Global Bakery Cereals Market By Overview
Global Bakery & Cereals Market worth USD 500 Billion 2018 with a CAGR of 4.10%
The bakery and cereals market includes the retail sale of baking mixes, baking rolls, bread and cereals, breakfast ingredients, pastries, sweet pies, cookies, energy bars, cereal bars, cakes, dough products, morning goods, and savoury biscuits. Bakery foods that depend on chemical leavening systems for their texture, taste, and appearance have been developed recently. The yeast leavened products are available for over the 4000 years, so the bakery products are one of the ancient product.
Global Bakery Cereals Market By Drivers & Restraints
The rise in the trend of natural nutrition, organic products, and healthy living increase the demand of bakery and cereal products which is the major propelling factor for the growth of the global market. Additionally, the advancement in the production technology of the bakery and cereal improves the texture improvement, enhance the freshness, smoother chew preservation, and water retention which is another boosting factor for the growth the target market. Furthermore, innovation in the bakery and cereal products drives the growth of the global market. However, the low quality of bakery products harms the body which is the major driving factor for the target market growth. Nevertheless, producing the high quality of the cereal and bakery products at a low price can create an opportunity for the growth of the global bakery & cereal market.
Global Bakery Cereals Market By Segmentations & Regional Insights
The global bakery & cereals market is segmented based on product type, distribution channel, and region.
Based on product type, the global bakery & cereals market is segmented into the cakes & pastries, biscuits, bread, morning goods, and others. The bread is the dominating segment in the global market due to increasing demand for the bread containing high fibres, healthy grains, and gluten-free. Based on the distribution channel, the target market is segmented into supermarket, convenient stores, speciality stores, online retailing, and others.
Based on the region the global bakery & cereals market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe region accounts highest revenue share to the global bakery & cereals market due to growing demand for sales of biscuits and pieces of bread, owing to the high demand for convenient food products. Europe region dominating region in the global bakery & cereals market due to well-established sales, distribution chain and consumers preference in this region.
Global Bakery & Cereals Market, By Product Type:
- Cakes & Pastries
- Biscuits
- Bread
- Morning Goods
- Others
Global Bakery & Cereals Market, By Distribution Channel:
- Supermarket
- Convenient Stores
- Speciality Stores
- Online Retailing
- Others
Global Bakery & Cereals Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Bakery & Cereals Market, By Product Type
- Middle East & Africa Bakery & Cereals Market, By Distribution Channel
- Middle East & Africa Bakery & Cereals Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Bakery & Cereals Market, By Product Type
- Latin America Bakery & Cereals Market, By Distribution Channel
- Latin America Bakery & Cereals Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Bakery & Cereals Market, By Product Type
- Asia Pacific Bakery & Cereals Market, By Distribution Channel
- Asia Pacific Bakery & Cereals Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Europe
- Europe Bakery & Cereals Market, By Product Type
- Europe Bakery & Cereals Market, By Distribution Channel
- Europe Bakery & Cereals Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Bakery & Cereals Market, By Product Type
- North America Bakery & Cereals Market, By Distribution Channel
- North America Bakery & Cereals Market, By Country
- U.S.
- Canada
- Middle East & Africa
Global Bakery Cereals Market By Competitive Landscape & Key Players
The key players operating the global bakery & cereals market involves Finsbury Food Group Plc., Grupo Bimbo, Associated British Foods Plc, Mondelez International, Bakers Delight Holdings Limited, Dunkin' Brands, Britannia Industries Ltd., Flowers Foods, Kellogg Co., Mondelez International, and Grupo Bimbo. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the product types to gain a competitive edge in the target market. For instance, in October 2019, Kellogg Co. announces to continue the partnership with the GLAAD by launching the new product named "All Together Cereal".
Global Bakery Cereals Market By Company Profile
- Finsbury Food Group Plc.
- Grupo Bimbo
- Associated British Foods Plc
- Mondelez International
- Bakers Delight Holdings Limited
- Dunkin' Brands
- Britannia Industries Ltd.
- Flowers Foods
- Kellogg Co.
- Mondelez International
- Grupo Bimbo
FAQs
The Bakery & Cereals Market is segmented into Product Type, Distribution Channel, and Sales Channel
Various factors, including the growing demand for convenient and healthy food options, the rising preference for on-the-go breakfast choices, and innovations in bakery and cereals products, are driving the growth of the Bakery & Cereals Market.
The Bakery & Cereals Market faces challenges such as health concerns related to sugar and preservatives in certain bakery products, the impact of changing consumer preferences, and competitive pressure from alternative breakfast options, which act as restraints on its global expansion.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is estimated to witness a significantly high revenue share over the forecast period, indicating its dominance in the Bakery & Cereals Market.
The key players operating in the target market include Grupo Bimbo, Associated British Foods Plc, Mondelez International, Bakers Delight Holdings Limited, Dunkin' Brands, Britannia Industries Ltd., Flowers Foods, Kellogg Co., and Mondelez International.