The global bakery market is expected to grow by USD 165.49 billion according to the Technavio. This marks a significant market slow down due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 6%.
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The bakery market is driven by the rising prominence of in-store bakeries in supermarkets. In addition, the increased snacking and indulgence consumption is also anticipated to boost the growth of the bakery market.
Major Five Bakery Companies:
- Associated British Foods Plc
- Britannia Industries Ltd.
- Campbell Soup Co.
- Flowers Foods Inc.
- Grupo Bimbo SAB de CV
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Bakery Market Product Outlook (Revenue, USD bn, 2020-2025)
- Bread and rolls - size and forecast 2020-2025
- Cakes and pastries - size and forecast 2020-2025
- Cookies - size and forecast 2020-2025
- Others - size and forecast 2020-2025
Bakery Market Geography Outlook (Revenue, USD bn, 2020-2025)
- APAC - size and forecast 2020-2025
- Europe - size and forecast 2020-2025
- North America - size and forecast 2020-2025
- South America - size and forecast 2020-2025
- MEA - size and forecast 2020-2025
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Report: https://www.technavio.com/talk-to-us?report=IRTNTR40598
SOURCE Technavio
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