The Bakery Contract Manufacturing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bakery Contract Manufacturing Global Market Report 2024, The bakery contract manufacturing market size has grown rapidly in recent years. It will grow from $22.3 billion in 2023 to $24.93 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to consumer demand for diverse products, cost efficiency and scalability, focus on core competencies, globalization of supply chains, rising disposable income, popularity of convenience foods.
The bakery contract manufacturing market size is expected to see rapid growth in the next few years. It will grow to $36.93 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to expanding middle class, e-commerce growth, rising health and wellness concerns, regulatory compliance and quality assurance, aging population. Major trends in the forecast period include customization and innovation, clean label and health focus, technology integration, supply chain resilience, global expansion.
The rising consumption of bakery products is expected to boost the growth of the bakery contract manufacturing market going forward. Bakery products refer to a wide range of items that use wheat flour to produce various final bakery-related products. Since most bakeries cannot operate at full capacity to meet the increasing demand for bakery goods, they frequently turn to outside (contract manufacturing) companies to fill in the gaps on those lines; thus, rising bakery product consumption is expected to drive the bakery contract manufacturing market. For instance, according to a report published by the American Bakers Association, a US-based bakery-specific national and state trade association, in 2021, sales of baking ingredients and supplies increased by 18.7% and 16.3%, respectively, in 2020. Further, in October 2022, according to stats sourced from Euromonitor International, 2022 published on the Government of Canada's official website, retail sales of baked goods in the US reached $67.9 billion in 2021 and are expected to reach US$75.8 billion in 2026. Therefore, the rising consumption of bakery products is driving the growth of the bakery contract manufacturing market.
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The bakery contract manufacturing market covered in this report is segmented –
1) By Product: Specialty And Nutritional Bakery Products, Traditional Bakery Products
2) By Service: Manufacturing, Packaging, Custom Formulation And R&D
3) By Application: Small And Medium Enterprises (SMEs), Large Enterprises
Top Major Players
De Banketgroep B.V.
HACO Holding AG
PacMoore Products Inc.
Blackfriars Bakery
Southern Bakeries LLC
Technological advancement is the key trend gaining popularity in the bakery contract manufacturing market. Major companies operating in the bakery contract manufacturing market are focusing on developing new products. For instance, in September 2021, KPM Analytics, a US-based company operating in vision systems and automation inspection solutions to food manufacturers, launched the new Sightline TheiaVu Compact Vision Inspection Series with breadcrumb analysis capability. The Sightline TheiaVu Series Vision Inspection System is a fully competent benchtop analyzer for bakeries, snack food, and meat producers that measures size, shape, color, and toppings quickly, accurately, and consistently, ensuring final product quality. The crumb analysis capabilities further produce high-quality photos and data of bread items' internal crumb structure. The all-in-one tool delivers a wide range of data for testing, research, quality assurance, and final product inspection while reducing time for quality engineers. It is a valuable tool for increasing production, quality, and profits.
The bakery contract manufacturing market report table of contents includes:
1. Executive Summary
2. Bakery Contract Manufacturing Market Characteristics
3. Bakery Contract Manufacturing Market Trends And Strategies
4. Bakery Contract Manufacturing Market - Macro Economic Scenario
5. Global Bakery Contract Manufacturing Market Size and Growth
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31. Global Bakery Contract Manufacturing Market Competitive Benchmarking
32. Global Bakery Contract Manufacturing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bakery Contract Manufacturing Market
34. Bakery Contract Manufacturing Market Future Outlook and Potential Analysis
35. Appendix
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