Industry Analysis & Industry Trends
The Global Bakery Goods Manufacturing industry has expanded slowly over the past five years. In the five years to 2013, industry revenue grew at an average annual rate of 1.1% to $394.9 billion; this includes expected growth of 2.6% in 2013. Although bakery consumption is increasing strongly in emerging markets, Western European and US consumption of bakery products has stagnated, mitigating the industry's growth potential. In particular, Latin America and Asia have experienced the most significant growth over the past five years due to changing consumer diets that incorporate a greater range of wheat-based products. By contrast, European consumption of bakery products has stagnated and US consumption declined over the past decade... read more
The industry continues to be dominated by Western Europe. Germany and the United Kingdom are the main operators, together accounting for 60.0% of production, while France, the Netherlands and Spain produce an additional 20.0% between them. While Europe has a historic tradition of bread and bakery products as part of the staple diet, India and the Middle East have also been long-time bread consumers. Over the past five years, however, there has been increased concentration of Western-style bread and bakery products within these regions, as rising levels of affluence and changing aspirations have positively stimulated demand.
Europe accounts for the largest concentration of industry revenue and production, with an estimated 46.1% and 41.3%, respectively... read more