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Bakery Goods Production in Italy - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

IT-C1071 July 2024 Factsheet

Revenue

€10.4bn

2019-2024 4.1 %
2024-2029 X.X %

Employees

90,115

2019-2024 2.0 %
2024-2029 X.X %

Businesses

26,282

2019-2024 1.0 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Bakery Goods Production in Italy market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Italy compared to Europe?

Country Benchmarking

Industry Data Italy

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#4 In Europe
Business
#3 In Europe
Employees
#8 In Europe
Wages
#4 In Europe

View industry report for Europe

Bakery products are a staple of European cuisines. In recent years, bakeries have grappled with spiralling costs and slowed sales off the back of dipping disposable incomes. According to Eurostat, France recorded a whopping 31.5% surge in bakery production prices between Q4 2021 and Q2 2023. Across the EU, this rate averaged at 26.1%. This surge in costs has eroded profitability and forced bakers to inflate selling prices. Despite the price hikes, bakery revenue has dropped in real terms, at an estimated compound annual rate of 6.9% to €130.6 billion over the five years through 2024, including a projected 5.8% dip in 2024.

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Enterprises
Number of businesses in 2024

Biggest companies in the Bakery Goods Production in Italy

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Mondelez International Inc
34,791.3
3,776.8
10.9
Ferrero International SA
15,126.5
959.1
6.3
Grupo Bimbo SAB de CV
23,061.9
1,431.5
6.2

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Top Questions Answered in this Report

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What is the market size of the Bakery Goods Production industry in Italy in 2024?

The market size of the Bakery Goods Production industry in Italy is €10.4bn in 2024.

How many businesses are there in the Bakery Goods Production in Italy industry in 2024?

There are 26,282 businesses in the Bakery Goods Production industry in Italy, which has declined at a CAGR of 1.0 % between 2019 and 2024.

Has the Bakery Goods Production industry in Italy grown or declined over the past 5 years?

The market size of the Bakery Goods Production industry in Italy has been declining at a CAGR of 4.1 % between 2019 and 2024.

What is the forecast growth of the Bakery Goods Production industry in Italy over the next 5 years?

Over the next five years, the Bakery Goods Production industry in Italy is expected to decline.

What are the biggest companies in the Bakery Goods Production market in Italy?

The biggest companies operating in the Bakery Goods Production market in Italy are Mondelez International Inc, Ferrero International SA and Grupo Bimbo SAB de CV

What does the Bakery Goods Production in Italy include?

Breads and rolls and Cakes and pastries are part of the Bakery Goods Production industry.

Which companies have the highest market share in the Bakery Goods Production in Italy?

The company holding the most market share in Italy is Mondelez International Inc.

How competitive is the Bakery Goods Production industry in Italy?

The level of competition is high and steady in the Bakery Goods Production industry in Italy.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

This industry covers the manufacture of fresh, frozen or dry bakery products, including bread, cakes pastries, biscuits and pies that are not for immediate consumption.

Related Terms

OrganicGlutenViennoiseries

What's included in this industry?

Breads and rollsCakes and pastriesBiscuits and cookiesSavoury snacksOther

Companies

Mondelez International IncFerrero International SAGrupo Bimbo SAB de CV

Industry Code

ISIC 2006

1071 - Manufacture of bakery products in Italy

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Bakery Goods Production in Italy industry?


Outlook

Analysis

What's driving the Bakery Goods Production in Italy industry outlook?


Volatility

Analysis

What influences volatility in the Bakery Goods Production in Italy industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Bakery Goods Production in Italy industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Bread reigns supreme in European diets. The continent's diverse array of regional bread varieties, along with its economic stability, results in consistent high sales and consumption, with countries like Turkey, Serbia, and Bulgaria leading the pack.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Bakery Goods Production in Italy industry's products and services performing?

Analysis

What are innovations in the Bakery Goods Production in Italy industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Bakery Goods Production in Italy industry?


International Trade

Highlights

  • Total Imports into Italy
  • Total Exports into Italy
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Level of concentration can vary between country. Food culture has a strong affect on concentration. In countries with a strong culture for bread, like France and Germany, the industry is more fragmented with many small bakeries competing.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Bakery Goods Production in Italy located?

Companies

Data Tables

Top 6 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Food standards are strict in Europe. The EU, UK and other counties in Europe have strict food standard regulations including labelling requirements and banned substances.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Bakery Goods Production in Italy industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Bakery profits slide due to soaring production prices. Rising costs of bread and biscuit manufacturing, revealed by a surge of 26.1% from 2021 to 2023 according to Eurostat, have hit bakeries' bottom lines hard.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Bakery Goods Production in Italy industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.