This is only an excerpt of the full article that appeared in P&F Magazine. The full content is not currently available online.
All market information provided herein is sourced from Foodtrending.com, a global food ingredients market intelligence tool. —Editor
The global market for bakery products, through retail and foodservice channels, has grown to be worth $494 billion, having grown by $109 billion over the past five years (T-1). Of this total, sales of bakery products through all retail channels amounts to $383 billion, while the foodservice market is worth $144 billion alone.
Bread and morning goods is by far the largest market, worth $185 billion globally, followed by fresh and frozen cakes and pastries valued at $158 billion (T-2). The category of flour, pasta, rice and noodles, which includes added-value rice and noodle products and fresh pasta, is now worth $82 billion globally and expanding rapidly. Finally, global consumer expenditure on all types of cookies has reached $71 billion.