The Latest Bakery Industry Statistics Explained
About 2,800 commercial bakeries generated $36.2 billion in the US in 2021.
The statistic indicates that there were approximately 2,800 commercial bakeries operating in the United States in 2021, collectively generating a total revenue of $36.2 billion. This suggests a significant economic contribution from the bakery industry, reflecting the demand for baked goods in the country. The data highlights the scale of the commercial bakery sector and the substantial financial impact it has on the US economy, underlining the prevalence and importance of bakeries as key players in the food industry.
The global bakery product market size was valued at USD 203.8 billion in 2018.
The statistic indicates that in the year 2018, the total market value of bakery products worldwide amounted to USD 203.8 billion. This value represents the collective revenue generated by the sale of various bakery items such as bread, cakes, pastries, and other baked goods across different regions globally. The market size is a key indicator of the scale and economic significance of the bakery industry on a global level, showcasing the high demand for these products among consumers. This statistic is valuable for businesses in the bakery sector, as it provides insights into the market potential and opportunities for growth and expansion within the industry.
The United States baking industry has a total economic impact of about $153 billion.
The statistic that the United States baking industry has a total economic impact of about $153 billion refers to the extensive contribution that the industry makes to the overall economy. This figure encompasses various aspects such as revenue generated by bakeries, sales of baking ingredients and equipment, as well as indirect impacts through supply chains and supporting industries. The statistic highlights the significance of the baking industry as a substantial player in the economy, creating jobs, driving consumer spending, and fostering economic growth. Additionally, it underscores the widespread reach of the industry, from small local bakeries to large-scale manufacturing facilities, showcasing its importance in both local communities and the broader national economy.
Pastries generate about 7% of the total revenue in the US bakery market.
The statistic that pastries generate about 7% of the total revenue in the US bakery market signifies the proportion of overall sales that can be attributed to pastries specifically. This indicates that pastries play a significant role in the economic landscape of the bakery industry, contributing a sizeable portion of the total revenue. Such information is valuable for bakery businesses looking to understand market trends and consumer preferences, as well as for investors and policymakers interested in the economic impact of the bakery sector. The 7% figure highlights the importance of pastries within the broader bakery market and underscores the potential opportunities for growth and innovation in this particular segment.
Artisanal bakery goods represent about 2.3% of the U.S. bakery market.
The statistic that artisanal bakery goods represent about 2.3% of the U.S. bakery market indicates the proportion of these specialized, handcrafted products within the overall bakery industry. This figure suggests that while artisanal bakery goods hold a relatively small share of the market, they still play a significant role in catering to niche preferences for high-quality, unique baked goods. It also implies that there is a growing interest in artisanal products among consumers looking for authentic and specialized offerings in the bakery sector. This statistic highlights the diversity and segmentation within the bakery market, showcasing the importance of recognizing and catering to different consumer preferences and tastes.
There are approximately 6,000 retail bakeries in the United States.
The statistic that there are approximately 6,000 retail bakeries in the United States suggests that there is a significant number of establishments in the country dedicated to selling baked goods directly to consumers. This indicates a strong presence of bakery businesses within the retail sector, offering a wide variety of bread, pastries, cakes, and other baked products to customers. The sheer quantity of retail bakeries also implies a competitive market landscape where businesses may need to differentiate themselves through product quality, customer service, or unique offerings in order to thrive. Additionally, the presence of so many retail bakeries across the country may reflect a consistent demand for freshly baked goods and highlight the cultural significance of bakeries within American society.
In 2019, about 70% of sales in bakeries were sold through retail channels.
The statistic indicates that in the year 2019, approximately 70% of the total sales generated by bakeries were made through retail channels. This suggests that a significant majority of bakery products were purchased by individual consumers directly from retail outlets such as bakeries, supermarkets, or convenience stores, as opposed to other distribution channels like wholesale or online sales. The high percentage of sales through retail channels may reflect the popularity of bakery products among consumers who prefer the convenience of purchasing freshly baked goods in person. This statistic underscores the importance of retail sales in the bakery industry and highlights the continued demand for bakery products among consumers.
The global bakery industry is expected to reach $570 billion by 2024.
The statistic “The global bakery industry is expected to reach $570 billion by 2024” indicates a significant growth projection for the bakery industry worldwide over the next few years. This suggests that consumer demand for bakery products such as bread, pastries, cakes, and cookies is on the rise. Factors contributing to this growth could include evolving consumer preferences for convenient and on-the-go food options, increasing disposable incomes in emerging markets, and the popularity of baked goods as comfort foods. The projected value of $570 billion highlights the economic importance and scale of the global bakery industry, signaling opportunities for businesses within the sector and potential impacts on related industries such as agriculture, food processing, and retail.
Approximately 1 in 4 bakeries in the U.S. are family-owned.
The statistic “Approximately 1 in 4 bakeries in the U.S. are family-owned” indicates that a quarter of all bakeries in the United States are operated and managed by family members. This suggests a significant presence of family-owned businesses within the bakery industry, highlighting the importance of familial involvement and ownership in this particular sector. Family-owned bakeries may bring a personalized touch, traditional recipes, and a strong sense of community connection to their operations, distinguishing them from larger chain bakeries. This statistic underscores the diversity and variety of ownership structures within the bakery business landscape in the U.S.
The average American consumes 53 pounds of bread per year.
This statistic indicates that on average, an individual in the United States consumes approximately 53 pounds of bread annually. This figure provides insight into the dietary habits and consumption patterns of Americans, highlighting bread as a staple food item in their diet. By quantifying the amount of bread consumed per person per year, it allows for comparisons and analysis of bread consumption trends across different demographics or over time. Understanding such statistics can be valuable for health professionals, policymakers, and food industry stakeholders in assessing nutritional intake, market demands, and potential health implications associated with bread consumption in the American population.
Asia Pacific is the fastest-growing market for bakery products, expected to grow at a CAGR of 6.02% between 2018 and 2023.
The statement suggests that the Asia Pacific region is experiencing rapid growth in the market for bakery products, with a projected compound annual growth rate (CAGR) of 6.02% between 2018 and 2023. This indicates that the demand for bakery products in the Asia Pacific region is expected to significantly increase over the next few years. Several factors could be driving this growth, such as changing consumer preferences, increasing urbanization, rising disposable incomes, and a growing population. This statistic highlights the potential opportunities for businesses operating in the bakery industry to target and expand their operations in the Asia Pacific region to capitalize on this upward trend in demand for bakery products.
Gluten-free products make up roughly 1% of the bakery market in the United States.
This statistic indicates that gluten-free products represent a small portion, approximately 1%, of the overall bakery market in the United States. This suggests that while there is a demand for gluten-free options, they are not yet as prevalent or dominant as traditional bakery products containing gluten. This information could be valuable for businesses in the bakery industry looking to tap into the gluten-free market or for consumers interested in understanding the landscape of gluten-free options within the broader bakery market in the US.
The UK bakery market is worth £3.6 billion and is one of the largest markets in the food industry.
The statistic stating that the UK bakery market is worth £3.6 billion signifies the monetary value of the total sales within the bakery industry in the UK. This figure highlights the significant economic importance of the bakery sector within the food industry, indicating a high level of consumer demand and consumption of bakery products in the UK market. The statement further emphasizes that the UK bakery market is one of the largest markets in the food industry, suggesting that it holds a substantial share of the overall food market in terms of revenue generation and employment opportunities. This statistic reflects the thriving nature of the bakery industry in the UK, portraying it as a key player in the food sector with considerable financial significance and market influence.
Around 67% of the bakery market’s revenue is expected to be generated through offline sales by 2021.
The statistic indicating that around 67% of the bakery market’s revenue is expected to be generated through offline sales by 2021 implies that the majority of revenue in the bakery sector will come from in-person purchases made at physical bakeries and stores rather than through online channels such as e-commerce websites or delivery services. This suggests that traditional brick-and-mortar establishments will continue to play a significant role in driving revenue for the bakery industry despite the increasing trend towards online shopping. Factors such as the sensory experience of visiting a bakery, the popularity of freshly baked goods, and the local and community-oriented nature of many bakeries may contribute to the continued dominance of offline sales in this market.
Organic bakery products are expected to see the highest growth in the world bakery products market forecast at a CAGR of 5.8% during 2019–2026.
This statistic indicates that organic bakery products are projected to experience the most significant increase in demand within the global bakery products market from 2019 to 2026, with a compound annual growth rate (CAGR) of 5.8%. This growth rate suggests a steady and consistent rise in consumption of organic bakery items over the forecasted period, outpacing the growth rates of other bakery products. Factors such as increasing awareness about health and environmental sustainability, changing consumer preferences towards natural and organic ingredients, and the rising popularity of specialty and premium food items are likely contributing to this anticipated growth in the organic bakery sector. Businesses operating in the bakery industry may consider capitalizing on this projected trend by investing in the production and promotion of organic bakery products to meet the growing consumer demand and potentially achieve higher market shares and profitability.
The per capita consumption of cakes and pastries in the USA was over 6 pounds in 2020.
The statistic “The per capita consumption of cakes and pastries in the USA was over 6 pounds in 2020” indicates that on average, each person in the United States consumed more than 6 pounds of cakes and pastries in the year 2020. This figure provides a measure of the average amount of these baked goods eaten by individuals in the population, reflecting the overall demand for such products in the country. The data can be used to assess trends in eating habits, preferences for specific types of cakes and pastries, and potentially provide insights into factors influencing consumption patterns such as holidays, celebrations, cultural influences, and dietary trends.
Mexico is the second largest baked goods market worldwide.
The statistic that “Mexico is the second largest baked goods market worldwide” indicates that Mexico ranks second in terms of the total sales and consumption of baked goods among all countries globally. This ranking is based on various factors such as the size of the population, consumer preferences, consumption habits, and the overall demand for baked goods in the country. The statistic highlights the significant market potential and opportunity for the baked goods industry in Mexico, making it an important market for producers, suppliers, and retailers looking to capitalize on this growing industry. Additionally, it suggests that the Mexican market plays a crucial role in the global baked goods market landscape, reflecting the country’s cultural significance and economic impact on the industry.
In Japan, the bakery industry is worth more than 2.1 trillion yen.
The statistic “In Japan, the bakery industry is worth more than 2.1 trillion yen” indicates that the total market value of the bakery industry in Japan surpasses 2.1 trillion yen. This figure represents the total revenue generated by bakeries in Japan, including sales of various baked goods such as bread, pastries, cakes, and other related products. The sizeable value of over 2.1 trillion yen illustrates the significant economic contribution and consumer demand for bakery products in Japan, highlighting the industry’s importance within the country’s economy and food market.
Bread constitutes almost 80% of the total bakery market in India.
The statistic “Bread constitutes almost 80% of the total bakery market in India” indicates that bread is the dominant product in the bakery industry in India, accounting for a significant majority of sales. This suggests that bread is highly popular and widely consumed by the Indian population as a staple food item. The statistic highlights the importance of bread as a key product for both consumers and businesses within the bakery market in India, showcasing its strong market presence and demand compared to other bakery products. Additionally, this high market share of bread implies that bakery businesses may focus resources and efforts on producing and promoting bread to cater to the preferences and needs of Indian consumers.
Conclusion
Despite facing various challenges, the bakery industry continues to show resilience and innovation. By leveraging technology, embracing changing consumer preferences, and maintaining quality standards, bakeries can thrive in a competitive market. Stay informed about industry trends and statistics to make strategic decisions and drive success in the bakery business.
References
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6. – https://www.www.americanbakers.org
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8. – https://www.www.bakingbusiness.com
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