The global par-baked bread market size is projected to exceed USD 5.6 Billion in 2022, with sales increasing at a 4.5% CAGR between 2022 and 2032.
| Attributes | Key Statistics |
|---|---|
| Par-baked Bread Market Estimated Size (2022E) | USD 5.6 Billion |
| Projected Market Valuation (2032F) | USD 8.8 Billion |
| Value-based CAGR (2022 to 2032) | 4.5% |
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Demand for par-baked bread is slated to surge at a 4.5% CAGR over the forecast period, in comparison to the 4.1% CAGR registered between 2017 to 2021.
The par-baked bread business is growing in popularity due to its numerous benefits. Bakers and confectioners profit from the industry, as do equipment suppliers and other businesses involved in the process, such as cold chain warehouses, logistics, and transportation.
Consumers expect par-baked bread products to meet health needs (special ingredients, free-from, clean and clear labeling, etc.), satisfy hunger, and, most importantly, taste good. On the other hand, equipment suppliers are also benefitting by creating equipment that are cost-effective, simple to operate, and maintain, in turn bringing in innovation and benefiting the par-baked bread market.
The bake-off concept is gaining steam quickly, and the retail industry has embraced it wholeheartedly. Bakeries within supermarkets, club stores, and mass goods - in-store bakeries (ISBs) - offer a diverse bread selection.
Consumer interest in retail channels such as ISB, bake-off chains, and food service outlets will continue to grow as the preference for fresh-baked foods grow. In-store bakeries are predicted to produce a significant portion of the total revenue earned by bakery product consumption in various parts of the world.
The popularity of bake-offs in retail will continue to grow, leading to the opening of an increasing number of retail businesses with ISBs. To attain optimum ease in terms of production and offer a broad product offering, artisanal bakers have been adopting the bake-off trend.
This is especially true for more complex product lines and those made in smaller quantities. Over the years, bake-off has also been used in the foodservice industry to address consumer requests and reduce food waste.
The bake-off sector will continue to see product presentation, decadent taste, and salt content innovations. In the bake-off category, superior stability during and after freezing and defrosting, as well as product innovation, are predicted to determine the sales prospects of par-baked bread.
Increasing Sales of Par-baked Rolls in the USA Will Fuel Growth
The demand for fast, convenient foods is rapidly increasing as consumers’ lifestyles change. Bread is an essential component of numerous bakery goods in the USA, which is expected to fuel the par-baked bread market over the forecast period. In recent years, many bakers have adopted online channels for retail and doorstep delivery of freshly baked goods. Such developments are expected to bode well for the market in the forthcoming years.
Consumers in Germany are Preferring Par-Baked Sourdough Bread
The majority of par-baked bread sales in Germany are attributed to the presence of a well-organized distribution network in the retail sector. Another key driver of the par-baked bread market is projected to be ready-to-eat meals. Germany continues to dominate the Europe par-baked bread market, holding more than 21% of the Europe market share.
High Consumption of Par-Baked Baguettes in France Will Spur Demand
By inventing new types of rolls, baguettes, loaves, and other baked goods with greater flavor and new types of ingredients, bakeries are expanding their product portfolios to service a bigger consumer base in the country.
The French par-baked bread market is likely to benefit from rising demand for various types of bakery products and increased awareness about living a healthy lifestyle.
Demand for Par-Baked Rolls will Continue Gaining Traction
Rolls can be made into sandwiches or eaten straight from the package, with a variety of flavors to choose from. Rolls are gaining popularity in various parts of the world due to their compact size and shape. They are inexpensive and usually do not require much processing, making them an ideal form of bread for consumption.
Sales of Par-Baked Breads through Convenience Stores Will Increase
By the end of 2032, the convenience store segment is predicted to account for a dominant share of the market share in terms of end users. The growth can be ascribed to convenience stores' increased appeal due to quicker availability at any time of day.
Furthermore, convenience stores are a viable option for buying fresh par-baked bread due to the flexibility to stop in for groceries and other requirements, which is projected to fuel sales in this segment over the assessment period.
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To gain a competitive edge in the market, manufacturers are pursuing strategies such as mergers and acquisitions and expanding manufacturing capacity. For instance, Menissez invested USD 213 million in January 2021 to expand production capacity at its Feignies facility (France).
By 2024, the business plans to construct a new 215,000-square-foot building to accommodate new manufacturing lines capable of producing 100,000 tons of bread. This will aid the organization in further strengthening its market position and generating income.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 5.6 Billion |
| Projected Market Valuation (2032) | USD 8.8 Billion |
| Value-based CAGR (2022 to 2032) | 4.5% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Billion for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; and MEA |
| Key Countries Covered | The USA, Canada, Mexico, Germany, Spain, Norway, the UK, France, Italy, China, India, Indonesia, Japan, South Korea, Vietnam, Thailand, Brazil, Argentina, Chile, Ecuador, South Africa, Egypt, Iran, and Nigeria |
| Key Segments Covered | Type, End Use, and Region |
| Key Companies Profiled |
Vandemoortele N.V.; The Soufflet Group; Delifrance; Country Style Foods; Europe Des Pains; Rich Products Corporation; Lantmannen Unibake; Prima International; Greendale Group; Menissez; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The par-baked bread market is projected to reach USD 5.6 Billion in 2022.
The par-baked bread market is growing at a CAGR of 4.5% and is expected to reach a market value of USD 8.8 Billion by 2032.
The North America par-baked bread market is expected to register a 4.2% CAGR between 2022 and 2032.
The demand for par-baked bread is expected to grow at 4.1% CAGR between 2022 and 2032.
The market for par-baked bread is expanding due to the rising demand for bakery items created with nutritious ingredients to support a healthy lifestyle. Because of its inexpensive cost and simple baking processes, it is gaining popularity among customers.
MEA par-baked bread market will grow at 3.9% CAGR between 2022 and 2032.
| Estimated Size (2024E) | USD 5,077.2 million |
|---|---|
| Projected Value (2034F) | USD 10,095.0 million |
| Value-based CAGR (2024 to 2034) | 7.1% |
| Expected Market value in 2023 | USD 4.1 Billion |
|---|---|
| Projected Market Value in 2033 | USD 7.7 Billion |
| Growth Rate (2023 to 2033) | 6.5% |
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Par-Baked Bread Market
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