Baked Foods Market takes exponential Growth due to Rapid urbanization

September 2022, Market Research Future has published a Report on the Global Baked Foods Market

Global Baked Foods Market – Overview

Baked foods market is estimated to reach USD 265.34 billion by 2030, growing at a CAGR of 8.12% from 2022 to 2030. 

Growing bakery industry is supporting the growth of baked foods market at a global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Baked foods Market Research Report- Forecast to 2030 that the market will demonstrate an exceptional CAGR during the forecast period.

Baked foods are prepared through baking, which is a method of cooking food by elongated dry heat. Baked foods are full of taste as it is cooked more within its own oil, so they are very juicy and rich in flavor if cooked with accurate time, temperature and measured ingredients The most common types of baked foods can be segmented such as baked bakery products which include baked cakes and pastries, baked breads & rolls, baked donuts, baked biscuits, and baked dairy products. They are available in wide variety and their preferences may vary according to the regional demands.

Increasing demand for bakery products including cookies & biscuits, bread, rolls & pies, cakes & pastries and others is driving the growth of baked foods market. Rise in number of working population and inclination towards ready-to-eat products is boosting the growth of the market. Rapid urbanization is another factor supporting the growth of baked foods market. Baked foods are low in fat for which they are gaining popularity among the rising health conscious population. Moreover, nutritional value addition in the baked bakery products through fruits and nuts is expected to surge the growth of the market. Continuous innovations and technological advancements is anticipated to propel the baked foods market over the forecast period.  

Latest Industry Updates

Jan 2021 Arabian food industries, Domty which is into dairy sector has announced their expansion in baked goods in the year 2021

Jan 2021 Brock O'Hurn and Sarah Stage have introduced “Quest Protein Cookie” which delivers a soft and chewy baked goods texture

March 2021 Finsbury Food Group launched a new cake range with Mary Berry and opened a new facility to bake higher-quality loaves

Oct 2021 Grupo Bimbo completed the acquisition of East Balt Bakeries, one of the leading companies of the foodservice industry, which produces and provides bakery products to Quick Service Restaurants (QSR).

Global Baked Foods Market - Competitive Analysis

With the entry of industry players in the baked foods segment, a trend of solid, volume-driven growth has been observed in the market with the development of different varieties of product types. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and experimenting with various advantage points. The key players are highly focusing on product innovations and new product launches which are healthy for the consumers. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

The key players profiled in baked foods market are Grupo Bimbo (Mexico), Finsbury Food Group (U.K), Flowers Foods (Georgia), Hostess Brands (U.S.), McKee Foods (U.S.), Yamazaki Baking (Japan), Aryzta (Switzerland), BreadTalk (Singapore), George Weston (Canada), Hillshire Brands (U.S.), Monginis (India), and Pepperidge Farm (U.S.) among many others.

Global Baked Foods Market – Segments

The global baked foods market has been divided into type, distribution channel, and region.

On The Basis Of Type: baked bakery products (baked cakes & pastries, baked breads & rolls, baked donuts, baked biscuits, and other baked bakery products), baked dairy products, and others

On The Basis Of Distribution channel: Food service, and Food retail

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

Global Baked Foods Market -

Regional Analysis

The global baked foods market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is dominating the market followed by Europe. In North America owing to the busy work schedule, majority of the population prefers wraps, rolls and pocket sandwiches which is driving the growth of baked foods in this region. Moreover, increasing health conscious population is influencing the rising demand for baked foods.

In Europe, U.K., Germany and France are the major contributors for baked foods market. Asia Pacific is witnessed to be the fastest growing region for baked foods market in which emerging markets of India and China are the major contributors. Rapid innovation in bakery industry with product diversification will boost the growth of baked foods in rest of the world.