GITNUX MARKETDATA REPORT 2024
Must-Know Baking Industry Statistics [Latest Report]
With sources from: statista.com, americanbakers.org, mordorintelligence.com, grandviewresearch.com and many more
In this post, we will explore a comprehensive collection of statistics that shed light on the dynamic and ever-evolving baking industry. From the staggering sales figures of various bakery products to insights into market trends and consumer behavior, these statistics provide valuable insights into the current landscape of the baking industry on a global scale. Let’s dive into the data and uncover the fascinating trends shaping the future of the baking industry.
Statistic 1
"Around 12% of all bakery products sold are organic."
Statistic 2
"In 2020, bread was the leading bakery product consumed in Europe, accounting for 84.3% of the market share."
Statistic 3
"About 45% of U.S. consumers eat bakery products at least once per week."
Statistic 4
"The Asia-Pacific region is predicted to be the fastest-growing market for baked goods, with a CAGR of 6.5% from 2020 to 2026."
Statistic 5
"Gluten-free bakery products accounted for $1.66 billion in sales in the U.S. in 2018."
Statistic 6
"The U.K. bakery market was valued at approximately £7.2 billion in 2020."
Statistic 7
"Artisan bakery products are expected to witness a significant increase in market share, growing at a rate of 7.2% per annum."
Statistic 8
"India’s bakery market is projected to reach $12 billion by 2024, growing at a CAGR of 9.62% during 2019-2024."
Statistic 9
"Approximately 98% of U.S. households purchase bakery products."
Statistic 10
"The organic bakery product segment is expected to grow at a CAGR of over 5% from 2021 to 2028."
Statistic 11
"Household expenditure on bread and bakery products in the UK was approximately £4.3 billion in 2020."
Statistic 12
"The total sales of cakes and pastries in the U.S. amounted to approximately $27 billion in 2020."
Statistic 13
"Employment within the baking industry in the U.S. reached over 807,000 people in 2019."
Statistic 14
"The U.S. baking industry created $154.6 billion in direct economic output in 2019."
Statistic 15
"Bakeries in the U.S. are anticipated to reach a market size of $36 billion by 2025."
Statistic 16
"The bakery products segment accounted for 8.5% of the total packaged food sales worldwide in 2020."
Statistic 17
"Europe accounts for one-third of the global bakery market."
Statistic 18
"The global baking industry was valued at approximately USD 424 billion in 2021."
Statistic 19
"The compound annual growth rate (CAGR) for the global bakery products market is projected to be around 3.9% from 2020 to 2025."
Statistic 20
"Online sales of bakery products surged by 35% in 2020 due to the COVID-19 pandemic."
Interpretation
The statistics outlined for the baking industry highlight a vibrant and dynamic landscape characterized by substantial market values, significant growth projections, and diverse consumer preferences. From the robust sales figures of packaged bread in the U.S. and the global baking industry's staggering worth to the steady rise of artisan and organic bakery products, it is evident that the industry is experiencing continuous expansion. The data also sheds light on regional trends, showcasing the rapid growth in the Asian-Pacific bakery market and the dominance of the European bread market. With evolving consumer demands driving various segments such as gluten-free, vegan, and ready-to-eat bakery products, the industry is poised for innovation and further economic impact, as demonstrated by its contribution to GDP and employment figures.
Jannik Lindner
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