North America Bakery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers North America Bakery Products Market is segmented by Product Type (Cakes and Pastries, Biscuits, Bread, Morning Goods, and Others); Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Specialty Stores, Online Retailers, and Others Distribution Channels); and Geography (United States, Canada, Mexico and Rest of North America). The report offers the market size in value terms in USD for all the abovementioned segments.

North America Bakery Market Size

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North America Bakery Products Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.08 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

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North America Bakery Market Analysis

The North America Bakery Products Market size is estimated at USD 99.47 billion in 2023, and is expected to reach USD 110.25 billion by 2028, growing at a CAGR of 2.08% during the forecast period (2023-2028).

Changing consumer trends for bakery products that offer high nutritional value and convenience at the time of COVID-19 is accelerating the market's growth in the region. During the outbreak of coronavirus, North American consumers were conscious about their health, immunity, and energy, which raised the demand for baked foods which is gluten-free and are not only followed by celiac patients but also by the general health-conscious , low carb, low fat and high protein. As per the (IFIC) International Food Information Council's Food & Health Survey in 2021, most people are pursuing beneficial health factors from foods.

There is a steady consumption growth with regards to bread. The trend is expected to remain the same in the forecast period; however, ancient grains, organic grains, and custom blends of wheat flour are expected to record higher sales, with the growing demand for health-promoting bakery products that are minimally processed with lesser preservatives, lesser trans fats, are rich in protein, and have other essential micro-nutrients. Moreover, due to urbanization and the increase of the working population, the growth of out-of-home consumption is rising, which increases the demand for instant and nutritious bakery products. This trend has been fueling the vigorous growth of bakery products in the regions of North America.

Commercial bakeries, although fewer in numbers than retail stores, generate almost 80% of the total bakery industry profits in the region. Commercial bakeries are well-established, with key players dominating the scenario, whereas retail stores are more fragmented. Now a day's, people have a hectic lifestyle which increases the demand for ready-to-cook and ready-to-eat food commodities such as cookies, bread, cakes, tortillas, biscuits, and frozen pizza. The North American bakery products were readily available in supermarkets, hypermarkets in-store, and online delivery options were also there, which was very convenient for the consumers and maintained the market's growth during the pandemic.

North America Bakery Market Trends

Demand For Convenient and Healthy On-The-Go Snacking

The demand for convenience snack products is growing at a faster pace due to changes in consumption patterns, as well as increased awareness about concepts like portion control. Moreover, a calorie deficit dietary preference is also driving a more significant number of brands to offer small/ on-the-go consumption packs of bakery products. North American consumers are increasingly focused on taste, health, and convenience, and grab-and-go bakery snacks are often picked by consumers to quench appetites on busy days or to replace their meals on hectic days. Moreover, the United States has become a nation of grazers, with people looking for solutions that fit their on-the-go lifestyles and elevated tastes. According to the state of a snacking report published by Mondelez International in 2021, 64% of consumers prefer snacking as a regular eating behavior over traditional mealtime. Hence, the key players are introducing varieties of on-the-go baking products in the market. For instance, in September 2022, Hostess Brands launched on-the-go bouncers, which are bite-sized snack cakes with cream filling. The Hostess Bouncers are available in three flavors: glazed twinkies, chocolate ding-dongs, and cinnamon donuts.

On the other hand, bakery products claiming to contain natural and organic ingredients have witnessed increased demand in the United States. This concept has been evolving across other markets as well. Product launches with various label claims, such as no artificial additives, no preservatives, non-GMO, and reduced sugar, are becoming increasingly popular. As a result, the increased consumer demand for nutritious products and the rising clean-label claims on products have accelerated the market growth in this region. Thus, the change in eating patterns and the growing preference for on-the-go snacks among North American consumers due to the evolution of work and home life are propelling the growth of bakery products in the region.

North America Bakery Products Market - Frequency of Snacking, (in %), United States, 2022

United States Market to Dominate the Regional Market

Health consciousness and indulgence are two parallel trends dominating the United States bakery products market. The demand for bakery products that can be rapidly prepared at home or grabbed on the go has increased in the United States due to an increase in busy lives and the desire for quick and simple meals. The market is expanding due to the convenience offered in terms of time savings and the low effort required for meal preparation. Furthermore, the growing working population and improving consumer lifestyles have enhanced the consumption of ready-to-eat (RTE) food products such as healthy bread, pizza rolls, chicken puffs, and muffins throughout the country. The health orientation is catered to with the launch of products that contain wholegrain, high fiber, or other health-promoting ingredients. For instance, in January 2023, Bimbo Bakeries United States brand Sara Lee launched new white bread made with veggies. According to the company's claim, the product is baked with the equivalent of one cup of veggies per loaf and fortified with vitamins A, D, and E.

Baked goods have very high permissibility, and American consumers prefer the occasional baked treat as part of daily life. In July 2022, the American Bakers Association reported that 84% of Americans consider it acceptable to occasionally treat themselves to baked goods like cookies, cupcakes, doughnuts, or pie. American Gen Z and Millennial customers preferred baked goods, including pizza, flatbreads, wraps, and tortillas. Almost 90% have purchased a selection of these products, according to the American Bakers Association. There is an increasing need for convenience and frozen bakery products, driving market expansion.

Bakery Products Market - Number of Bakers, United States, 2018-2021

North America Bakery Industry Overview

The North American market for bakery products is fragmented, owing to the presence of prominent regional and domestic players in different countries. Emphasis is given to the companies' mergers, expansion, acquisitions, partnerships, and new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include Kellogg NA Co., Hostess Brands, LLC, Bimbo Bakeries USA, Inc., and Mondelēz International, among others. Several manufacturers are focusing on online distribution channels for their online promotion, marketing, and branding of their products, to expand their geographic reach and increase their customer base.

North America Bakery Market Leaders

  1. Mondelēz International

  2. Flowers Foods, Inc.

  3. Mckee Foods Corp

  4. Kellogg Company

  5. Grupo Bimbo SAB De CV

*Disclaimer: Major Players sorted in no particular order

North America Bakery Products Market Concentration
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North America Bakery Market News

  • In February 2023, Hostess Brands Inc Introduced the new Hostess Kazbras, a candy-bar snack cake mashup that combines different layers of cake, cream, candy crunch, and caramel.
  • In January 2023, Bimbo Bakeries United States brand Sara Lee launched new white bread made with veggies. According to the company's claim, the product is baked with the equivalent of one cup of veggies per loaf and fortified with vitamins A, D, and E.
  • In January 2023, the Campbell Soup Company revealed that the Camden headquarters of the company was about to house the snacks offices currently located in Charlotte, North Carolina, and Norwalk, Connecticut. The corporation revealed its plans to spend over USD 50 million over the following three years to upgrade its Camden facilities, which were about to be situated on its refurbished site.

North America Bakery Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Cakes and Pastries

      2. 5.1.2 Biscuits

      3. 5.1.3 Bread

      4. 5.1.4 Morning Goods

      5. 5.1.5 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Convenience Stores

      3. 5.2.3 Specialist Stores

      4. 5.2.4 Online Retailers

      5. 5.2.5 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 United States

      2. 5.3.2 Canada

      3. 5.3.3 Mexico

      4. 5.3.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies Adopted By Leading Players

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Mondelez International Inc.

      2. 6.3.2 Kellogg Company

      3. 6.3.3 Hostess Brands Inc.

      4. 6.3.4 Campbell Soup Company

      5. 6.3.5 Gruma SAB de CV

      6. 6.3.6 General Mills Inc.

      7. 6.3.7 Grupo Bimbo SAB De CV

      8. 6.3.8 Alpha Baking Co., Inc.

      9. 6.3.9 Sara Lee Frozen Bakery

      10. 6.3.10 Flowers Foods Inc.

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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North America Bakery 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. Also, the study analyzes the bakery products market in the emerging and established markets across the North American region, including the United States, Canada, Mexico, and the Rest of North America. The market sizing has been done in value terms in USD for all the abovementioned segments.

By Product Type
Cakes and Pastries
Biscuits
Bread
Morning Goods
Others
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Specialist Stores
Online Retailers
Other Distribution Channels
Geography
United States
Canada
Mexico
Rest of North America
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North America Bakery Market Research FAQs

The North America Bakery Products Market is projected to register a CAGR of 2.08% during the forecast period (2024-2029)

Mondelēz International, Flowers Foods, Inc., Mckee Foods Corp, Kellogg Company and Grupo Bimbo SAB De CV are the major companies operating in the North America Bakery Products Market.

The report covers the North America Bakery Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Bakery Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America Bakery Industry Report

Statistics for the 2024 North America Bakery Products market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Bakery Products analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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North America Bakery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)