Overview and Scope
Bakery contract manufacturing refers to a business approach where a bakery business enters into a production or service-related agreement with another business. Bakery contract manufacturers assist baking businesses by producing ingredients, packaging, or entire products according to the company's requirements.
Sizing and Forecast
The bakery contract manufacturing market size has grown rapidly in recent years. It will grow from $22.3 billion in 2023 to $24.93 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to consumer demand for diverse products, cost efficiency and scalability, focus on core competencies, globalization of supply chains, rising disposable income, popularity of convenience foods.
The bakery contract manufacturing market size is expected to see rapid growth in the next few years. It will grow to $36.93 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to expanding middle class, e-commerce growth, rising health and wellness concerns, regulatory compliance and quality assurance, aging population. Major trends in the forecast period include customization and innovation, clean label and health focus, technology integration, supply chain resilience, global expansion.
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Segmentation & Regional Insights
The bakery contract manufacturing market covered in this report is segmented –
1) By Product: Specialty And Nutritional Bakery Products, Traditional Bakery Products
2) By Service: Manufacturing, Packaging, Custom Formulation And R&D
3) By Application: Small And Medium Enterprises (SMEs), Large Enterprises
Europe was the largest region in the bakery contract manufacturing market in 2023. The regions covered in the bakery contract manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising consumption of bakery products is expected to boost the growth of the bakery contract manufacturing market going forward. Bakery products refer to a wide range of items that use wheat flour to produce various final bakery-related products. Since most bakeries cannot operate at full capacity to meet the increasing demand for bakery goods, they frequently turn to outside (contract manufacturing) companies to fill in the gaps on those lines; thus, rising bakery product consumption is expected to drive the bakery contract manufacturing market. For instance, according to a report published by the American Bakers Association, a US-based bakery-specific national and state trade association, in 2021, sales of baking ingredients and supplies increased by 18.7% and 16.3%, respectively, in 2020. Further, in October 2022, according to stats sourced from Euromonitor International, 2022 published on the Government of Canada's official website, retail sales of baked goods in the US reached $67.9 billion in 2021 and are expected to reach US$75.8 billion in 2026. Therefore, the rising consumption of bakery products is driving the growth of the bakery contract manufacturing market.
Key Industry Players
Major companies operating in the bakery contract manufacturing market report are De Banketgroep B.V., HACO Holding AG, PacMoore Products Inc., Blackfriars Bakery, Southern Bakeries LLC, Cibus Nexum BV, Hearthside Food Solutions LLC, Richmond Baking Company, Oakhouse Bakery, Adventure Bakery LLC, Michel’s Bakery Inc., General Mills Inc., Perfection Foods Ltd., Bimbo Bakeries USA, Dawn Foods, Flowers Foods, Grupo Bimbo, Hostess Brands, Kellogg Company, Mondelez International, Nestle SA, PepsiCo Inc., Sara Lee Frozen Bakery, The Hershey Company, Tyson Foods Inc., Unilever plc, Weston Foods Canada, Yamazaki Baking Co Ltd., Aryzta AG, Campbell Soup Company
The bakery contract manufacturing market report table of contents includes:
1. Executive Summary
2. Bakery Contract Manufacturing Market Characteristics
3. Bakery Contract Manufacturing Market Trends And Strategies
4. Bakery Contract Manufacturing Market - Macro Economic Scenario
5. Global Bakery Contract Manufacturing Market Size and Growth
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31. Global Bakery Contract Manufacturing Market Competitive Benchmarking
32. Global Bakery Contract Manufacturing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bakery Contract Manufacturing Market
34. Bakery Contract Manufacturing Market Future Outlook and Potential Analysis
35. Appendix
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