Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The "Bakery Contract Manufacturing Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global bakery contract manufacturing market is expected to grow from $19.92 billion in 2022 to $22.30 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The bakery contract manufacturing market is expected to reach $33.41 billion in 2027 at a CAGR of 10.6%.
The bakery contract manufacturing market report provides bakery contract manufacturing market statistics, including the bakery contract manufacturing industry's global market size, regional shares, competitors with a bakery contract manufacturing market share, detailed bakery contract manufacturing market segments, market trends, and opportunities, and any further data you may need to thrive in the bakery contract manufacturing industry.
The bakery contract manufacturing market is witnessing substantial growth driven by the increasing consumption of bakery products. Bakery contract manufacturers play a crucial role in ensuring the safe production and packaging of specialty, nutritional, and traditional bakery products.
Specialty and nutritional bakeries, which focus on producing specific types of baked goods, benefit from the comprehensive services provided by bakery contract manufacturers. These services encompass manufacturing, packaging, custom formulation, and research and development, catering to both small and medium enterprises (SMEs) and large enterprises.
The surge in bakery product consumption is a significant factor propelling the growth of the bakery contract manufacturing market. Bakery products encompass a wide range of items derived from wheat flour, resulting in various bakery-related products. As the demand for bakery goods continues to rise, many bakeries are unable to operate at full capacity, leading them to seek the assistance of external contract manufacturing companies. This trend is expected to contribute to the expansion of the bakery contract manufacturing market.
For instance, the American Bakers Association reported an 18.7% increase in sales of baking ingredients and a 16.3% increase in supplies in 2020. Moreover, according to data sourced from Euromonitor International in October 2022, retail sales of baked goods in the US reached $67.9 billion in 2021 and are projected to reach $75.8 billion in 2026. This underlines the growing consumption of bakery products, which serves as a catalyst for the bakery contract manufacturing market's growth.
Technological advancements represent a prominent trend in the bakery contract manufacturing market. Leading companies in the sector are actively engaged in developing innovative products to enhance their market presence. For example, KPM Analytics introduced the Sightline TheiaVu Compact Vision Inspection Series in September 2021.
This system offers breadcrumb analysis capability and serves as a comprehensive benchtop analyzer for bakeries, snack food, and meat producers. It enables quick, accurate, and consistent measurement of size, shape, color, and toppings, ensuring final product quality and internal crumb structure analysis.
The bakery contract manufacturing market is embracing technology-driven solutions to meet the evolving demands of the bakery industry, enhancing production, quality, and profitability.
Europe was the largest region in the bakery contract manufacturing market in 2022.The countries covered in the bakery contract manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 275 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $22.3 billion |
| Forecasted Market Value (USD) by 2027 | $33.41 billion |
| Compound Annual Growth Rate | 10.6% |
| Regions Covered | Global |
Major players in the bakery contract manufacturing market are
- De Banketgroep B.V.
- HACO Holding AG
- PacMoore Products Inc.
- Blackfriars Bakery
- Southern Bakeries LLC
- Cibus Nexum BV
- Hearthside Food Solutions LLC
- Richmond Baking
- Oakhouse Bakery
- Adventure Bakery LLC
- Michel's Bakery Inc.
- Bake Works Inc.
- Stephano Group Ltd.
- Tradition Fine Foods Ltd.
- General Mills Inc
Key Topics Covered:
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
4.1. COVID-19 Impact On Bakery Contract Manufacturing Market
4.2. Ukraine-Russia War Impact On Bakery Contract Manufacturing Market
4.3. Impact Of High Inflation On Bakery Contract Manufacturing Market
5. Bakery Contract Manufacturing Market Size And Growth
5.1. Global Bakery Contract Manufacturing Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Bakery Contract Manufacturing Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Bakery Contract Manufacturing Market Segmentation
6.1. Global Bakery Contract Manufacturing Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Specialty And Nutritional Bakery Products
- Traditional Bakery Products
6.2. Global Bakery Contract Manufacturing Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Manufacturing
- Packaging
- Custom Formulation And R&D
6.3. Global Bakery Contract Manufacturing Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Small And Medium Enterprises (SMEs)
- Large Enterprises
7. Bakery Contract Manufacturing Market Regional And Country Analysis
7.1. Global Bakery Contract Manufacturing Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Bakery Contract Manufacturing Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/ucnaz5
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