DECLARACIÓN LEGAL La información que se contiene en el servicio está o licenciada por proveedores de información de tercera parte o es propiedad intelectual de EMIS. La información - incluido este documento que está a su disposición está protegido por leyes de derechos de autor, derechos de bases de datos, marcas y /o patentes que se poseen por la parte relevante. Excepto con una permisión previa en el acuerdo (si hay alguno) entre el suscriptor y EMIS, o de lo contrario aprobado expresamente por escrito por EMIS, cualquier reproducción, publicación, redistribución, venta, emisión o circulación de la información a cualquier tercera parte está estrictamente prohibido. Ningún derecho se concede al suscriptor excepto el uso limitado de derechos. Al suscriptor no se le permite guardar en forma electrónica cualquier carpeta compartida tampoco puede archivar la información que se pude utilizar como solicitud de investigación ni se puede mover, ocultar o alterar ninguno de los avisos de los derechos de autor que se contienen en el servicio o en este documento. FORECAST TO 2028 GLOBAL BAKERY PRODUCTS MARKET RESEARCH REPORT EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021 2021at Market Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. Copyright © Market Research Future 1 FORECAST TO 2028 At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. 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No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 2 FORECAST TO 2028 1.1 MARKET ATTRACTIVENESS ANALYSIS ............................................................................................................................ 16 1.1.1 GLOBAL BAKERY PRODUCTS MARKET, BY PRODUCT TYPE ....................................................................................... 17 1.1.2 GLOBAL BAKERY PRODUCTS MARKET, CATEGORY .................................................................................................... 18 1.1.3 GLOBAL BAKERY PRODUCTS MARKET, DISTRIBUTION CHANNEL ............................................................................. 19 1.1.4 GLOBAL BAKERY PRODUCTS MARKET, BY REGION .................................................................................................... 20 2.1 DEFINITION ....................................................................................................................................................................... 21 2.2 SCOPE OF THE STUDY ...................................................................................................................................................... 21 2.3 RESEARCH OBJECTIVE ..................................................................................................................................................... 21 2.4 MARKET STRUCTURE ....................................................................................................................................................... 22 2.5 KEY BUYING CRITERIA ...................................................................................................................................................... 23 3.1 RESEARCH PROCESS ........................................................................................................................................................ 24 3.2 PRIMARY RESEARCH ........................................................................................................................................................ 25 3.3 SECONDARY RESEARCH ................................................................................................................................................... 26 3.4 MARKET SIZE ESTIMATION .............................................................................................................................................. 27 3.5 FORECAST MODEL ............................................................................................................................................................ 28 3.6 LIST OF ASSUMPTIONS & LIMITATIONS .......................................................................................................................... 29 4.1 OVERVIEW ......................................................................................................................................................................... 30 4.2 DRIVERS ............................................................................................................................................................................ 31 4.2.1 RISING DEMAND FOR CONVENIENCE FOOD................................................................................................................ 31 4.2.2 MOUNTING GROWTH OF FOODSERVICE INDUSTRY ................................................................................................... 31 4.2.3 GROWTH OF THE ORGANIZED RETAIL SECTOR IN ASIA-PACIFIC .............................................................................. 31 4.3 4.3.1 4.4 RESTRAINT........................................................................................................................................................................ 33 HIGH PRODUCT COST OF FROZEN BAKERY ................................................................................................................ 33 OPPORTUNITIES ............................................................................................................................................................... 33 4.4.1 DEVELOPMENT OF THE COLD CHAIN MARKET IN EMERGING ECONOMIES .............................................................. 33 4.4.2 DEMAND FOR ORGANIC PRODUCTS ............................................................................................................................ 34 4.5 4.5.1 5.1 CHALLENGE ...................................................................................................................................................................... 34 BRANDING ISSUES ....................................................................................................................................................... 34 VALUE CHAIN ANALYSIS .................................................................................................................................................. 35 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 3 FORECAST TO 2028 5.1.1 RAW MATERIAL PROCUREMENT ................................................................................................................................. 36 5.1.2 PROCESSING ................................................................................................................................................................ 36 5.1.3 PACKAGING .................................................................................................................................................................. 36 5.2 SUPPLY CHAIN ANALYSIS ................................................................................................................................................ 37 5.3 PORTER’S FIVE FORCES MODEL ....................................................................................................................................... 38 5.3.1 THREAT OF NEW ENTRANTS ....................................................................................................................................... 38 5.3.2 BARGAINING POWER OF SUPPLIERS ........................................................................................................................... 39 5.3.3 BARGAINING POWER OF BUYERS ................................................................................................................................ 39 5.3.4 THREAT OF SUBSTITUTES ........................................................................................................................................... 39 5.3.5 INTENSITY OF RIVALRY................................................................................................................................................ 39 5.4 IMPACT OF COVID-19 OUTBREAK ON THE GLOBAL BAKERY PRODUCTS MARKET ........................................................ 39 5.4.1 IMPACT ON PRODUCTION ............................................................................................................................................ 39 5.4.2 IMPACT ON SUPPLY CHAIN ......................................................................................................................................... 40 5.4.3 IMPACT ON SALES (FOODSERVICE VS. FOOD RETAIL) ............................................................................................... 40 5.4.4 IMPACT ON PRICING .................................................................................................................................................... 40 5.4.5 IMPACT ON CONSUMER BUYING BEHAVIOR ............................................................................................................... 40 5.4.6 IMPACT ON STORE-BASED VS. NON-STORE-BASED SALES ........................................................................................ 41 5.5 LIST OF MAJOR MANUFACTURERS, BY PRODUCT TYPE................................................................................................. 41 6.1 OVERVIEW ......................................................................................................................................................................... 43 6.2 BREADS ............................................................................................................................................................................. 43 6.3 CAKES & PASTRIES ........................................................................................................................................................... 43 6.4 COOKIES & BISCUITS ........................................................................................................................................................ 43 6.5 BAGELS ............................................................................................................................................................................. 43 6.6 DONUTS............................................................................................................................................................................. 44 6.7 PIZZA & PIZZA CRUST ...................................................................................................................................................... 44 6.8 PIES & TARTS .................................................................................................................................................................... 44 6.9 BROWNIES......................................................................................................................................................................... 44 6.10 OTHERS ............................................................................................................................................................................. 44 6.10.1 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028......................... 46 7.1 OVERVIEW ......................................................................................................................................................................... 48 7.2 FRESH ............................................................................................................................................................................... 48 7.3 FROZEN ............................................................................................................................................................................. 48 7.3.1 8.1 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2019–2028 ................................ 49 OVERVIEW ......................................................................................................................................................................... 50 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 4 FORECAST TO 2028 8.2 FOOD RETAIL..................................................................................................................................................................... 50 8.3 FOODSERVICE ................................................................................................................................................................... 50 8.3.1 9.1 9.1.1 9.2 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019–2028 ......... 51 OVERVIEW ......................................................................................................................................................................... 53 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028...................................... 54 NORTH AMERICA .............................................................................................................................................................. 55 9.2.1 NORTH AMERICA BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 ................... 55 9.2.2 NORTH AMERICA BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028.......... 57 9.2.3 NORTH AMERICA BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2019–2028 ................. 59 9.2.4 NORTH AMERICA BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019–2028 ..................................................................................................................................................................................... 59 9.2.5 US.................................................................................................................................................................................. 61 9.2.6 CANADA ........................................................................................................................................................................ 64 9.2.7 MEXICO ......................................................................................................................................................................... 67 9.3 EUROPE ............................................................................................................................................................................. 70 9.3.1 EUROPE BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 .................................. 70 9.3.2 EUROPE BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 ........................ 72 9.3.3 EUROPE BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2019–2028 ................................ 74 9.3.4 EUROPE BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019–2028 ......... 74 9.3.5 GERMANY ..................................................................................................................................................................... 76 9.3.6 UK ................................................................................................................................................................................. 79 9.3.7 FRANCE......................................................................................................................................................................... 82 9.3.8 SPAIN ............................................................................................................................................................................ 85 9.3.9 ITALY............................................................................................................................................................................. 88 9.3.10 REST OF EUROPE.......................................................................................................................................................... 91 9.4 ASIA-PACIFIC .................................................................................................................................................................... 94 9.4.1 ASIA-PACIFIC BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 ......................... 94 9.4.2 ASIA-PACIFIC BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 ................ 96 9.4.3 ASIA-PACIFIC BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2019–2028 ....................... 98 9.4.4 ASIA-PACIFIC BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019–2028. 98 9.4.5 CHINA ........................................................................................................................................................................... 100 9.4.6 INDIA ............................................................................................................................................................................. 103 9.4.7 JAPAN ........................................................................................................................................................................... 106 9.4.8 AUSTRALIA & NEW ZEALAND ....................................................................................................................................... 109 9.4.9 REST OF ASIA-PACIFIC ................................................................................................................................................. 112 9.5 9.5.1 REST OF THE WORLD........................................................................................................................................................ 115 REST OF THE WORLD BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 ................ 115 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 5 FORECAST TO 2028 9.5.2 REST OF THE WORLD BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 ... 117 9.5.3 REST OF THE WORLD BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2019–2028 .......... 119 9.5.4 REST OF THE WORLD BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019– 2028............................................................................................................................................................................. 119 9.5.5 SOUTH AMERICA .......................................................................................................................................................... 121 9.5.6 MIDDLE EAST................................................................................................................................................................ 124 9.5.7 AFRICA .......................................................................................................................................................................... 127 10.1 COMPETITIVEOVERVIEW .................................................................................................................................................. 130 10.2 COMPETITIVE BENCHMARKING ....................................................................................................................................... 131 10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES............................................................................................................... 132 10.3.1 NEW PRODUCT LAUNCH .............................................................................................................................................. 132 10.3.2 MERGER & ACQUISITION .............................................................................................................................................. 132 11.1 GENERAL MILLS, INC. ....................................................................................................................................................... 134 11.1.1 COMPANY OVERVIEW .................................................................................................................................................. 134 11.1.2 FINANCIAL OVERVIEW ................................................................................................................................................. 135 11.1.3 PRODUCTS OFFERINGS ................................................................................................................................................ 135 11.1.4 KEY DEVELOPMENTS ................................................................................................................................................... 140 11.1.5 SWOT ANALYSIS........................................................................................................................................................... 141 11.1.6 KEY STRATEGIES .......................................................................................................................................................... 141 11.2 GRUPO BIMBO, S.A.B. DE C.V. .......................................................................................................................................... 142 11.2.1 COMPANY OVERVIEW .................................................................................................................................................. 142 11.2.2 FINANCIAL OVERVIEW ................................................................................................................................................. 142 11.2.3 PRODUCTS OFFERINGS ................................................................................................................................................ 143 11.2.4 KEY DEVELOPMENTS ................................................................................................................................................... 147 11.2.5 SWOT ANALYSIS........................................................................................................................................................... 148 11.2.6 KEY STRATEGIES .......................................................................................................................................................... 148 11.3 LANTMÄNNEN UNIBAKE ................................................................................................................................................... 149 11.3.1 COMPANY OVERVIEW .................................................................................................................................................. 149 11.3.2 FINANCIAL OVERVIEW ................................................................................................................................................. 149 11.3.3 PRODUCTS OFFERINGS ................................................................................................................................................ 150 11.3.4 KEY DEVELOPMENTS ................................................................................................................................................... 151 11.3.5 SWOT ANALYSIS........................................................................................................................................................... 151 11.3.6 KEY STRATEGIES .......................................................................................................................................................... 152 11.4 BRITANNIA INDUSTRIES LIMITED .................................................................................................................................... 153 11.4.1 COMPANY OVERVIEW .................................................................................................................................................. 153 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 6 FORECAST TO 2028 11.4.2 FINANCIAL OVERVIEW ................................................................................................................................................. 154 11.4.3 PRODUCTS OFFERINGS ................................................................................................................................................ 155 11.4.4 KEY DEVELOPMENTS ................................................................................................................................................... 155 11.4.5 SWOT ANALYSIS........................................................................................................................................................... 156 11.4.6 KEY STRATEGIES .......................................................................................................................................................... 156 11.5 BARILLA HOLDING S.P.A................................................................................................................................................... 157 11.5.1 COMPANY OVERVIEW .................................................................................................................................................. 157 11.5.2 FINANCIAL OVERVIEW ................................................................................................................................................. 157 11.5.3 PRODUCTS OFFERINGS ................................................................................................................................................ 158 11.5.4 SWOT ANALYSIS........................................................................................................................................................... 158 11.5.5 KEY STRATEGIES .......................................................................................................................................................... 159 11.6 MONDELEZ INTERNATIONAL, INC. ................................................................................................................................... 160 11.6.1 COMPANY OVERVIEW .................................................................................................................................................. 160 11.6.2 FINANCIAL OVERVIEW ................................................................................................................................................. 160 11.6.3 PRODUCTS OFFERINGS ................................................................................................................................................ 161 11.6.4 KEY DEVELOPMENTS ................................................................................................................................................... 161 11.7 ASSOCIATED BRITISH FOODS PLC ................................................................................................................................... 162 11.7.1 COMPANY OVERVIEW .................................................................................................................................................. 162 11.7.2 FINANCIAL OVERVIEW ................................................................................................................................................. 162 11.7.3 PRODUCTS OFFERINGS ................................................................................................................................................ 163 11.8 FINSBURY FOOD GROUP PLC ........................................................................................................................................... 164 11.8.1 COMPANY OVERVIEW .................................................................................................................................................. 164 11.8.2 FINANCIAL OVERVIEW ................................................................................................................................................. 164 11.8.3 PRODUCTS OFFERINGS ................................................................................................................................................ 165 11.9 PLADIS GLOBAL (UNITED BISCUITS) ................................................................................................................................ 166 11.9.1 COMPANY OVERVIEW .................................................................................................................................................. 166 11.9.2 PRODUCTS OFFERINGS ................................................................................................................................................ 166 11.9.3 KEY DEVELOPMENTS ................................................................................................................................................... 167 11.10 DUNKIN BRANDS............................................................................................................................................................... 168 11.10.1 COMPANY OVERVIEW .................................................................................................................................................. 168 11.10.2 FINANCIAL OVERVIEW ................................................................................................................................................. 168 11.10.3 PRODUCTS OFFERINGS ................................................................................................................................................ 169 12.1 REFERENCES..................................................................................................................................................................... 170 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 7 FORECAST TO 2028 TABLE 1 PRIMARY INTERVIEWS 25 TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 29 TABLE 3 LIST OF MAJOR MANUFACTURERS, BY PRODUCT TYPE 41 TABLE 4 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 46 TABLE 5 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 47 TABLE 6 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2019–2028 (USD BILLION) 49 TABLE 7 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 49 TABLE 8 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 51 TABLE 9 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 52 TABLE 10 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD BILLION) 54 TABLE 11 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES, BY REGION, 2019–2028 (MILLION TONS) 54 TABLE 12 NORTH AMERICA: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD BILLION) 55 TABLE 13 NORTH AMERICA: MARKET ESTIMATES, BY COUNTRY, 2019–2028 (MILLION TONS) 56 TABLE 14 NORTHE AMERICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 57 TABLE 15 NORTH AMERICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 58 TABLE 16 NORTH AMERICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 59 TABLE 17 NORTH AMERICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 59 TABLE 18 NORTH AMERICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 59 TABLE 19 NORTH AMERICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 60 TABLE 20 US: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 61 TABLE 21 US: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 62 TABLE 22 US: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 62 TABLE 23 US: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 63 TABLE 24 US: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 63 TABLE 25 US: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 63 TABLE 26 CANADA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 64 TABLE 27 CANADA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 65 TABLE 28 CANADA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 65 TABLE 29 CANADA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 66 TABLE 30 CANADA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 66 TABLE 31 CANADA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 66 TABLE 32 MEXICO: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 67 TABLE 33 MEXICO: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 68 TABLE 34 MEXICO: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 68 TABLE 35 MEXICO: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 69 TABLE 36 MEXICO: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 69 TABLE 37 MEXICO: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 69 TABLE 38 EUROPE: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD BILLION) 70 TABLE 39 EUROPE: MARKET ESTIMATES, BY COUNTRY, 2019–2028 (MILLION TONS) 71 TABLE 40 EUROPE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 72 TABLE 41 EUROPE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 73 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 8 FORECAST TO 2028 TABLE 42 EUROPE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 74 TABLE 43 EUROPE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 74 TABLE 44 EUROPE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 74 TABLE 45 EUROPE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 75 TABLE 46 GERMANY: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 76 TABLE 47 GERMANY: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 77 TABLE 48 GERMANY: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 77 TABLE 49 GERMANY: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 78 TABLE 50 GERMANY: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 78 TABLE 51 GERMANY: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 78 TABLE 52 UK: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 79 TABLE 53 UK: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 80 TABLE 54 UK: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 80 TABLE 55 UK: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 81 TABLE 56 UK: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 81 TABLE 57 UK: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 81 TABLE 58 FRANCE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 82 TABLE 59 FRANCE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 83 TABLE 60 FRANCE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 83 TABLE 61 FRANCE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 84 TABLE 62 FRANCE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 84 TABLE 63 FRANCE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 84 TABLE 64 SPAIN: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 85 TABLE 65 SPAIN: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 86 TABLE 66 SPAIN: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 86 TABLE 67 SPAIN: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 87 TABLE 68 SPAIN: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 87 TABLE 69 SPAIN: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 87 TABLE 70 ITALY: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 88 TABLE 71 ITALY: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 89 TABLE 72 ITALY: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 89 TABLE 73 ITALY: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 90 TABLE 74 ITALY: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 90 TABLE 75 ITALY: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 90 TABLE 76 REST OF EUROPE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 91 TABLE 77 REST OF EUROPE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 92 TABLE 78 REST OF EUROPE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 92 TABLE 79 REST OF EUROPE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 93 TABLE 80 REST OF EUROPE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 93 TABLE 81 REST OF EUROPE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 93 TABLE 82 ASIA-PACIFIC: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD BILLION) 94 TABLE 83 ASIA-PACIFIC: MARKET ESTIMATES, BY COUNTRY, 2019–2028 (MILLION TONS) 95 TABLE 84 ASIA-PACIFIC: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 96 TABLE 85 ASIA-PACIFIC: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 97 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 9 FORECAST TO 2028 TABLE 86 ASIA-PACIFIC: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 98 TABLE 87 ASIA-PACIFIC: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 98 TABLE 88 ASIA-PACIFIC: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 98 TABLE 89 ASIA-PACIFIC: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 99 TABLE 90 CHINA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 100 TABLE 91 CHINA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 101 TABLE 92 CHINA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 101 TABLE 93 CHINA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 102 TABLE 94 CHINA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 102 TABLE 95 CHINA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 102 TABLE 96 INDIA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 103 TABLE 97 INDIA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 104 TABLE 98 INDIA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 104 TABLE 99 INDIA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 105 TABLE 100 INDIA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 105 TABLE 101 INDIA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 105 TABLE 102 JAPAN: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 106 TABLE 103 JAPAN: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 107 TABLE 104 JAPAN: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 107 TABLE 105 JAPAN: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 108 TABLE 106 JAPAN: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 108 TABLE 107 JAPAN: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 108 TABLE 108 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 109 TABLE 109 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 110 TABLE 110 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 110 TABLE 111 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 111 TABLE 112 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 111 TABLE 113 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 111 TABLE 114 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 112 TABLE 115 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 113 TABLE 116 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 113 TABLE 117 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 114 TABLE 118 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 114 TABLE 119 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 114 TABLE 120 REST OF THE WORLD: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD BILLION) 115 TABLE 121 REST OF THE WORLD: MARKET ESTIMATES, BY COUNTRY, 2019–2028 (MILLION TONS) 116 TABLE 122 REST OF THE WORLD: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 117 TABLE 123 REST OF THE WORLD: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 118 TABLE 124 REST OF THE WORLD: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 119 TABLE 125 REST OF THE WORLD: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 119 TABLE 126 REST OF THE WORLD: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 119 TABLE 127 REST OF THE WORLD: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 120 TABLE 128 SOUTH AMERICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 121 TABLE 129 SOUTH AMERICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 122 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 10 FORECAST TO 2028 TABLE 130 SOUTH AMERICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 122 TABLE 131 SOUTH AMERICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 123 TABLE 132 SOUTH AMERICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 123 TABLE 133 SOUTH AMERICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 123 TABLE 134 MIDDLE EAST: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 124 TABLE 135 MIDDLE EAST: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 125 TABLE 136 MIDDLE EAST: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 125 TABLE 137 MIDDLE EAST: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 126 TABLE 138 MIDDLE EAST: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 126 TABLE 139 MIDDLE EAST: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 126 TABLE 140 AFRICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 127 TABLE 141 AFRICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) 128 TABLE 142 AFRICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) 128 TABLE 143 AFRICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) 129 TABLE 144 AFRICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 129 TABLE 145 AFRICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) 129 TABLE 146 NEW PRODUCT LAUNCH 132 TABLE 147 MERGER & ACQUISITION 132 TABLE 148 GENERAL MILLS, INC.: PRODUCTS OFFERINGS 135 TABLE 149 GENERAL MILLS, INC.: KEY DEVELOPMENTS 140 TABLE 150 GRUPO BIMBO, S.A.B. DE C.V.: PRODUCTS OFFERINGS 143 TABLE 151 GRUPO BIMBO, S.A.B. DE C.V.: KEY DEVELOPMENTS 147 TABLE 152 LANTMÄNNEN UNIBAKE: PRODUCTS OFFERINGS 150 TABLE 153 LANTMÄNNEN UNIBAKE: KEY DEVELOPMENTS 151 TABLE 154 BRITANNIA INDUSTRIES LIMITED: PRODUCTS OFFERINGS 155 TABLE 155 BRITANNIA INDUSTRIES LIMITED : KEY DEVELOPMENTS 155 TABLE 156 BARILLA HOLDING S.P.A.: PRODUCTS OFFERINGS 158 TABLE 157 MONDELEZ INTERNATIONAL, INC.: PRODUCTS OFFERINGS 161 TABLE 158 MONDELEZ INTERNATIONAL, INC.: KEY DEVELOPMENTS 161 TABLE 159 ASSOCIATED BRITISH FOODS PLC: PRODUCTS OFFERINGS 163 TABLE 160 FINSBURY FOOD GROUP PLC : PRODUCTS OFFERINGS 165 TABLE 161 PLADIS GLOBAL.: PRODUCTS OFFERINGS 166 TABLE 162 MONDELEZ INTERNATIONAL, INC.: KEY DEVELOPMENTS 167 TABLE 163 DUNKIN BRANDS: PRODUCTS OFFERINGS 169 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 11 FORECAST TO 2028 FIGURE 1 MARKET SYNOPSIS 15 FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL BAKERY PRODUCTS MARKET, 2020 16 FIGURE 3 GLOBAL BAKERY PRODUCTS MARKET ANALYSIS, BY PRODUCT TYPE, 2020 17 FIGURE 4 GLOBAL BAKERY PRODUCTS MARKET ANALYSIS, BY CATEGORY, 2020 18 FIGURE 5 GLOBAL BAKERY PRODUCTS MARKET ANALYSIS, BY DISTRIBUTION CHANNEL, 2020 19 FIGURE 6 GLOBAL BAKERY PRODUCTS MARKET ANALYSIS, BY REGION, 2020 20 FIGURE 7 GLOBAL BAKERY PRODUCTS MARKET: STRUCTURE 22 FIGURE 8 KEY BUYING CRITERIA FOR BAKERY PRODUCTS 23 FIGURE 9 RESEARCH PROCESS 24 FIGURE 10 TOP-DOWN & BOTTOM-UP APPROACHES 27 FIGURE 11 MARKET DYNAMIC ANALYSIS: GLOBAL BAKERY PRODUCTS MARKET 30 FIGURE 12 DRIVER IMPACT ANALYSIS 32 FIGURE 13 RESTRAINT IMPACT ANALYSIS 33 FIGURE 14 GLOBAL FROZEN BAKERY PRODUCTS MARKET: VALUE CHAIN 35 FIGURE 15 GLOBAL BAKERY PRODUCTS MARKET: SUPPLY CHAIN 37 FIGURE 16 PORTER'S FIVE FORCES ANALYSIS: GLOBAL BAKERY PRODUCTS MARKET 38 FIGURE 17 GLOBAL BAKERY PRODUCTS MARKET, BY PRODUCT TYPE, 2020 (% SHARE) 44 FIGURE 18 GLOBAL BAKERY PRODUCTS MARKET, BY PRODUCT TYPE, 2019–2028 (USD BILLION) 45 FIGURE 19 GLOBAL BAKERY PRODUCTS MARKET, BY CATEGORY, 2020 (% SHARE) 48 FIGURE 20 GLOBAL BAKERY PRODUCTS MARKET, BY CATEGORY, 2019–2028 (USD BILLION) 49 FIGURE 21 GLOBAL BAKERY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, 2020 (% SHARE) 50 FIGURE 22 GLOBAL BAKERY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) 51 FIGURE 23 GLOBAL BAKERY PRODUCTS MARKET, BY REGION, 2019–2028 (USD BILLION) 53 FIGURE 24 GLOBAL BAKERY PRODUCTS MARKET, BY REGION, 2020 (% SHARE) 53 FIGURE 25 NORTH AMERICA: BAKERY PRODUCTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 55 FIGURE 26 EUROPE: BAKERY PRODUCTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 70 FIGURE 27 ASIA-PACIFIC: BAKERY PRODUCTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 94 FIGURE 28 REST OF THE WORLD: BAKERY PRODUCTS MARKET SHARE, BY REGION, 2020 (% SHARE) 115 FIGURE 29 BENCHMARKING OF MAJOR COMPETITORS 131 FIGURE 30 GENERAL MILLS, INC.: FINANCIAL OVERVIEW SNAPSHOT 135 FIGURE 31 GENERAL MILLS, INC.: SWOT ANALYSIS 141 FIGURE 32 GRUPO BIMBO, S.A.B. DE C.V.: FINANCIAL OVERVIEW SNAPSHOT 142 FIGURE 33 GRUPO BIMBO, S.A.B. DE C.V.: SWOT ANALYSIS 148 FIGURE 34 LANTMÄNNEN GROUP: FINANCIAL OVERVIEW SNAPSHOT 149 FIGURE 35 LANTMÄNNEN UNIBAKE: SWOT ANALYSIS 151 FIGURE 36 BRITANNIA INDUSTRIES LIMITED: FINANCIAL OVERVIEW SNAPSHOT 154 FIGURE 37 BRITANNIA INDUSTRIES LIMITED: SWOT ANALYSIS 156 FIGURE 38 BARILLA HOLDING S.P.A.: FINANCIAL OVERVIEW SNAPSHOT 157 FIGURE 39 BARILLA HOLDING S.P.A.: SWOT ANALYSIS 158 FIGURE 40 MONDELEZ INTERNATIONAL, INC.: FINANCIAL OVERVIEW SNAPSHOT 160 FIGURE 41 ASSOCIATED BRITISH FOODS PLC: FINANCIAL OVERVIEW SNAPSHOT 162 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 12 FORECAST TO 2028 FIGURE 42 FINSBURY FOOD GROUP PLC : FINANCIAL OVERVIEW SNAPSHOT 164 FIGURE 43 DUNKIN BRANDS: FINANCIAL OVERVIEW SNAPSHOT 168 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 13 FORECAST TO 2028 EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 14 FORECAST TO 2028 The global bakery products market has witnessed rapid growth over the last few years and is projected to expand at a CAGR of 3.3% during the forecast period. Increasing consumer preference towards convenience foods is anticipated to act as a major driver in the growth of the global bakery products market during the forecast period. Additionally, the growth of the organized retail sector is expected to positively influence the sales of bakery products at the global level. However, frozen bakery products are not cost-efficient for the consumers, which is anticipated to restrict the growth of the market. The development of the cold chain industry in the emerging economies is expected to create a lucrative opportunity for the manufacturers of bakery products. FIGURE 1 MARKET SYNOPSIS MARKET SIZE ▪ 2020: USD 330.5 Billion ▪ 2028: USD 426.3 Billion CAGR% (2021–2028) ▪ 3.3% KEY GEOGRAPHIES ▪ North America: 28.25% ▪ Europe: 35.93% KEY COUNTRIES ▪ US ▪ Germany ▪ UK ▪ France MARKET SYNOPSIS KEY MARKET DRIVERS ▪ Rising Demand for Convenience Food ▪ Mounting Growth of Foodservice Industry ▪ Growth of the Organized Retail Sector in Asia-Pacific KEY MARKET OPPORTUNITIES ▪ Developing of the Cold Chain Market in Emerging Economies ▪ Demand for Organic Products KEY VENDORS ▪ General Mills, Inc. ▪ Grupo Bimbo, S.A.B. de C.V. ▪ Lantmännen ▪ Barilla Holding S.p.A. Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 15 FORECAST TO 2028 1.1 MARKET ATTRACTIVENESS ANALYSIS FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL BAKERY PRODUCTS MARKET, 2020 6.00% Asia-Pacific Europe CAGR (%) 4.00% Rest of the World North America 2.00% 0.00% - 20.0 40.0 60.0 80.0 100.0 120.0 140.0 Market Size (USD Billion) Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 16 FORECAST TO 2028 1.1.1 GLOBAL BAKER Y PR ODUCTS MAR KET, BY PR ODUCT TYPE FIGURE 3 GLOBAL BAKERY PRODUCTS MARKET ANALYSIS, BY PRODUCT TYPE, 2020 4.56% Breads 4.55% 10.05% Cakes & Pastries 29.01% Cookies & Biscuits Bagels 6.13% Donuts 7.91% Pizza & Pizza Crust 7.33% Pies & Tarts 16.36% Brownies 14.08% Others Market Size (USD Billion) 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 Breads Cakes & Pastries Cookies & Biscuits Bagels Donuts Pizza & Pizza Crust Pies & Tarts Brownies Others 2019 92.5 52.4 45.2 23.8 25.6 19.9 32.4 14.9 14.9 2020 95.9 54.1 46.5 24.2 26.2 20.3 33.2 15.1 15.0 2021 99.5 55.8 47.9 24.7 26.8 20.7 34.1 15.3 15.2 2028 132.3 71.8 60.4 29.2 32.6 24.1 42.2 17.1 16.7 Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 17 FORECAST TO 2028 1.1.2 GLOBAL BAKER Y PR ODUCTS MAR KET, CATEGOR Y FIGURE 4 GLOBAL BAKERY PRODUCTS MARKET ANALYSIS, BY CATEGORY, 2020 35.20% Fresh Frozen 64.80% Market Size (USD Billion) 300.0 250.0 200.0 150.0 100.0 50.0 0.0 Fresh Frozen 2019 208.0 113.5 2020 214.2 116.3 2021 220.8 119.3 2028 280.3 146.0 Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 18 FORECAST TO 2028 1.1.3 GLOBAL BAKER Y PR ODUCTS MAR KET, DISTR IBUTION CHANNEL FIGURE 5 GLOBAL BAKERY PRODUCTS MARKET ANALYSIS, BY DISTRIBUTION CHANNEL, 2020 31.46% Food Retail Foodservice 68.54% Market Size (USD Billion) 350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0 Food Retail Foodservice 2019 219.9 101.6 2020 226.5 104.0 2021 233.6 106.5 2028 297.3 129.0 Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 19 FORECAST TO 2028 1.1.4 GLOBAL BAKER Y PR ODUCTS MAR KET, BY R EGION FIGURE 6 GLOBAL BAKERY PRODUCTS MARKET ANALYSIS, BY REGION, 2020 Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 20 FORECAST TO 2028 2.1 DEFINITION Bakery products are rich in fats, sugar, and sometimes nuts & fruits, which increases their nutritional value and energy content. Moreover, advancement in food processing technology has enabled manufacturers to introduce innovative products with better taste, appearance, and enhanced nutritive value, which is expected to support the growth of the baked food products market during the forecast period. 2.2 SCOPE OF THE STUDY The scope of the global bakery products market study includes the market size analysis and a detailed analysis of the manufacturers’ products and strategies. The market has been segmented based on product type, category, distribution channel, and region. 2.3 RESEARCH OBJECTIVE To provide a comprehensive analysis of the bakery products industry and its sub-segments in the global market, thereby providing a detailed structure of the industry To provide detailed insights into factors driving and restraining the growth of the global bakery products market To estimate the market size of the global bakery products market where 2019 would be the historical year, 2020 shall be the base year, and 2021 to 2028 will be the forecast period for the study To analyze the global bakery products market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World To provide country-wise market value analysis for various segments of the bakery products market To provide strategic profiling of key companies (manufacturers and distributors) present across the globe and comprehensively analyze their competitiveness/competitive landscape in this market To provide a distribution chain analysis/value chain for the global bakery products market EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 21 FORECAST TO 2028 2.4 MARKET STRUCTURE FIGURE 7 GLOBAL BAKERY PRODUCTS MARKET: STRUCTURE BY PRODUCT TYPE • Breads ➢ Standard Bread ➢ Brioche ➢ Burger Bun BY CATEGORY BY DISTRIBUTION CHANNEL • Fresh • • Frozen ➢ Supermarkets & Hypermarkets Food Retail ➢ Convenience Stores ➢ Hot Dog Bun ➢ Tortilla ➢ In-Store Bakery ➢ Flat Bread ➢ Online ➢ Others ➢ Others • Cakes & Pastries • BY REGION • North America • Europe • Asia Pacific • Rest of the World (ROW) Foodservice ➢ Angel Food Cake ➢ Layer Cake ➢ Panettone ➢ Cup Cake ➢ Mug Cake ➢ Muffins ➢ Others • Cookies & Biscuits • Bagels • Donuts • Pizza & Pizza Crust • Pies & Tarts • Brownies • Others Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 22 FORECAST TO 2028 2.5 KEY BUYING CRITERIA FIGURE 8 KEY BUYING CRITERIA FOR BAKERY PRODUCTS Source: Secondary Research and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 23 FORECAST TO 2028 3.1 RESEARCH PROCESS Market Research Future analysis is based on interviews with industry experts who offer insight into the market structure, market segmentation, technology assessment, competitive landscape (CL), market penetration, and emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on years of professional expertise in their respective industries. Our analysts also predict where the market will be headed in the next five to 10 years by analyzing historical trends and the current market position. Furthermore, the varying trends in segments and categories in each region are studied and estimated based on primary and secondary research. FIGURE 9 RESEARCH PROCESS RESEARCH PROCESS BUSINESS OBJECTIVE 1ST LEVEL FILTER DATA COLLECTION FILTER PARAMETERS To understand the various factors that can influence the market outlook in terms of preference via: ▪ Global Production ▪ Market Drivers ▪ Price Trends ▪ Realizations WEB SEARCH EXPERTS AND CONSULTANTS Information has been collected from secondary domains, journals, news articles, and published white papers. Industry experts and relevant consultants have been contacted to provide market intelligence information and to validate the findings. REPORT EXECUTION 2ND LEVEL FILTER ANALYSIS The final report has been prepared based on the analysis of the data collected and interaction with primary experts. Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 24 FORECAST TO 2028 TABLE 1 PRIMARY INTERVIEWS Manufacturers Retailers Consumers Total Number of Primary Interviews North America 45% 25% 30% 100 Europe 45% 25% 30% 100 Asia-Pacific 25% 25% 50% 50 Rest of the World 30% 20% 50% 50 Region 3.2 PRIMARY RESEARCH Extensive primary research was conducted to gain a deeper insight into the market and the industry performance. For this particular report, we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers, among others) of the major players active in the market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed in the next five years. PRIMARY RESEARCH QUANTITATIVE DATA QUALITATIVE DATA OBSERVATION • Personal Interviews • Focus Groups • Natural • Telephonic Calls, E-Mails • Individual Interviews • Contrived • In-House Discussions • Mechanical • Indirect • Recorded EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 25 FORECAST TO 2028 3.3 SECONDARY RESEARCH Secondary research was mainly used to collect and identify information useful for an extensive, technical, market-oriented, and commercial study of the global bakery products market. It was also used to obtain key information about major players, market classification, and segmentation according to industry trends, geographical markets, and developments related to the market and technology. For this study, analysts have gathered information from various credible sources such as annual reports, SEC filings, journals, white papers, corporate presentations, company websites, international organizations of food & beverages manufacturers, and paid databases. SECONDARY RESEARCH INTERNAL SOURCES EXTERNAL SOURCES • In-House Research • Government Sites, Publications • In-House Published Reports • Industry Publications • Sales Results, Marketing Activity • Trade Associations • Customer Feedback • Periodicals, Journals • Company Sites, Annual Reports EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 26 FORECAST TO 2028 3.4 MARKET SIZE ESTIMATION Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of the overall bakery products market. The key players in the market were identified through secondary research, and their market contributions in the respective regions were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market have been covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data. This data has been consolidated and detailed inputs and analysis added by Market Research Future before being presented in this report. The following figure is an illustrative representation of the overall market size estimation process employed for the purpose of this study. FIGURE 10 TOP-DOWN & BOTTOM-UP APPROACHES BOTTOM-UP Global Bakery Products Market Global Bakery Products Market by Product Type, Category, Distribution Channel, and Region Each market will be extrapolated to the country-level based on the market share Percentage split on the market to derive the market for each segment The market share and revenue of various players operating in the global bakery products market will be derived through primary and secondary research Percentage split on the market to derive the market for each sub-segment TOP-DOWN Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 27 FORECAST TO 2028 3.5 FORECAST MODEL MARKET FORECAST MARKET SHARE ▪ Historical and Current Data ▪ Supply Chain Analysis INDUSTRY TRENDS ▪ Customer Analysis ▪ Market and Competitive Intelligence ▪ Price Info COMPANY DEVELOPMENTS ▪ Market Info ▪ Market Size INFLUENCING FACTORS ▪ Forecast Indicators and Analysis Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 28 FORECAST TO 2028 3.6 LIST OF ASSUMPTIONS & LIMITATIONS TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS Parameter Assumptions & Limitations All forecasts have been made with the revenue and value calculated under the standard assumption that the value of the globally accepted currency, the US dollar, remains constant Currency Value over the next five years. Exchange Rates and Currency For the conversion of various currencies to USD, the average historical exchange rates have been used according to the year specified. For all historical and current exchange rates required for calculations and currency conversions, the OANDA website has been used in Conversion this research study. For niche market segments where accurate data of the respective timeline was not available, Niche Market Segments the data were calculated using trend line analysis. In some instances, where mathematical and statistical models could not be applied to arrive at the number, a generalization of specific related trends to that particular market has been made. Qualitative Analysis The qualitative analysis is arrived at from the quantitative data based on the understanding of the market and its trends by the team of experts involved in making this report. The ASP, wherever applicable, was calculated using suitable statistical and mathematical Average Selling Prices (ASP) methods and considering external qualitative factors affecting the price. All the calculations are interconnected based on the finalized ASPs. Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 29 FORECAST TO 2028 4.1 OVERVIEW The global bakery products market has witnessed significant growth over the last few years and is projected to register a 7.50% CAGR during the forecast period. The key drivers fueling the growth of the global bakery products market are the rising demand for convenience food, growth of the foodservice industry, and the rapid growth of the organized retail sector in Asia-Pacific. However, the high price of the frozen bakery products is set to curb the growth of the global bakery products market. Nevertheless, the increasing investments in the cold chain market in developing countries and the growing demand for organic products are expected to create lucrative opportunities for players operating in the global bakery products market during the forecast period. FIGURE 11 MARKET DYNAMIC ANALYSIS: GLOBAL BAKERY PRODUCTS MARKET DRIVERS RESTRAINT ▪ Rising Demand for Convenience Food ▪ Mounting Growth of Foodservice Industry ▪ Growth of the Organized Retail Sector in Asia-Pacific ▪ High Product Cost of Frozen Bakery DROC ANALYSIS OPPORTUNITIES CHALLENGE ▪ Branding Issues ▪ Developing of the Cold Chain Market in Emerging Economies ▪ Demand for Organic Products Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 30 FORECAST TO 2028 4.2 4.2.1 DRIVERS R ISING DEMAND F OR CONVENIENCE F OOD The changing lifestyles, evolving dietary patterns, and availability of convenience food are factors that play an important role in defining the consumer’s food choices. The growing trend of consuming convenience food began in the western world and rapidly spread to other regions across the globe. Consumers prefer convenience foods as they are easy to consume and have nutritional value, variety, and product appeal. Due to changing lifestyles, consumers are spending less time planning and cooking meals at home, as they consider preparing food at home to be a time and energy-consuming process. The increasing consumption of convenience food is driven by the need to create more leisure time, which means that consumers look for options that would help them maximize their free time, doing the things they value more. This, along with the increasing per capita disposable income, is expected to increase the demand for bakery products. Moreover, consumption of frozen bakery products is increasing across the globe. Frozen consumables are considered convenient as there is no need to put in a lot of effort to make these products edible. Bakery products can be prepared by simply heating the product in a microwave or oven. Thus, the rising demand for convenience food is expected to drive the growth of the global bakery products market during the review period. 4.2.2 MOUNTING GR OW TH OF F OODSER VICE INDUSTR Y The foodservice industry refers to hotels, restaurants, and cafes. The growing hectic lifestyle and tight schedules of consumers have led to increasing demand for ready-to-eat food products and out-of-home eating. In several parts of the globe, where people are working almost throughout the day, they tend to consume convenience food to save time and money. The HoReCa industry is growing across the globe, especially in developing countries such as China and India. The trend of dining out is gaining popularity, and people are opting to eat out at least four to five times a week. As per MRFR analysis, the trend of dining out in developing countries is expected to surpass the trend in developed countries such as the UK, France, and Italy. The increasing adoption of a new culture, awareness about global trends, eagerness to experiment with new food & beverage choices, and changing lifestyles are the major factors driving the growth of the HoReCa industry. In the US, according to the National Restaurant Association, the projected sales of the restaurant industry in 2020 is likely to be USD 899 billion. Similarly, the Federation of Indian Chambers of Commerce and Industry (FICCI) has stated that the Indian foodservice industry is expected to register a CAGR of 10% from 2017 to 2022. Hence, the expansion of the foodservice industry, in both developed and developing countries, is driving the growth of the global bakery products market. 4.2.3 GR OWTH OF THE OR GANIZED R ETAIL SECTO R IN ASIA-PACIFIC Disposable income includes the personal per capita income of households left after income taxes and is available for spending and saving. The increasing per capita disposable income increases consumer buying power and their willingness to pay. Asia-Pacific is considered as the engine of global growth and offers excellent growth prospects for the bakery products market. Healthy economic growth and rising income levels are likely to boost the demand for bakery products. Additionally, the rising middle-class population in Asia-Pacific is raising customer expectations, which is resetting the strategic imperatives of industrial manufacturers operating in the regional bakery products market. Rapid economic growth, a rising mid-income population, and high migration rates from rural to urban areas have led to an influx of international retailers in Asia-Pacific. This has encouraged the expansion of existing retail outlets in countries such as India and China, driving the growth of the regional bakery products market. Online retailing is trending for food products across the region. With instant access to catalogs and price lists, customers have a clear idea of the products available, which simplifies purchasing decisions. Online retailers are capturing a large portion of the market share from brick and mortar retailers as consumers are increasingly inclined toward online shopping to minimize shopping time. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 31 FORECAST TO 2028 India is a major Asian economy where the trend of one-stop shops and modern retailing has been growing at a rapid pace. According to the India Brand Equity Foundation (IBEF), the retail space in India, in terms of carpet area, is increased by 81% from 2017 and reached 7.8 million sq. ft. by the end of 2018. Moreover, the retail market in India is expected to grow by 60% and reach USD 1.1 trillion by the end of 2020 due to the rising per capita incomes, increased digital connectivity, and lifestyle changes of the middle-income population. Online retail in India is also projected to rival brick and mortar stores, reaching USD 17.8 billion in 2017, which an increase of 23% from the previous year. Furthermore, in December 2018, China’s online retail turnover was reported at CNY 9,006.497 billion (approximately USD 1,360.51 billion). This was a record increase from the previous year, which stood at CNY 7,175.07 billion (USD 1,061.90 billion). Thus, the growth of the organized retail sector in Asia-Pacific is expected to drive the growth of the global bakery products market during the forecast period. FIGURE 12 DRIVER IMPACT ANALYSIS 2017–2018 2019–2020 2021–2028 DRIVERS IMPACT Rising Demand for Convenience Food Mounting Growth of Foodservice Industry Growth of the Organized Retail Sector in Asia-Pacific HIGH MEDIUM LOW Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 32 FORECAST TO 2028 4.3 4.3.1 RESTRAINT HIGH PR ODUCT COST OF FR OZEN BAKER Y Frozen bakery products are generally costlier compared to fresh bakery products. The manufacturers of frozen bakery products are pricing their products higher as compared to fresh bakery products owing to the costly production and storage process. Furthermore, these are not the only products available in the global market. Consumers can opt for other types of convenience foods, which are healthier in comparison to frozen bakery products. The oligopolistic market includes individual producers that are involved in price wars and charging prices according to their choice. Thus, the high product cost is expected to reduce the product demand and restrict the growth of the frozen bakery products market hampering the overall growth of bakery products market during the forecast period. FIGURE 13 RESTRAINT IMPACT ANALYSIS RESTRAINT 2017–2018 2019–2020 2021–2028 IMPACT High Product Cost of Frozen Bakery HIGH MEDIUM LOW Source: MRFR Analysis 4.4 4.4.1 OPPORTUNITIES DEVELOPMENT OF THE COLD CHAIN MAR KET IN EMER GING ECONOMIES Liberalization, globalization, and growth of international trade, coupled with government support towards infrastructure development for the cold chain sector, are factors that have created growth and investment opportunities in multiple markets. The cold chain logistics market in developing countries is dynamic and constantly evolving. Due to the current demand-supply gap in the global market, the fragmented cold chain logistics market offers ample opportunities for new entrants to enter the market. Furthermore, cold storage is also a crucial factor and key component of food trade in various countries. Operations in the cold chain market have substantially improved in recent decades. The market has been offering services for a wide range of products, which require storage at certain temperature levels to maintain integrity throughout the transport chain. The development of the cold chain market in emerging economies has led to the establishment of a proper logistical process to maintain shipment integrity and has enabled the food industry to take advantage of global variations. This is expected to create a growth opportunity for the players operating in bakery products market to enter the frozen bakery products market during the forecast period. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 33 FORECAST TO 2028 4.4.2 DEMAND FOR OR GANIC PR ODUCTS Consumer awareness regarding the environmental and health impact of chemicals in food items. Due to the increasing awareness regarding the negative impact that chemicals can have on human health, consumers increasingly prefer organically cultivated and processed products. Thus, the global demand for organically produced products is growing rapidly. Along with North America and Europe, the adoption of organic food products is increasing in Asia-Pacific and the Middle East & Africa. Consumers in these regions are becoming aware of the benefits of organic bakery products, which creates a lucrative opportunity for the producers of bakery products. Many key manufacturers, including Vandemoortele NV, are trying to tap into this pool of opportunities by investing in R&D and launching innovative products. 4.5 4.5.1 CHALLENGE BR ANDING ISSUES When it comes to food, consumers’ spending behavior is determined by their loyalty towards certain brands. Generally, consumers prefer brands that are recognizable and popular. The bakery products market is fragmented, and consumers usually prefer branded bakery products over non-branded ones, which creates a challenge for new market players to establish themselves. The increasing instances of government bodies relaxing custom and excise duties on machinery and transport equipment associated with frozen processed food production has led to a reduction in the cost of supply chain operations, which, in turn, is expected to attract national and international brands to enter various product categories. However, the new players need significant capital investments to set up their brand and position their product in a way that draws consumer attention. Thus, branding issues are expected to create a challenge for players operating in the global bakery products market during the forecast period. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 34 FORECAST TO 2028 5.1 VALUE CHAIN ANALYSIS The value chain analysis is a strategic tool used to analyze the internal activities of firms. Its goal is to recognize which activities are the most valuable—the source of cost or differentiation advantage—to the firm and which ones could be improved to provide a competitive advantage. By looking into internal activities, the analysis reveals where a firm’s competitive advantages or disadvantages lie. The firm that competes through a differentiation advantage would try to perform better than its competitors. If it competes through cost advantage, it will try to carry out its internal activities at lower costs than the competitors. When a company can produce goods at lower costs than the market price or providing superior products, it earns profits. The value chain analysis helps firms divide their various business activities into primary and support activities and analyze them, keeping in mind their contribution toward value creation to the final product. To this end, the inputs consumed by the activity and output generated are studied to decrease costs and increase differentiation. The bakery products can be categorized as fresh and frozen, and their manufacturing process differ from one another. However, we have provided a detailed value chain of frozen bakery products. FIGURE 14 GLOBAL FROZEN BAKERY PRODUCTS MARKET: VALUE CHAIN Value Addition to the Price of the Product 0%–30% 31%–85% 86%–100% Raw Material Procurement Processing Packaging Wheat/Rye/Rice/Barley/ Oats/Corn Flour Palm Oil Weighing Boxes Blending Bags Proofing/ Molding Milk & Egg Ingredients Cutting Flavoring & Fragrance Ingredients Baking Fruits & Vegetables Freezing Starch Derivatives Frozen Bakery Products Pouches Tubs Source: MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 35 FORECAST TO 2028 5.1.1 R AW MATER IAL PR OCUR EMENT The main raw materials required to produce frozen bakery products are wheat/rye/rice/barley/oats/corn flour, palm oil, milk & egg ingredients, flavoring & fragrance ingredients, fruits & vegetables, and starch derivatives. The raw materials are mainly procured from millers and suppliers. Post procurement, the raw materials are sent for quality checks to ensure high product quality. This process delivers up to 30% value to the product as the quality of the raw material determines the quality of the final product. 5.1.2 PR OCESSING Once the raw materials are procured from suppliers and transported to the processing plant, the ingredients undergo various processes to formulate the final product. The processing of any product accounts for the largest share, up to 31%–85%, of the overall value chain. Each level of processing is closely monitored to obtain a high-quality product. During the production process, most quality control procedures are carried out by manufacturers. The final products are checked for composition accuracy and quality and then sent for packaging. The major process carried out during the production is freezing. The blast freezing method is commonly used in bakery industries to extend the products shelf life and maintain its freshness, safety, and physicochemical stability. In this process, the product is exposed to low temperatures to remove its latent and sensible heat of fusion. This process stops all the chemical reactions, thus damages less to the product texture. 5.1.3 PACKAGING Packaging is a crucial step in the value chain of any product. The packaging of frozen bakery products protects its quality and is crucial in maintaining its desired shape. Frozen bakery products are distributed to the end users through bulk packaging and retail packs. The appropriate packaging is done based on the type of frozen bakery product. The value of this segment is nearly 86% to 100%. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 36 FORECAST TO 2028 5.2 SUPPLY CHAIN ANALYSIS The supply chain includes the activities and players involved in the production and distribution of a commodity, right from the procurement of raw materials to the final delivery of the product to end users. It is a system of managing the flow of goods and services from the point of origin to the point of consumption. It is an integrated method of transforming resources, raw materials, and components into the final product, ready to be delivered to the customer. FIGURE 15 GLOBAL BAKERY PRODUCTS MARKET: SUPPLY CHAIN UPSTREAM Raw Material Procurement Procurement, Sourcing, and Storage DOWNSTREAM Quality Check and Inspection Processing Unit Transport, Storage, and Trade End Use ▪ In-House/ 3P Logistics ▪ Suppliers ▪ Millers ▪ In-House Logistics ▪ 3P Logistics ▪ Primary and Secondary Processing ▪ Packaging Source: MRFR Analysis The above diagram depicts the various stages involved in the distribution of bakery products. The raw materials used in the production of bakery products are received from the suppliers and millers. It is then sent to the processing plants where they are tested for quality. The raw material then undergoes a series of steps. The final product, i.e., bakery products, are then sent directly to the various suppliers to be distributed to the end customers for consumption. Key market players focus on various factors, with quality checks being of utmost importance, as the products are subject to stringent regulations. The sale of bakery products involves the flow of the product through a given channel from the manufacturer to the end users/market. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 37 FORECAST TO 2028 5.3 PORTER’S FIVE FORCES MODEL Michael Porter’s Five Forces model offers a framework to study the global bakery products market. Strategic business managers, trying to gain an edge over competing firms in the global bakery products market, can utilize this model to better comprehend the industry in which the company operates. The components of each of the forces and the degree of impact of each element in the context of the global bakery products market have been broken down and analyzed. FIGURE 16 PORTER'S FIVE FORCES ANALYSIS: GLOBAL BAKERY PRODUCTS MARKET Threat of New Entrants (Moderate) Bargaining Power of Suppliers (Low) Threat of Substitutes (Low) Bargaining Power of Buyers (High) Intensity of Rivalry (High) Source: MRFR Analysis 5.3.1 THR EAT OF NEW ENTR ANTS Several established players operate in the global bakery products market, which makes it difficult for new entrants to compete with established brands in the market. Additionally, new players need to invest heavily in creating a brand name through promotion and marketing. However, the barriers to enter the market are not very high, and the initial investments required to start a bakery brand are moderate. The easy availability of raw materials also increases the chances of new entrants. Hence, the threat of new entrants in the global bakery products market is expected to be moderate during the forecast period. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 38 FORECAST TO 2028 5.3.2 BAR GAINING POWER OF SUPPLIER S The raw material suppliers in the global bakery products market are food & beverage manufacturers and millers. The bakery products manufacturers have the liberty to shift between suppliers as they are not dependent on a single supplier, which reduces their operational risks. Furthermore, the presence of several suppliers reduces the switching costs among the manufacturers. The limited scope of product differentiation also reduces the bargaining power of the suppliers. Hence, the bargaining power of suppliers in the global bakery products market is expected to be low during the forecast period. 5.3.3 BAR GAINING POWER OF BUYER S The bargaining power of buyers is the pressure consumers exert on manufacturers to offer high-quality products at low prices. Owing to the presence of several established industry players in the market, the buyers have the option of choosing between several brands, which reduces their switching costs and, consequently, increases the bargaining power of buyers. Moreover, consumers usually tend to experiment with new products in the market and often change their preferences, which increases their bargaining power. Hence, the bargaining power of buyers in the global bakery products market is expected to be high during the forecast period. 5.3.4 THR EAT OF SUBSTITUTES There is no direct substitute for bakery products. There is a certain degree of internal substitution in the market due to the choices available to the consumers for the types of bakery products. Also, there can be internal substitution among the fresh and frozen category of bakery products. Also, as the general population is becoming increasingly health conscious, they are opting for glutenfree bakery products over the conventional bakery products. Thus, there are several choices for internal substitution in the market but the threat of substitution for overall bakery products market is low Hence, the threat of substitutes in the global bakery products market is expected to be low during the forecast period. 5.3.5 INTENSITY OF R IVALR Y The bakery products market is a highly competitive market that is marked with fierce rivalry among the players in terms of product quality, variety, and pricing. The mature and stagnant market for bakery products is forcing the market players to emphasize on innovation in terms of health claims and product quality to expand their customer base. Many manufacturers are focusing on reducing production costs to compete in the cut-throat market. They are also engaged in strategic expansions to strengthen their businesses worldwide and survive in the market. Hence, the rivalry in the global bakery products market is expected to be high during the forecast period. 5.4 IMPACT OF COVID-19 OUTBREAK ON THE GLOBAL BAKERY PRODUCTS MARKET The advent of the global COVID-19 pandemic resulted in a global crisis. Impacting over 213 countries, the pandemic created an economic backdrop worldwide and caused a chaotic environment, thereby resulting in the advent of global rescission. Few impacts of the outbreak of COVID-19 on the global bakery products market have been discussed below. 5.4.1 IMPACT ON PR ODUCTION The production of bakery products starts with the procurement of raw materials such as flour, starches, baking soda, palm oil, milk & egg ingredients, flavoring & fragrance ingredients, fruits & vegetables meat, sugar, salt, vegetables, and many more. Among these raw materials, some are produced by suppliers and distributors. As a measure to limit the spread of coronavirus, various governments across the world have restricted the gathering of more than ten people in a closed space, and many small to large manufacturers were ordered to shut their production facilities. Due to the urgent measures taken across the globe, the sourcing of raw material was bit difficult. Procurement of raw materials have become a cause of concern for the manufacturers owing to COVID-19 impact to logistics. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 39 FORECAST TO 2028 To fight the pandemic, the whole world was under lockdown and thus, there were some urgent measures taken by the government of various countries such as physical distancing and limitation on transportation to fight surge ability. The worldwide lockdown has certainly affected the production of bakery products. Following state and regional guidelines, manufacturers have implemented extensive measures to protect the health and safety of their employees. Many global manufacturers temporarily closed their operation or limited the production capacity of their products. Also, in the early period of crisis, manufacturers were majorly dependent on inventory. This scenario has also affected the manufacturers financially and they are strategizing their operations to survive the pandemic with minimal losses 5.4.2 IMPACT ON SUPPLY CHAIN As the global economy struggles with the pandemic situation, its impact on the global trade and supply chain is growing owing to the rapid weakening of global investment flows. Strict containment measures imposed by governments of various countries and preventive measures to control the impact of the outbreak have led to a significant restriction in transportation, driving a knock-on effect globally. Transportation is crucial in the supply chain of any market, as it is responsible for transferring raw materials to manufacturers and then distribute the final product from the manufacturers to the retail market. The pandemic had brought the transportation of goods to a near halt across the globe to stop the spread of the virus. The supply chain of bakery products mainly includes hypermarkets and supermarkets, convenience stores, specialty stores, and ecommerce linked logistic suppliers, and foodservice. In these unprecedented times, low working efficiency and lockdowns in various parts of regions have witnessed delays in the delivery of products. Many logistics companies were operating at low efficiency with very few working staff, which led to the disruption in the supply chain. The low efficiency of delivery systems of e-commerce websites and logistic companies and disruptions in international and modern trade have severely impacted the supply-chain of the bakery products market. Furthermore, as we move through this global crisis, most retailers and manufacturers are developing strong action plans and strategies for when stability returns, to ensure their relevance in the marketplace. 5.4.3 IMPACT ON SALES (F OODSER VICE VS. F OOD R ETAIL) The outbreak of COVID-19 has negatively impacted the food service and food retail industry. However, according to MRFR analysis, the food service industry is anticipated to get adversely affected in the next couple of months. The food service industry includes hotels, restaurants, cafes (HoReCa), bars & pubs, and catering services. It accounts for a significant share of the bakery products market. With mandatory closure of all these types of services due to the COVID-19 outbreak across the globe, the demand for bakery products from the food service industry is anticipated to drastically fall for certain period of time. Even after the outbreak normalizes, the food service industry is expected to take some time to bounce back as many individuals will restrain themselves and avoid public gatherings with the fear of getting infected. Food retail, on the other hand, is expected to grow for a specified period. 5.4.4 IMPACT ON PR ICI NG The prices of bakery products are not impacted by the COVID-19 outbreak, but it is estimated that the prices will spike post lockdown. The manufacturers are expected to increase the prices of bakery products owing to the increase in operational and raw material costs and to overcome the losses caused due to the pandemic. Furthermore, many manufacturing companies have been prompted to shut down owing to the unpredictable nature of the pandemic. This has resulted in lesser manufacturing companies operating in the bakery products market, which will further hike the prices of bakery products. 5.4.5 IMPACT ON CONSUMER BUYING BEHAVIOR The outbreak of COVID-19 has created a panic situation among the consumers, with temporary closures of retail stores in an attempt to slow the spread of the virus. This led to panic purchasing among the consumers as they got involved in pantry stockpiling longershelf food products such as bakery products. The urgent measures taken by various countries and the increasing population working from home has created an upward trend for bakery products sales. However, as the restrictions have started easing in several EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 40 FORECAST TO 2028 countries, customers are getting easy access to the daily essentials, so the panic buying stopped. During the pandemic, the demand for bakery products increased, owing to the growing trend of convenience foods. 5.4.6 IMPACT ON STOR E- BASED VS. NON - STOR E-BASED SALES With the closure of store-based distribution channels such as supermarkets, hypermarkets, and specialty stores during pandemic, consumers are turning their focus towards non-store-based distribution channels such as online/e-commerce channels. The bakery products manufacturers with inventories and shipment operations are selling their products through online channels. Moreover, countries that eased the lockdown are also seeing a gradual fall in the sales of bakery products through retail stores, owing to the low consumer traffic. 5.5 LIST OF MAJOR MANUFACTURERS, BY PRODUCT TYPE TABLE 3 LIST OF MAJOR MANUFACTURERS, BY PRODUCT TYPE Product Type Manufacturer’s List • Grupo Bimbo • Aryzta • Lewis Bakeries • Campbell Soup Co. Bread • Flowers Food • United States Bakery (Franz Bakery) • Yamazaki Baking Co. Ltd. • Associated British Foods Plc • Britannia Industries Ltd. • Kraft Heinz Co. • Hershey Co. • Monginis Cakes & Pastries • mio amore • Finsbury Food Group • Pepperidge Farm • Kellogg • Parle Products • Mondlez Inc. Cookies & Biscuits • Nestle • Mrs. Fields Original Cookies • Quaker • Biscuit International Pizza & Pizza Crust • Baker’s Quality Pizza Crusts, Inc. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 41 FORECAST TO 2028 • Alive & Kickin' Pizza Crust • Tomanetti Food Products LLC • Rizzuto Foods • Monte Pizza Crust B.V. • B&G Foods Inc. • Hansen Foods LLC. • Krispy Kreme • Tim Hortons • Honey Dew Donuts • Daylight Donuts Donuts • Top Pot Doughnuts • LaMar's Donuts • Shipley Do-Nuts • Betty Crocker • Pillsbury • The Hershey Company Brownies • Duncan Hines • Ghirardelli Chocolate Company • Patties Foods • Wrights Food Group Ltd Pies & Tarts • General Mills, Inc. • George Weston Ltd. • Einstein Bros Bagels • Bimbo Bakeries (Sara Lee) • Flowers Food Bakeries LLC (Nature’s Own) Bagels • Campbell soup Co. (Pepperidge Farm) • Boulder Brands (Udi’s) • Lender’s Bagels Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 42 FORECAST TO 2028 6.1 OVERVIEW Based on product type, the global bakery products market has been segmented into breads, cakes & pastries, cookies & biscuits, bagels, donuts, pizza & pizza crust, pies & tarts, brownies, and others. The breads segment is further divided into standard bread, brioche, burger bun, hot dog bun, tortilla, flat bread, and others. The cakes & pastries segment is further classified as angel food cake, layer cake, panettone, cupcake, mug cake, muffins, and others. The breads segment accounted for the largest market share of 29.01% in 2020 and is projected to register the highest CAGR of 4.2% during the forecast period. 6.2 BREADS Bread is a staple food prepared by baking dough made using flour and water. The dough is cultured with various leavening agents that help in making the bread soft and then is baked in an oven. Breads can be leavened by naturally occurring microbes, chemicals, industrially produced yeast, or high-pressure aeration. Commercial breads contain additives to improve flavor, texture, color, shelf life, nutrition, and ease of production. There are wide range of breads available in the market with different shapes and sizes. The breads segment is further bifurcated as standard bread, brioche, burger bun, hot dog bun, tortilla, flat bread, and others. The breads & rolls segment accounted for a 29.01% share of the global bakery products market in 2020. 6.3 CAKES & PASTRIES A cake is a form of sweet food made from flour, sugar, and other ingredients and is usually baked. Cakes are often made in different flavors, shapes, and sizes. A pastry, on the other hand, is a dough of flour, water, and shortening (solid fats, including butter) that may be savory or sweetened. The cakes & pastries segment is further classified as angel food cake, layer cake, panettone, cupcake, mug cake, muffin, and others. The cakes & pastries segment accounted for a 16.36% share of the global bakery products market in 2020. 6.4 COOKIES & BISCUITS A cookie is a baked food that is typically small, flat, and sweet. It usually contains flour, sugar, and different types of oil or fat. It may include other ingredients such as raisins, oats, chocolate chips, nuts, etc. as toppings. A biscuit is a flour-based baked food product. Biscuits may vary as per different regions. Some biscuits are typically hard, flat, and unleavened, whereas many other biscuits can be soft and leavened with baking soda or baking powder. The cookies & biscuits segment accounted for a 14.08% share of the global bakery products market in 2020. 6.5 BAGELS Bagels are nothing but a round piece of bread. Bagel is prepared with flour, water, yeast, salt, malt, and eggs. The dough is first boiled and then baked to achieve a rich and golden caramel color. It is chewy, dense, and doughy from the inside and is brown and crispy from the outside. The origin of this product was from a Jewish community. Traditionally, they are topped with seeds such as poppy and sesame seeds. The bagels segment is anticipated to register a CAGR of 2.5% during the estimated period. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 43 FORECAST TO 2028 6.6 DONUTS A donut or doughnut is a small ring-shaped piece of sweet fried dough made from flour, eggs, water, leavening, milk, sugar, oil, natural or artificial flavor, and shortening and deep-fried. They are either glazed or have a topping of chocolate, sugar, and coconut, among others. There are two types of donuts: filled and ring. Filled donuts are filled with cream, fruit preserves, custard, or any other sweet fillings. Donuts have different shapes such as rings, balls, twists, and flattened spheres. The segment accounted for a 7.91% share of the global frozen bakery products market in 2020. 6.7 PIZZA & PIZZA CRUST Pizza is a savory dish of Italian origin, consisting of a usually round, flattened base of leavened wheat-based dough topped with tomatoes, cheese, and often various other ingredients baked at a high temperature, traditionally in a wood-fired oven. The Pizza Crust is the base of the pizza and varies according to style which can either be thick or thin in size. The pizza crust is traditionally plain, however, it can be customized and seasoned with garlic or herbs and can also be stuffed with cheese. The pizza & pizza crust segment accounted for a 6.13% share of the global bakery products market in 2020. 6.8 PIES & TARTS A pie is a sweet or savory dish with a crust and a filling. A pie crust is traditionally made of flour, salt, cold water and shortening. In many cases, butter is used as a substitute for shortening to make a crisp and flaky crust. There are numerous fruit flavor options for sweet filling in the pie whereas meat-based filling is used for savory pies. On the other hand, tart is a dessert which has a bottom crust and shallow sides. The crusts are made from pastry dough, which is usually made using flour, sugar, unsalted butter and ice-cold water. This segment accounted for a 10.05% share of the global bakery products market in 2020. 6.9 BROWNIES Brownies made with chocolate are called chocolate brownies, while the ones made with vanilla and brown sugar are known as blond brownies. They are typically made with butter, sugar, eggs, flour, cocoa powder, vanilla extract, and baking powder. The brownies segment is anticipated to register a CAGR of 1.7% during the estimated period. 6.10 OTHERS The others segment includes products such as pretzels, Viennoiseries, and waffles, among others. Products included in the others segment are relatively less consumed, and hence, accounted for a very small share of the global bakery products market. The others segment was valued at USD 15.05 billion in 2020 and is projected to grow at a CAGR of 1.4% between 2020 and 2028. FIGURE 17 GLOBAL BAKERY PRODUCTS MARKET, BY PRODUCT TYPE, 2020 (% SHARE) 4.56% Breads 4.55% 10.05% Cakes & Pastries 29.01% Cookies & Biscuits Bagels 6.13% Donuts 7.91% Pizza & Pizza Crust 7.33% 16.36% 14.08% Pies & Tarts Brownies Others Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 44 FORECAST TO 2028 FIGURE 18 GLOBAL BAKERY PRODUCTS MARKET, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Market Size (USD Billion) 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 Breads Cakes & Pastries Cookies & Biscuits Bagels Donuts Pizza & Pizza Crust Pies & Tarts Brownies Others 2019 92.5 52.4 45.2 23.8 25.6 19.9 32.4 14.9 14.9 2020 95.9 54.1 46.5 24.2 26.2 20.3 33.2 15.1 15.0 2021 99.5 55.8 47.9 24.7 26.8 20.7 34.1 15.3 15.2 2028 132.3 71.8 60.4 29.2 32.6 24.1 42.2 17.1 16.7 Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 45 FORECAST TO 2028 6.10.1 GLOBAL BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, BY PR ODUCT TYPE, 2019– 2028 TABLE 4 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 92.46 95.88 99.50 132.27 4.2% • Standard Bread 28.76 30.02 31.35 43.51 4.8% • Brioche 8.06 8.30 8.56 10.82 3.4% • Burger Bun 20.97 21.79 22.66 30.59 4.4% • Hot Dog Bun 13.38 13.86 14.38 19.02 4.1% • Tortilla 9.47 9.79 10.12 13.08 3.7% • Flat Bread 6.43 6.60 6.78 8.37 3.1% • Others 5.39 5.52 5.66 6.88 2.8% Cakes & Pastries 52.43 54.09 55.85 71.76 3.7% • Angel Food Cake 5.18 5.33 5.48 6.84 3.2% • Layer Cake 4.34 4.45 4.57 5.62 3.0% • Panettone 3.37 3.45 3.53 4.23 2.6% • Cup Cake 15.15 15.74 16.36 22.02 4.3% • Mug Cake 7.48 7.71 7.95 10.11 3.5% • Muffins 14.02 14.48 14.97 19.38 3.8% • Others 2.87 2.93 2.99 3.55 2.5% Cookies & Biscuits 45.23 46.53 47.91 60.35 3.4% Bagels 23.77 24.24 24.74 29.24 2.5% Donuts 25.55 26.15 26.79 32.55 2.9% Pizza & Pizza Crust 19.91 20.27 20.65 24.12 2.3% Pies & Tarts 32.39 33.23 34.12 42.19 3.1% Brownies 14.88 15.07 15.28 17.15 1.7% Others 14.89 15.05 15.21 16.68 1.4% Total 321.50 330.50 340.05 426.32 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 46 FORECAST TO 2028 TABLE 5 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 29.79 30.65 31.57 39.67 3.3% • Standard Bread 9.87 10.21 10.58 13.84 3.9% • Brioche 2.42 2.47 2.52 3.01 2.5% • Burger Bun 6.90 7.12 7.35 9.37 3.5% • Hot Dog Bun 4.28 4.40 4.53 5.66 3.2% • Tortilla 2.93 3.01 3.08 3.76 2.9% • Flat Bread 1.86 1.90 1.93 2.23 2.1% • Others 1.53 1.55 1.57 1.79 1.8% Cakes & Pastries 16.12 16.52 16.95 20.79 3.0% • Angel Food Cake 1.55 1.58 1.62 1.92 2.5% • Layer Cake 1.28 1.30 1.33 1.56 2.3% • Panettone 0.97 0.98 1.00 1.14 1.9% • Cup Cake 4.88 5.04 5.20 6.67 3.6% • Mug Cake 2.28 2.33 2.39 2.90 2.8% • Muffins 4.34 4.46 4.58 5.66 3.1% • Others 0.82 0.83 0.84 0.94 1.7% Cookies & Biscuits 13.53 13.83 14.16 17.06 2.7% Bagels 6.51 6.60 6.70 7.58 1.8% Donuts 7.27 7.40 7.53 8.75 2.2% Pizza & Pizza Crust 5.37 5.43 5.50 6.13 1.6% Pies & Tarts 9.44 9.63 9.83 11.62 2.4% Brownies 3.80 3.83 3.86 4.16 1.1% Others 3.68 3.70 3.73 3.98 0.9% Total 95.50 97.60 99.83 119.74 2.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 47 FORECAST TO 2028 7.1 OVERVIEW Based on the category, the global bakery products market has been segmented into fresh and frozen. The fresh segment accounted for the larger market share of 64.80% in 2020 and is projected to register a higher CAGR of 3.5% during the forecast period, while the frozen segment is expected to exhibit a CAGR of 3.0% during the review period. 7.2 FRESH Fresh segment includes freshly baked products and have a limited shelf life. One of the main features consumers seek in baked goods is fresh out-of-the-oven experience. Thus, the demand for fresh bakery products is high among the consumers. Bread is the most popular fresh baked product consumed across the globe. The fresh segment accounted for a market share of 64.80% in 2020 and is expected to register a higher CAGR of 3.5% during the forecast period to reach a market value of USD 280.33 billion in 2028. 7.3 FROZEN Frozen bakery products are bakery products with a longer shelf life of 6 to 18 months wherein the movement of water in the products is prevented by turning water into ice crystal and preventing the microbiological degradation of food. Freezing is the most natural form of storage. The segment was valued at USD 116.33 billion in 2020 and is anticipated to register a CAGR of 3.0% during the forecast period. FIGURE 19 GLOBAL BAKERY PRODUCTS MARKET, BY CATEGORY, 2020 (% SHARE) 35.20% Fresh Frozen 64.80% Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 48 FORECAST TO 2028 FIGURE 20 GLOBAL BAKERY PRODUCTS MARKET, BY CATEGORY, 2019–2028 (USD BILLION) Market Size (USD Billion) 300.0 250.0 200.0 150.0 100.0 50.0 0.0 Fresh Frozen 2019 208.0 113.5 2020 214.2 116.3 2021 220.8 119.3 2028 280.3 146.0 Source: Industry Experts, Secondary Research, and MRFR Analysis 7.3.1 TABLE 6 GLOBAL BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, BY CATEGOR Y, 2019–2028 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 207.95 214.17 220.76 280.33 3.5% Frozen 113.55 116.33 119.29 145.99 3.0% Total 321.50 330.50 340.05 426.32 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 7 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 62.46 63.95 65.53 79.60 2.9% Frozen 33.04 33.65 34.30 40.14 2.3% Total 95.50 97.60 99.83 119.74 2.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 49 FORECAST TO 2028 8.1 OVERVIEW Based on distribution channel, the global bakery products market has been segmented into food retail and foodservice. The food retail segment is broken down as supermarkets & hypermarkets, convenience stores, in-store bakery, online, and others. The food retail segment accounted for the larger market share of 68.54% in 2020, with store-based sub-segment dominating the food retail market. Moreover, the food retail segment registered a higher CAGR of 3.6% during the forecast period. 8.2 FOOD RETAIL The food retail segment consists of supermarkets & hypermarkets, convenience stores, in-store bakery, online, and other retail distribution channels. The supermarkets and hypermarkets sub-segment is expected to be the largest as these channels account for the maximum sales of frozen bakery products. Convenience stores also play a significant role in the distribution of frozen bakery products. Consumers prefer store-based channels as they provide a one-stop shopping experience. The online sub-segment includes e-commerce, wherein manufacturers distribute frozen bakery products through various online shopping sites and/or their websites. Companies face difficulties in reaching consumers in different regions through brick-and-mortar stores. Thus, e-commerce channels enable companies to cater to the consumers’ needs and increase brand presence. Additionally, this mode of distribution helps vendors create brand awareness. The online sub-segment is expected to register the highest growth rate of 4.7% during the forecast period due to the increase in the use of e-commerce in the retail sector. 8.3 FOODSERVICE The foodservice segment includes hotels, restaurants, and cafés. The segment accounted for a significant market share of 31.46% in 2020 and is expected to grow at a CAGR of 2.8% during the forecast period. Rising disposable incomes and rapid urbanization are driving the growth of the foodservice industry, with an increasing number of consumers opting to dine out. Moreover, the rising number of restaurants and cafés, especially in developing countries, is expected to boost the sales of bakery products in the foodservice segment. FIGURE 21 GLOBAL BAKERY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, 2020 (% SHARE) 31.46% Food Retail Foodservice 68.54% Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. 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Unauthorized Distribution Prohibited. 50 FORECAST TO 2028 FIGURE 22 GLOBAL BAKERY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Market Size (USD Billion) 350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0 Food Retail Foodservice 2019 219.9 101.6 2020 226.5 104.0 2021 233.6 106.5 2028 297.3 129.0 Source: Industry Experts, Secondary Research, and MRFR Analysis 8.3.1 GLOBAL BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, BY DISTR IBUTION CHANNEL, 2019–2028 TABLE 8 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019– 2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 219.87 226.52 233.58 297.28 3.6% • Supermarkets & Hypermarkets 75.96 78.30 80.78 103.23 3.6% • Convenience Stores 61.91 63.67 65.53 82.37 3.3% • In-Store Bakery 46.66 47.94 49.29 61.50 3.2% • Online 23.50 24.50 25.57 35.23 4.7% • Others 11.85 12.12 12.40 14.96 2.7% Foodservice 101.63 103.98 106.48 129.04 2.8% Total 321.50 330.50 340.05 426.32 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 51 FORECAST TO 2028 TABLE 9 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 65.89 67.48 69.17 84.22 2.9% • Supermarkets & Hypermarkets 22.84 23.41 24.01 29.35 2.9% • Convenience Stores 18.35 18.76 19.20 23.08 2.7% • In-Store Bakery 13.75 14.04 14.35 17.12 2.6% • Online 7.56 7.83 8.11 10.64 3.9% • Others 3.39 3.45 3.51 4.03 2.0% Foodservice 29.61 30.12 30.65 35.52 2.2% Total 95.50 97.60 99.83 119.74 2.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 52 FORECAST TO 2028 9.1 OVERVIEW The global bakery products market has been segmented, based on region, into: North America Europe Asia-Pacific Rest of the World FIGURE 23 GLOBAL BAKERY PRODUCTS MARKET, BY REGION, 2019–2028 (USD BILLION) 160.0 (USD Billion) 140.0 120.0 100.0 80.0 60.0 40.0 20.0 0.0 2019 2020 2021 2028 North America 90.8 93.4 96.1 121.1 Europe 115.8 118.7 121.8 149.8 Asia-Pacific 82.0 84.9 88.0 115.7 Rest of the World 32.9 33.4 34.1 39.7 Source: Industry Experts, Secondary Research, and MRFR Analysis FIGURE 24 GLOBAL BAKERY PRODUCTS MARKET, BY REGION, 2020 (% SHARE) 10.12% 28.25% North America Europe 25.70% Asia-Pacific Rest of the World 35.93% Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 53 FORECAST TO 2028 9.1.1 GLOBAL BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, BY R EGION, 2019 –2028 TABLE 10 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD BILLION) Region CAGR 2019 2020 2021 2028 North America 90.76 93.37 96.13 121.12 3.4% Europe 115.84 118.75 121.84 149.76 3.0% Asia-Pacific 82.05 84.94 88.01 115.70 4.0% Rest of the World 32.86 33.45 34.07 39.73 2.3% Total 321.50 330.50 340.05 426.32 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 11 GLOBAL BAKERY PRODUCTS MARKET ESTIMATES, BY REGION, 2019–2028 (MILLION TONS) Region CAGR 2019 2020 2021 2028 North America 26.59 27.19 27.83 33.55 2.8% Europe 33.04 33.67 34.34 40.35 2.4% Asia-Pacific 25.74 26.48 27.26 34.21 3.3% Rest of the World 10.13 10.26 10.39 11.63 1.7% Total 95.50 97.60 99.83 119.74 2.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 54 FORECAST TO 2028 9.2 NORTH AMERICA North America has accounted for a market share of 28.25% of the global bakery products market in 2020 and is projected to expand at a CAGR of 3.4% during the forecast period of 2021-2028. The bakery products market in North America has been experiencing rapid growth over the last few years. The growth can be attributed to the increasing consumer inclination towards ready-to-eat food products. On the other hand, the increasing working population in North America, along with rising consumer inclination towards outof-home consumption is anticipated to further drive the sales of bakery products. Also, the cold chain industry in the US has been witnessing growth at a high pace which, in turn, accelerates the growth of the frozen bakery products leading to overall growth of bakery products market in North America. According to MRFR analysis, the market value of bakery products is projected to be valued at USD 426.32 billion by the end of 2028. The US is estimated to retain its dominance throughout the forecast period of 2021-2028. However, the market in Canada is projected to register the highest growth rate during the forecast period. The consumers in the US are opting for healthy lifestyles and are demanding gluten-free, low-carbohydrate bakery products. Over the last few years, there has been an increasing number of celiac disease cases, which is likely to drive the growth of the gluten-free category of bakery products. According to the Centers for Disease Control and Prevention (CDC), gluten-related disorders affect approximately 10% of the US population. FIGURE 25 NORTH AMERICA: BAKERY PRODUCTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 10.05% 13.03% US Canada Mexico 76.92% Source: Industry Experts, Secondary Research, and MRFR Analysis 9.2.1 NOR TH AMER ICA BAKER Y PR ODUCTS MAR KET ESTIMATES & FOR ECAST, BY COUNTR Y, 2019–2028 TABLE 12 NORTH AMERICA: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD BILLION) Country CAGR 2019 2020 2021 2028 US 69.69 71.82 74.08 94.52 3.6% Canada 11.86 12.17 12.49 15.39 3.1% Mexico 9.21 9.38 9.57 11.20 2.3% Total 90.76 93.37 96.13 121.12 3.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 55 FORECAST TO 2028 TABLE 13 NORTH AMERICA: MARKET ESTIMATES, BY COUNTRY, 2019–2028 (MILLION TONS) Country CAGR 2019 2020 2021 2028 US 20.23 20.73 21.25 25.95 2.9% Canada 3.53 3.60 3.67 4.33 2.4% Mexico 2.83 2.87 2.91 3.27 1.7% Total 26.59 27.19 27.83 33.55 2.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 56 FORECAST TO 2028 9.2.2 NOR TH AMER ICA BAKER Y PR ODUCTS MAR KET ESTIMATES & FOR ECAST, BY PR ODUCT TYPE, 2019–2028 TABLE 14 NORTHE AMERICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 25.77 26.75 27.80 37.22 4.3% • Standard Bread 7.97 8.32 8.70 12.17 4.9% • Brioche 2.26 2.33 2.41 3.07 3.5% • Burger Bun 5.83 6.07 6.32 8.59 4.5% • Hot Dog Bun 3.73 3.87 4.02 5.35 4.2% • Tortilla 2.65 2.74 2.84 3.69 3.8% • Flat Bread 1.81 1.86 1.91 2.38 3.2% • Others 1.52 1.56 1.60 1.96 2.9% Cakes & Pastries 14.72 15.20 15.71 20.30 3.8% • Angel Food Cake 1.46 1.50 1.55 1.94 3.3% • Layer Cake 1.23 1.26 1.29 1.60 3.1% • Panettone 0.96 0.98 1.00 1.21 2.7% • Cup Cake 4.23 4.40 4.57 6.19 4.4% • Mug Cake 2.10 2.17 2.24 2.86 3.6% • Muffins 3.93 4.07 4.21 5.48 3.8% • Others 0.82 0.83 0.85 1.01 2.5% Cookies & Biscuits 12.75 13.13 13.53 17.13 3.5% Bagels 6.79 6.93 7.07 8.40 2.5% Donuts 7.26 7.43 7.62 9.31 2.9% Pizza & Pizza Crust 5.70 5.81 5.92 6.95 2.4% Pies & Tarts 9.17 9.41 9.67 12.02 3.2% Brownies 4.29 4.35 4.41 4.96 1.7% Others 4.31 4.35 4.40 4.83 1.4% Total 90.76 93.37 96.13 121.12 3.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 57 FORECAST TO 2028 TABLE 15 NORTH AMERICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 8.24 8.49 8.75 11.10 3.4% • Standard Bread 2.71 2.81 2.92 3.85 4.1% • Brioche 0.67 0.69 0.71 0.85 2.7% • Burger Bun 1.91 1.97 2.03 2.62 3.7% • Hot Dog Bun 1.18 1.22 1.26 1.59 3.4% • Tortilla 0.81 0.84 0.86 1.06 3.0% • Flat Bread 0.52 0.53 0.54 0.63 2.2% • Others 0.43 0.43 0.44 0.51 2.0% Cakes & Pastries 4.47 4.59 4.72 5.82 3.1% • Angel Food Cake 0.43 0.44 0.45 0.54 2.6% • Layer Cake 0.36 0.36 0.37 0.44 2.4% • Panettone 0.27 0.28 0.28 0.32 2.0% • Cup Cake 1.35 1.39 1.44 1.86 3.7% • Mug Cake 0.63 0.65 0.67 0.81 2.9% • Muffins 1.20 1.24 1.27 1.58 3.2% • Others 0.23 0.23 0.24 0.27 1.8% Cookies & Biscuits 3.76 3.85 3.94 4.78 2.8% Bagels 1.83 1.85 1.88 2.13 1.8% Donuts 2.03 2.07 2.11 2.46 2.2% Pizza & Pizza Crust 1.51 1.53 1.55 1.72 1.6% Pies & Tarts 2.63 2.69 2.74 3.26 2.5% Brownies 1.07 1.08 1.09 1.16 1.0% Others 1.04 1.04 1.05 1.11 0.8% Total 26.59 27.19 27.83 33.55 2.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 58 FORECAST TO 2028 9.2.3 NOR TH AMER ICA BAKER Y PR ODU CTS MAR KET ESTIMATES & FOR ECAST, BY CATEGOR Y , 2019–2028 TABLE 16 NORTH AMERICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 58.61 60.40 62.31 79.51 3.6% Frozen 32.15 32.96 33.83 41.60 3.0% Total 90.76 93.37 96.13 121.12 3.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 17 NORTH AMERICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 17.36 17.79 18.24 22.27 2.9% Frozen 9.23 9.40 9.59 11.28 2.4% Total 26.59 27.19 27.83 33.55 2.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis 9.2.4 NOR TH AMER ICA BAKER Y PR ODUCTS MAR KET ESTIMATES & FOR ECAST, BY DISTR IBUTION CHANNEL, 2019–2028 TABLE 18 NORTH AMERICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 61.95 63.87 65.90 84.30 3.6% • Supermarkets & Hypermarkets 21.39 22.06 22.78 29.26 3.6% • Convenience Stores 17.47 17.98 18.52 23.40 3.4% • In-Store Bakery 13.18 13.55 13.94 17.48 3.3% • Online 6.55 6.83 7.14 9.89 4.8% • Others 3.36 3.44 3.52 4.27 2.8% Foodservice 28.81 29.50 30.23 36.82 2.9% Total 90.76 93.37 96.13 121.12 3.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 59 FORECAST TO 2028 TABLE 19 NORTH AMERICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 18.31 18.76 19.25 23.55 3.0% • Supermarkets & Hypermarkets 6.34 6.50 6.68 8.20 3.0% • Convenience Stores 5.11 5.23 5.35 6.47 2.7% • In-Store Bakery 3.83 3.91 4.00 4.80 2.6% • Online 2.08 2.15 2.23 2.95 4.0% • Others 0.95 0.97 0.98 1.14 2.1% Foodservice 8.28 8.43 8.58 10.00 2.2% Total 26.59 27.19 27.83 33.55 2.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 60 FORECAST TO 2028 9.2.5 US TABLE 20 US: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 19.72 20.51 21.35 28.96 4.5% • Standard Bread 6.08 6.37 6.67 9.45 5.1% • Brioche 1.74 1.79 1.85 2.39 3.7% • Burger Bun 4.46 4.65 4.85 6.68 4.7% • Hot Dog Bun 2.86 2.97 3.09 4.17 4.4% • Tortilla 2.03 2.10 2.18 2.88 4.0% • Flat Bread 1.39 1.43 1.48 1.86 3.4% • Others 1.17 1.20 1.23 1.53 3.1% Cakes & Pastries 11.29 11.68 12.09 15.82 4.0% • Angel Food Cake 1.12 1.16 1.19 1.52 3.5% • Layer Cake 0.94 0.97 1.00 1.25 3.3% • Panettone 0.73 0.75 0.77 0.94 2.9% • Cup Cake 3.23 3.37 3.51 4.82 4.6% • Mug Cake 1.61 1.67 1.72 2.23 3.8% • Muffins 3.01 3.12 3.24 4.27 4.0% • Others 0.63 0.64 0.66 0.79 2.7% Cookies & Biscuits 9.79 10.10 10.42 13.37 3.7% Bagels 5.23 5.34 5.47 6.58 2.7% Donuts 5.58 5.73 5.88 7.27 3.1% Pizza & Pizza Crust 4.39 4.48 4.58 5.44 2.6% Pies & Tarts 7.05 7.25 7.46 9.39 3.4% Brownies 3.31 3.36 3.42 3.89 1.9% Others 3.33 3.37 3.42 3.79 1.5% Total 69.69 71.82 74.08 94.52 3.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 61 FORECAST TO 2028 TABLE 21 US: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 6.25 6.45 6.67 8.57 3.7% • Standard Bread 2.05 2.13 2.22 2.97 4.3% • Brioche 0.51 0.53 0.54 0.66 2.9% • Burger Bun 1.44 1.49 1.55 2.02 3.9% • Hot Dog Bun 0.90 0.93 0.96 1.22 3.6% • Tortilla 0.62 0.64 0.65 0.82 3.2% • Flat Bread 0.40 0.41 0.41 0.49 2.4% • Others 0.33 0.33 0.34 0.39 2.2% Cakes & Pastries 3.40 3.49 3.60 4.50 3.3% • Angel Food Cake 0.33 0.34 0.34 0.42 2.8% • Layer Cake 0.27 0.28 0.28 0.34 2.6% • Panettone 0.21 0.21 0.21 0.25 2.2% • Cup Cake 1.02 1.06 1.09 1.43 3.9% • Mug Cake 0.48 0.49 0.51 0.63 3.1% • Muffins 0.91 0.94 0.97 1.22 3.4% • Others 0.17 0.18 0.18 0.21 2.0% Cookies & Biscuits 2.86 2.93 3.01 3.69 3.0% Bagels 1.40 1.42 1.44 1.65 2.0% Donuts 1.55 1.58 1.61 1.91 2.5% Pizza & Pizza Crust 1.15 1.17 1.19 1.34 1.8% Pies & Tarts 2.00 2.05 2.10 2.52 2.7% Brownies 0.82 0.83 0.83 0.90 1.2% Others 0.79 0.80 0.81 0.87 1.0% Total 20.23 20.73 21.25 25.95 2.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 22 US: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 44.97 46.43 47.98 62.01 3.8% Frozen 24.72 25.39 26.10 32.51 3.2% Total 69.69 71.82 74.08 94.52 3.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 62 FORECAST TO 2028 TABLE 23 US: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 13.20 13.55 13.92 17.21 3.1% Frozen 7.03 7.18 7.33 8.74 2.6% Total 20.23 20.73 21.25 25.95 2.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 24 US: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 47.53 49.09 50.74 65.74 3.8% • Supermarkets & Hypermarkets 16.41 16.95 17.54 22.81 3.8% • Convenience Stores 13.41 13.83 14.27 18.26 3.6% • In-Store Bakery 10.12 10.43 10.75 13.65 3.5% • Online 5.00 5.23 5.47 7.68 5.0% • Others 2.59 2.65 2.72 3.34 3.0% Foodservice 22.16 22.73 23.34 28.78 3.1% Total 69.69 71.82 74.08 94.52 3.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 25 US: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 13.92 14.29 14.69 18.20 3.2% • Supermarkets & Hypermarkets 4.82 4.95 5.09 6.34 3.2% • Convenience Stores 3.89 3.98 4.09 5.00 2.9% • In-Store Bakery 2.91 2.98 3.06 3.71 2.8% • Online 1.57 1.63 1.70 2.27 4.2% • Others 0.72 0.74 0.75 0.88 2.3% Foodservice 6.31 6.44 6.57 7.75 2.4% Total 20.23 20.73 21.25 25.95 2.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 63 FORECAST TO 2028 9.2.6 CANADA TABLE 26 CANADA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 3.42 3.54 3.66 4.80 4.0% • Standard Bread 1.07 1.11 1.16 1.58 4.6% • Brioche 0.30 0.30 0.31 0.39 3.2% • Burger Bun 0.78 0.81 0.84 1.11 4.2% • Hot Dog Bun 0.49 0.51 0.53 0.69 3.9% • Tortilla 0.35 0.36 0.37 0.47 3.5% • Flat Bread 0.24 0.24 0.25 0.30 2.8% • Others 0.20 0.20 0.21 0.25 2.6% Cakes & Pastries 1.94 1.99 2.05 2.60 3.5% • Angel Food Cake 0.19 0.20 0.20 0.25 3.0% • Layer Cake 0.16 0.16 0.17 0.20 2.8% • Panettone 0.12 0.13 0.13 0.15 2.4% • Cup Cake 0.56 0.58 0.60 0.80 4.1% • Mug Cake 0.28 0.28 0.29 0.37 3.3% • Muffins 0.52 0.53 0.55 0.70 3.5% • Others 0.11 0.11 0.11 0.13 2.2% Cookies & Biscuits 1.67 1.71 1.76 2.18 3.2% Bagels 0.88 0.89 0.91 1.05 2.2% Donuts 0.94 0.96 0.98 1.17 2.6% Pizza & Pizza Crust 0.73 0.74 0.76 0.87 2.0% Pies & Tarts 1.19 1.22 1.25 1.52 2.9% Brownies 0.55 0.55 0.56 0.61 1.4% Others 0.55 0.55 0.55 0.59 1.0% Total 11.86 12.17 12.49 15.39 3.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 64 FORECAST TO 2028 TABLE 27 CANADA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 1.11 1.14 1.17 1.45 3.2% • Standard Bread 0.37 0.38 0.39 0.51 3.7% • Brioche 0.09 0.09 0.09 0.11 2.3% • Burger Bun 0.26 0.26 0.27 0.34 3.4% • Hot Dog Bun 0.16 0.16 0.17 0.21 3.1% • Tortilla 0.11 0.11 0.11 0.14 2.7% • Flat Bread 0.07 0.07 0.07 0.08 1.9% • Others 0.06 0.06 0.06 0.06 1.6% Cakes & Pastries 0.60 0.61 0.63 0.76 2.8% • Angel Food Cake 0.06 0.06 0.06 0.07 2.3% • Layer Cake 0.05 0.05 0.05 0.06 2.1% • Panettone 0.04 0.04 0.04 0.04 1.7% • Cup Cake 0.18 0.19 0.19 0.24 3.4% • Mug Cake 0.08 0.09 0.09 0.11 2.6% • Muffins 0.16 0.16 0.17 0.21 2.9% • Others 0.03 0.03 0.03 0.03 1.4% Cookies & Biscuits 0.50 0.51 0.52 0.62 2.5% Bagels 0.24 0.24 0.24 0.27 1.5% Donuts 0.27 0.27 0.28 0.32 2.0% Pizza & Pizza Crust 0.20 0.20 0.20 0.22 1.3% Pies & Tarts 0.35 0.35 0.36 0.42 2.2% Brownies 0.14 0.14 0.14 0.14 0.6% Others 0.13 0.13 0.13 0.14 0.5% Total 3.53 3.60 3.67 4.33 2.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 28 CANADA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 7.68 7.89 8.12 10.14 3.3% Frozen 4.18 4.27 4.37 5.26 2.7% Total 11.86 12.17 12.49 15.39 3.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 65 FORECAST TO 2028 TABLE 29 CANADA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 2.31 2.36 2.41 2.88 2.6% Frozen 1.22 1.24 1.26 1.45 2.1% Total 3.53 3.60 3.67 4.33 2.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 30 CANADA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 8.13 8.35 8.59 10.75 3.3% • Supermarkets & Hypermarkets 2.81 2.89 2.97 3.74 3.3% • Convenience Stores 2.28 2.34 2.41 2.98 3.1% • In-Store Bakery 1.72 1.76 1.81 2.22 3.0% • Online 0.88 0.91 0.95 1.28 4.4% • Others 0.44 0.44 0.45 0.54 2.5% Foodservice 3.74 3.81 3.90 4.64 2.6% Total 11.86 12.17 12.49 15.39 3.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 31 CANADA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 2.44 2.49 2.55 3.05 2.7% • Supermarkets & Hypermarkets 0.85 0.86 0.88 1.06 2.7% • Convenience Stores 0.68 0.69 0.71 0.84 2.4% • In-Store Bakery 0.51 0.52 0.53 0.62 2.3% • Online 0.28 0.29 0.30 0.39 3.7% • Others 0.12 0.13 0.13 0.15 1.8% Foodservice 1.09 1.11 1.12 1.28 1.9% Total 3.53 3.60 3.67 4.33 2.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 66 FORECAST TO 2028 9.2.7 MEXICO TABLE 32 MEXICO: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 2.63 2.70 2.78 3.46 3.2% • Standard Bread 0.82 0.84 0.87 1.14 3.8% • Brioche 0.23 0.23 0.24 0.28 2.4% • Burger Bun 0.60 0.61 0.63 0.80 3.4% • Hot Dog Bun 0.38 0.39 0.40 0.50 3.1% • Tortilla 0.27 0.28 0.28 0.34 2.8% • Flat Bread 0.18 0.19 0.19 0.22 2.1% • Others 0.15 0.16 0.16 0.18 1.9% Cakes & Pastries 1.50 1.53 1.57 1.88 2.7% • Angel Food Cake 0.15 0.15 0.15 0.18 2.2% • Layer Cake 0.12 0.13 0.13 0.15 2.0% • Panettone 0.10 0.10 0.10 0.11 1.7% • Cup Cake 0.43 0.44 0.46 0.58 3.3% • Mug Cake 0.21 0.22 0.22 0.27 2.5% • Muffins 0.40 0.41 0.42 0.51 2.8% • Others 0.08 0.08 0.08 0.09 1.5% Cookies & Biscuits 1.30 1.32 1.35 1.59 2.4% Bagels 0.69 0.69 0.70 0.77 1.5% Donuts 0.73 0.75 0.76 0.86 1.9% Pizza & Pizza Crust 0.57 0.58 0.59 0.64 1.3% Pies & Tarts 0.93 0.94 0.96 1.11 2.1% Brownies 0.43 0.43 0.43 0.45 0.7% Others 0.43 0.43 0.43 0.44 0.3% Total 9.21 9.38 9.57 11.20 2.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 67 FORECAST TO 2028 TABLE 33 MEXICO: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 0.88 0.90 0.92 1.08 2.3% • Standard Bread 0.29 0.30 0.31 0.38 3.0% • Brioche 0.07 0.07 0.07 0.08 1.6% • Burger Bun 0.20 0.21 0.21 0.26 2.7% • Hot Dog Bun 0.13 0.13 0.13 0.16 2.4% • Tortilla 0.09 0.09 0.09 0.10 2.0% • Flat Bread 0.06 0.06 0.06 0.06 1.2% • Others 0.05 0.05 0.05 0.05 0.9% Cakes & Pastries 0.48 0.49 0.49 0.57 2.0% • Angel Food Cake 0.05 0.05 0.05 0.05 1.6% • Layer Cake 0.04 0.04 0.04 0.04 1.4% • Panettone 0.03 0.03 0.03 0.03 1.0% • Cup Cake 0.14 0.15 0.15 0.18 2.7% • Mug Cake 0.07 0.07 0.07 0.08 1.9% • Muffins 0.13 0.13 0.13 0.15 2.2% • Others 0.02 0.02 0.02 0.03 0.8% Cookies & Biscuits 0.40 0.41 0.41 0.47 1.8% Bagels 0.19 0.19 0.20 0.21 0.8% Donuts 0.22 0.22 0.22 0.24 1.2% Pizza & Pizza Crust 0.16 0.16 0.16 0.17 0.6% Pies & Tarts 0.28 0.28 0.29 0.32 1.5% Brownies 0.11 0.11 0.11 0.12 0.4% Others 0.11 0.11 0.11 0.11 0.2% Total 2.83 2.87 2.91 3.27 1.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 34 MEXICO: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 5.96 6.08 6.21 7.36 2.5% Frozen 3.26 3.31 3.36 3.84 2.0% Total 9.21 9.38 9.57 11.20 2.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 68 FORECAST TO 2028 TABLE 35 MEXICO: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 1.85 1.88 1.91 2.17 1.9% Frozen 0.98 0.99 1.00 1.10 1.4% Total 2.83 2.87 2.91 3.27 1.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 36 MEXICO: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 6.30 6.43 6.57 7.81 2.6% • Supermarkets & Hypermarkets 2.17 2.22 2.27 2.71 2.6% • Convenience Stores 1.77 1.81 1.84 2.16 2.3% • In-Store Bakery 1.34 1.36 1.39 1.62 2.2% • Online 0.67 0.69 0.72 0.92 3.7% • Others 0.34 0.34 0.35 0.39 1.7% Foodservice 2.92 2.96 3.00 3.39 1.8% Total 9.21 9.38 9.57 11.20 2.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 37 MEXICO: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 1.95 1.98 2.01 2.30 2.0% • Supermarkets & Hypermarkets 0.68 0.69 0.70 0.80 2.0% • Convenience Stores 0.54 0.55 0.56 0.63 1.7% • In-Store Bakery 0.41 0.41 0.42 0.47 1.6% • Online 0.22 0.23 0.24 0.29 3.0% • Others 0.10 0.10 0.10 0.11 1.1% Foodservice 0.88 0.89 0.89 0.97 1.2% Total 2.83 2.87 2.91 3.27 1.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 69 FORECAST TO 2028 9.3 EUROPE Europe accounted for the largest share of 35.93% of the global bakery products market in 2020. The regional market is expected to register a CAGR of 3.0% during the forecast period. The growth of the bakery products market in the European region is attributed to several factors. Among processed food products, bakery products are one of the most popular foods in Europe. Premiumization is one of the major trends gaining traction in European countries. The consumers are opting for healthy bakery products that contain whole grain, have high fiber content and are gluten-free. Also, the increasing consumer inclination towards convenience foods due to busy lifestyles is anticipated to act as a major driver in the growth of the European bakery products market. Moreover, consumers are increasingly opting for clean label products. Clean label ingredients are widely used in the manufacture of these products for visual appeal. According to the US Department of Agriculture (USDA), the sales of organic packaged food in Europe were valued at 30.04 billion in 2015. The consumption of organic food & beverages is especially high in Western European countries like the UK, Germany, and France. Additionally, the manufacturers of bakery products have adopted expansion strategies to increase their presence across the European region. For instance, in September 2016, La Lorraine Bakery Group opened its production plant in Turkey. The new production plant caters to the increasing demand for bakery products across Turkey and Eastern Europe. FIGURE 26 EUROPE: BAKERY PRODUCTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 24.01% 24.74% Germany UK France Spain 9.01% 13.98% 8.06% Italy Rest of Europe 20.20% Source: Industry Experts, Secondary Research, and MRFR Analysis 9.3.1 EUR OPE BAKER Y PR ODUCTS MAR KET E STIMATES & F OR ECAST, BY COUNTR Y, 2019 –2028 TABLE 38 EUROPE: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD BILLION) Country CAGR 2019 2020 2021 2028 Germany 28.36 29.38 30.46 40.17 4.1% UK 16.24 16.60 16.98 20.46 2.7% France 23.31 23.99 24.71 31.21 3.4% Spain 9.41 9.57 9.75 11.35 2.2% Italy 10.48 10.70 10.93 13.01 2.6% Rest of Europe 28.04 28.51 29.01 33.56 2.1% Total 115.84 118.75 121.84 149.76 3.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 70 FORECAST TO 2028 TABLE 39 EUROPE: MARKET ESTIMATES, BY COUNTRY, 2019–2028 (MILLION TONS) Country CAGR 2019 2020 2021 2028 Germany 8.78 9.03 9.30 11.66 3.3% UK 4.53 4.60 4.68 5.38 2.1% France 6.86 7.02 7.18 8.67 2.8% Spain 2.52 2.55 2.58 2.86 1.5% Italy 2.88 2.93 2.97 3.38 1.9% Rest of Europe 7.47 7.55 7.63 8.40 1.4% Total 33.04 33.67 34.34 40.35 2.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 71 FORECAST TO 2028 9.3.2 EUR OPE BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, BY PR ODUCT TYPE, 2019– 2028 TABLE 40 EUROPE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 33.54 34.67 35.87 46.65 3.9% • Standard Bread 10.41 10.83 11.28 15.33 4.5% • Brioche 2.93 3.01 3.09 3.82 3.1% • Burger Bun 7.60 7.87 8.16 10.78 4.1% • Hot Dog Bun 4.85 5.01 5.18 6.71 3.8% • Tortilla 3.44 3.54 3.65 4.62 3.4% • Flat Bread 2.34 2.39 2.45 2.96 2.7% • Others 1.96 2.00 2.05 2.43 2.5% Cakes & Pastries 18.94 19.49 20.06 25.27 3.4% • Angel Food Cake 1.88 1.92 1.97 2.41 2.9% • Layer Cake 1.57 1.61 1.65 1.98 2.7% • Panettone 1.22 1.25 1.27 1.49 2.3% • Cup Cake 5.46 5.66 5.87 7.74 4.0% • Mug Cake 2.70 2.78 2.86 3.56 3.2% • Muffins 5.06 5.21 5.38 6.82 3.5% • Others 1.04 1.06 1.08 1.25 2.2% Cookies & Biscuits 16.30 16.73 17.17 21.21 3.1% Bagels 8.51 8.65 8.81 10.20 2.2% Donuts 9.17 9.36 9.57 11.40 2.6% Pizza & Pizza Crust 7.12 7.23 7.34 8.41 2.0% Pies & Tarts 11.65 11.92 12.21 14.80 2.8% Brownies 5.30 5.36 5.43 6.00 1.5% Others 5.30 5.34 5.39 5.83 1.2% Total 115.84 118.75 121.84 149.76 3.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 72 FORECAST TO 2028 TABLE 41 EUROPE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 10.30 10.56 10.84 13.31 3.0% • Standard Bread 3.40 3.51 3.63 4.64 3.6% • Brioche 0.84 0.85 0.87 1.01 2.2% • Burger Bun 2.39 2.45 2.52 3.14 3.2% • Hot Dog Bun 1.48 1.52 1.56 1.90 2.9% • Tortilla 1.02 1.04 1.06 1.26 2.6% • Flat Bread 0.65 0.66 0.67 0.75 1.8% • Others 0.53 0.54 0.54 0.60 1.5% Cakes & Pastries 5.58 5.70 5.83 6.99 2.6% • Angel Food Cake 0.54 0.55 0.56 0.65 2.2% • Layer Cake 0.44 0.45 0.46 0.52 2.0% • Panettone 0.34 0.34 0.34 0.38 1.6% • Cup Cake 1.69 1.73 1.79 2.24 3.3% • Mug Cake 0.79 0.80 0.82 0.98 2.5% • Muffins 1.50 1.54 1.57 1.90 2.8% • Others 0.28 0.29 0.29 0.32 1.3% Cookies & Biscuits 4.68 4.77 4.87 5.75 2.4% Bagels 2.25 2.28 2.31 2.57 1.5% Donuts 2.52 2.55 2.59 2.95 1.9% Pizza & Pizza Crust 1.86 1.87 1.89 2.07 1.3% Pies & Tarts 3.27 3.32 3.38 3.92 2.1% Brownies 1.32 1.33 1.34 1.42 0.9% Others 1.28 1.28 1.29 1.36 0.8% Total 33.04 33.67 34.34 40.35 2.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 73 FORECAST TO 2028 9.3.3 EUR OPE BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, BY CATEGOR Y , 2019–2028 TABLE 42 EUROPE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 74.89 76.91 79.06 98.44 3.2% Frozen 40.95 41.84 42.78 51.33 2.7% Total 115.84 118.75 121.84 149.76 3.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 43 EUROPE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 21.60 22.05 22.53 26.81 2.6% Frozen 11.44 11.62 11.81 13.54 2.0% Total 33.04 33.67 34.34 40.35 2.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis 9.3.4 EUR OPE BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, BY DISTR IBUTION CHANNEL, 2019–2028 TABLE 44 EUROPE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 79.17 81.34 83.64 104.38 3.3% • Supermarkets & Hypermarkets 27.35 28.11 28.92 36.24 3.3% • Convenience Stores 22.30 22.87 23.48 28.93 3.0% • In-Store Bakery 16.82 17.23 17.66 21.61 2.9% • Online 8.43 8.77 9.12 12.34 4.4% • Others 4.28 4.36 4.45 5.26 2.4% Foodservice 36.67 37.41 38.20 45.38 2.5% Total 115.84 118.75 121.84 149.76 3.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 74 FORECAST TO 2028 TABLE 45 EUROPE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 22.78 23.27 23.78 28.37 2.6% • Supermarkets & Hypermarkets 7.90 8.07 8.25 9.88 2.6% • Convenience Stores 6.35 6.47 6.60 7.78 2.4% • In-Store Bakery 4.76 4.84 4.94 5.77 2.3% • Online 2.60 2.69 2.78 3.57 3.7% • Others 1.18 1.19 1.21 1.36 1.7% Foodservice 10.26 10.41 10.56 11.99 1.9% Total 33.04 33.67 34.34 40.35 2.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 75 FORECAST TO 2028 9.3.5 GER MANY TABLE 46 GERMANY: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 8.25 8.62 9.02 12.62 5.0% • Standard Bread 2.59 2.73 2.87 4.20 5.6% • Brioche 0.71 0.74 0.77 1.02 4.2% • Burger Bun 1.88 1.97 2.06 2.93 5.1% • Hot Dog Bun 1.19 1.24 1.30 1.81 4.8% • Tortilla 0.84 0.87 0.91 1.24 4.5% • Flat Bread 0.56 0.58 0.60 0.78 3.8% • Others 0.47 0.49 0.50 0.64 3.6% Cakes & Pastries 4.64 4.83 5.03 6.80 4.4% • Angel Food Cake 0.46 0.47 0.49 0.64 4.0% • Layer Cake 0.38 0.39 0.41 0.53 3.7% • Panettone 0.29 0.30 0.31 0.39 3.4% • Cup Cake 1.36 1.42 1.49 2.11 5.1% • Mug Cake 0.66 0.69 0.71 0.96 4.3% • Muffins 1.24 1.30 1.35 1.84 4.5% • Others 0.25 0.26 0.26 0.33 3.2% Cookies & Biscuits 3.99 4.14 4.29 5.69 4.1% Bagels 2.08 2.13 2.19 2.72 3.2% Donuts 2.24 2.31 2.39 3.05 3.6% Pizza & Pizza Crust 1.74 1.78 1.83 2.24 3.0% Pies & Tarts 2.85 2.95 3.05 3.96 3.9% Brownies 1.29 1.31 1.34 1.57 2.3% Others 1.28 1.30 1.33 1.51 1.9% Total 28.36 29.38 30.46 40.17 4.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 76 FORECAST TO 2028 TABLE 47 GERMANY: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 2.77 2.88 2.98 3.93 4.1% • Standard Bread 0.93 0.97 1.01 1.39 4.6% • Brioche 0.22 0.23 0.24 0.29 3.2% • Burger Bun 0.65 0.67 0.70 0.93 4.2% • Hot Dog Bun 0.40 0.41 0.43 0.56 4.0% • Tortilla 0.27 0.28 0.29 0.37 3.6% • Flat Bread 0.17 0.17 0.18 0.22 2.8% • Others 0.14 0.14 0.15 0.17 2.5% Cakes & Pastries 1.49 1.54 1.59 2.04 3.7% • Angel Food Cake 0.14 0.15 0.15 0.19 3.2% • Layer Cake 0.12 0.12 0.12 0.15 3.0% • Panettone 0.09 0.09 0.09 0.11 2.5% • Cup Cake 0.46 0.47 0.49 0.66 4.3% • Mug Cake 0.21 0.22 0.22 0.28 3.5% • Muffins 0.40 0.42 0.43 0.56 3.8% • Others 0.07 0.08 0.08 0.09 2.3% Cookies & Biscuits 1.24 1.28 1.32 1.66 3.4% Bagels 0.59 0.60 0.61 0.72 2.4% Donuts 0.66 0.68 0.70 0.84 2.8% Pizza & Pizza Crust 0.48 0.49 0.50 0.58 2.1% Pies & Tarts 0.86 0.89 0.91 1.13 3.1% Brownies 0.34 0.34 0.35 0.38 1.4% Others 0.33 0.33 0.33 0.37 1.3% Total 8.78 9.03 9.30 11.66 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 48 GERMANY: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 18.40 19.10 19.84 26.50 4.3% Frozen 9.96 10.28 10.62 13.67 3.7% Total 28.36 29.38 30.46 40.17 4.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 77 FORECAST TO 2028 TABLE 49 GERMANY: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 5.76 5.94 6.12 7.78 3.5% Frozen 3.02 3.09 3.18 3.88 3.0% Total 8.78 9.03 9.30 11.66 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 50 GERMANY: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 19.47 20.21 21.00 28.12 4.3% • Supermarkets & Hypermarkets 6.73 6.99 7.27 9.77 4.3% • Convenience Stores 5.46 5.66 5.87 7.77 4.1% • In-Store Bakery 4.11 4.26 4.41 5.79 4.0% • Online 2.12 2.23 2.35 3.40 5.4% • Others 1.04 1.07 1.10 1.39 3.4% Foodservice 8.89 9.17 9.46 12.05 3.6% Total 28.36 29.38 30.46 40.17 4.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 51 GERMANY: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 6.08 6.27 6.47 8.23 3.5% • Supermarkets & Hypermarkets 2.11 2.18 2.25 2.87 3.6% • Convenience Stores 1.69 1.74 1.79 2.25 3.3% • In-Store Bakery 1.26 1.30 1.33 1.66 3.2% • Online 0.71 0.74 0.77 1.06 4.6% • Others 0.31 0.32 0.32 0.39 2.7% Foodservice 2.70 2.76 2.83 3.43 2.8% Total 8.78 9.03 9.30 11.66 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 78 FORECAST TO 2028 9.3.6 UK TABLE 52 UK: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 4.43 4.57 4.72 6.06 3.7% • Standard Bread 1.33 1.38 1.44 1.93 4.3% • Brioche 0.40 0.41 0.42 0.51 2.9% • Burger Bun 0.99 1.03 1.06 1.38 3.9% • Hot Dog Bun 0.64 0.66 0.68 0.87 3.6% • Tortilla 0.46 0.48 0.49 0.61 3.2% • Flat Bread 0.32 0.33 0.34 0.41 2.6% • Others 0.27 0.28 0.29 0.34 2.4% Cakes & Pastries 2.59 2.66 2.73 3.38 3.1% • Angel Food Cake 0.26 0.27 0.27 0.33 2.7% • Layer Cake 0.22 0.23 0.23 0.27 2.5% • Panettone 0.17 0.18 0.18 0.21 2.1% • Cup Cake 0.72 0.75 0.77 1.00 3.8% • Mug Cake 0.37 0.38 0.39 0.48 2.9% • Muffins 0.69 0.71 0.73 0.91 3.2% • Others 0.15 0.15 0.16 0.18 1.9% Cookies & Biscuits 2.28 2.33 2.38 2.88 2.8% Bagels 1.26 1.27 1.29 1.47 1.9% Donuts 1.32 1.35 1.37 1.60 2.3% Pizza & Pizza Crust 1.06 1.08 1.09 1.23 1.7% Pies & Tarts 1.65 1.69 1.72 2.05 2.5% Brownies 0.82 0.82 0.83 0.89 1.1% Others 0.83 0.84 0.84 0.90 1.0% Total 16.24 16.60 16.98 20.46 2.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 79 FORECAST TO 2028 TABLE 53 UK: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 1.36 1.39 1.42 1.70 2.7% • Standard Bread 0.43 0.45 0.46 0.58 3.3% • Brioche 0.11 0.12 0.12 0.13 1.9% • Burger Bun 0.31 0.32 0.33 0.40 2.9% • Hot Dog Bun 0.20 0.20 0.20 0.24 2.6% • Tortilla 0.14 0.14 0.14 0.17 2.2% • Flat Bread 0.09 0.09 0.09 0.10 1.5% • Others 0.07 0.08 0.08 0.08 1.3% Cakes & Pastries 0.75 0.76 0.78 0.92 2.4% • Angel Food Cake 0.07 0.07 0.08 0.09 1.9% • Layer Cake 0.06 0.06 0.06 0.07 1.7% • Panettone 0.05 0.05 0.05 0.05 1.3% • Cup Cake 0.22 0.22 0.23 0.28 3.0% • Mug Cake 0.11 0.11 0.11 0.13 2.2% • Muffins 0.20 0.20 0.21 0.25 2.4% • Others 0.04 0.04 0.04 0.04 1.1% Cookies & Biscuits 0.64 0.65 0.66 0.76 2.1% Bagels 0.32 0.33 0.33 0.36 1.3% Donuts 0.35 0.36 0.36 0.40 1.6% Pizza & Pizza Crust 0.27 0.27 0.27 0.30 1.2% Pies & Tarts 0.45 0.46 0.47 0.53 1.9% Brownies 0.19 0.20 0.20 0.21 0.9% Others 0.19 0.19 0.19 0.20 0.8% Total 4.53 4.60 4.68 5.38 2.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 54 UK: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 10.40 10.65 10.92 13.32 2.9% Frozen 5.84 5.95 6.07 7.13 2.4% Total 16.24 16.60 16.98 20.46 2.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 80 FORECAST TO 2028 TABLE 55 UK: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 2.93 2.98 3.04 3.54 2.3% Frozen 1.59 1.61 1.64 1.84 1.7% Total 4.53 4.60 4.68 5.38 2.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 56 UK: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 10.98 11.25 11.53 14.11 3.0% • Supermarkets & Hypermarkets 3.78 3.88 3.98 4.88 3.0% • Convenience Stores 3.12 3.19 3.27 3.95 2.7% • In-Store Bakery 2.36 2.42 2.47 2.96 2.6% • Online 1.10 1.14 1.18 1.58 4.2% • Others 0.61 0.63 0.64 0.74 2.2% Foodservice 5.26 5.35 5.45 6.35 2.3% Total 16.24 16.60 16.98 20.46 2.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 57 UK: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 3.09 3.14 3.20 3.74 2.3% • Supermarkets & Hypermarkets 1.07 1.09 1.11 1.30 2.3% • Convenience Stores 0.87 0.88 0.90 1.04 2.1% • In-Store Bakery 0.65 0.66 0.67 0.77 2.0% • Online 0.33 0.34 0.35 0.45 3.4% • Others 0.17 0.17 0.17 0.19 1.5% Foodservice 1.44 1.46 1.47 1.64 1.6% Total 4.53 4.60 4.68 5.38 2.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 81 FORECAST TO 2028 9.3.7 F R ANCE TABLE 58 FRANCE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 6.47 6.73 6.99 9.40 4.4% • Standard Bread 1.97 2.06 2.16 3.03 5.0% • Brioche 0.58 0.60 0.62 0.79 3.6% • Burger Bun 1.46 1.52 1.58 2.16 4.5% • Hot Dog Bun 0.94 0.97 1.01 1.35 4.2% • Tortilla 0.67 0.70 0.72 0.94 3.9% • Flat Bread 0.47 0.48 0.49 0.62 3.3% • Others 0.39 0.40 0.41 0.51 3.0% Cakes & Pastries 3.75 3.87 4.00 5.19 3.8% • Angel Food Cake 0.38 0.39 0.40 0.50 3.3% • Layer Cake 0.32 0.33 0.33 0.41 3.1% • Panettone 0.25 0.25 0.26 0.32 2.8% • Cup Cake 1.06 1.10 1.15 1.56 4.5% • Mug Cake 0.54 0.55 0.57 0.73 3.6% • Muffins 1.00 1.03 1.07 1.40 3.9% • Others 0.21 0.22 0.22 0.27 2.6% Cookies & Biscuits 3.27 3.37 3.47 4.41 3.5% Bagels 1.78 1.81 1.85 2.21 2.6% Donuts 1.88 1.93 1.98 2.42 3.0% Pizza & Pizza Crust 1.50 1.53 1.56 1.84 2.4% Pies & Tarts 2.37 2.43 2.50 3.11 3.2% Brownies 1.14 1.16 1.17 1.33 1.8% Others 1.15 1.17 1.18 1.31 1.5% Total 23.31 23.99 24.71 31.21 3.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 82 FORECAST TO 2028 TABLE 59 FRANCE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 2.09 2.15 2.22 2.82 3.5% • Standard Bread 0.68 0.70 0.73 0.97 4.1% • Brioche 0.17 0.18 0.18 0.22 2.7% • Burger Bun 0.48 0.50 0.51 0.66 3.7% • Hot Dog Bun 0.30 0.31 0.32 0.40 3.4% • Tortilla 0.21 0.21 0.22 0.27 3.1% • Flat Bread 0.14 0.14 0.14 0.17 2.3% • Others 0.11 0.11 0.12 0.13 2.0% Cakes & Pastries 1.14 1.17 1.21 1.49 3.1% • Angel Food Cake 0.11 0.11 0.12 0.14 2.6% • Layer Cake 0.09 0.09 0.10 0.11 2.4% • Panettone 0.07 0.07 0.07 0.08 2.0% • Cup Cake 0.34 0.35 0.36 0.47 3.8% • Mug Cake 0.16 0.17 0.17 0.21 2.9% • Muffins 0.31 0.32 0.32 0.40 3.2% • Others 0.06 0.06 0.06 0.07 1.8% Cookies & Biscuits 0.97 0.99 1.02 1.23 2.8% Bagels 0.48 0.49 0.50 0.56 1.8% Donuts 0.53 0.54 0.55 0.64 2.3% Pizza & Pizza Crust 0.40 0.40 0.41 0.46 1.6% Pies & Tarts 0.68 0.70 0.71 0.85 2.6% Brownies 0.29 0.29 0.29 0.31 1.0% Others 0.28 0.28 0.28 0.30 0.9% Total 6.86 7.02 7.18 8.67 2.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 60 FRANCE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 14.98 15.45 15.94 20.40 3.6% Frozen 8.32 8.54 8.76 10.81 3.1% Total 23.31 23.99 24.71 31.21 3.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 83 FORECAST TO 2028 TABLE 61 FRANCE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 4.46 4.57 4.69 5.73 3.0% Frozen 2.40 2.45 2.50 2.94 2.4% Total 6.86 7.02 7.18 8.67 2.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 62 FRANCE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 15.82 16.32 16.85 21.61 3.7% • Supermarkets & Hypermarkets 5.46 5.63 5.82 7.49 3.7% • Convenience Stores 4.48 4.61 4.76 6.02 3.4% • In-Store Bakery 3.39 3.49 3.59 4.51 3.3% • Online 1.62 1.70 1.77 2.47 4.9% • Others 0.87 0.89 0.92 1.12 2.8% Foodservice 7.48 7.66 7.86 9.60 2.9% Total 23.31 23.99 24.71 31.21 3.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 63 FRANCE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 4.70 4.82 4.94 6.05 3.0% • Supermarkets & Hypermarkets 1.63 1.67 1.71 2.11 3.0% • Convenience Stores 1.32 1.35 1.38 1.67 2.8% • In-Store Bakery 0.99 1.01 1.03 1.24 2.6% • Online 0.52 0.54 0.56 0.74 4.1% • Others 0.25 0.25 0.26 0.30 2.1% Foodservice 2.16 2.20 2.24 2.61 2.3% Total 6.86 7.02 7.18 8.67 2.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 84 FORECAST TO 2028 9.3.8 SPAIN TABLE 64 SPAIN: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 2.76 2.83 2.91 3.60 3.1% • Standard Bread 0.87 0.90 0.93 1.20 3.7% • Brioche 0.24 0.24 0.25 0.29 2.3% • Burger Bun 0.63 0.65 0.67 0.84 3.3% • Hot Dog Bun 0.40 0.41 0.42 0.52 3.0% • Tortilla 0.28 0.29 0.29 0.35 2.7% • Flat Bread 0.19 0.19 0.19 0.22 1.9% • Others 0.16 0.16 0.16 0.18 1.7% Cakes & Pastries 1.55 1.58 1.61 1.93 2.6% • Angel Food Cake 0.15 0.15 0.16 0.18 2.1% • Layer Cake 0.13 0.13 0.13 0.15 1.9% • Panettone 0.10 0.10 0.10 0.11 1.5% • Cup Cake 0.46 0.47 0.48 0.60 3.2% • Mug Cake 0.22 0.22 0.23 0.27 2.4% • Muffins 0.41 0.42 0.43 0.52 2.7% • Others 0.08 0.08 0.08 0.09 1.3% Cookies & Biscuits 1.33 1.35 1.38 1.61 2.3% Bagels 0.68 0.69 0.70 0.76 1.4% Donuts 0.74 0.75 0.76 0.86 1.8% Pizza & Pizza Crust 0.57 0.57 0.58 0.63 1.2% Pies & Tarts 0.94 0.96 0.97 1.12 2.0% Brownies 0.42 0.42 0.42 0.44 0.5% Others 0.42 0.42 0.42 0.42 0.1% Total 9.41 9.57 9.75 11.35 2.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 85 FORECAST TO 2028 TABLE 65 SPAIN: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 0.80 0.82 0.83 0.95 2.0% • Standard Bread 0.27 0.28 0.28 0.34 2.6% • Brioche 0.06 0.06 0.07 0.07 1.2% • Burger Bun 0.19 0.19 0.19 0.23 2.2% • Hot Dog Bun 0.12 0.12 0.12 0.14 1.9% • Tortilla 0.08 0.08 0.08 0.09 1.6% • Flat Bread 0.05 0.05 0.05 0.05 0.7% • Others 0.04 0.04 0.04 0.04 0.4% Cakes & Pastries 0.43 0.44 0.44 0.50 1.8% • Angel Food Cake 0.04 0.04 0.04 0.05 1.4% • Layer Cake 0.03 0.03 0.03 0.04 1.1% • Panettone 0.03 0.03 0.03 0.03 0.7% • Cup Cake 0.13 0.14 0.14 0.16 2.4% • Mug Cake 0.06 0.06 0.06 0.07 1.6% • Muffins 0.12 0.12 0.12 0.14 1.9% • Others 0.02 0.02 0.02 0.02 0.5% Cookies & Biscuits 0.36 0.36 0.37 0.41 1.6% Bagels 0.17 0.17 0.17 0.18 0.9% Donuts 0.19 0.19 0.19 0.21 1.0% Pizza & Pizza Crust 0.14 0.14 0.14 0.14 0.6% Pies & Tarts 0.25 0.25 0.25 0.28 1.3% Brownies 0.10 0.10 0.10 0.10 0.4% Others 0.09 0.09 0.09 0.09 0.3% Total 2.52 2.55 2.58 2.86 1.5% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 66 SPAIN: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 6.11 6.23 6.36 7.50 2.4% Frozen 3.29 3.34 3.39 3.85 1.9% Total 9.41 9.57 9.75 11.35 2.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 86 FORECAST TO 2028 TABLE 67 SPAIN: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 1.66 1.68 1.70 1.91 1.7% Frozen 0.87 0.87 0.88 0.95 1.2% Total 2.52 2.55 2.58 2.86 1.5% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 68 SPAIN: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 6.47 6.60 6.74 7.96 2.5% • Supermarkets & Hypermarkets 2.24 2.28 2.33 2.77 2.5% • Convenience Stores 1.81 1.85 1.88 2.20 2.2% • In-Store Bakery 1.36 1.39 1.41 1.63 2.1% • Online 0.71 0.74 0.76 0.97 3.6% • Others 0.34 0.35 0.35 0.39 1.6% Foodservice 2.93 2.97 3.01 3.39 1.7% Total 9.41 9.57 9.75 11.35 2.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 69 SPAIN: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 1.75 1.78 1.80 2.03 1.8% • Supermarkets & Hypermarkets 0.61 0.62 0.63 0.71 1.8% • Convenience Stores 0.49 0.49 0.50 0.55 1.5% • In-Store Bakery 0.36 0.37 0.37 0.41 1.4% • Online 0.21 0.21 0.22 0.26 2.8% • Others 0.09 0.09 0.09 0.09 0.9% Foodservice 0.77 0.78 0.78 0.84 1.0% Total 2.52 2.55 2.58 2.86 1.5% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 87 FORECAST TO 2028 9.3.9 ITALY TABLE 70 ITALY: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 3.13 3.22 3.31 4.14 3.3% • Standard Bread 1.00 1.04 1.07 1.40 3.9% • Brioche 0.26 0.27 0.28 0.33 2.5% • Burger Bun 0.72 0.74 0.76 0.97 3.5% • Hot Dog Bun 0.45 0.46 0.48 0.59 3.2% • Tortilla 0.31 0.32 0.33 0.40 2.8% • Flat Bread 0.21 0.21 0.21 0.25 2.1% • Others 0.17 0.17 0.18 0.20 1.9% Cakes & Pastries 1.74 1.78 1.82 2.22 2.9% • Angel Food Cake 0.17 0.17 0.18 0.21 2.4% • Layer Cake 0.14 0.14 0.14 0.17 2.2% • Panettone 0.11 0.11 0.11 0.12 1.8% • Cup Cake 0.52 0.53 0.55 0.70 3.5% • Mug Cake 0.25 0.25 0.26 0.31 2.7% • Muffins 0.47 0.48 0.49 0.60 3.0% • Others 0.09 0.09 0.09 0.10 1.6% Cookies & Biscuits 1.48 1.51 1.54 1.85 2.6% Bagels 0.75 0.76 0.77 0.86 1.7% Donuts 0.82 0.83 0.84 0.97 2.1% Pizza & Pizza Crust 0.62 0.63 0.64 0.70 1.5% Pies & Tarts 1.05 1.07 1.09 1.28 2.4% Brownies 0.45 0.46 0.46 0.50 1.3% Others 0.45 0.45 0.45 0.49 1.0% Total 10.48 10.70 10.93 13.01 2.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 88 FORECAST TO 2028 TABLE 71 ITALY: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 0.93 0.95 0.97 1.14 2.4% • Standard Bread 0.32 0.33 0.33 0.41 3.0% • Brioche 0.07 0.07 0.07 0.08 1.6% • Burger Bun 0.22 0.22 0.23 0.27 2.6% • Hot Dog Bun 0.13 0.14 0.14 0.16 2.3% • Tortilla 0.09 0.09 0.09 0.11 1.9% • Flat Bread 0.06 0.06 0.06 0.06 1.1% • Others 0.04 0.04 0.05 0.05 0.8% Cakes & Pastries 0.50 0.50 0.51 0.59 2.1% • Angel Food Cake 0.047 0.047 0.048 0.054 1.6% • Layer Cake 0.038 0.039 0.039 0.043 1.4% • Panettone 0.028 0.029 0.029 0.031 1.0% • Cup Cake 0.155 0.158 0.162 0.196 2.7% • Mug Cake 0.069 0.071 0.072 0.082 1.9% • Muffins 0.134 0.136 0.139 0.162 2.2% • Others 0.024 0.024 0.024 0.025 0.7% Cookies & Biscuits 0.41 0.42 0.42 0.49 2.0% Bagels 0.19 0.19 0.19 0.21 1.2% Donuts 0.21 0.22 0.22 0.24 1.5% Pizza & Pizza Crust 0.15 0.15 0.16 0.17 0.9% Pies & Tarts 0.28 0.29 0.29 0.32 1.7% Brownies 0.11 0.11 0.11 0.11 0.7% Others 0.10 0.10 0.10 0.10 0.4% Total 2.88 2.93 2.97 3.38 1.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 72 ITALY: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 6.84 6.99 7.16 8.63 2.8% Frozen 3.64 3.71 3.77 4.38 2.2% Total 10.48 10.70 10.93 13.01 2.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 89 FORECAST TO 2028 TABLE 73 ITALY: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 1.90 1.93 1.97 2.26 2.1% Frozen 0.98 0.99 1.00 1.11 1.5% Total 2.88 2.93 2.97 3.38 1.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 74 ITALY: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 7.24 7.41 7.58 9.17 2.8% • Supermarkets & Hypermarkets 2.51 2.57 2.63 3.19 2.8% • Convenience Stores 2.02 2.06 2.11 2.52 2.6% • In-Store Bakery 1.52 1.55 1.58 1.87 2.4% • Online 0.82 0.85 0.88 1.14 3.9% • Others 0.38 0.38 0.39 0.44 1.9% Foodservice 3.24 3.29 3.34 3.85 2.1% Total 10.48 10.70 10.93 13.01 2.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 75 ITALY: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 2.011 2.044 2.079 2.400 2.1% • Supermarkets & Hypermarkets 0.70 0.71 0.72 0.84 2.1% • Convenience Stores 0.56 0.56 0.57 0.65 1.9% • In-Store Bakery 0.41 0.42 0.43 0.48 1.8% • Online 0.24 0.25 0.26 0.32 3.1% • Others 0.10 0.10 0.10 0.11 1.2% Foodservice 0.874 0.882 0.891 0.978 1.4% Total 2.885 2.926 2.970 3.377 1.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 90 FORECAST TO 2028 9.3.10 R EST OF EUR OPE TABLE 76 REST OF EUROPE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 8.50 8.70 8.92 10.83 2.9% • Standard Bread 2.64 2.73 2.81 3.57 3.5% • Brioche 0.74 0.75 0.77 0.89 2.1% • Burger Bun 1.93 1.98 2.03 2.51 3.0% • Hot Dog Bun 1.23 1.26 1.29 1.56 2.7% • Tortilla 0.87 0.89 0.91 1.07 2.4% • Flat Bread 0.59 0.60 0.61 0.68 1.7% • Others 0.49 0.50 0.51 0.56 1.5% Cakes & Pastries 4.67 4.77 4.87 5.76 2.5% • Angel Food Cake 0.46 0.47 0.48 0.55 2.0% • Layer Cake 0.39 0.39 0.40 0.45 1.8% • Panettone 0.30 0.30 0.31 0.34 1.4% • Cup Cake 1.35 1.39 1.43 1.77 3.1% • Mug Cake 0.67 0.68 0.69 0.81 2.3% • Muffins 1.25 1.28 1.30 1.56 2.5% • Others 0.26 0.26 0.26 0.28 1.2% Cookies & Biscuits 3.96 4.03 4.10 4.77 2.2% Bagels 1.97 1.98 2.00 2.17 1.2% Donuts 2.17 2.19 2.22 2.49 1.7% Pizza & Pizza Crust 1.63 1.64 1.65 1.77 1.0% Pies & Tarts 2.79 2.83 2.87 3.28 1.9% Brownies 1.19 1.19 1.20 1.27 0.9% Others 1.16 1.17 1.17 1.21 0.5% Total 28.04 28.51 29.01 33.56 2.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 91 FORECAST TO 2028 TABLE 77 REST OF EUROPE: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 2.35 2.38 2.42 2.76 1.9% • Standard Bread 0.78 0.79 0.81 0.96 2.5% • Brioche 0.19 0.19 0.19 0.21 1.1% • Burger Bun 0.54 0.55 0.56 0.65 2.1% • Hot Dog Bun 0.34 0.34 0.35 0.39 1.8% • Tortilla 0.23 0.23 0.24 0.26 1.5% • Flat Bread 0.15 0.15 0.15 0.16 0.7% • Others 0.12 0.12 0.12 0.12 0.4% Cakes & Pastries 1.27 1.28 1.30 1.45 1.6% • Angel Food Cake 0.12 0.12 0.12 0.13 1.2% • Layer Cake 0.10 0.10 0.10 0.11 0.9% • Panettone 0.08 0.08 0.08 0.08 0.5% • Cup Cake 0.38 0.39 0.40 0.47 2.2% • Mug Cake 0.18 0.18 0.18 0.20 1.4% • Muffins 0.34 0.35 0.35 0.39 1.7% • Others 0.06 0.06 0.06 0.07 0.3% Cookies & Biscuits 1.06 1.07 1.08 1.20 1.5% Bagels 0.50 0.50 0.51 0.53 0.8% Donuts 0.56 0.57 0.57 0.62 1.1% Pizza & Pizza Crust 0.41 0.41 0.41 0.43 0.6% Pies & Tarts 0.74 0.74 0.75 0.81 1.2% Brownies 0.30 0.30 0.30 0.31 0.5% Others 0.29 0.29 0.29 0.29 0.3% Total 7.47 7.55 7.63 8.40 1.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 78 REST OF EUROPE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 18.14 18.48 18.84 22.08 2.3% Frozen 9.90 10.03 10.17 11.49 1.8% Total 28.04 28.51 29.01 33.56 2.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 92 FORECAST TO 2028 TABLE 79 REST OF EUROPE: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 4.89 4.95 5.01 5.58 1.6% Frozen 2.58 2.60 2.62 2.81 1.1% Total 7.47 7.55 7.63 8.40 1.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 80 REST OF EUROPE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 19.18 19.55 19.93 23.41 2.4% • Supermarkets & Hypermarkets 6.63 6.76 6.89 8.13 2.4% • Convenience Stores 5.40 5.49 5.59 6.49 2.1% • In-Store Bakery 4.07 4.14 4.21 4.84 2.0% • Online 2.05 2.12 2.19 2.78 3.5% • Others 1.03 1.04 1.06 1.18 1.5% Foodservice 8.86 8.96 9.08 10.15 1.7% Total 28.04 28.51 29.01 33.56 2.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 81 REST OF EUROPE: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 5.16 5.22 5.29 5.91 1.6% • Supermarkets & Hypermarkets 1.79 1.81 1.83 2.06 1.7% • Convenience Stores 1.44 1.45 1.47 1.62 1.4% • In-Store Bakery 1.08 1.09 1.10 1.20 1.3% • Online 0.59 0.61 0.62 0.75 2.7% • Others 0.27 0.27 0.27 0.28 0.8% Foodservice 2.32 2.33 2.34 2.49 0.9% Total 7.47 7.55 7.63 8.40 1.4% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 93 FORECAST TO 2028 9.4 ASIA-PACIFIC Asia-Pacific is expected to be an attractive regional market for the manufacturers of bakery products during the review period. The region has accounted for a market share of 25.70% in the global bakery products market. The region is projected to expand at the highest CAGR of 4.0% during the forecast period of 2021-2028. The significant factors for the rising growth of bakery products are the increasingly hectic lifestyles of the consumers coupled with the popularity of convenient food products in the emerging economies. Consumers are opting for nutritious bakery products with enhanced shelf life which, in turn, propels the growth of the Asia-Pacific bakery products market. Also, the organized retail sector in developing economies of the Asia-Pacific region has witnessed rapid growth over the last few years which is anticipated to act as a major factor for the growth of the bakery products market in the AsiaPacific region. Online retailing is one of the major trends in emerging economies. Also, the increasing per capita disposable income of the consumers is further expected to fuel the growth of the bakery products market in the Asia-Pacific region. China has accounted for a 34.34% share in the Asia-Pacific bakery products market in 2020 and is estimated to retain its dominance throughout the forecast period. FIGURE 27 ASIA-PACIFIC: BAKERY PRODUCTS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 26.39% 34.34% China Japan India Australia & New Zealand 8.54% Rest of Asia-Pacific 13.73% 17.00% Source: Industry Experts, Secondary Research, and MRFR Analysis 9.4.1 ASIA- PACIFIC BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, B Y COUNTR Y, 2019– 2028 TABLE 82 ASIA-PACIFIC: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD BILLION) Country CAGR 2019 2020 2021 2028 China 27.96 29.17 30.45 42.14 4.8% Japan 13.91 14.44 15.00 20.13 4.3% India 11.28 11.66 12.07 15.70 3.9% Australia & New Zealand 7.02 7.25 7.50 9.70 3.8% Rest of Asia-Pacific 21.87 22.42 22.99 28.03 2.9% Total 82.05 84.94 88.01 115.70 4.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 94 FORECAST TO 2028 TABLE 83 ASIA-PACIFIC: MARKET ESTIMATES, BY COUNTRY, 2019–2028 (MILLION TONS) Country CAGR 2019 2020 2021 2028 China 9.17 9.51 9.86 12.99 4.1% India 4.44 4.58 4.73 6.05 3.6% Japan 3.51 3.60 3.70 4.60 3.2% Australia & New Zealand 2.17 2.23 2.29 2.83 3.1% Rest of Asia-Pacific 6.44 6.56 6.68 7.73 2.2% Total 25.74 26.48 27.26 34.21 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 95 FORECAST TO 2028 9.4.2 ASIA- PACIFIC BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, BY PR ODUCT TYPE, 2019–2028 TABLE 84 ASIA-PACIFIC: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 23.36 24.41 25.52 35.66 4.9% • Standard Bread 7.23 7.60 8.00 11.68 5.6% • Brioche 2.05 2.13 2.21 2.93 4.2% • Burger Bun 5.29 5.54 5.80 8.23 5.1% • Hot Dog Bun 3.38 3.53 3.69 5.13 4.8% • Tortilla 2.40 2.50 2.60 3.54 4.5% • Flat Bread 1.64 1.69 1.75 2.27 3.8% • Others 1.37 1.42 1.47 1.87 3.6% Cakes & Pastries 13.32 13.85 14.40 19.42 4.4% • Angel Food Cake 1.32 1.37 1.42 1.86 3.9% • Layer Cake 1.11 1.15 1.18 1.53 3.7% • Panettone 0.86 0.89 0.92 1.15 3.3% • Cup Cake 3.83 4.01 4.20 5.93 5.1% • Mug Cake 1.90 1.98 2.05 2.74 4.2% • Muffins 3.56 3.70 3.86 5.24 4.5% • Others 0.74 0.76 0.78 0.97 3.2% Cookies & Biscuits 11.53 11.95 12.39 16.37 4.1% Bagels 6.12 6.28 6.46 8.00 3.2% Donuts 6.55 6.75 6.97 8.87 3.6% Pizza & Pizza Crust 5.14 5.27 5.40 6.62 3.0% Pies & Tarts 8.28 8.56 8.85 11.47 3.8% Brownies 3.86 3.93 4.01 4.70 2.3% Others 3.87 3.94 4.01 4.59 2.0% Total 82.05 84.94 88.01 115.70 4.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 96 FORECAST TO 2028 TABLE 85 ASIA-PACIFIC: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 7.98 8.27 8.58 11.31 4.0% • Standard Bread 2.63 2.74 2.86 3.93 4.6% • Brioche 0.65 0.67 0.69 0.86 3.2% • Burger Bun 1.85 1.92 1.99 2.67 4.2% • Hot Dog Bun 1.15 1.19 1.23 1.61 3.9% • Tortilla 0.79 0.81 0.84 1.08 3.6% • Flat Bread 0.50 0.52 0.53 0.64 2.8% • Others 0.41 0.42 0.43 0.51 2.5% Cakes & Pastries 4.33 4.47 4.62 5.94 3.6% • Angel Food Cake 0.42 0.43 0.44 0.55 3.2% • Layer Cake 0.35 0.35 0.36 0.45 3.0% • Panettone 0.26 0.27 0.27 0.33 2.6% • Cup Cake 1.31 1.36 1.41 1.90 4.3% • Mug Cake 0.61 0.63 0.65 0.83 3.5% • Muffins 1.17 1.21 1.25 1.61 3.8% • Others 0.22 0.23 0.23 0.27 2.3% Cookies & Biscuits 3.64 3.75 3.86 4.87 3.4% Bagels 1.77 1.80 1.84 2.17 2.4% Donuts 1.97 2.01 2.06 2.51 2.8% Pizza & Pizza Crust 1.46 1.49 1.51 1.76 2.2% Pies & Tarts 2.55 2.62 2.69 3.32 3.1% Brownies 1.03 1.05 1.06 1.19 1.6% Others 1.00 1.02 1.03 1.14 1.5% Total 25.74 26.48 27.26 34.21 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 97 FORECAST TO 2028 9.4.3 ASIA- PACIFIC BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, BY CATEGOR Y, 2019–2028 TABLE 86 ASIA-PACIFIC: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 52.99 54.96 57.05 75.98 4.2% Frozen 29.05 29.98 30.95 39.72 3.7% Total 82.05 84.94 88.01 115.70 4.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 87 ASIA-PACIFIC: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 16.81 17.33 17.87 22.71 3.5% Frozen 8.93 9.15 9.39 11.50 3.0% Total 25.74 26.48 27.26 34.21 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis 9.4.4 ASIA- PACIFIC BAKER Y PR ODUCTS MAR KET ESTIMATES & F OR ECAST, BY DISTR IBUTION CHANNEL, 2019–2028 TABLE 88 ASIA-PACIFIC: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 56.01 58.12 60.35 80.56 4.3% • Supermarkets & Hypermarkets 19.34 20.08 20.86 27.96 4.3% • Convenience Stores 15.79 16.36 16.95 22.35 4.0% • In-Store Bakery 11.91 12.33 12.76 16.70 3.9% • Online 5.93 6.23 6.55 9.47 5.4% • Others 3.04 3.13 3.22 4.08 3.4% Foodservice 26.03 26.82 27.66 35.14 3.5% Total 82.05 84.94 88.01 115.70 4.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 98 FORECAST TO 2028 TABLE 89 ASIA-PACIFIC: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 17.73 18.28 18.86 24.03 3.6% • Supermarkets & Hypermarkets 6.14 6.34 6.54 8.37 3.6% • Convenience Stores 4.94 5.09 5.24 6.59 3.3% • In-Store Bakery 3.71 3.81 3.92 4.89 3.2% • Online 2.02 2.10 2.19 3.01 4.6% • Others 0.92 0.94 0.96 1.16 2.7% Foodservice 8.01 8.20 8.40 10.18 2.8% Total 25.74 26.48 27.26 34.21 3.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 99 FORECAST TO 2028 9.4.5 CHINA TABLE 90 CHINA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 8.13 8.56 9.01 13.24 5.7% • Standard Bread 2.56 2.71 2.87 4.40 6.3% • Brioche 0.70 0.73 0.77 1.07 4.9% • Burger Bun 1.85 1.95 2.06 3.07 5.9% • Hot Dog Bun 1.17 1.24 1.30 1.90 5.6% • Tortilla 0.83 0.87 0.91 1.30 5.2% • Flat Bread 0.56 0.58 0.60 0.82 4.5% • Others 0.46 0.48 0.50 0.67 4.3% Cakes & Pastries 4.58 4.80 5.02 7.13 5.2% • Angel Food Cake 0.45 0.47 0.49 0.67 4.7% • Layer Cake 0.38 0.39 0.41 0.55 4.5% • Panettone 0.29 0.30 0.31 0.41 4.1% • Cup Cake 1.34 1.41 1.49 2.21 5.8% • Mug Cake 0.65 0.68 0.71 1.00 5.0% • Muffins 1.23 1.29 1.35 1.93 5.2% • Others 0.25 0.26 0.26 0.35 3.9% Cookies & Biscuits 3.94 4.11 4.29 5.97 4.9% Bagels 2.05 2.12 2.19 2.86 3.9% Donuts 2.21 2.30 2.39 3.20 4.3% Pizza & Pizza Crust 1.71 1.77 1.83 2.35 3.7% Pies & Tarts 2.81 2.93 3.05 4.16 4.6% Brownies 1.27 1.30 1.34 1.65 3.0% Others 1.27 1.30 1.33 1.58 2.6% Total 27.96 29.17 30.45 42.14 4.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 100 FORECAST TO 2028 TABLE 91 CHINA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 2.90 3.03 3.16 4.38 4.8% • Standard Bread 0.97 1.02 1.07 1.54 5.4% • Brioche 0.23 0.24 0.25 0.33 4.0% • Burger Bun 0.67 0.71 0.74 1.04 5.0% • Hot Dog Bun 0.42 0.43 0.45 0.62 4.7% • Tortilla 0.28 0.29 0.31 0.41 4.3% • Flat Bread 0.18 0.18 0.19 0.24 3.5% • Others 0.15 0.15 0.15 0.19 3.2% Cakes & Pastries 1.56 1.62 1.69 2.28 4.4% • Angel Food Cake 0.15 0.15 0.16 0.21 3.9% • Layer Cake 0.12 0.13 0.13 0.17 3.7% • Panettone 0.09 0.09 0.10 0.12 3.3% • Cup Cake 0.48 0.50 0.52 0.74 5.0% • Mug Cake 0.22 0.23 0.24 0.32 4.2% • Muffins 0.42 0.44 0.46 0.62 4.5% • Others 0.08 0.08 0.08 0.10 3.0% Cookies & Biscuits 1.30 1.35 1.40 1.85 4.1% Bagels 0.62 0.63 0.65 0.80 3.1% Donuts 0.69 0.71 0.74 0.94 3.6% Pizza & Pizza Crust 0.51 0.52 0.53 0.65 2.9% Pies & Tarts 0.90 0.93 0.97 1.26 3.9% Brownies 0.35 0.36 0.37 0.43 2.2% Others 0.34 0.35 0.35 0.41 2.0% Total 9.17 9.51 9.86 12.99 4.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 92 CHINA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 18.14 18.96 19.83 27.80 5.0% Frozen 9.82 10.21 10.62 14.34 4.4% Total 27.96 29.17 30.45 42.14 4.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 101 FORECAST TO 2028 TABLE 93 CHINA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 6.02 6.25 6.49 8.66 4.3% Frozen 3.15 3.26 3.37 4.33 3.7% Total 9.17 9.51 9.86 12.99 4.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 94 CHINA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 19.20 20.07 21.00 29.50 5.0% • Supermarkets & Hypermarkets 6.64 6.94 7.27 10.25 5.0% • Convenience Stores 5.39 5.62 5.87 8.15 4.8% • In-Store Bakery 4.05 4.23 4.41 6.07 4.7% • Online 2.09 2.22 2.35 3.56 6.2% • Others 1.02 1.06 1.10 1.46 4.2% Foodservice 8.77 9.10 9.45 12.64 4.3% Total 27.96 29.17 30.45 42.14 4.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 95 CHINA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 6.35 6.60 6.86 9.17 4.3% • Supermarkets & Hypermarkets 2.20 2.29 2.38 3.20 4.3% • Convenience Stores 1.76 1.83 1.90 2.51 4.1% • In-Store Bakery 1.32 1.37 1.42 1.85 3.9% • Online 0.74 0.78 0.82 1.18 5.3% • Others 0.32 0.33 0.34 0.43 3.4% Foodservice 2.82 2.91 3.00 3.82 3.5% Total 9.17 9.51 9.86 12.99 4.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 102 FORECAST TO 2028 9.4.6 INDIA TABLE 96 INDIA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 3.13 3.27 3.41 4.73 4.8% • Standard Bread 0.95 1.00 1.05 1.52 5.4% • Brioche 0.28 0.29 0.30 0.40 4.0% • Burger Bun 0.71 0.74 0.77 1.09 5.0% • Hot Dog Bun 0.45 0.47 0.49 0.68 4.7% • Tortilla 0.33 0.34 0.35 0.47 4.4% • Flat Bread 0.23 0.23 0.24 0.31 3.7% • Others 0.19 0.20 0.20 0.26 3.5% Cakes & Pastries 1.81 1.88 1.95 2.61 4.3% • Angel Food Cake 0.18 0.19 0.19 0.25 3.8% • Layer Cake 0.15 0.16 0.16 0.21 3.6% • Panettone 0.12 0.12 0.13 0.16 3.2% • Cup Cake 0.51 0.54 0.56 0.78 4.9% • Mug Cake 0.26 0.27 0.28 0.37 4.1% • Muffins 0.48 0.50 0.52 0.70 4.3% • Others 0.10 0.11 0.11 0.13 3.1% Cookies & Biscuits 1.58 1.64 1.70 2.22 4.0% Bagels 0.86 0.88 0.90 1.11 3.0% Donuts 0.91 0.94 0.97 1.22 3.4% Pizza & Pizza Crust 0.72 0.74 0.76 0.92 2.9% Pies & Tarts 1.15 1.18 1.22 1.57 3.7% Brownies 0.55 0.56 0.57 0.67 2.3% Others 0.56 0.57 0.58 0.66 1.9% Total 11.28 11.66 12.07 15.70 3.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 103 FORECAST TO 2028 TABLE 97 INDIA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 1.07 1.11 1.14 1.50 4.0% • Standard Bread 0.35 0.36 0.38 0.51 4.5% • Brioche 0.09 0.09 0.09 0.12 3.1% • Burger Bun 0.25 0.25 0.26 0.35 4.1% • Hot Dog Bun 0.15 0.16 0.16 0.21 3.8% • Tortilla 0.11 0.11 0.11 0.14 3.5% • Flat Bread 0.07 0.07 0.07 0.09 2.7% • Others 0.06 0.06 0.06 0.07 2.5% Cakes & Pastries 0.59 0.60 0.62 0.79 3.6% • Angel Food Cake 0.06 0.06 0.06 0.07 3.1% • Layer Cake 0.05 0.05 0.05 0.06 2.8% • Panettone 0.04 0.04 0.04 0.04 2.5% • Cup Cake 0.17 0.18 0.19 0.25 4.2% • Mug Cake 0.08 0.09 0.09 0.11 3.4% • Muffins 0.16 0.16 0.17 0.21 3.6% • Others 0.03 0.03 0.03 0.04 2.3% Cookies & Biscuits 0.50 0.51 0.52 0.65 3.3% Bagels 0.25 0.25 0.26 0.30 2.3% Donuts 0.27 0.28 0.28 0.34 2.7% Pizza & Pizza Crust 0.20 0.21 0.21 0.24 2.1% Pies & Tarts 0.35 0.36 0.37 0.45 3.0% Brownies 0.15 0.15 0.15 0.17 1.5% Others 0.14 0.14 0.15 0.16 1.3% Total 3.51 3.60 3.70 4.60 3.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 98 INDIA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 7.25 7.51 7.79 10.26 4.1% Frozen 4.03 4.15 4.28 5.44 3.5% Total 11.28 11.66 12.07 15.70 3.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 104 FORECAST TO 2028 TABLE 99 INDIA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 2.28 2.35 2.42 3.04 3.4% Frozen 1.23 1.26 1.29 1.56 2.8% Total 3.51 3.60 3.70 4.60 3.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 100 INDIA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 7.66 7.94 8.23 10.87 4.1% • Supermarkets & Hypermarkets 2.64 2.74 2.84 3.77 4.1% • Convenience Stores 2.17 2.24 2.32 3.03 3.9% • In-Store Bakery 1.64 1.70 1.75 2.27 3.8% • Online 0.79 0.82 0.87 1.24 5.3% • Others 0.42 0.43 0.45 0.56 3.3% Foodservice 3.62 3.73 3.84 4.83 3.4% Total 11.28 11.66 12.07 15.70 3.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 101 INDIA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 2.40 2.47 2.55 3.21 3.4% • Supermarkets & Hypermarkets 0.83 0.86 0.88 1.12 3.4% • Convenience Stores 0.67 0.69 0.71 0.89 3.2% • In-Store Bakery 0.51 0.52 0.53 0.66 3.1% • Online 0.27 0.28 0.29 0.39 4.5% • Others 0.13 0.13 0.13 0.16 2.6% Foodservice 1.11 1.13 1.16 1.39 2.7% Total 3.51 3.60 3.70 4.60 3.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 105 FORECAST TO 2028 9.4.7 JAPAN TABLE 102 JAPAN: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 3.79 3.97 4.17 5.96 5.2% • Standard Bread 1.139 1.202 1.269 1.897 5.9% • Brioche 0.343 0.357 0.372 0.507 4.5% • Burger Bun 0.850 0.893 0.938 1.362 5.5% • Hot Dog Bun 0.550 0.577 0.604 0.860 5.2% • Tortilla 0.397 0.414 0.433 0.602 4.8% • Flat Bread 0.278 0.288 0.300 0.399 4.2% • Others 0.235 0.244 0.253 0.332 4.0% Cakes & Pastries 2.22 2.31 2.41 3.32 4.7% • Angel Food Cake 0.22 0.23 0.24 0.32 4.3% • Layer Cake 0.19 0.20 0.20 0.27 4.0% • Panettone 0.15 0.15 0.16 0.21 3.7% • Cup Cake 0.62 0.65 0.68 0.98 5.4% • Mug Cake 0.32 0.33 0.35 0.47 4.5% • Muffins 0.59 0.62 0.64 0.89 4.8% • Others 0.13 0.13 0.14 0.17 3.5% Cookies & Biscuits 1.95 2.02 2.11 2.84 4.4% Bagels 1.08 1.11 1.14 1.45 3.4% Donuts 1.13 1.17 1.21 1.58 3.8% Pizza & Pizza Crust 0.91 0.94 0.96 1.21 3.3% Pies & Tarts 1.42 1.47 1.52 2.02 4.1% Brownies 0.70 0.72 0.73 0.88 2.6% Others 0.71 0.73 0.74 0.89 2.5% Total 13.91 14.44 15.00 20.13 4.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 106 FORECAST TO 2028 TABLE 103 JAPAN: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 1.33 1.38 1.44 1.92 4.2% • Standard Bread 0.43 0.45 0.47 0.65 4.9% • Brioche 0.11 0.12 0.12 0.15 3.5% • Burger Bun 0.30 0.32 0.33 0.45 4.5% • Hot Dog Bun 0.19 0.20 0.21 0.27 4.2% • Tortilla 0.13 0.14 0.14 0.19 3.8% • Flat Bread 0.09 0.09 0.09 0.12 3.1% • Others 0.07 0.07 0.08 0.09 2.8% Cakes & Pastries 0.74 0.76 0.79 1.03 3.9% • Angel Food Cake 0.07 0.07 0.08 0.10 3.5% • Layer Cake 0.06 0.06 0.06 0.08 3.2% • Panettone 0.05 0.05 0.05 0.06 2.9% • Cup Cake 0.21 0.22 0.23 0.32 4.6% • Mug Cake 0.10 0.11 0.11 0.14 3.8% • Muffins 0.20 0.20 0.21 0.28 4.0% • Others 0.04 0.04 0.04 0.05 2.7% Cookies & Biscuits 0.63 0.65 0.67 0.86 3.7% Bagels 0.32 0.32 0.33 0.41 2.8% Donuts 0.35 0.36 0.37 0.45 3.1% Pizza & Pizza Crust 0.26 0.27 0.28 0.33 2.7% Pies & Tarts 0.44 0.46 0.47 0.59 3.4% Brownies 0.19 0.20 0.20 0.24 2.4% Others 0.19 0.19 0.19 0.23 2.3% Total 4.44 4.58 4.73 6.05 3.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 104 JAPAN: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 8.91 9.27 9.65 13.11 4.5% Frozen 5.00 5.17 5.36 7.02 4.0% Total 13.91 14.44 15.00 20.13 4.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 107 FORECAST TO 2028 TABLE 105 JAPAN: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 2.88 2.97 3.07 3.99 3.8% Frozen 1.56 1.61 1.66 2.07 3.3% Total 4.44 4.58 4.73 6.05 3.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 106 JAPAN: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 9.40 9.78 10.19 13.88 4.6% • Supermarkets & Hypermarkets 3.24 3.37 3.51 4.81 4.6% • Convenience Stores 2.67 2.78 2.89 3.88 4.3% • In-Store Bakery 2.02 2.10 2.18 2.92 4.2% • Online 0.94 0.99 1.05 1.55 5.8% • Others 0.53 0.54 0.56 0.73 3.7% Foodservice 4.51 4.66 4.82 6.25 3.8% Total 13.91 14.44 15.00 20.13 4.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 107 JAPAN: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 3.03 3.13 3.24 4.21 3.9% • Supermarkets & Hypermarkets 1.05 1.08 1.12 1.46 3.9% • Convenience Stores 0.85 0.88 0.91 1.17 3.6% • In-Store Bakery 0.64 0.66 0.68 0.87 3.5% • Online 0.33 0.34 0.36 0.50 5.0% • Others 0.16 0.17 0.17 0.21 3.0% Foodservice 1.41 1.45 1.49 1.84 3.1% Total 4.44 4.58 4.73 6.05 3.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 108 FORECAST TO 2028 9.4.8 AUSTR ALIA & NEW ZEALAND TABLE 108 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 2.06 2.15 2.24 3.07 4.7% • Standard Bread 0.65 0.68 0.72 1.03 5.3% • Brioche 0.18 0.18 0.19 0.25 3.9% • Burger Bun 0.47 0.49 0.51 0.71 4.8% • Hot Dog Bun 0.30 0.31 0.32 0.44 4.5% • Tortilla 0.21 0.22 0.23 0.30 4.2% • Flat Bread 0.14 0.14 0.15 0.19 3.5% • Others 0.12 0.12 0.12 0.15 3.2% Cakes & Pastries 1.15 1.20 1.24 1.65 4.2% • Angel Food Cake 0.11 0.12 0.12 0.16 3.7% • Layer Cake 0.09 0.10 0.10 0.13 3.5% • Panettone 0.07 0.07 0.08 0.09 3.1% • Cup Cake 0.34 0.35 0.37 0.51 4.8% • Mug Cake 0.16 0.17 0.18 0.23 4.0% • Muffins 0.31 0.32 0.33 0.45 4.2% • Others 0.06 0.06 0.06 0.08 2.9% Cookies & Biscuits 0.99 1.02 1.06 1.37 3.9% Bagels 0.51 0.52 0.54 0.65 2.9% Donuts 0.55 0.57 0.58 0.73 3.3% Pizza & Pizza Crust 0.43 0.44 0.45 0.54 2.7% Pies & Tarts 0.70 0.73 0.75 0.96 3.6% Brownies 0.31 0.32 0.32 0.37 2.0% Others 0.31 0.32 0.32 0.36 1.6% Total 7.02 7.25 7.50 9.70 3.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 109 FORECAST TO 2028 TABLE 109 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 0.69 0.72 0.74 0.96 3.8% • Standard Bread 0.23 0.24 0.25 0.34 4.4% • Brioche 0.06 0.06 0.06 0.07 3.0% • Burger Bun 0.16 0.17 0.17 0.23 4.0% • Hot Dog Bun 0.10 0.10 0.11 0.14 3.7% • Tortilla 0.07 0.07 0.07 0.09 3.3% • Flat Bread 0.04 0.04 0.04 0.05 2.5% • Others 0.03 0.03 0.04 0.04 2.2% Cakes & Pastries 0.37 0.38 0.39 0.50 3.4% • Angel Food Cake 0.04 0.04 0.04 0.05 3.0% • Layer Cake 0.03 0.03 0.03 0.04 2.7% • Panettone 0.02 0.02 0.02 0.03 2.3% • Cup Cake 0.11 0.12 0.12 0.16 4.1% • Mug Cake 0.05 0.05 0.06 0.07 3.3% • Muffins 0.10 0.10 0.11 0.14 3.5% • Others 0.02 0.02 0.02 0.02 2.1% Cookies & Biscuits 0.31 0.32 0.33 0.40 3.2% Bagels 0.14 0.15 0.15 0.17 2.1% Donuts 0.16 0.17 0.17 0.20 2.6% Pizza & Pizza Crust 0.12 0.12 0.12 0.14 1.9% Pies & Tarts 0.21 0.22 0.22 0.27 2.9% Brownies 0.08 0.08 0.08 0.09 1.2% Others 0.08 0.08 0.08 0.09 1.0% Total 2.17 2.23 2.29 2.83 3.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 110 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 4.57 4.72 4.89 6.41 4.0% Frozen 2.46 2.53 2.61 3.29 3.4% Total 7.02 7.25 7.50 9.70 3.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 110 FORECAST TO 2028 TABLE 111 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 1.43 1.47 1.51 1.89 3.3% Frozen 0.74 0.76 0.78 0.94 2.7% Total 2.17 2.23 2.29 2.83 3.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 112 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 4.83 5.00 5.18 6.80 4.0% • Supermarkets & Hypermarkets 1.67 1.73 1.79 2.37 4.0% • Convenience Stores 1.35 1.40 1.45 1.88 3.8% • In-Store Bakery 1.02 1.05 1.08 1.40 3.7% • Online 0.53 0.56 0.59 0.83 5.1% • Others 0.26 0.26 0.27 0.33 3.1% Foodservice 2.19 2.25 2.32 2.89 3.3% Total 7.02 7.25 7.50 9.70 3.8% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 113 AUSTRALIA & NEW ZEALAND: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 1.51 1.55 1.60 2.00 3.3% • Supermarkets & Hypermarkets 0.52 0.54 0.55 0.70 3.3% • Convenience Stores 0.42 0.43 0.44 0.55 3.1% • In-Store Bakery 0.31 0.32 0.33 0.40 3.0% • Online 0.18 0.19 0.19 0.26 4.3% • Others 0.08 0.08 0.08 0.09 2.4% Foodservice 0.66 0.68 0.69 0.83 2.6% Total 2.17 2.23 2.29 2.83 3.1% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 111 FORECAST TO 2028 9.4.9 R EST OF ASIA- PACIFIC TABLE 114 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 6.25 6.46 6.68 8.66 3.8% • Standard Bread 1.93 2.01 2.09 2.83 4.4% • Brioche 0.55 0.56 0.58 0.71 3.0% • Burger Bun 1.41 1.46 1.52 2.00 4.0% • Hot Dog Bun 0.90 0.93 0.97 1.25 3.7% • Tortilla 0.64 0.66 0.68 0.86 3.4% • Flat Bread 0.44 0.45 0.46 0.55 2.7% • Others 0.37 0.38 0.39 0.46 2.5% Cakes & Pastries 3.56 3.66 3.77 4.71 3.3% • Angel Food Cake 0.35 0.36 0.37 0.45 2.8% • Layer Cake 0.30 0.30 0.31 0.37 2.6% • Panettone 0.23 0.24 0.24 0.28 2.2% • Cup Cake 1.02 1.06 1.10 1.44 3.9% • Mug Cake 0.51 0.52 0.54 0.66 3.1% • Muffins 0.95 0.98 1.01 1.27 3.4% • Others 0.20 0.20 0.20 0.24 2.1% Cookies & Biscuits 3.08 3.15 3.24 3.97 3.0% Bagels 1.63 1.65 1.68 1.93 2.0% Donuts 1.74 1.78 1.82 2.15 2.5% Pizza & Pizza Crust 1.36 1.39 1.41 1.60 1.9% Pies & Tarts 2.21 2.26 2.31 2.78 2.7% Brownies 1.02 1.03 1.04 1.13 1.2% Others 1.03 1.03 1.04 1.11 0.9% Total 21.87 22.42 22.99 28.03 2.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 112 FORECAST TO 2028 TABLE 115 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 2.00 2.05 2.10 2.55 2.9% • Standard Bread 0.66 0.68 0.70 0.88 3.4% • Brioche 0.16 0.17 0.17 0.19 2.0% • Burger Bun 0.46 0.47 0.49 0.60 3.1% • Hot Dog Bun 0.29 0.29 0.30 0.36 2.8% • Tortilla 0.20 0.20 0.21 0.24 2.4% • Flat Bread 0.13 0.13 0.13 0.15 1.6% • Others 0.10 0.10 0.11 0.12 1.3% Cakes & Pastries 1.08 1.11 1.13 1.34 2.5% • Angel Food Cake 0.10 0.11 0.11 0.12 2.0% • Layer Cake 0.09 0.09 0.09 0.10 1.8% • Panettone 0.07 0.07 0.07 0.07 1.4% • Cup Cake 0.33 0.34 0.34 0.43 3.1% • Mug Cake 0.15 0.16 0.16 0.19 2.3% • Muffins 0.29 0.30 0.31 0.36 2.6% • Others 0.06 0.06 0.06 0.06 1.2% Cookies & Biscuits 0.91 0.93 0.95 1.10 2.2% Bagels 0.44 0.45 0.45 0.49 1.3% Donuts 0.49 0.50 0.51 0.57 1.7% Pizza & Pizza Crust 0.37 0.37 0.37 0.40 1.1% Pies & Tarts 0.64 0.65 0.66 0.75 1.9% Brownies 0.26 0.26 0.26 0.27 0.5% Others 0.25 0.25 0.25 0.26 0.4% Total 6.44 6.56 6.68 7.73 2.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 116 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 14.12 14.50 14.90 18.40 3.1% Frozen 7.75 7.92 8.09 9.63 2.6% Total 21.87 22.42 22.99 28.03 2.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 113 FORECAST TO 2028 TABLE 117 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 4.21 4.29 4.38 5.13 2.3% Frozen 2.24 2.27 2.30 2.60 1.8% Total 6.44 6.56 6.68 7.73 2.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 118 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 14.93 15.33 15.75 19.51 3.1% • Supermarkets & Hypermarkets 5.15 5.30 5.45 6.77 3.2% • Convenience Stores 4.21 4.32 4.43 5.42 2.9% • In-Store Bakery 3.18 3.25 3.33 4.05 2.8% • Online 1.58 1.64 1.70 2.29 4.3% • Others 0.81 0.83 0.84 0.99 2.3% Foodservice 6.95 7.09 7.23 8.53 2.4% Total 21.87 22.42 22.99 28.03 2.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 119 REST OF ASIA-PACIFIC: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 4.44 4.52 4.62 5.43 2.4% • Supermarkets & Hypermarkets 1.54 1.57 1.60 1.89 2.4% • Convenience Stores 1.24 1.26 1.28 1.49 2.2% • In-Store Bakery 0.93 0.94 0.96 1.11 2.0% • Online 0.50 0.52 0.54 0.68 3.4% • Others 0.23 0.23 0.24 0.26 1.5% Foodservice 2.01 2.03 2.06 2.31 1.6% Total 6.44 6.56 6.68 7.73 2.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 114 FORECAST TO 2028 9.5 REST OF THE WORLD The rest of the world market consist of regions namely South America, Middle East, and Africa. This region has accounted for a 10.12% share in the global bakery products market in 2020. The demand for bakery products is increasing at a rapid pace over the last few years in South America. Bakery products are convenient and are available in a wide range which attracts the consumers to experiment. Also, the increasing presence of manufacturers of bakery products is likely to uplift the sales of bakery products during the forecast period. The GCC countries are the major consumers of bakery products in the Middle East market. Also, the demand for bakery products is increasing in several African countries, which is anticipated to drive the growth of the bakery products market in this region. FIGURE 28 REST OF THE WORLD: BAKERY PRODUCTS MARKET SHARE, BY REGION, 2020 (% SHARE) 20.55% South America 51.35% Middle East Africa 28.10% Source: Industry Experts, Secondary Research, and MRFR Analysis 9.5.1 R EST OF THE W OR LD BAKER Y PR ODUCTS MAR KET ESTIMATES & FOR ECAST, BY R EGION, 2019–2028 TABLE 120 REST OF THE WORLD: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD BILLION) Region CAGR 2019 2020 2021 2028 South America 16.83 17.17 17.54 20.85 2.5% Middle East 9.24 9.40 9.57 11.10 2.2% Africa 6.79 6.87 6.96 7.78 1.7% Total 32.86 33.45 34.07 39.73 2.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 115 FORECAST TO 2028 TABLE 121 REST OF THE WORLD: MARKET ESTIMATES, BY COUNTRY, 2019–2028 (MILLION TONS) Region CAGR 2019 2020 2021 2028 South America 5.30 5.38 5.47 6.23 1.9% Middle East 2.83 2.87 2.90 3.23 1.6% Africa 2.00 2.01 2.02 2.17 1.0% Total 10.13 10.26 10.39 11.63 1.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 116 FORECAST TO 2028 9.5.2 R EST OF THE W OR LD BAKER Y PR ODUCTS MAR KET ESTIMATE S & FOR ECAST, BY PR ODUCT TYPE, 2019–2028 TABLE 122 REST OF THE WORLD: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 9.79 10.05 10.32 12.74 3.1% • Standard Bread 3.15 3.26 3.36 4.33 3.7% • Brioche 0.82 0.84 0.85 1.00 2.3% • Burger Bun 2.25 2.31 2.38 2.98 3.3% • Hot Dog Bun 1.41 1.45 1.49 1.82 3.0% • Tortilla 0.98 1.00 1.03 1.23 2.6% • Flat Bread 0.64 0.65 0.66 0.76 1.9% • Others 0.53 0.54 0.55 0.61 1.6% Cakes & Pastries 5.44 5.55 5.68 6.77 2.6% • Angel Food Cake 0.53 0.53 0.54 0.63 2.1% • Layer Cake 0.44 0.44 0.45 0.51 1.9% • Panettone 0.33 0.34 0.34 0.38 1.5% • Cup Cake 1.63 1.68 1.72 2.15 3.2% • Mug Cake 0.77 0.79 0.80 0.95 2.4% • Muffins 1.46 1.50 1.53 1.84 2.7% • Others 0.28 0.28 0.29 0.31 1.3% Cookies & Biscuits 4.64 4.72 4.81 5.64 2.3% Bagels 2.35 2.37 2.40 2.63 1.4% Donuts 2.57 2.60 2.64 2.98 1.8% Pizza & Pizza Crust 1.96 1.97 1.99 2.15 1.2% Pies & Tarts 3.28 3.34 3.39 3.90 2.1% Brownies 1.43 1.43 1.44 1.49 0.6% Others 1.41 1.41 1.41 1.43 0.2% Total 32.86 33.45 34.07 39.73 2.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 117 FORECAST TO 2028 TABLE 123 REST OF THE WORLD: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 3.27 3.33 3.39 3.96 2.2% • Standard Bread 1.12 1.15 1.17 1.42 2.8% • Brioche 0.25 0.26 0.26 0.29 1.4% • Burger Bun 0.77 0.78 0.80 0.94 2.4% • Hot Dog Bun 0.47 0.48 0.48 0.56 2.1% • Tortilla 0.31 0.32 0.32 0.37 1.8% • Flat Bread 0.19 0.19 0.19 0.21 1.0% • Others 0.15 0.16 0.16 0.16 0.7% Cakes & Pastries 1.74 1.76 1.79 2.03 1.8% • Angel Food Cake 0.16 0.16 0.17 0.18 1.4% • Layer Cake 0.13 0.13 0.14 0.15 1.2% • Panettone 0.10 0.10 0.10 0.11 0.8% • Cup Cake 0.55 0.56 0.57 0.67 2.4% • Mug Cake 0.24 0.25 0.25 0.28 1.7% • Muffins 0.47 0.48 0.49 0.56 2.0% • Others 0.08 0.08 0.08 0.09 0.5% Cookies & Biscuits 1.44 1.46 1.48 1.65 1.6% Bagels 0.66 0.67 0.67 0.71 0.9% Donuts 0.76 0.76 0.77 0.83 1.1% Pizza & Pizza Crust 0.54 0.54 0.55 0.57 0.7% Pies & Tarts 0.99 1.00 1.01 1.11 1.4% Brownies 0.37 0.37 0.37 0.39 0.4% Others 0.36 0.36 0.36 0.37 0.3% Total 10.13 10.26 10.39 11.63 1.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 118 FORECAST TO 2028 9.5.3 R EST OF THE W OR LD BAKER Y PR ODUCTS MAR KET ESTIMATES & FOR ECAST, BY CATEGOR Y, 2019–2028 TABLE 124 REST OF THE WORLD: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 21.47 21.89 22.35 26.39 2.4% Frozen 11.39 11.55 11.73 13.34 1.9% Total 32.86 33.45 34.07 39.73 2.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 125 REST OF THE WORLD: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 6.69 6.79 6.89 7.81 1.8% Frozen 3.44 3.47 3.50 3.82 1.3% Total 10.13 10.26 10.39 11.63 1.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis 9.5.4 R EST OF THE W OR LD BAKER Y PR ODUCTS MAR KET ESTIMATES & FOR ECAST, BY DISTR IBUTION CHANNEL , 2019–2028 TABLE 126 REST OF THE WORLD: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 22.74 23.20 23.69 28.04 2.5% • Supermarkets & Hypermarkets 7.88 8.04 8.22 9.77 2.5% • Convenience Stores 6.34 6.46 6.58 7.69 2.3% • In-Store Bakery 4.75 4.83 4.92 5.71 2.1% • Online 2.59 2.68 2.76 3.52 3.5% • Others 1.18 1.19 1.21 1.35 1.6% Foodservice 10.11 10.25 10.39 11.70 1.8% Total 32.86 33.45 34.07 39.73 2.3% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 119 FORECAST TO 2028 TABLE 127 REST OF THE WORLD: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 7.07 7.18 7.29 8.27 1.9% • Supermarkets & Hypermarkets 2.46 2.50 2.54 2.89 1.9% • Convenience Stores 1.95 1.98 2.00 2.24 1.6% • In-Store Bakery 1.45 1.47 1.49 1.65 1.5% • Online 0.86 0.88 0.91 1.10 2.9% • Others 0.35 0.35 0.35 0.38 1.0% Foodservice 3.06 3.08 3.11 3.35 1.1% Total 10.13 10.26 10.39 11.63 1.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 120 FORECAST TO 2028 9.5.5 SOUTH AMER ICA TABLE 128 SOUTH AMERICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 5.02 5.17 5.33 6.71 3.4% • Standard Bread 1.61 1.67 1.73 2.27 4.0% • Brioche 0.42 0.43 0.44 0.53 2.6% • Burger Bun 1.15 1.19 1.23 1.57 3.6% • Hot Dog Bun 0.72 0.75 0.77 0.96 3.3% • Tortilla 0.51 0.52 0.53 0.65 2.9% • Flat Bread 0.33 0.34 0.35 0.40 2.2% • Others 0.28 0.28 0.29 0.33 1.9% Cakes & Pastries 2.79 2.85 2.93 3.56 2.9% • Angel Food Cake 0.27 0.28 0.28 0.33 2.4% • Layer Cake 0.22 0.23 0.23 0.27 2.2% • Panettone 0.17 0.17 0.18 0.20 1.8% • Cup Cake 0.83 0.86 0.88 1.13 3.5% • Mug Cake 0.40 0.40 0.41 0.50 2.7% • Muffins 0.75 0.77 0.79 0.97 3.0% • Others 0.14 0.15 0.15 0.17 1.6% Cookies & Biscuits 2.37 2.43 2.48 2.96 2.6% Bagels 1.20 1.22 1.23 1.38 1.6% Donuts 1.31 1.33 1.36 1.56 2.1% Pizza & Pizza Crust 1.00 1.01 1.02 1.13 1.4% Pies & Tarts 1.68 1.71 1.75 2.05 2.3% Brownies 0.73 0.73 0.74 0.77 0.7% Others 0.72 0.72 0.72 0.73 0.2% Total 16.83 17.17 17.54 20.85 2.5% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 121 FORECAST TO 2028 TABLE 129 SOUTH AMERICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 1.71 1.75 1.79 2.13 2.5% • Standard Bread 0.58 0.60 0.62 0.76 3.1% • Brioche 0.13 0.14 0.14 0.16 1.7% • Burger Bun 0.40 0.41 0.42 0.51 2.7% • Hot Dog Bun 0.25 0.25 0.26 0.30 2.4% • Tortilla 0.17 0.17 0.17 0.20 2.1% • Flat Bread 0.10 0.10 0.10 0.11 1.2% • Others 0.08 0.08 0.08 0.09 0.9% Cakes & Pastries 0.91 0.93 0.94 1.09 2.1% • Angel Food Cake 0.09 0.09 0.09 0.10 1.7% • Layer Cake 0.07 0.07 0.07 0.08 1.4% • Panettone 0.05 0.05 0.05 0.06 1.0% • Cup Cake 0.28 0.29 0.30 0.36 2.8% • Mug Cake 0.13 0.13 0.13 0.15 2.0% • Muffins 0.25 0.25 0.26 0.30 2.2% • Others 0.04 0.04 0.04 0.05 0.8% Cookies & Biscuits 0.75 0.77 0.78 0.89 2.0% Bagels 0.35 0.35 0.35 0.38 1.1% Donuts 0.40 0.40 0.40 0.44 1.4% Pizza & Pizza Crust 0.28 0.28 0.29 0.30 0.9% Pies & Tarts 0.52 0.53 0.53 0.60 1.7% Brownies 0.19 0.19 0.20 0.20 0.5% Others 0.19 0.19 0.19 0.19 0.4% Total 5.30 5.38 5.47 6.23 1.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 130 SOUTH AMERICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 10.98 11.23 11.49 13.83 2.7% Frozen 5.85 5.95 6.05 7.02 2.2% Total 16.83 17.17 17.54 20.85 2.5% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 122 FORECAST TO 2028 TABLE 131 SOUTH AMERICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 3.50 3.56 3.62 4.18 2.1% Frozen 1.80 1.83 1.85 2.05 1.6% Total 5.30 5.38 5.47 6.23 1.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 132 SOUTH AMERICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 11.63 11.89 12.18 14.69 2.8% • Supermarkets & Hypermarkets 4.03 4.12 4.22 5.11 2.8% • Convenience Stores 3.25 3.31 3.39 4.03 2.5% • In-Store Bakery 2.43 2.48 2.53 3.00 2.4% • Online 1.31 1.36 1.41 1.83 3.8% • Others 0.60 0.61 0.62 0.71 1.9% Foodservice 5.20 5.28 5.37 6.16 2.0% Total 16.83 17.17 17.54 20.85 2.5% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 133 SOUTH AMERICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 3.70 3.76 3.83 4.43 2.1% • Supermarkets & Hypermarkets 1.28 1.31 1.33 1.55 2.2% • Convenience Stores 1.02 1.04 1.05 1.20 1.9% • In-Store Bakery 0.76 0.77 0.78 0.89 1.8% • Online 0.45 0.46 0.47 0.59 3.1% • Others 0.18 0.18 0.19 0.20 1.2% Foodservice 1.61 1.62 1.64 1.80 1.4% Total 5.30 5.38 5.47 6.23 1.9% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 123 FORECAST TO 2028 9.5.6 MIDDLE EAST TABLE 134 MIDDLE EAST: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 2.81 2.88 2.95 3.62 3.0% • Standard Bread 0.91 0.94 0.97 1.24 3.6% • Brioche 0.23 0.24 0.24 0.28 2.2% • Burger Bun 0.65 0.66 0.68 0.85 3.2% • Hot Dog Bun 0.40 0.41 0.42 0.52 2.9% • Tortilla 0.28 0.29 0.29 0.35 2.5% • Flat Bread 0.18 0.18 0.19 0.21 1.8% • Others 0.15 0.15 0.15 0.17 1.5% Cakes & Pastries 1.54 1.57 1.61 1.91 2.6% • Angel Food Cake 0.15 0.15 0.15 0.18 2.1% • Layer Cake 0.12 0.12 0.13 0.14 1.8% • Panettone 0.09 0.09 0.09 0.10 1.4% • Cup Cake 0.47 0.48 0.49 0.61 3.2% • Mug Cake 0.22 0.22 0.23 0.27 2.4% • Muffins 0.42 0.42 0.43 0.52 2.6% • Others 0.08 0.08 0.08 0.09 1.2% Cookies & Biscuits 1.31 1.33 1.35 1.58 2.3% Bagels 0.65 0.65 0.66 0.72 1.3% Donuts 0.71 0.72 0.73 0.82 1.7% Pizza & Pizza Crust 0.54 0.54 0.55 0.59 1.1% Pies & Tarts 0.92 0.93 0.95 1.08 2.0% Brownies 0.39 0.39 0.39 0.40 0.3% Others 0.38 0.38 0.38 0.38 0.1% Total 9.24 9.40 9.57 11.10 2.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 124 FORECAST TO 2028 TABLE 135 MIDDLE EAST: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 0.93 0.95 0.96 1.12 2.2% • Standard Bread 0.32 0.33 0.34 0.41 2.8% • Brioche 0.07 0.07 0.07 0.08 1.4% • Burger Bun 0.22 0.22 0.23 0.27 2.4% • Hot Dog Bun 0.13 0.14 0.14 0.16 2.1% • Tortilla 0.09 0.09 0.09 0.10 1.8% • Flat Bread 0.05 0.05 0.05 0.06 0.9% • Others 0.04 0.04 0.04 0.05 0.5% Cakes & Pastries 0.49 0.50 0.50 0.57 1.8% • Angel Food Cake 0.05 0.05 0.05 0.05 1.3% • Layer Cake 0.04 0.04 0.04 0.04 1.1% • Panettone 0.03 0.03 0.03 0.03 0.6% • Cup Cake 0.15 0.16 0.16 0.19 2.4% • Mug Cake 0.07 0.07 0.07 0.08 1.6% • Muffins 0.13 0.13 0.14 0.16 1.9% • Others 0.02 0.02 0.02 0.02 0.4% Cookies & Biscuits 0.40 0.41 0.41 0.46 1.5% Bagels 0.18 0.18 0.18 0.19 0.7% Donuts 0.21 0.21 0.21 0.23 1.0% Pizza & Pizza Crust 0.15 0.15 0.15 0.15 0.5% Pies & Tarts 0.28 0.28 0.28 0.31 1.2% Brownies 0.10 0.10 0.10 0.10 0.4% Others 0.10 0.10 0.10 0.10 0.2% Total 2.83 2.87 2.90 3.23 1.5% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 136 MIDDLE EAST: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 6.05 6.17 6.29 7.39 2.4% Frozen 3.19 3.23 3.28 3.71 1.8% Total 9.24 9.40 9.57 11.10 2.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 125 FORECAST TO 2028 TABLE 137 MIDDLE EAST: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 1.88 1.90 1.93 2.17 1.8% Frozen 0.96 0.96 0.97 1.06 1.2% Total 2.83 2.87 2.90 3.23 1.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 138 MIDDLE EAST: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 6.41 6.54 6.67 7.85 2.4% • Supermarkets & Hypermarkets 2.22 2.27 2.32 2.74 2.4% • Convenience Stores 1.78 1.82 1.85 2.15 2.2% • In-Store Bakery 1.34 1.36 1.38 1.59 2.1% • Online 0.74 0.76 0.79 1.00 3.5% • Others 0.33 0.33 0.34 0.37 1.5% Foodservice 2.83 2.86 2.90 3.25 1.7% Total 9.24 9.40 9.57 11.10 2.2% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 139 MIDDLE EAST: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 1.98 2.01 2.04 2.30 1.8% • Supermarkets & Hypermarkets 0.69 0.70 0.71 0.81 1.8% • Convenience Stores 0.55 0.55 0.56 0.62 1.6% • In-Store Bakery 0.41 0.41 0.41 0.46 1.5% • Online 0.24 0.25 0.26 0.31 2.8% • Others 0.10 0.10 0.10 0.10 0.9% Foodservice 0.85 0.86 0.86 0.93 1.1% Total 2.83 2.87 2.90 3.23 1.6% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 126 FORECAST TO 2028 9.5.7 AF R ICA TABLE 140 AFRICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (USD BILLION) Product Type CAGR 2019 2020 2021 2028 Breads 1.96 2.00 2.04 2.40 2.4% • Standard Bread 0.63 0.65 0.67 0.82 3.0% • Brioche 0.16 0.17 0.17 0.19 1.6% • Burger Bun 0.45 0.46 0.47 0.56 2.6% • Hot Dog Bun 0.28 0.29 0.29 0.34 2.3% • Tortilla 0.20 0.20 0.20 0.23 2.0% • Flat Bread 0.13 0.13 0.13 0.14 1.2% • Others 0.11 0.11 0.11 0.12 1.0% Cakes & Pastries 1.11 1.12 1.14 1.30 1.9% • Angel Food Cake 0.11 0.11 0.11 0.12 1.4% • Layer Cake 0.09 0.09 0.09 0.10 1.2% • Panettone 0.07 0.07 0.07 0.07 0.8% • Cup Cake 0.33 0.34 0.35 0.41 2.5% • Mug Cake 0.16 0.16 0.16 0.18 1.7% • Muffins 0.30 0.30 0.31 0.35 2.0% • Others 0.06 0.06 0.06 0.06 0.6% Cookies & Biscuits 0.96 0.97 0.98 1.10 1.7% Bagels 0.50 0.50 0.51 0.53 0.8% Donuts 0.54 0.54 0.55 0.59 1.2% Pizza & Pizza Crust 0.42 0.42 0.42 0.44 0.6% Pies & Tarts 0.68 0.69 0.70 0.77 1.4% Brownies 0.31 0.31 0.31 0.32 0.5% Others 0.31 0.31 0.31 0.32 0.4% Total 6.79 6.87 6.96 7.78 1.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 127 FORECAST TO 2028 TABLE 141 AFRICA: MARKET ESTIMATES, BY PRODUCT TYPE, 2019–2028 (MILLION TONS) Product Type CAGR 2019 2020 2021 2028 Breads 0.63 0.63 0.64 0.71 1.5% • Standard Bread 0.22 0.22 0.22 0.26 2.0% • Brioche 0.05 0.05 0.05 0.05 0.8% • Burger Bun 0.15 0.15 0.15 0.17 1.6% • Hot Dog Bun 0.09 0.09 0.09 0.10 1.3% • Tortilla 0.06 0.06 0.06 0.07 1.0% • Flat Bread 0.04 0.04 0.04 0.04 0.5% • Others 0.03 0.03 0.03 0.03 0.3% Cakes & Pastries 0.34 0.34 0.34 0.37 1.1% • Angel Food Cake 0.03 0.03 0.03 0.03 0.8% • Layer Cake 0.03 0.03 0.03 0.03 0.6% • Panettone 0.02 0.02 0.02 0.02 0.4% • Cup Cake 0.11 0.11 0.11 0.12 1.5% • Mug Cake 0.05 0.05 0.05 0.05 1.0% • Muffins 0.09 0.09 0.09 0.10 1.3% • Others 0.02 0.02 0.02 0.02 0.2% Cookies & Biscuits 0.28 0.28 0.29 0.30 0.9% Bagels 0.14 0.14 0.14 0.14 0.5% Donuts 0.15 0.15 0.15 0.16 0.7% Pizza & Pizza Crust 0.11 0.11 0.11 0.12 0.4% Pies & Tarts 0.20 0.20 0.20 0.21 0.8% Brownies 0.08 0.08 0.08 0.08 0.3% Others 0.08 0.08 0.08 0.08 0.1% Total 2.00 2.01 2.02 2.17 1.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 142 AFRICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (USD BILLION) Category CAGR 2019 2020 2021 2028 Fresh 4.4 4.5 4.6 5.2 1.8% Frozen 2.4 2.4 2.4 2.6 1.3% Total 6.8 6.9 7.0 7.8 1.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 128 FORECAST TO 2028 TABLE 143 AFRICA: MARKET ESTIMATES, BY CATEGORY, 2019–2028 (MILLION TONS) Category CAGR 2019 2020 2021 2028 Fresh 1.32 1.33 1.34 1.45 1.2% Frozen 0.68 0.68 0.68 0.71 0.7% Total 2.00 2.01 2.02 2.17 1.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 144 AFRICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (USD BILLION) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 4.70 4.77 4.84 5.50 1.9% • Supermarkets & Hypermarkets 1.63 1.65 1.68 1.91 1.9% • Convenience Stores 1.31 1.33 1.34 1.51 1.6% • In-Store Bakery 0.98 0.99 1.01 1.12 1.5% • Online 0.54 0.55 0.57 0.69 2.9% • Others 0.24 0.24 0.25 0.26 1.0% Foodservice 2.09 2.10 2.12 2.29 1.1% Total 6.79 6.87 6.96 7.78 1.7% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis TABLE 145 AFRICA: MARKET ESTIMATES, BY DISTRIBUTION CHANNEL, 2019–2028 (MILLION TONS) Distribution Channel CAGR 2019 2020 2021 2028 Food Retail 1.39 1.41 1.42 1.54 1.2% • Supermarkets & Hypermarkets 0.49 0.49 0.49 0.54 1.3% • Convenience Stores 0.38 0.39 0.39 0.42 1.0% • In-Store Bakery 0.29 0.29 0.29 0.31 0.9% • Online 0.17 0.17 0.18 0.21 2.2% • Others 0.07 0.07 0.07 0.07 0.3% Foodservice 0.60 0.60 0.60 0.62 0.5% Total 2.00 2.01 2.02 2.17 1.0% (2021–2028) Source: Industry Experts, Secondary Research, and MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 129 FORECAST TO 2028 10.1 COMPETITIVEOVERVIEW The global bakery products market is characterized by the presence of much global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid product development, and changing consumer trends are key factors that confront market growth. The vendors compete based on cost, product quality, ad sales distribution. It is crucial for the market players to provide low-priced products, in order to survive and succeed in an intensely competitive market environment. The key market players in the market include General Mills, Grupo Bimbo, Lantmännen, Barilla Holding, Britannia Industries Limited, and Mondelez International among others. In 2020, Bimbo saw a 16% increase in dollar sales across its bread business and an 11.6% increase across its sweet baked foods business. The company benefited from more in-home breakfast occasions and innovation across key brands, including new Thomas mini croissants and banana English muffins. These companies also benefited from pack size innovation. Majority of these top market players are engaged in acquisition strategies to expand their market presence and comsolidate their market position. In addition, e-commerce channel penetration is expected to continue accelerating, along with spend bifurcation. Increased premiumization from large players such as General Mills and Bimbo and hyper-targeted smaller players will accelerate alongside continued development of private label and value brands. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 130 FORECAST TO 2028 10.2 COMPETITIVE BENCHMARKING FIGURE 29 BENCHMARKING OF MAJOR COMPETITORS Competitors General Mills Grupo Bimbo Lantmännen Britannia Industries Mondelez International, Inc. Pladis Glbal Finsbury Food Group PLC Associated British Foods PLC Dunkin' Brands Product Portfolio Regional Presence Strategic Alliances Industry Experience ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● ●●●● LOW MEDIUM HIGH VERY HIGH ●●●● ●●●● ●●●● ●●●● Source: Annual Report, Press releases, Associations, Government Records, Journals, Expert Interviews, Secondary Research and Market Research Future Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 131 FORECAST TO 2028 10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 10.3.1 NEW PR ODUCT LAUNCH TABLE 146 Month & Year NEW PRODUCT LAUNCH Category Developments Pillsbury has launched a new line of Soft Baked Cookies that are ready to eat. Mac-2021 New Product Pillsbury Soft Baked Cookies was made available in Walmart stores and at other retailers Launch nationwide starting fom April. Each package of Soft Baked Cookies includes 18 snackablesized cookies at a SRP of $3.69. Feb-2020 New Product Gropo Bimbo launched Natural bread in Mexico; with only 7 ingredients. It is a concept Launch developed in Spain, that is part of the portfolio of other Grupo Bimbo operations. Source: Annual Report, Press releases, Associations, Government Records, Journals, Expert Interviews, Secondary Research and Market Research Future Analysis 10.3.2 MER GER & ACQUISITION TABLE 147 MERGER & ACQUISITION Month & Year Feb-2019 Developments Grupo Bimbo acquired Alimentos Nutra Bien, a Chile-based cakes, cookies and brownies manufacturer to complements its current portfolio through “top-of-mind brands” and expands its distribution reach. Grupo Bimbo has gained a greater foothold in the Chinese market after completing the acquisition of Mankattan, June 2018 a Chinese company which produces sliced bread, cakes, buns and Japanese-style sandwich bread. It includes four production sites owned by Mankattan that serve consumers in the cities of Beijing, Shanghai, Sichuan, and Guangdong. May-2018 Group Bimbo, through its subsidiary Bimbo de Colombia, S.A., the Company acquired El. Paisa, S.A.S. for USD 2.6 million, equal to $52 in order to grow in South America Lantmännen Unibake has acquired the production assets of French Bakery Company AS, at a factory located in Drammen, Norway. The purchase includes the acquisition of French Bakery Company’s production equipment, and all employees at June-2020 the site will move over to Lantmännen. According to Lantmännen, the takeover strengthens Lantmännen Unibake’s position in Norway, as it will provide opportunities for expansion in foodservice and retail and allow the production of new products. June-2020 European bakery group Lantmännen Unibake has expanded its presence in Norway by acquiring production assets from French Bakery Company, a Norwegian bakery located close to Drammen. Lantmännen Unibake acquired Bakery Du Jour that produces and distributes over 100 million premium pastries Jan-2019 each year to major Australian retailers and leading food service customers The acquisition is a key step to expand Lantmännen Unibake’s global footprint. Mondelēz International today announced an agreement to acquire a significant majority interest in Give & Go, a North American leader in fully-finished sweet baked goods and owners of the famous “two-bite”® brand and the Feb-2020 “Create-A-Treat”® brand known for cookie and gingerbread house decorating kits. With a leading position in brownies, cupcakes, pastries and muffins, as well as access to the fast-growing in-store bakery channel, the acquisition of Give & Go expands Mondelēz International’s leadership in broader snacking. With Give & Go, EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 132 FORECAST TO 2028 Mondelez already expanded from our core cookies into cupcakes, donuts and more. Other Mondelez brands also will be leveraged with opportunities in the company’s new categories. Biscuit International, which is owned by Platinum Equity, has acquired Continental Bakeries from its majority Oct-2021 shareholders, Goldman Sachs Asset Management as the maker of private label biscuits looks to expand in the European market Sept-2021 Michigan Bread, the largest independent family-owned commercial artisan bakery in Michigan, has acquired Minneapolis-based Franklin Street Bakery. Rubicon Bakers (“Rubicon”), a portfolio company of Trive Capital (“Trive”), has acquired Just Desserts (“Just Aug-2021 Desserts” or the “Company”). Founded in 1974 and headquartered in Fairfield, California, Just Desserts is a manufacturer of high-quality and on-trend baked goods. Crown Bakeries, a manufacturer of fresh and frozen breads, baked goods, and dough products, has announced the acquisition of Bagel Boy, Inc. Founded in 1992, Bagel Boy is the largest manufacturer of premium, New York- June-2021 style bagels in New England. With a reputation for high-quality and innovative products in bagels, flatbreads, pitas and sandwich thins, the Company is a key baking partner for leading grocery retailers and consumer brands. Terms of the transaction were not disclosed. Baked goods manufacturer Harlan Bakeries has agreed to acquire Indiana-based food company AmeriQual, for Aug-2021 an undisclosed sum. AmeriQual produces, packages and distributes shelf-stable, refrigerated or frozen foods, sauces and condiments for a number of US institutions, including federal, state and local government agencies. Source: Annual Report, Press releases, Associations, Government Records, Journals, Expert Interviews, Secondary Research and Market Research Future Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 133 FORECAST TO 2028 11.1 GENERAL MILLS, INC. 11.1.1 COMPANY OVER VIEW Company Headquarter: Golden Valley, Minnesota, U.S. Founded: 1928 Workforce: 35,000 Company Working: General Mills is a leading global manufacturer and marketer of branded consumer foods sold through retail stores. The company is also a leading supplier of branded and unbranded products to the North American foodservice and commercial baking industries. The company manufactures products in 13 countries and markets them in more than 100 countries. In addition to their consolidated operations, the company also has 50 percent interests in two strategic joint ventures that manufacture and market food products sold in more than 120 countries worldwide. The acquisition of Pillsbury in 2000, helped the company to become a major player in the bakery products business. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 134 FORECAST TO 2028 11.1.2 F INANCIAL OVER VIEW FIGURE 30 GENERAL MILLS, INC.: FINANCIAL OVERVIEW SNAPSHOT COMPANY FINANCIAL OVERVIEW 3% 7% 18,000 5% 18,127.00 17,626.60 17,000 10% (%) (USD Million) 19,000 16,865.20 16,000 1% 15,000 15,740 14,000 0% 2018 2019 2020 Sales Op Profit Margin (%) North America Retail 9.0% Europe & Australia 10.0% 25.5% United States Convenience Stores & Foodservice 10.0% 60.0% Non-United States Pet 11.0% 74.5% Asia & Latin America Source: Annual Report, Press Releases, MRFR Analysis 11.1.3 PR ODUCTS OF F ER INGS TABLE 148 GENERAL MILLS, INC.: PRODUCTS OFFERINGS Brands Category Products • Three Cheese Mini Pizza Bagels Bagels • Uncured Pepperoni Mini Pizza Bagels • Organic Chocolate Chip Bunny Grahams • Organic Honey Bunny Grahams Annie's Homegrown Grahams & Cookies • Organic Birthday Cake Bunny Grahams • Organic Cinnamon Bunny Grahams • Organic Chocolate Bunny Grahams EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 135 FORECAST TO 2028 • Gluten Free Cocoa & Vanilla Bunny Grahams • Gluten Free Snickerdoodle Bunny Grahams • Organic Chocolate Grabbits Sandwich Cookies • Organic Chocolate Mint Grabbits Sandwich Cookies • Organic Chocolate Chip Cookie Bites • Organic Lemon Drop Cookie Bites • Organic Animal Cookies • Annie’s S’mores Bunny Grahams • Neapolitan Bunny Grahams • Organic Cinnamon Graham Crackers • Organic Honey Graham Crackers • Chocolate Raspberry Brownie Lärabar Brownie • Chocolate Sea Salt Fudge Brownie • Peanut Butter Cocoa Brownie • Chocolate Peanut Butter Biscuit Sandwiches • Chocolate Peanut Butter Mini Biscuit Sandwiches • Cinnamon Almond Butter Biscuit Sandwiches Biscuit Sandwiches • Cocoa Almond Butter Biscuit Sandwiches • Coconut Butter Biscuit Sandwiches • Peanut Butter Biscuit Sandwiches Nature Valley • Peanut Butter Mini Biscuit Sandwiches Biscuit • Blueberry Biscuits • Banana Bread Dark Chocolate Soft-baked Oatmeal Squares Soft-Baked Oatmeal Squares • Cinnamon Brown Sugar Soft-baked Oatmeal Squares • Peanut Butter Soft-baked Oatmeal Squares • Mini Snack Bites • Pizza Rolls Totino's Pizza • Party Pizza • Party Pizza Multi-Packs • Pizza Stuffers • Sweet Biscuits With Icing Pillsbury™ Biscuits • Pillsbury™ Chocolate Chip flavored refrigerated Sweet Biscuits with Icing EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. 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Unauthorized Distribution Prohibited. 136 FORECAST TO 2028 • Pillsbury™ Blueberry flavored refrigerated Sweet Biscuits with Icing • Grands!™ Refrigerated Biscuits • Grands!™ Flaky Layers Original Biscuits • Grands!™ Flaky Layers Buttermilk Biscuits • Grands!™ Flaky Layers Butter Tastin'™ Biscuits • Grands!™ Flaky Layers Honey Butter Biscuits • Grands!™ Southern Homestyle Original Biscuits • Grands!™ Southern Homestyle Buttermilk Biscuits • Grands!™ Southern Homestyle Butter Tastin'™ Biscuits • Grands!™ Southern Homestyle Honey Butter Biscuits • Grands!™ Southern Homestyle Southern Recipe Biscuits • Grands!™ Flaky Layers Sweet Hawaiian Biscuits • Grands!™ Flaky Layers Original Biscuits 5 ct • Grands!™ Southern Homestyle Buttermilk Biscuits 5 ct • Grands!™ Southern Homestyle Butter Tastin’™ Biscuits 5 ct • Refrigerated Biscuits • Pillsbury™ Flaky Layers Buttermilk Biscuits 10 ct • Pillsbury™ Flaky Layers Buttermilk Biscuits 5 ct • Pillsbury™ Flaky Layers Butter Tastin’ Biscuits 10 ct • Pillsbury™ Flaky Layers Butter Tastin’ Biscuits 5 ct • Pillsbury™ Flaky Layers Honey Butter Biscuits 5 ct • Pillsbury™ Southern Homestyle Buttermilk Biscuits 5 ct • Grands!™ Frozen Biscuits • Grands!™ Honey Butter Frozen Biscuits • Grands!™ Buttermilk Frozen Biscuits • Grands!™ Butter Tastin’™ Frozen Biscuits • Grands!™ Southern Style Frozen Biscuits • Grands!™ Flaky Layers Frozen Biscuits • Pillsbury™ Original Crescent Rounds • Pillsbury™ Big & Buttery Crescent Rolls Crescent Rolls • Pillsbury™ Grands! Original Crescent Rolls • Pillsbury™ Reduced Fat Crescent Rolls EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 137 FORECAST TO 2028 • Pillsbury™ Butter Flake Crescent Rolls • Pillsbury™ Honey Butter Crescent Rolls • Pillsbury™ Sweet Hawaiian Crescent Rolls • Pillsbury™ Original Crescent Rolls • Pillsbury™ Filled Crescents Apple • Pillsbury™ Filled Crescents Cherry • Pillsbury™ Grands!™ Cinnamon Rolls with Cinnabon Cream Cheese Icing • Pillsbury™ Grands!™ Cinnamon Rolls with Original Icing (5 count) • Pillsbury™ Grands!™ Cinnamon Rolls with Extra Rich Butter Cream Icing • Pillsbury™ Grands!™ Flaky Cinnamon Rolls with Original Icing • Pillsbury™ Cinnamon Rolls with Original Icing • Pillsbury™ Cinnamon Rolls with Cream Cheese Icing • Pillsbury™ Reduced Fat Cinnamon Rolls with Icing • Pillsbury™ Flaky Cinnamon Rolls with Butter Cream Icing Cinnamon Rolls • Pillsbury™ Orange Rolls with Orange Icing • Pillsbury™ Cinnamon Toast Crunch Cinnamon Rolls 8 Count • Pillsbury™ Mini Cinni Stix, 24ct • Pillsbury™ Cinnamon Rolls with Icing • Pillsbury™ Grands!™ Cinnamon Rolls with Strawberry & Cream Flavored Icing • Limited Edition Pillsbury Grands! Hot Cocoa Rolls with Marshmallow Icing • Limited Edition Pillsbury™ Grands!™ Pumpkin Spice Rolls with Pumpkin Spice Icing • Limited Edition Pillsbury™ Grands!™ Cinnamon Rolls with Peaches & Cream Flavored Icing • Snack Cakes • Pillsbury™ Chocolate Fudge Brownie • Pillsbury™ Birthday Cake Bar • Already Baked Snacks • Soft Baked Cookies • Pillsbury™ Soft Baked Confetti Cookies 18 Count • Pillsbury™ Soft Baked Chocolate Chip Cookies 18 Count • Pillsbury™ Soft Baked Butterscotch & Chocolate Cookies 18 Count EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 138 FORECAST TO 2028 • Pillsbury™ Soft Baked Drizzle Sugar Cookies 18 Count • Pillsbury™ Soft Baked Peanut Butter with Chocolate Drizzle Cookies 18 Count • Pillsbury™ Golden Grahams Toaster Strudel™ Pastries • Pillsbury™ Strawberry Toaster Strudel™ • Pillsbury™ Cream Cheese & Strawberry Toaster Strudel™ • Pillsbury™ Apple Toaster Strudel™ • Pillsbury™ Blueberry Toaster Strudel™ • Pillsbury™ Cinnamon Roll Toaster Strudel™ Toaster Strudel™ • Pillsbury™ Cherry Toaster Strudel™ • Pillsbury™ Raspberry Toaster Strudel™ • Pillsbury™ Wildberry Toaster Strudel™ • Pillsbury™ Cinnamon Toast Crunch Toaster Strudel™ • Pillsbury™ Boston Cream Pie Toaster Strudel™ • Pillsbury™ Chocolate Toaster Strudel™ • Pillsbury™ Classic Pizza Crust Pizza Crust • Pillsbury™ Thin Pizza Crust • Pillsbury™ Mini Pizza Crusts • Pillsbury™ refrigerated Pie Crust • Pillsbury™ Pet-Ritz™ frozen Regular Pie Crusts Pie Crust • Pillsbury™ Pet-Ritz™ frozen Deep Dish Pie Crusts • Pillsbury™ Pet-Ritz™ frozen All Vegetable Deep Dish Pie Crusts • Pillsbury™ Breadsticks Breads • Pillsbury™ French Bread Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 139 FORECAST TO 2028 11.1.4 KEY DEVELOPMENTS TABLE 149 Month & Year GENERAL MILLS, INC.: KEY DEVELOPMENTS Approach Developments Pillsbury has launched a new line of Soft Baked Cookies that are ready to eat. Mac-2021 New Product Launch Pillsbury Soft Baked Cookies was made available in Walmart stores and at other retailers nationwide starting fom April. Each package of Soft Baked Cookies includes 18 snackable-sized cookies at a SRP of $3.69. 301 INC, the investment arm of General Mills, Inc., is leading a multistage investment of up to $20 million in Pots & Co, in partnership with other investors. Pots & Co offers a range of desserts sold in reusable ceramic pots in supermarkets across the United Kingdom. Available in varieties such as chocolate fudge lava cake, upside-down lemon April-2021 Investment cheesecake, apple and cinnamon crumble and sticky toffee lava cake, the ceramic pots give the desserts a creamy texture and artisan touch, according to the company. Pots & Co will leverage the investment to expand its product range and grow its footprint in the United States. The investment is supported by increased retail distribution focused on the West Coast and Rocky Mountain region. The company initially will supply its range of potted desserts and has longer-term plans to offer its new savory, Mezze style dips range. Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 140 FORECAST TO 2028 11.1.5 SWOT ANALYSIS T ▪ The company has operations in over 120 countries WEAKNESSES W O ▪ The company’s retail portfolio of bakery products such as Pillsbury , Annie's Homegrown , Lärabar , and Nature Valley are among the best brands in the industry ▪ The company is highly dependent on the U.S. market OPPORTUNITIES S STRENGTHS GENERAL MILLS, INC.: SWOT ANALYSIS ▪ Pemiumization and growth of the organic bakery segment is likely to provide major growth opportunities THREATS GENERAL MILLS, INC. FIGURE 31 ▪ Price changes for the commodities such as raw materials, packaging, and energy may adversely affect the profitability of the company Source: Annual Report, Press Releases, MRFR Analysis 11.1.6 KEY STR ATEGIES General Mills is executing the Accelerate strategy to drive sustainable, profitable growth and top-tier shareholder returns over the long term. The strategy focuses on four pillars to create competitive advantages and win: boldly building brands, relentlessly innovating, unleashing our scale, and being a force for good. The company is prioritizing their key markets, global platforms, and local gem brands that have the best prospects for profitable growth and are committed to reshaping the portfolio with strategic acquisitions and divestitures to further enhance the company’s growth profile. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 141 FORECAST TO 2028 11.2 GRUPO BIMBO, S.A.B. DE C.V. 11.2.1 COMPANY OVER VIEW Company Headquarter: Mexico City, Mexico Founded: 1945 Workforce: 133,692 Company Working: Grupo Bimbo, S.A.B. de C.V. is a . is a leader in the baking industry globally. It is a Mexican multinational company with a presence in over 33 countries located in the Americas, Europe, Asia, and Africa. In 1984, the company began its aggressive expansion strategy by exporting to the US, leading up to a foothold in 10 new countries by 2017 through acquisitions such as Ready Roti in India, Grupo Adghal in Morocco and East Balt Bakeries in the US, among others. The company continues to move into new markets, notably China, to build market share in emerging economies. 11.2.2 F INANCIAL OVER VIEW FIGURE 32 GRUPO BIMBO, S.A.B. DE C.V.: FINANCIAL OVERVIEW SNAPSHOT COMPANY FINANCIAL OVERVIEW 13% 6% (USD Billion) 8% 20% 1% 15 10 10% (%) 20 5 0 13 13.96 14.09 15.98 2017 2018 2019 2020 Sales 0% Op Profit Margin (%) 8.8% 8.6% 30.8% Mexico North America Latin America EAA 51.9% Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 142 FORECAST TO 2028 11.2.3 PR ODUCTS OF F ER INGS TABLE 150 GRUPO BIMBO, S.A.B. DE C.V.: PRODUCTS OFFERINGS Brands Category Products • Multi Grain • Cinnamon Protein • Pumpkin Spice English Muffin • Everything • Light MultiGrain • Cinnamon Raisin • Whole wheat • Blueberry • Original Made With Whole Grains • Sourdough • King Size • Honey Wheat • SEASONAL • Pumpkin Spice • Plain Bagel Thins • Plain • Everything Bagel Thins • Apple Cinnamon Bagels • Everything • Plain Mini Bagels • Chocolatey Chip Mini Bagels • Cinnamon Raisin • Cinnamon Raisin Mini Bagels • Blueberry • Cinnamon Swirl • 100% Whole Wheat • Onion • Plain With Whole Grain • Sesame Thomas' • Cinnamon Raisin EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. 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Unauthorized Distribution Prohibited. 143 FORECAST TO 2028 • Cinnamon Swirl Breads • Pumpkin Spice • Banana Cakes • Corn Toast-R-Cakes • Chocolatey Mini Croissants Croissants SaraLee • Plain Mini Croissants Bakery Bread • ARTESANO TM & DELIGHTFUL TM Bakery Sausage Rolls • ARTESANO TM Bakery Rolls • ARTESANO TM Bakery Buns • ARTESANO TM Bakery Bread • ARTESANO TM & DELIGHTFUL TM Bakery Sausage Rolls • ARTESANO TM • Blueberry • Original Made With Whole Grains Bagels • 100% Whole Wheat • Cinnamon Raisin • Others • OATNUT ARNOLD Bread • ORGANIC & NON-GMO • RYE • SANDWICH THINS® ROLLS Other products • BUNS & ROLLS • OATNUT BROWNBERRY Bread • ORGANIC & NON-GMO • SANDWICH THINS® ROLLS Other products • BUNS & ROLLS • OATNUT OROWHEAT Bread • ORGANIC & NON-GMO • RYE • SANDWICH THINS® ROLLS Other products • BUNS & ROLLS EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. 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Unauthorized Distribution Prohibited. 144 FORECAST TO 2028 • MINIS SPRINKLED ICED BROWNIE • MINIS CHEESE DANISH • MINIS RASPBERRY AND CHEESE DANISH • MINIS BLUEBERRY SNACK PIE • MINIS FUDGE ICED GOLDEN CAKES • MINIS CREME FILLED FUDGE CAKE Minis® • MINIS BROWNIE CHOCOLATE CHIP • MINIS APPLE SNACK PIES • MINIS CHERRY SNACK PIES • MINIS CRUMB CAKE • MINIS POUND CAKE • MINIS RASPBERRY SNACK PIE • Little Bites® Banana Muffins Entenmann's • Little Bites® Blueberry Muffins • Little Bites® Butter Cookie Flavored Muffins • Little Bites® Chocolate Chip Muffins • Little Bites® Crumb Cakes • Little Bites® Fudge Brownies Little Bites® • Little Bites® Party Cake Muffins • Little Bites® Soft Baked Apple Mini Tarts • Little Bites® Soft Baked Chocolate Chip Cookies • Little Bites® Soft Baked Cinnamon Mini Tarts • Little Bites® Soft Baked Party Cake Cookies • Little Bites® Soft Baked Strawberry Mini Tarts • Little Bites® Strawberry Yogurt Muffins • Hamburger Buns • Everything Hamburger Buns Hamburger Buns • Golden Hamburger Buns • Tailgaters Gourmet White XL Buns BallPark • Hot Dog Buns • Golden Hot Dog Buns HOT DOG BUNS • New England Hot Dog Rolls • Tailgaters Brat XL Buns EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 145 FORECAST TO 2028 • Brioche • Multi-Grain BAYS English Muffins • Sourdough • Original • Cinnamon Raisin • Sandwich Line • Soft Line Bread • Toasted Bread • Bread Crumbs • Buns • Traditional Sweet Baked Goods Bimbo • Sweet Rolls • Muffins SWEET BAKED GOODS • Pound Cake • Donuts • Seasonal Breads • Boboli • MRS BAIRD'S • Marinela Other Brands • Nature's Harvest • Sanissimo Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 146 FORECAST TO 2028 11.2.4 KEY DEVELOPMENTS TABLE 151 Month & Year Feb-2020 GRUPO BIMBO, S.A.B. DE C.V.: KEY DEVELOPMENTS Approach New Product Launch Developments Gropo Bimbo launched Natural bread in Mexico; with only 7 ingredients. It is a concept developed in Spain, that is part of the portfolio of other Grupo Bimbo operations. Grupo Bimbo expanded its operations and arrived in Kazakhstan, through Bimbo QSR Feb-2020 Expansion (Quick Service Restaurants), a strategic association agreement was signed with Food Town, the exclusive supplier of buns and McDonald's franchisee in that country. With this agreement, the company expanded its presence to 33 countries Grupo Bimbo acquired Alimentos Nutra Bien, a Chile-based cakes, cookies and brownies Feb-2019 Acquisition manufacturer to complements its current portfolio through “top-of-mind brands” and expands its distribution reach. Grupo Bimbo has gained a greater foothold in the Chinese market after completing the acquisition of Mankattan, a Chinese company which produces sliced bread, cakes, buns June 2018 Acquisition and Japanese-style sandwich bread. It includes four production sites owned by Mankattan that serve consumers in the cities of Beijing, Shanghai, Sichuan, and Guangdong. May-2018 Acquisition Group Bimbo, through its subsidiary Bimbo de Colombia, S.A., the Company acquired El. Paisa, S.A.S. for USD 2.6 million, equal to $52 in order to grow in South America Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 147 FORECAST TO 2028 11.2.5 SWOT ANALYSIS T WEAKNESSES W O OPPORTUNITIES S STRENGTHS GRUPO BIMBO, S.A.B. DE C.V.: SWOT ANALYSIS THREATS GRUPO BIMBO. S.A.B. FIGURE 33 ▪ The company has a wide product portfolio of bakery products ▪ The company has 3 million points of sale in the 33 countries ▪ Low presence in Middle East Markets ▪ Development of healthy product lines for the health conscious consumers provides a major growth opportunities ▪ Emergence of disruptive formats at entry level price points. Source: Annual Report, Press Releases, MRFR Analysis 11.2.6 KEY STR ATEGIES The company has been focusing on organic growth, and has been quite aggressive with acquisitions in the past 10-15 years. The company is also concentrating on continued innovation in Health and Wellness products. The company consider the needs of the consumers as top priority and are offer them a portfolio of healthy options of daily and occasional consumption products. In 2020, the company was also able to accomplish a six fold increase in initiatives, keeping with our objective of increasing activities in Health and Wellness. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 148 FORECAST TO 2028 11.3 LANTMÄNNEN UNIBAKE 11.3.1 COMPANY OVER VIEW Company Headquarter: Sweden Founded: 1905 Workforce: 6000 Company Working: Lantmännen Unibake is a leading international bakery company within the Lantmännen Group. It is a subsidiary of Lantmännen, an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. With expertise in fresh and frozen bakery products for food service and retail the aim is to make bread and pastry a profitable business for customers through high-quality products and innovative solutions and based on a sustainable mind-set and excellent food safety standards. Headquartered in Copenhagen, Denmark, Lantmännen Unibake operates 35 bakeries around the world and has sales in more than 60 countries. The brand portfolio comprises a range of well-established brands: Hatting, Schulstad, Schulstad Bakery Solutions, Schulstad Royal Danish Pastry, Vaasan, Bonjour and others. Lantmännen Unibake has a turnover of EUR 1.1 billion (SEK 11 billion) and employs 6,000 people in more than 20 countries. 11.3.2 F INANCIAL OVER VIEW FIGURE 34 LANTMÄNNEN GROUP: FINANCIAL OVERVIEW SNAPSHOT COMPANY FINANCIAL OVERVIEW 10% 6,000.00 5,000.00 4,000.00 20% 10% 3,000.00 (%) (USD Million) -5% 11% 2,000.00 1,000.00 - 0% 4,365.46 4,835.82 5,337.53 5,058.90 2017 2018 2019 2020 Sales 0.5% 0.1% 16.8% -10% Op Profit Margin (%) Agriculture Sector Energy Sector 41.8% Food Sector Swecon Business Area 32.5% 8.2% 45.0% 55.0% Sweden Rest of the World Real Estate Business Area Other operations Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 149 FORECAST TO 2028 11.3.3 PR ODUCTS OF F ER INGS TABLE 152 LANTMÄNNEN UNIBAKE: PRODUCTS OFFERINGS Product Description • Baguette • Bun • Burger Bun • Ciabatta • Croissant Filled • Croissant Plain • Danish Pastry Crowns • Danish Pastry Plaits • Danish Pastry Swirls • Floured Baps Bakery Products • Gourmet • Hot Dog Roll • Loaf • Mini Assortment • Panini • Pretzel • Roll • Savoury Filled • Savoury Speciality • Savoury Topped • Speciality Bread • Stone baked bread Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 150 FORECAST TO 2028 11.3.4 KEY DEVELOPMENTS TABLE 153 Month & Year LANTMÄNNEN UNIBAKE: KEY DEVELOPMENTS Approach Developments Lantmännen Unibake has acquired the production assets of French Bakery Company AS, at a factory located in Drammen, Norway. The purchase includes the acquisition of French Bakery Company’s production June-2020 equipment, and all employees at the site will move over to Lantmännen. Acquisition & Expansion According to Lantmännen, the takeover strengthens Lantmännen Unibake’s position in Norway, as it will provide opportunities for expansion in foodservice and retail and allow the production of new products. European bakery group Lantmännen Unibake has expanded its presence in Norway June-2020 by acquiring production assets from French Bakery Company, a Norwegian bakery Acquisition & Expansion located close to Drammen. Lantmännen Unibake acquired Bakery Du Jour that produces and distributes over Jan-2019 100 million premium pastries each year to major Australian retailers and leading Acquisition & Expansion food service customers The acquisition is a key step to expand Lantmännen Unibake’s global footprint. Source: Annual Report, Press Releases, MRFR Analysis 11.3.5 SWOT ANALYSIS T WEAKNESSES W O OPPORTUNITIES S STRENGTHS LANTMÄNNEN UNIBAKE: SWOT ANALYSIS THREATS LANTMANNEN UNIBAKE. FIGURE 35 ▪ Lantmännen Unibake UK has strong expertise in frozen bakery products for retail and foodservice, ▪ The company is one of Europe's largest bakery groups, with 36 bakeries in more than 20 countries ▪ Highly dependent on the European markets ▪ Strategic mergers& acquisition are expected to increase the company’s global footprints ▪ Foreign currency transactions Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 151 FORECAST TO 2028 11.3.6 KEY STR ATEGIES • Originally, Lantmännen Unibake grew through the acquisition of bakeries that were strong within their local markets. The company added structure and created the foundation for the strength and scope of Lantmännen Unibake today. • The company is focusing on customer proximity, agility and accountability on a local level and adds the strength of a global organization. • The company is equally focusing on growth through acquisitions and organic growth, consolidation and the creation of a highly integrated group structure. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 152 FORECAST TO 2028 11.4 BRITANNIA INDUSTRIES LIMITED 11.4.1 COMPANY OVER VIEW Company Headquarter: Munich, Germany Founded: 1847 Workforce: 50,400 Company Working: Britannia Industries is one of India’s leading food companies with a 100 year legacy Britannia is among the most trusted food brands, and manufactures India’s favorite brands like Good Day, Tiger, NutriChoice, Milk Bikis and Marie Gold which are household names in India. Britannia’s product portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese, Beverages, Milk and Yoghurt. Britannia is a brand which many generations of Indians have grown up with and our brands are cherished and loved in India and the world over. Britannia products are available across the country in close to 5 million retail outlets and reach over 50% of Indian homes. Britannia Bread is the largest brand in the organized bread market with an annual turnover of over 1 lac tons in volume and Rs.450 crores in value. The business operates with 13 factories and 4 franchisees selling close to 1 mn loaves daily across more than 100 cities and towns of India. The company has foot prints across North America, Europe, Africa and South East Asia through exports and are investing in a state- of- the- art facility in Mundra SEZ, Gujarat, to service the exports markets. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 153 FORECAST TO 2028 11.4.2 F INANCIAL OVER VIEW FIGURE 36 BRITANNIA INDUSTRIES LIMITED: FINANCIAL OVERVIEW SNAPSHOT COMPANY FINANCIAL OVERVIEW 13% 1,500.00 20% 5% 8% 12% 1,000.00 10% (%) (USD Million) 2,000.00 500.00 - 1,219.40 1,362.66 1,428.31 1,609.27 2017 2018 2019 2020 Sales 0% Op Profit Margin (%) 5.7% India Outside India 94.3% Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 154 FORECAST TO 2028 11.4.3 PR ODUCTS OF F ER INGS TABLE 154 BRITANNIA INDUSTRIES LIMITED: PRODUCTS OFFERINGS Product Categories Brands • Good Day • Crackers • Nutrichoice • Marie Gold • Tiger • Milk Bikis Biscuits • Jim Jam + Treat • Bourbon • Little Hearts • Pure Magic • Nice Time • Whole Wheat Breads • White Sandwich Breads Breads • Bread Assortment • Daily Breads • Gobbles • Tiffin Fun • Nut & Raisin • Muffills Cakes • Layerz • Rollyo • Fudgeit • Treat Croissant Croissant Source: Annual Report, Press Releases, MRFR Analysis 11.4.4 KEY DEVELOPMENTS TABLE 155 Month & Year BRITANNIA INDUSTRIES LIMITED : KEY DEVELOPMENTS Approach Developments Britannia Industries Ltd has commenced work on its greenfield manufacturing facility Oct-2021 Expansion in Barabanki, Uttar Pradesh. The plant to be set up across 30 acre, at an investment of Rs340 crore, will have an annual production capacity of 1.25 lakh tonne. Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 155 FORECAST TO 2028 11.4.5 SWOT ANALYSIS STRENGTHS W O T OPPORTUNITIES S WEAKNESSES BRITANNIA INDUSTRIES LIMITED: SWOT ANALYSIS THREATS BRITANNIA INDUSTRIES LTD. FIGURE 37 ▪ Britannia Bread is the largest brand in the organized bread market ▪ The company has presence in more than 60 countries across the globe including presence in Middle East through local manufacturing in UAE and Oman, ▪ The company has low presence in the developed markets ▪ Geographical expansion can prove beneficial for the company’s growth ▪ The biscuit segment in India continues to provide significant opportunities for growth as the per capita consumption is much lower than that of developed countries ▪ Fluctuations in the prices of raw materials Source: Annual Report, Press Releases, MRFR Analysis 11.4.6 KEY STR ATEGIES The company’s strategic expansion plan is based on the principle of ‘One new market a year’. The company is planning to expand through local operations in Africa and South East Asia in the coming years. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 156 FORECAST TO 2028 11.5 BARILLA HOLDING S.P.A.. 11.5.1 COMPANY OVER VIEW Company Headquarter: Parma, Emilia Romagna, Italy Founded: 1877 Workforce: 8591 Company Working: Barilla is an Italian multinational food company. It is the world's largest pasta producer. Barilla Group has 30 production sites, 15 in Italy and 15 in the rest of the world. The production plants are located in Italy and in Greece, France, Germany, Norway, Russia, Sweden, Turkey, the United States (in Ames, Iowa and Avon, New York), Mexico and Canada. The company also operates mills in Italy, Greece, Sweden, Turkey, US and Canada. While its central office is in Parma, it has corporate offices in several other countries as well, such as Austria, Belgium, France, Germany, Greece, the Netherlands, Poland, Russia, Slovenia, Sweden, Switzerland, Turkey, the US, Mexico, Brazil, Australia, and Japan. Barilla is distributed in the UK by Euro Food Brands Ltd. Barilla's Italian production facilities are located in Parma, Foggia, Marcianise, Castiglione delle Stiviere, Cremona, Melfi, Rubbiano, Novara, Muggia and Ascoli Piceno. 11.5.2 F INANCIAL OVER VIEW FIGURE 38 BARILLA HOLDING S.P.A.: FINANCIAL OVERVIEW SNAPSHOT COMPANY FINANCIAL OVERVIEW 7% 4% 3,800.00 1% 3,600.00 3,400.00 10% (%) (Euro Million) 4,000.00 3,459.00 3,483.00 3,627.00 3,890.00 2017 2018 2019 2020 3,200.00 0% Sales Op Profit Margin (%) 0.2% ITALY BAKERY PRODUCTS 33.2% AMERICAS 42.6% 44.6% PASTA, SAUCES, AND READY-MEALS 55.2% OTHERS AAA 4.6% 19.6% REST OF EUROPE AND RUSSIA Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 157 FORECAST TO 2028 11.5.3 PR ODUCTS OF F ER INGS TABLE 156 BARILLA HOLDING S.P.A.: PRODUCTS OFFERINGS Brand Description Founded in 1975, Mulino Bianco offers simple and tasty bakery products perfect for eating at home Mulino Bianco or on the go. Pan di Stelle was created in 1983 as one of Mulino Bianco’s breakfast biscuits. Since 2007, it is a Pan di Stelle stand-alone brand, today loved by millions of Italians. The Pavesi brand was established in 1937 in Novara, Italy. It offers a large range of bakery products Pavesi and pastries. Harrys Founded in 1970, Harrys is leader in the soft bread and morning goods market in France. Wasa Founded in Sweden in 1919, Wasa distributes crispbread products in more than 40 countries. Founded in 1975, Mulino Bianco offers simple and tasty bakery products perfect for eating at home Mulino Bianco or on the go. Source: Annual Repo,rt, Press Releases, MRFR Analysis 11.5.4 SWOT ANALYSIS T WEAKNESSES W O OPPORTUNITIES S STRENGTHS BARILLA HOLDING S.P.A.: SWOT ANALYSIS THREATS Barilla Holding S.p.A. FIGURE 39 ▪ The company’s brand, Harrys is a leader in the soft bread and morning goods market in France ▪ The company is one of Europe's largest bakery groups, with 36 bakeries in more than 20 countries ▪ The company highly focuses on its pasta business segment as compared to the bakery segment ▪ Improving product portfolio can prove beneficial for the company’s growth ▪ Economic slowdown in the company’s key markets such as the U..K., France, and Italy Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 158 FORECAST TO 2028 11.5.5 KEY STR ATEGIES With planned investments of around EUR 1 billion into its industrial assets, Barilla will be driving its focus on sustainability forward in the years to come. This foundation is the new engine in Barilla’s story of growth. The key aspect of Barilla’s business is establishing regional value chains, from the cultivation of raw materials to processing down to distribution. Barilla has established a strategic production network with factories in Europe, the US, and Russia. Last year, the Italian company purchased an average of 90% of its wheat at the same location where it produces its pasta. Millions of tons of greenhouse gases will be avoided. EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 159 FORECAST TO 2028 11.6 MONDELEZ INTERNATIONAL, INC. 11.6.1 COMPANY OVER VIEW Company Headquarter: Chicago, Illinois, United States Founded: 2012 Workforce: 80000 Company Working: Mondelez International, Inc. is one of the largest snack companies in the world. The company makes and sells primarily snacks, including biscuits (cookies, crackers and salted snacks), chocolate, gum & candy as well as various cheese & grocery and powdered beverage products. It has operations in more than 80 countries and employ around 80,000 in factories, offices, research & development facilities and distribution activities around the world. 11.6.2 F INANCIAL OVER VIEW FIGURE 40 MONDELEZ INTERNATIONAL, INC.: FINANCIAL OVERVIEW SNAPSHOT 2.8% 26,800.00 26,600.00 26,400.00 26,200.00 26,000.00 25,800.00 25,600.00 25,400.00 10% -0.3% 26,581.00 0.2% 0% 25,896.00 25,938.00 2017 2018 (%) (USD Million) COMPANY FINANCIAL OVERVIEW 25,868.00 -10% Sales 4.0% 7.0% 2019 Op Profit Margin (%) Biscuits 48.0% 31.0% 22.0% Europe Gum & Candy AMEA Cheese & Grocery 31.0% North America 9.0% Chocolate 10.0% 2020 Beverages 38.0% Latin America Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 160 FORECAST TO 2028 11.6.3 PR ODUCTS OF F ER INGS TABLE 157 MONDELEZ INTERNATIONAL, INC.: PRODUCTS OFFERINGS Brand Description belVita Breakfast are nutritious, taste great, provide sustained energy for the whole morning and BELVITA can be enjoyed on-the-go.Our belVita Breakfast Biscuits are delicious and especially designed for breakfast. They are available in more than 20 varieties in over 50 countries Barni is a playful bear-shaped snack children love. Baked to perfection with quality ingredients like Barni flour, eggs, milk and chocolate, Barni biscuits soft biscuits have no artificial colors or preservatives. They’re approved for kids’ nutrition from the age of 3 years old and can contribute to healthy kids' snacking if consumed together with fruit and milk product. Oreo has become the world’s top selling cookie and is enjoyed in more than 100 countries. In OREO markets around the world, Oreo comes in surprising local flavors, like blueberry and green tea ice cream, and fun shapes and forms. Cadbury Tiger Cadbury Chocobakes Choc Layered Cakes Cadbury Chocobakes Choc Filled Cookies Tiger is a range of biscuits, filled with vitamins and minerals, predominantly sold in Indonesia, Malaysia, Philippines. Source: Annual Report, Press Releases, MRFR Analysis 11.6.4 KEY DEVELOPMENTS TABLE 158 Month & Year MONDELEZ INTERNATIONAL, INC.: KEY DEVELOPMENTS Approach Developments Mondelēz International today announced an agreement to acquire a significant majority interest in Give & Go, a North American leader in fully-finished sweet baked goods and owners of the famous “two-bite”® brand and the “Create-ATreat”® brand known for cookie and gingerbread house decorating kits. With a Feb-2020 Acquisition leading position in brownies, cupcakes, pastries and muffins, as well as access to the fast-growing in-store bakery channel, the acquisition of Give & Go expands Mondelēz International’s leadership in broader snacking. With Give & Go, Mondelez already expanded from our core cookies into cupcakes, donuts and more. Other Mondelez brands also will be leveraged with opportunities in the company’s new categories. Mondelez India has entered the Rs 2000 crore cakes category with the launch of Cadbury Chocobakes Choc Layered Cakes Cadbury Chocobakes Choc Layered July 2020 New Product Launch Cakes was launched in July 2020. Commenting on the launch, Deepak Iyer, President – India, Mondelez International, said “We are expanding our portfolio into related categories by driving the taste of chocolate as a snack – beyond the bar.” Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 161 FORECAST TO 2028 11.7 ASSOCIATED BRITISH FOODS PLC 11.7.1 COMPANY OVER VIEW Company Headquarter: London, England Founded: 1934 Workforce: 128000 Company Working: Associated British Foods plc is a diversified multinational food, ingredients and retailing company. The company is a diversified group with a wide range of food and ingredients businesses, more than 40 well known grocery brands. The company has operations in 53 countries worldwide along with high degree of autonomy in the operations and sells its products in over 100 countries by supporting and enabling the world's bakers, both small and large. 11.7.2 F INANCIAL OVER VI EW FIGURE 41 ASSOCIATED BRITISH FOODS PLC: FINANCIAL OVERVIEW SNAPSHOT COMPANY FINANCIAL OVERVIEW 15% 1.3% -1.3% -9.7% GBP Million) 15.5 10% 15.4 15.0 20% 14.5 0% 14.0 15.6 15.4 13.5 13.9 13.0 (%) 16.0 -10% -20% 2017 2018 Sales 22.3% 10.2% 14.2% 37.7% 10.2% Agriculture 9.6% Retail UK Europe & Africa Americas Ingredients 8.8% 2020 Op Profit Margin (%) Grocery Sugar 49.3% 2019 Asia-Pacific 37.9% Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 162 FORECAST TO 2028 11.7.3 PR ODUCTS OF F ER INGS TABLE 159 ASSOCIATED BRITISH FOODS PLC: PRODUCTS OFFERINGS Solution Description • Allinson’s is a premium bread brand founded 130 years ago by pioneering baker Thomas Allinson. Allinson’s • No Crusts Soft White • No Crusts Tasty Wholemeal • Soft White Rolls • Tasty Wholemeal Rolls • 50/50 Vitamin Boost Rolls • Golden Pancakes • Chocolate Pancakes Kingsmill • Blueberry Pancakes • Syrup & Sultana Pancakes • Breakfast Muffins • Crumpets • Hot Cross Buns • Multi-Seed • Sourdough • Soy & Canterbury Linseed • Country Grains Ploghmans Bakery • Farmhouse Wholemeal • Wholemeal & Grains • Harvest Rye • Rustic White Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 163 FORECAST TO 2028 11.8 FINSBURY FOOD GROUP PLC 11.8.1 COMPANY OVER VIEW Company Headquarter: United Kingdom Founded:1925 Company Working: Finsbury Food Group PLC is a United Kingdom-based bakery manufacturer. The company is engaged in producing a range of cakes, bread and bakery snack products for retailers and the foodservice channel. Its segments include UK bakery and Overseas. Most of its revenue is generated from its UK bakery segment. The company runs eight manufacturing facilities and bakery companies, and one distribution company, continually investing in them to improve efficiency and customer satisfaction.By targeting these areas, the company offers growth potential and differentiation for its major customers, while fulfilling the changing needs and tastes of end consumers. 11.8.2 F INANCIAL OVER VIEW FIGURE 42 FINSBURY FOOD GROUP PLC : FINANCIAL OVERVIEW SNAPSHOT COMPANY FINANCIAL OVERVIEW 450.00 4% 2% 10% 440.00 446.33 435.00 -3% 0% 443.46 430.00 425.00 (%) (USD Million) 445.00 433.68 429.79 420.00 -10% 2018 2019 Sales 2020 2021 Op Profit Margin (%) Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 164 FORECAST TO 2028 11.8.3 PR ODUCTS OF F ER INGS TABLE 160 Category FINSBURY FOOD GROUP PLC : PRODUCTS OFFERINGS Product Description Memory Lane is one of the UK’s leading suppliers of pre-packed cakes to the Memory lane cakes multiple retailers, and the leading supplier of supermarkets’ own-label ‘sharing’ cake ranges. It also produces under licence for Thorntons, Disney, Mars and other licensed brands. Cakes With over 125 years of baking tradition, and part of the Finsbury Group since 2014, Fletchers Fletchers Bakery can trace its roots back to 1895, when it first started to produce much-loved sliced breads. It’s now one of the most diverse and highly efficient bakery manufacturers in the UK, serving both the retail and foodservice industries. Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 165 FORECAST TO 2028 11.9 PLADIS GLOBAL (UNITED BISCUITS) 11.9.1 COMPANY OVER VIEW Company Headquarter: Skanderborg, Denmark Founded: 2016 Workforce: 17000+ Company Working: Pladis Global is a confectionery and snack foods company encompassing United Biscuits, Ülker, Godiva Chocolatier and DeMet’s Candy Company. It was formed in January 2016 as a subsidiary of Yıldız Holding with its headquarters in London, England. United Biscuits makers of McVitie's biscuits, Jacob's Cream Crackers, and Twiglets operates as the subsidiary of Pladis Gobal. Pladis has formed an internal ventures team in North America to help incubate new brands and bring its products from other countries to the US as the company said the region is 'a priority market and is well on track to achieve $1bn in sales' within the next 10 years. In 2020, profits have soared at McVitie’s owner Pladis Foods after it lifted revenues above £2bn. 11.9.2 PR ODUCTS OF F ER INGS TABLE 161 PLADIS GLOBAL.: PRODUCTS OFFERINGS Solution Products • Biscuits for Cheese • Mini Cheddars • Cheddars • Cheeselets • Choice Grain • Cornish Wafer • Cream Crackers Jacob's Cream Crackers • Essentials Crackers • Mediterraneo • Thai Bites • Water Biscuits • Twiglets • Crinklys • Oddities • Ginger Nuts • Digestives • Hobnobs McVities • BN • Rich Tea • Penguin EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 166 FORECAST TO 2028 • Taxi • Lyle's • Mini Rolls • Club • Gold • Iced Gems • Happy Faces • Jaffa Cakes Source: Annual Report, Press Releases, MRFR Analysis 11.9.3 KEY DEVELOPMENTS TABLE 162 Month & Year MONDELEZ INTERNATIONAL, INC.: KEY DEVELOPMENTS Approach Developments Pladis India has extended its signature McVitie’s digestive biscuits brand to the July 2020 New Product Development baked, salty snacks space with crackers, stepping up competition with Britannia NSE and Parle. Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 167 FORECAST TO 2028 11.10 DUNKIN BRANDS 11.10.1 COMPANY OVER VIEW Company Headquarter: Canton, Massachusetts, U.S. Founded: 1950 Company Working: Dunkin' Brands Group, Inc. was an American restaurant holding company which run three chains of fast-food restaurants: Dunkin' Donuts, Mister Donut, and Baskin-Robbins. It was headquartered in Canton, Massachusetts. On October 30, 2020, Dunkin' Brands announced that it was to be acquired by Inspire Brands in a transaction valued at $11.3 billion including the assumption of Dunkin' Brands debt. The deal closed on December 15. 11.10.2 F INANCIAL OVER VIEW FIGURE 43 DUNKIN BRANDS: FINANCIAL OVERVIEW SNAPSHOT COMPANY FINANCIAL OVERVIEW 4% 1,400.00 1,350.00 2% 1,300.00 (%) (USD Million) 10% 4% 1,250.00 1,200.00 1,248.36 1,150.00 1,275.55 2016 2017 Sales 1,321.62 1,370.00 2018 2019 0% Op Profit Margin (%) Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 168 FORECAST TO 2028 11.10.3 PR ODUCTS OF F ER INGS TABLE 163 DUNKIN BRANDS: PRODUCTS OFFERINGS Brand Products • Donut • Muffin • Bagel Dunkin Donut • Bagel with Cream Cheese • Munchkins • Hash Brown • Croissant • Coffee Roll Source: Annual Report, Press Releases, MRFR Analysis EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 169 FORECAST TO 2028 12.1 REFERENCES All India Bread Manufacturers' Association Home Baking Association American Bakers Association Federation of Bakers Craft Bakers Association (CBA) FPSA Bakery Council Baking Association of Canada The International Association of Plant Bakeries EMISPDF co-urosariouniversity from 201.234.181.53 on 2023-03-22 21:29:37 GMT. DownloadPDF. Copyright © 2021atMarket Research Future Downloaded by co-urosariouniversity from 201.234.181.53 2023-03-22 21:29:37 GMT. EMIS. Unauthorized Distribution Prohibited. 170 FORECAST TO 2028 Market Research Future strategic analysis services are limited publications containing valuable market information provided to a select group of customers in response to orders. 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