market 2019-2023 – Global frozen bakery products market by product (frozen cakes, frozen pies, frozen cookies and crackers, and frozen pastries) and geography (APAC, Europe, MEA, North America, and South America).

Global Bakery Product Market 2019-2023 – Bakery product market by product (bread and rolls, cakes and pastries, cookies, and others) and geography (APAC, Europe, MEA, North America, and South America)

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

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PUB: 01/30/2020 07:30 AM/DISC: 01/30/2020 07:30 AM

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