The Ultimate List of Bakery Statistics, Trends And Facts 2023 & 2024

Bakeries have been a staple of communities for centuries, providing delicious baked goods to satisfy our sweet tooth cravings. In recent years, the bakery industry has seen significant growth and innovation, driven by changing consumer preferences and the rise of e-commerce.

In this article, we’ll explore bakery statistics that shed light on the current state of the industry and its future prospects.

Table 1: Bakery Industry Market Analysis

Year	Market size (billion USD)
2020	331.37
2026	436.91

Table 2: Sales by Bakery Type in 2019

Bakery Type	Sales (billion USD)
Retail bakeries	3
Commercial	31

Table 3: Bakery Industry Competitive Landscape

Region	Top Bakery Brands
USA	Bimbo Bakeries USA, Nestle SA, Mondelez
Global	Bimbo Bakeries USA, Nestle SA, Mondelez, Associated British Foods

Table 4: Bakery Industry Trends in 2022

Trend	Description
Online ordering and delivery	Bakeries offering online ordering and delivery apps for additional revenue
Labor shortage and staffing crisis	Bakeries are short-staffed, so staff retention is vital to business success
Supply chain disruptions	The cost of bakery raw materials has gone up due to supply chain disruptions
New products and nutritious alternatives	Plant-based bakeries have become popular with vegan versions of bakery products

Bakery Industry Stats Overview

Statistics	Data
Market size of the Bakery Cafes industry in 2023	$11.9bn
Expected increase in market size of the Bakery Cafes industry in 2023	2%
Average annual growth of the Bakery Cafes industry in the US between 2017 and 2023	1.3%
Projected growth of employment of bakers from 2020 to 2030	10%
Percentage of employment in the commercial side of the bakery industry generated by 50 largest companies	75%
Percentage of revenue generated by top 50 companies in the retail side of the bakery industry	15%
Bakery products consumption percentage of fresh products	70%
Bakery products consumption percentage of pre-packed long life products	25%
Percentage of US population growth each year	1%
Exports of US Bread Production Industry in 2023	$1bn
Growth of US Bread Production Industry in 2023	7.2%
Percentage of prepared desserts expenditure by people aged 65 years or older than average household	12-17%
Biggest companies in the Bakery Cafes industry in the US	198,500
Percentage increase in revenue of Bakery Cafes in the US industry expected over five years until 2021	1.7%
Number of businesses in the Bakery Cafes industry in the US	11,460
Percentage of US executives who admit their companies are guilty of greenwashing	68%
Percentage of women bakers	54.3%
Percentage of men bakers	45.7%
Most common ethnicity among bakers	White (64.2%)
Average age of bakers	40+ years old
Most common degree among bakers	High School Diploma (31%)
Percentage of bakers with Bachelor’s Degree	26%
Percentage of bakers with Associate Degree	26%
Percentage of bakers with Diploma	9%
Percentage of bakers with other degrees	8%
Baker wage gap by education (Salary)	High School Diploma or Less ($26,881), Bachelor’s Degree ($26,509)
Percentage of bakers who prefer to stay at their job for less than 1 year	36%
Most common foreign language spoken by bakers	Spanish (59.1%)
Second most popular foreign language spoken by bakers	French (12.5%)
Third most popular foreign language spoken by bakers	German (5.1%)
Number of employees in bakeries and tortilla manufacturing in Canada (November 2021)	51,165
Percentage of LGBT job openings for Bakers	6.47%
Most common profession with LGBT job openings	Scanner Operator (20.58%)
Percentage of short % of float	4N/A
Return on assets	10.65%
Return on equity	15.98
Quarterly revenue growth	5.40%
Gross profit	3.42B
Quarterly earnings growth	4.20%

1. The global bakery market was valued at $522 billion in 2020 and is expected to grow at a CAGR of 3.5% from 2021 to 2028. (Source: Grand View Research)
2. The United States bakery market was valued at $59 billion in 2020 and is projected to reach $67 billion by 2026. (Source: Mordor Intelligence)
3. The European bakery market is expected to grow at a CAGR of 3.8% from 2021 to 2026. (Source: Research and Markets)
4. The average cost of a wedding cake is $500, while the average cost of a birthday cake is $100.
5. In 2020, the global market value of bakery products was $458 billion, and it is expected to grow to $556 billion by 2026.
6. The top three bakery products consumed in the United States are bread, cookies, and cakes.
7. The most popular flavors for cakes in the United States are chocolate, vanilla, and red velvet.
8. The United States is the largest consumer of bakery products globally, with a market share of 22%.
9. The global bakery industry is highly fragmented, with the top ten players accounting for only 9% of the market share.
10. The average profit margin for bakery products is between 10% and 15%.
11. Gluten-free baked goods have seen a significant increase in demand in recent years, with the market expected to grow by 9.1% between 2020 and 2027.
12. The demand for artisanal bread has also increased, with the market expected to grow at a CAGR of 4.6% between 2020 and 2025.
13. In the United States, the bakery industry employs over 800,000 people.
14. The average lifespan of a bakery is 3-5 years.
15. The global artisanal bakery market is expected to reach $4.2 billion by 2026.
16. The most significant cost for bakery businesses is typically the cost of ingredients, which accounts for around 30% of total expenses.
17. Bakery products are popular around the world, with croissants being the most popular pastry in France, while panettone is the most popular in Italy.
18. In 2020, the United States imported $430 million worth of bakery products, with the top imports being frozen bakery products, cakes, and pastries.
19. The average price for a croissant in the United States is $2.50, while the average price for a baguette is $2.10.

Consumer Preferences

4. The most popular baked goods in the United States are bread, cakes, and cookies, with bread being the top-selling category. (Source: Statista)
5. Health-conscious consumers are driving the demand for organic and gluten-free baked goods, with the global gluten-free bakery market expected to grow at a CAGR of 7.6% from 2021 to 2028. (Source: Grand View Research)
6. The demand for plant-based baked goods is also on the rise, with the global vegan bakery market expected to grow at a CAGR of 9.5% from 2021 to 2028. (Source: Grand View Research)

Online Sales

7. The COVID-19 pandemic has accelerated the shift to online sales, with many bakeries pivoting to e-commerce platforms to reach customers. (Source: Baking Business)
8. The global online bakery market was valued at $21.8 billion in 2020 and is projected to reach $32.6 billion by 2026. (Source: Research and Markets)
9. Social media platforms like Instagram and Facebook have become key marketing tools for bakeries, with visually appealing posts driving customer engagement and sales.

Local Bakeries

10. Local and independent bakeries make up the majority of the bakery industry, with small businesses accounting for 70% of industry revenue. (Source: IBISWorld)
11. The COVID-19 pandemic has highlighted the importance of supporting local businesses, leading to increased sales for many independent bakeries. (Source: Forbes)
12. Many local bakeries are known for their specialty items, such as artisan bread, pastries, and cakes, which appeal to customers seeking unique and high-quality baked goods.

Industry Challenges

13. The bakery industry is facing a shortage of skilled labor, particularly in the areas of artisanal baking and pastry arts. (Source: Baking Business)
14. Rising ingredient costs, particularly for butter and sugar, are putting pressure on profit margins for many bakeries. (Source: Baking Business)
15. Climate change and extreme weather events are affecting the global supply of wheat and other key ingredients, leading to price volatility and supply chain disruptions. (Source: World Resources Institute)

Baking Equipment

16. The global commercial bakery equipment market was valued at $8.3 billion in 2020 and is projected to reach $11.2 billion by 2026. (Source: Research and Markets)
17. The most common types of baking equipment used in commercial bakeries are ovens, mixers, and dough dividers. (Source: Baking Business)

Trends and Innovations in the Bakery Industry

The bakery industry is constantly evolving, with new trends and innovations emerging regularly. Here are some of the latest developments in the industry:

Health and Wellness Trends

1. The demand for healthier bakery products has increased, with consumers looking for products that are lower in sugar, fat, and calories.
2. Gluten-free and vegan bakery products are also becoming increasingly popular.
3. Alternative flours, such as almond, coconut, and quinoa, are being used to make healthier baked goods.
4. Some bakeries are incorporating superfoods, such as chia seeds and matcha, into their products to provide added health benefits.

Technology Innovations

1. Bakeries are incorporating technology into their operations, with automated baking equipment becoming more prevalent.
2. Some bakeries are also implementing online ordering systems, allowing customers to place orders and pay online.
3. 3D printing technology is also being used to create unique and intricate cake designs.

Sustainability Trends

1. Sustainability is becoming increasingly important in the bakery industry, with bakeries focusing on reducing waste and using more sustainable ingredients.
2. Some bakeries are using packaging made from biodegradable materials, such as cornstarch or sugarcane.
3. Others are sourcing ingredients locally to reduce their carbon footprint and support local farmers.

Conclusion

The bakery industry is a significant player in the global food market, with a diverse range of products and a growing demand for healthier, sustainable options.