Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.8 % over the past five years, to reach an estimated $415.9bn in 2024.
Trends and Insights
Growing markets for bakery goods manufacturers prevent losses
- Growth has stagnated in matured markets and growth in emerging economies is just enough to create minimal industry growth. Countries that traditionally didn't consume bread regularly, such as those in North Asia, are incorporating more bread into their regular diets, in addition to the growing adoption of Western cuisines in North Asia has driven demand for Western-style bread.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Growth in China is expected to continue
- The Chinese market will endure above-average growth in the forthcoming years, reflecting its robust economic momentum and expanding consumer base. This growth is driven by several factors, including increased urbanization, technological advancements and government policies supporting innovation and investment. As businesses and industries evolve, the market offers promising opportunities for domestic and global investors seeking to capitalize on this economic expansion.
Biggest companies in the Global Bakery Goods Manufacturing
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Grupo Bimbo SAB de CV | 22,541.7 | 1,994.6 | 8.8 | |
Mondelez | 18,140.5 | 2,961.6 | 16.3 | |
Yamazaki Baking Co. Ltd. | 8,496.2 | N/A | N/A |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Fresh and frozen bread and rolls, Cookies, crackers and pretzels and Fresh and frozen cakes, pies and other pastries and desserts. Fresh and frozen bread and rolls is the largest segment of the Global Bakery Goods Manufacturing.
Trends and Insights
Fresh and frozen bread and rolls is decreasing as a size of revenue
- Fresh, frozen and packaged bread, bread rolls and other fresh bakery products, such as baguettes and naan, are included in this product segment. Varieties of different bread-based rolls include hamburgers, wiener, bagels and croissants.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
This industry includes companies that primarily manufacture fresh and frozen bread and other bakery products. The industry acquires raw materials, such as flour, starch, sugar, meat, dried fruit, emulsifiers, flavorings, preservatives, additives, gluten, vitamins and food acids, and processes them into consumer food products, such as bread, doughnuts, cakes, pies and pastries. These are then sold to supermarkets, convenience stores, food service providers and other retailers.
What's included in this industry?
Bread and rolls manufacturing Doughnut manufacturing Pie manufacturing Pastry and cake manufacturing Bagel manufacturing Tortilla manufacturing Cookie manufacturing Cracker and pretzel manufacturing Frozen bakery product manufacturingCompanies
Grupo Bimbo SAB de CVMondelezYamazaki Baking Co. Ltd.Purchase this report to view all 3 major companies in this industry.
Related Terms
YEASTPROBIOTICSLEAVENING AGENTFUNCTIONAL FOODPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Growth has stagnated in matured markets, and growth in emerging economies is barely enough to create positive overall revenue increase. Countries that traditionally didn’t co...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Per capita bread consumption in North America and Western Europe has stagnated over the past decade. Conversely, bread consumption in South America remains very high, support...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
There are more than 16,000 manufacturers of bakery goods across Europe. This trend is most pronounced in countries where there is a greater tradition of buying freshly baked ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Business Locations Charts
- Share of global output by region in 2024
- Share of population compared to output in each region in 2024
- Data tables
- Share of global output by region in 2024
- Detailed analysis
- Geographic spread of the industry across Global, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Most global baked goods manufacturers serve local communities. The industry is characterized by numerous small commercial bakeries operating in a highly mature and fragmented...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Grupo Bimbo acquires Romanian company Vel Pitar bakery. Vel Pitar has 12 recognized brands of breads and related products and employees 1,800 employees.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Grupo Bimbo SAB de CV's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Mondelez's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Yamazaki Baking Co. Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Grupo Bimbo SAB de CV, and factors influencing its performance in the industry
- Description and key data for Mondelez, and factors influencing its performance in the industry
- Description and key data for Yamazaki Baking Co. Ltd., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Production and labeling standards for bakery goods manufacturers are primarily governed by the Food and Drug Administration (FDA). The FDA's mission is to promote and protect...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit margins can grow with a good brand. Profit can vary between product segments, with branded products generating higher profit than generic goods.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
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)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Global Bakery Goods Manufacturing industry in Global in 2024?
The market size of the Global Bakery Goods Manufacturing industry in Global is $415.9bn in 2024.
How many businesses are there in the Global Bakery Goods Manufacturing industry in 2024?
There are 113k businesses in the Global Bakery Goods Manufacturing industry in Global, which has grown at a CAGR of 3.5 % between 2019 and 2024.
Has the Global Bakery Goods Manufacturing industry in Global grown or declined over the past 5 years?
The market size of the Global Bakery Goods Manufacturing industry in Global has been growing at a CAGR of 0.8 % between 2019 and 2024.
What is the forecast growth of the Global Bakery Goods Manufacturing industry in Global over the next 5 years?
Over the next five years, the Global Bakery Goods Manufacturing industry in Global is expected to grow.
What are the biggest companies in the Global Bakery Goods Manufacturing market in Global?
The biggest companies operating in the Global Bakery Goods Manufacturing market in Global are Grupo Bimbo SAB de CV, Mondelez and Yamazaki Baking Co. Ltd.
What does the Global Bakery Goods Manufacturing in Global include?
Bread and rolls manufacturing and Doughnut manufacturing are part of the Global Bakery Goods Manufacturing industry.
Which companies have the highest market share in the Global Bakery Goods Manufacturing in Global?
The company holding the most market share in Global is Grupo Bimbo SAB de CV.
How competitive is the Global Bakery Goods Manufacturing industry in Global?
The level of competition is high and increasing in the Global Bakery Goods Manufacturing industry in Global.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Other Global Food Product Manufacturing
Complementors
- Global Sugar Manufacturing
- Global Convenience Store Chains
- Global Supermarkets
International industries
- Bread Production in the US
- Cookie, Cracker & Pasta Production in the US
- Frozen Cake & Pastry Manufacturing in the US
- Bread Production in Canada
- Cookie, Cracker & Pasta Production in Canada
Methodology
How are IBISWorld reports created?
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
- United Nations Comtrade
- Organization for Economic Cooperation & Development
- World Bank
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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