GITNUX MARKETDATA REPORT 2024

Must-Know Baking Industry Statistics [Latest Report]

Table of Contents

Welcome to our blog post about baking industry statistics. In this post, we will explore the current state of the baking industry and discuss some of the most interesting trends and statistics. We will also look at how the baking industry has evolved over the years and what the future holds for the industry.

Finally, we will discuss some of the key challenges facing the baking industry today and how they can be addressed. So, let’s get started.

Baking Industry: The Most Important Statistics

The global bakery products market is projected to reach a value of USD 480.95 billion in 2022, and will grow at a CAGR of 6.7% from 2023 to 2028, with Europe representing the largest market.
The global bakery industry was valued at $331.37 billion in 2020 and is projected to reach $436.91 billion by 2026, with the specialty bakery sector growing by 2.45% in 2022.
The Bakery Cafes industry in the US is estimated to reach $17.1 billion in 2023 with a 0.8% growth rate.

Baking Industry: Statistics Overview

The global bakery products market is projected to reach a value of USD 480.95 billion in 2022, and will grow at a CAGR of 6.7% from 2023 to 2028, with Europe representing the largest market.

The global bakery products market is growing rapidly and is expected to continue to grow in the coming years. This indicates that the baking industry is a lucrative and growing industry, and that businesses in the industry should consider investing in the industry to capitalize on the growth.

The global bakery industry was valued at $331.37 billion in 2020 and is projected to reach $436.91 billion by 2026, with the specialty bakery sector growing by 2.45% in 2022.

The baking industry is continuing to expand and that customers are looking for healthier alternatives and new products. This growth also indicates that the major players in the industry are likely to remain dominant, as they hold a majority of the market share.

The market size of the Bread & Bakery Goods Production industry in the UK is expected to increase by 0.4% in 2023, despite an average decline of 0.2% per year between 2018 and 2023.

The baking industry in the UK is still growing despite the decline in recent years, indicating that the industry is resilient and has potential for further growth in the future.

The UK Bread and Bakery Goods Production industry is expected to be worth over £8.7 billion by 2023, with an annual growth rate of 0.9% and a decrease of 0.6% by 2026.

This gives an indication of the size and growth of the industry, as well as the market share of the major players. It also provides insight into the future of the industry and the potential for growth or decline.

Bakery products make up 2.1% of the US GDP and the market for baked goods is expected to grow 1% annually in the coming decade.

The baking industry is a significant contributor to the US economy and is expected to continue to grow in the near future. This indicates that the baking industry is a viable option for potential entrepreneurs and investors.

The Bakery Cafes industry in the US is estimated to reach $17.1 billion in 2023 with a 0.8% growth rate.

This provides an indication of the size and growth of the industry. It also provides an indication of the potential for future growth and profitability. Additionally, it can help inform decisions related to investments, marketing, and product development.

The South Africa Bakery Products Market is projected to grow at a CAGR of 2.7% from 2022-2028, with bread making up the majority of market revenue (60%).

This provides an indication of the potential growth of the market in South Africa over the next few years. It also highlights the importance of bread in the South African market, as it is the most popular product in the market. This can help baking companies to adjust their strategies accordingly to capitalize on the potential growth of the market.

The South African bakery market size was valued at $2.86 billion in 2021 and is projected to grow at a CAGR of more than 3%.

The baking industry in South Africa is growing and is a lucrative market. This information can be used by bakers and investors to make informed decisions about the industry and to identify potential opportunities for growth.

The Asia-Pacific Bakery Products Market is expected to register a CAGR of 8.46% over the next few years, with retail sales valued at more than USD 37 Billion in 2021.

The Asia-Pacific market is growing at a rapid rate and is a key contributor to the global market. This indicates that the Baking Industry is growing and that there is an increasing demand for bakery products in Asia-Pacific countries like China and India.

The Asia Pacific bakery ingredients market is expected to reach a valuation of USD 585.86 million by 2030, growing at a CAGR of 6.75%.

This shows the potential for growth in the Asia Pacific region, with China having the majority of the market share. This indicates that the baking industry in this region is thriving and has potential for further growth.

Employment in the baking industry has been relatively stable since 2015, with a peak in 2019 and a 2.7% decline in 2020.

This provides insight into the current state of the industry and how it has been affected by the pandemic. It also provides a comparison to the pre-pandemic peak in 2019 and the low point in 2006, which can help inform future decisions and strategies.

The bakery industry has experienced a 3.6% drop in productivity in 2020, the largest single-year drop since 1988.

This indicates that the bakery industry is not as productive as it was in 2019 and has seen a decrease in productivity since 2017. This could have a significant impact on the industry’s overall profitability and could lead to changes in pricing, staffing, and other operational decisions.

The total number of credit unions globally rose significantly until 2017, then dropped and stabilized at 86,000 from 2018 to 2020, with Africa and Asia accounting for 90% of all credit unions.

Credit unions are an important part of the banking industry and their presence can affect the industry’s overall performance. Credit unions provide an alternative to traditional banking services, and their growth or decline can indicate the health of the banking industry.

The value of assets of credit unions in the United States increased from 1.3 trillion US dollars in 2013 to 2.14 trillion US dollars in the first half of 2022, with a particularly high increase in 2020.

Credit unions have been growing in popularity and have been able to increase their assets over the past few years. This indicates that credit unions are becoming a more viable option for consumers who are looking for financial services.

Dump truck drivers with an Associate degree earn the highest salary at $56,682 annually.

Having a higher level of education can lead to higher wages, which can be beneficial for those looking to enter the baking industry.

White dump truck drivers make up the highest percentage of all dump truck drivers at 60.4%.

This shows the demographic makeup of the dump truck drivers, which is important to consider when looking at the overall industry. This information can be used to inform decisions about hiring practices and other policies.

UK manufacturers’ sales of fishing rods, line fishing tackle, and other fishing or hunting articles rose by more than 3 times from 2008 to 2021.

This shows the growth of the fishing industry in the UK over the past 13 years. This growth can be used to compare the growth of other industries in the UK and to inform decisions about investments in the fishing industry.

Fishing rod sales in Russia have seen a decrease from 7 million in 2019 to nearly 5 million in 2020, but are expected to recover to 6.6 million in 2025.

This statistic is important for the Baking Industry Statistics because it shows the potential for growth in the fishing rod market in Russia, which could lead to increased demand for related products and services.

21% of people in the UK found it very difficult to find a trusted tradesman in 2014.

It can be difficult for people to find reliable services in the UK. This can be used to inform businesses in the baking industry about the importance of providing reliable services and building trust with customers.

The US market size for handyman service franchises grew steadily from 2013 to 2023, reaching a peak of 4.7 billion US dollars in 2023.

This indicates a growing demand for services that require skilled labor. This can be seen as an opportunity for the baking industry to expand its services and capitalize on the growing demand for skilled labor.

Supplementary Statistics

The global bakery product market size was valued at $203.8 billion in 2018.

This serves as a reminder of the sheer magnitude of the market, and the vast opportunities that exist for those looking to capitalize on the industry’s growth. With such a large market, it is no wonder that the baking industry is a popular choice for entrepreneurs and businesses alike.

The commercial baking industry generated around $31 billion in the US in 2022.

It highlights the fact that the baking industry is a major contributor to the US economy, and that it is a thriving and profitable sector. This statistic is an important indicator of the health of the baking industry, and it is a valuable piece of information for anyone interested in the baking industry.

The baking industry in the United States employs over 800,000 people.

The baking industry is a major employer, providing jobs and livelihoods to hundreds of thousands of people. This statistic is a powerful reminder of the importance of the baking industry in the US economy.

There were 2,800 in-store bakery units in the United States in 2017.

It provides a snapshot of the current state of the industry, and can be used to compare the growth of the industry over time. It also serves as a benchmark for the potential of the industry, and can be used to inform decisions about investments and strategies.

Bakery products account for 2.1% of the global food and beverage retail sales.

Despite the competition from other food and beverage products, bakery products still hold a significant share of the market. This is a clear indication of the strength of the baking industry and its potential for growth.

There are an estimated 38,000+ retail bakeries in the United States.

It speaks to the fact that baking is a major industry, with thousands of businesses dedicated to providing delicious baked goods to the public. It also shows the potential for growth in the industry, as there is still room for more bakeries to open and thrive. This statistic is an important reminder of the importance of the baking industry in the US economy.

The frozen bakery products market is expected to reach $28.35 billion by 2024.

The frozen bakery products market is expected to experience tremendous growth in the coming years, indicating that now is the perfect time to invest in the baking industry. With the right strategies and investments, businesses can capitalize on this growth and reap the rewards.

Gluten-free bakery products market is projected to grow at a CAGR of 9.1% between 2019 and 2024.

As more people become aware of the health benefits of gluten-free products, the market for these products is expected to continue to expand at a rapid rate. This statistic is important for anyone interested in the baking industry, as it provides insight into the potential for growth in this sector.

Bread sales in the US amounted to $13.52 billion in 2019.

It is a clear indication that the baking industry is a lucrative one, and that there is a large market for bread-related products. This statistic is an important piece of information for anyone looking to invest in the baking industry, as it shows that there is a large and growing demand for bread-related products.

By 2025, organic bakery products market is expected to reach a value of $12.1 billion.

The organic bakery products market is expected to experience tremendous growth in the coming years, indicating that now is the perfect time to invest in this sector. With the right strategies and investments, businesses can capitalize on this lucrative opportunity and reap the rewards.

Around 39% of Americans consumed bakery products at least 6 times per week in 2020.

A significant portion of the population is consuming these products on a regular basis, indicating that the baking industry is thriving. This statistic is an important indicator of the health of the baking industry and provides valuable insight into the current state of the market.

In the UK, the bakery sector is worth an estimated £11 billion.

It highlights the immense economic impact of the sector, demonstrating its importance to the country’s economy. It also serves as a reminder of the sheer number of people employed in the industry, and the amount of money that is generated from it. This statistic is a powerful indicator of the baking industry’s significance and influence.

The baking industry in Canada has an estimated annual revenue of $6.9 billion.

This speaks to the immense economic impact of the industry, and the potential for growth and success within it. It also serves as a reminder of the importance of the baking industry to the Canadian economy, and the need to support and nurture it.

The global industrial bakery processing equipment market is expected to reach $26.55 billion by 2027, growing at a CAGR of 5.2%.

This could be a major boon for businesses in the baking industry, as the increased demand for industrial bakery processing equipment could lead to more efficient production and higher profits. Furthermore, the growth of the market could also lead to more job opportunities in the baking industry, as more businesses will be looking to hire skilled workers to operate the new equipment.

In 2017, over 30% of the UK bakery market revenue came from sandwich sales.

Sandwiches are a major source of revenue for the industry, and bakers should be aware of the potential for growth in this area. Furthermore, it suggests that bakers should consider focusing their efforts on creating innovative sandwich recipes and products to capitalize on this lucrative market.

Baked good consumption in Australia is expected to grow at a CAGR of 2.5% between 2017 and 2022.

The demand for baked goods is likely to increase over the next five years, providing an opportunity for businesses in the baking industry to capitalize on this trend. This statistic is essential for anyone looking to gain insight into the baking industry in Australia and make informed decisions about their investments.

In 2023, the number of people working in the bakery industry in Germany is expected to reach 243,335.

The industry is expanding and more and more people are finding employment in the sector. This is an important piece of information for anyone interested in the baking industry in Germany, as it provides insight into the current and future state of the industry.

Conclusion

The baking industry is a thriving sector of the economy, and its growth is expected to continue. With the increasing demand for baked goods, the industry is likely to remain an important part of the food industry.

The industry is also becoming increasingly competitive, with new technologies and innovations driving the industry forward. As the industry continues to grow, it is important to stay up-to-date on the latest baking industry statistics to ensure that businesses are able to stay ahead of the competition.

References

1 – https://www.expertmarketresearch.com/reports/bakery-products-market#:~:text=The%20global%20bakery%20products%20market,6.7%25%20between%202023%20and%202028.

2 – https://pos.toasttab.com/blog/on-the-line/bakery-industry-trends-and-statistics

3 – https://www.ibisworld.com/united-kingdom/market-size/bread-bakery-goods-production/#:~:text=The%20market%20size%2C%20measured%20by,to%20increase%200.4%25%20in%202023.

4 – https://www.foodresearchlab.com/blog/bakery-confectionery/overview-of-bakery-sector-in-uk/

5 – https://smallbusiness.chron.com/analysis-confectionery-industry-70206.html

6 – https://www.ibisworld.com/industry-statistics/market-size/bakery-cafes-united-states/

7 – https://www.6wresearch.com/industry-report/south-africa-bakery-product-market-2020-2026

8 – https://www.globaldata.com/store/report/south-africa-bakery-and-cereals-market-analysis/

9 – https://www.researchandmarkets.com/reports/5012272/asia-pacific-bakery-products-market-growth

10 – https://straitsresearch.com/report/asia-pacific-bakery-ingredients-market

11 – https://bakingindustry.org/baking-industry/bakery-manufacturing-industry-statistics/

12 – https://bakingindustry.org/baking-industry/bakery-manufacturing-industry-statistics/

13 – Number of credit unions worldwide | Statista

14 – Value of assets of U.S. credit unions 2022 | Statista

15 – https://www.zippia.com/dump-truck-driver-jobs/demographics/

16 – https://www.zippia.com/dump-truck-driver-jobs/demographics/

17 – https://www.statista.com/statistics/468823/fishing-rods-manufacturers-sales-value-united-kingdom-uk/

18 – https://www.statista.com/statistics/1263078/fishing-rods-sales-volume-russia/

19 – https://www.statista.com/statistics/428918/uk-homeowner-difficulties-finding-good-tradesman/

20 – Handyman Service Franchises in the US – Market Size | IBISWorld

21 – https://www.bakeryandsnacks.com

22 – https://www.progressivegrocer.com

23 – https://www.globenewswire.com

24 – https://www.ibisworld.com

25 – https://www.meticulousresearch.com

26 – https://www.grandviewresearch.com

27 – https://www.bakemag.com

28 – https://www.statista.com

29 – https://www.fortunebusinessinsights.com

30 – https://www.bakingbusiness.com

31 – https://www.marketsandmarkets.com

32 – https://www.americanbakers.org

33 – https://store.mintel.com

FAQs

What ingredients are used in baking?

Common baking ingredients include flour, sugar, butter, eggs, baking powder, baking soda, and various flavorings and spices.

What type of oven is best for baking?

Convection ovens are best for baking because they provide even heat distribution and faster cooking times.

What is the difference between baking and cooking?

Baking is a dry heat cooking method that uses an oven to cook food, while cooking is a wet heat cooking method that uses a stovetop or other direct heat source.

What is the most popular type of baking?

The most popular type of baking is cake baking, followed by bread baking and cookie baking.

What are the most important baking techniques?

The most important baking techniques are measuring ingredients accurately, preheating the oven, and following the recipe instructions.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

Table of Contents