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Bakery Goods Production in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 1071 July 2024 Spotlight Report

Revenue

€130.6bn

2019-2024 6.9 %
2024-2029 X.X %

Employees

2m

2019-2024 0.2 %
2024-2029 X.X %

Businesses

193k

2019-2024 0.1 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Bakery Goods Production in Europe industry analysis

Bakery products are a staple of European cuisines. In recent years, bakeries have grappled with spiralling costs and slowed sales off the back of dipping disposable incomes. According to Eurostat, France recorded a whopping 31.5% surge in bakery production prices between Q4 2021 and Q2 2023. Across the EU, this rate averaged at 26.1%. This surge in costs has eroded profitability and forced bakers to inflate selling prices. Despite the price hikes, bakery revenue has dropped in real terms, at an estimated compound annual rate of 6.9% to €130.6 billion over the five years through 2024, including a projected 5.8% dip in 2024.

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Industry Statistics and Trends

Bakery Goods Production in Europe key trends

Bakeries worldwide hit by soaring input prices.

 

The rising costs of wheat, corn, sunflower and barley have caused production costs to spiral.

Industrial producers threaten artisan bakeries' market share.

 

Rising cost pressures and improved preservation technology allow mass-produced bread to compete with locally made, traditional breads in terms of price and freshness.

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Bakery Goods Production in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Bakery Goods Production in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 6.9 % over the past five years, to reach an estimated €130.6bn in 2024.

Trends and Insights

Bakeries grapple with rising input prices

  • Bakery purchase costs have skyrocketed since 2021 off the back of Russia’s invasion of Ukraine, which skyrocketed the global oilseed and grain supply. Ukraine is a vital component of the global supply chain and is among the world's biggest producers of corn, wheat, sunflower and barley.

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Bakery Goods Production in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Artisan bakeries are under threat from industrial producers

  • Industrial bakers that mass produce breads and pastries are increasingly taking over the market share of smaller local producers.

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Revenue

€130.6bn

2019-2024 6.9 %
2024-2029 X.X %

Employees

2m

2019-2024 0.2 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 0.2 % *
  • Job Growth

Top 5 Countries

  1. Lithuania +16.7%
  2. Romania +13.9%
  3. Czechia +13.2%
  4. Serbia +12.0%
  5. Latvia +10.5%

Bottom 5 Countries

  1. Turkey -9.1%
  2. Iceland -5.7%
  3. Italy -2.0%
  4. Belgium -2.0%
  5. Russia -2.0%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Bakery Goods Production in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Mondelez International Inc
34,791.3
3,776.8
10.9
Ferrero International SA
15,126.5
959.1
6.3
Grupo Bimbo SAB de CV
23,061.9
1,431.5
6.2

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Bakery Goods Production in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Bakery Goods Production industry in Europe in 2024?

The market size of the Bakery Goods Production industry in Europe is €130.6bn in 2024.

How many businesses are there in the Bakery Goods Production in Europe industry in 2024?

There are 193k businesses in the Bakery Goods Production industry in Europe, which has grown at a CAGR of 0.1 % between 2019 and 2024.

Has the Bakery Goods Production industry in Europe grown or declined over the past 5 years?

The market size of the Bakery Goods Production industry in Europe has been declining at a CAGR of 6.9 % between 2019 and 2024.

What is the forecast growth of the Bakery Goods Production industry in Europe over the next 5 years?

Over the next five years, the Bakery Goods Production industry in Europe is expected to grow.

What does the Bakery Goods Production in Europe include?

Breads and rolls and Cakes and pastries are part of the Bakery Goods Production industry.

Which countries have the most businesses in the Bakery Goods Production industry in Europe?

The European country with the most businesses in the Bakery Goods Production industry is France.

How competitive is the Bakery Goods Production industry in Europe?

The level of competition is high and steady in the Bakery Goods Production industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

This industry covers the manufacture of fresh, frozen or dry bakery products, including bread, cakes pastries, biscuits and pies that are not for immediate consumption.

Related Terms

OrganicGlutenViennoiseries

What's included in this industry?

Breads and rollsCakes and pastriesBiscuits and cookiesSavoury snacksOther

Companies

Mondelez International IncFerrero International SAGrupo Bimbo SAB de CV

Industry Code

ISIC 2006

1071 - Manufacture of bakery products in Europe

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Performance

Key Takeaways

Bakeries grapple with rising input prices

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Revenue Highlights

Trends
  • Revenue
  • Current Year Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Bakery Goods Production in Europe industry (2011 -2029)
  • Employees in the Bakery Goods Production in Europe industry (2011 -2029)
  • Business in the Bakery Goods Production in Europe industry (2011 -2029)
  • Profit in the Bakery Goods Production in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Bakery Goods Production in Europe industry?


Outlook

Analysis

What's driving the Bakery Goods Production in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Bakery Goods Production in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Bakery Goods Production in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Bread reigns supreme in European diets. The continent's diverse array of regional bread varieties, along with its economic stability, results in consistent high sales and consumption, with countries like Turkey, Serbia, and Bulgaria leading the pack.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Bakery Goods Production in Europe industry's products and services performing?

Analysis

What are innovations in the Bakery Goods Production in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Bakery Goods Production in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Level of concentration can vary between country. Food culture has a strong affect on concentration. In countries with a strong culture for bread, like France and Germany, the industry is more fragmented with many small bakeries competing.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Mondelez International Inc
  • Countries of operation for Ferrero International SA
  • Countries of operation for Grupo Bimbo SAB de CV
  • Countries of operation for Groupe Le Duff SA
  • Countries of operation for Warburtons Ltd
  • Countries of operation for General Mills Inc
  • Countries of operation for Valeo Foods Unlimited Company
  • Countries of operation for Griesson – de Beukelaer GmbH & Co KG
  • Countries of operation for Bahlsen GmbH & Co KG
  • Countries of operation for Yildiz Holding AS

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Food standards are strict in Europe. The EU, UK and other counties in Europe have strict food standard regulations including labelling requirements and banned substances.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Bakery Goods Production in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Bakery profits slide due to soaring production prices. Rising costs of bread and biscuit manufacturing, revealed by a surge of 26.1% from 2021 to 2023 according to Eurostat, have hit bakeries' bottom lines hard.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Bakery Goods Production in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.