Global Bake-Off Bakery Products Market Size To Exceed USD 34.98 Billion By 2033 | CAGR Of 4.57%
Category: Food & BeveragesGlobal Bake-Off Bakery Products Market Size To Exceed USD 34.98 Billion By 2033
According to a research report published by Spherical Insights & Consulting, The Global Bake-Off Bakery Products Market Size is Expected to Grow from USD 22.38 Billion in 2023 to USD 34.98 Billion by 2033, at a CAGR of 4.57% during the forecast period 2023-2033.
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Browse key industry insights spread across 205 pages with 100 Market data tables and figures & charts from the report on the “Global Bake-Off Bakery Products Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Bread, Pastries, Cakes, Cookies, and Others), By Application (Frozen Delivery to Retail, Food Service, Artisan Bakers, Bakery Chains, Hotels, Restaurants, Café), By Distribution Channel (Online Sales, Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores, Direct Sales), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.” Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/bake-off-bakery-products-market
The bake-off bakery products market is a term used to describe the part of the bakery business that involves products that are partially or completely prepared ahead of time and stored frozen to be distributed. The products are designed to be baked by retailers or end-users just before consumption so that they are fresh and of high quality. Moreover, most consumers value fresh bakery products but want convenience. Bake-off products provide the advantage of freshness without requiring an in-store bakery, satisfying both quality and convenience requirements. Customers like products that are convenient to bake with less effort, as such products can be frozen and baked at home when required, providing a fresh experience without the inconvenience of conventional baking. However, the price volatility of major ingredients such as flour, sugar, and dairy, can affect the total cost of manufacturing bake-off bakery products. When these raw materials get more expensive significantly, the cost of production for manufacturers can increase, and they might translate this cost to consumers, which might restrict demand.
The bread segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the bake-off bakery products market is divided into bread, pastries, cakes, cookies, and others. Among these, the bread segment dominated the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to bake-off bread offering a convenient and quick option for consumers who desire fresh, quality bread without the effort and time of baking from scratch. The convenience of it makes it a favorite in retail and foodservice channels.
The frozen delivery to retail segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the bake-off bakery products market is divided into frozen delivery to retail, food service, artisan bakers, bakery chains, hotels, restaurants, and café. Among these, the frozen delivery to retail segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven due to freezing bakery items prolonging their shelf life, and cutting down on waste. Products can be stored for longer periods by manufacturers and retailers, which is perfect for inventory management, particularly for short shelf-life products such as bread, rolls, and pastries.
The supermarket and hypermarket segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the bake-off bakery products market is divided into online sales, supermarkets and hypermarkets, specialty stores, convenience stores, and direct sales. Among these, the supermarket and hypermarket segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to supermarkets and hypermarkets that tend to have promotional schemes, discounts, or loyalty cards, which attract consumers to buy bakery products. Such sales mechanisms increase the quantity of products sold, making this distribution channel account for a larger market share.
Europe is expected to hold the majority share of the global bake-off bakery products market during the forecast period.
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Europe is expected to hold the majority share of the global bake-off bakery products market during the forecast period. European consumers typically like to consume freshly baked foods, and the bake-off business model is perfect for this expectation since it promotes fresh bread and pastries without the requirement for in-store bakery equipment. Europe has a plethora of high-quality baked foods, and the bake-off business model enables retailers to provide a selection of bakery foodstuffs in a variety while ensuring consistent freshness.
Asia Pacific is anticipated to grow at the fastest pace in the global bake-off bakery products market during the forecast period. Asia Pacific consumers are adopting the convenience of ready-to-bake, pre-packaged products. With more consumers adopting these products, bake-off bakery products are gaining popularity as a convenient and affordable choice.
Major vendors in the global bake-off bakery products market are Grupo Bimbo S.A.B. de C.V., Aryzta AG, Lantmännen Unibake International, Vandemoortele NV, Europastry S.A., General Mills Inc., Associated British Foods plc, Premier Foods plc, Rich Products Corporation, Flowers Foods Inc., Yamazaki Baking Co., Ltd., Harry-Brot GmbH, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In December 2024, Bikaji Foods ventured into the frozen foods segment by creating a subsidiary that deals in frozen bread products. This strategic move is in line with the company's expansion plans to diversify its product offerings and keep pace with changing consumer preferences. The new subsidiary plans to explore growth opportunities in the frozen baking segment using Bikaji's existing market position.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the bake-off bakery products market based on the below-mentioned segments:
Global Bake-Off Bakery Products Market, By Product Type
- Bread
- Pastries
- Cakes
- Cookies
- Others
Global Bake-Off Bakery Products Market, By Application
- Frozen Delivery to Retail
- Food Service
- Artisan Bakers
- Bakery Chains
- Hotels
- Restaurants
- Café
Global Bake-Off Bakery Products Market, By Distribution Channel
- Online Sales
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Direct Sales
Global Bake-Off Bakery Products Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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