ÌÇÐÄvlog´«Ã½

North America Bakery Products Market Analysis

The North America Bakery Products Market size is estimated at USD 101.71 billion in 2024, and is expected to reach USD 112.54 billion by 2029, growing at a CAGR of 2.04% during the forecast period (2024-2029).

The bakery market in North America is driven by changing consumer trends for bakery products that offer high nutritional value and convenience. Growing consciousness regarding health, immunity, and energy boosts the demand for gluten-free protein baked foods. As of 2023, approximately 1% of the adult population in the United States had celiac disease, indicating increased demand for gluten-free bakery products. Ancient grains, organic grains, and custom blends of wheat flour are expected to record higher sales owing to the growing demand for health-promoting bakery products that are minimally processed with lesser preservatives, have lesser trans fats, are rich in protein, and have essential micronutrients.

Due to urbanization and the increase in the working population, the growth of out-of-home consumption is rising, increasing the demand for instant and nutritious bakery products. This trend is fueling the growth of bakery products in North America. Commercial bakeries, although fewer in numbers than retail stores, generate almost 80% of the total bakery market profits in the region. Commercial bakeries are well-established, with key players dominating the scenario, whereas retail stores are more fragmented. Also, the availability of various retail chains like supermarkets, hypermarkets, specialty stores, and online delivery boosts the market’s growth.

North America Bakery Products Industry Segmentation

Bakery products are everyday staples consisting of bread, cakes, cookies, rolls, and pastries. They are usually prepared from flour or meal derived from some form of grain and provide nutrients in the human diet.

The North American bakery products market is segmented by product type, distribution channel, and geography. By product type, the market is segmented into cakes and pastries, biscuits, bread, morning goods, and others. By distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, specialty stores, online retailers, and other distribution channels. The report also analyzes the bakery market in emerging and established markets across North America, including the United States, Canada, Mexico, and the Rest of North America. The market sizing has been done based on value terms (USD) for all the above-mentioned segments.