Sweet Bakery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Sweet Bakery Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2019 | Food and Beverages | PPT format

Report Digest


Sweet bakery goods have been witnessing consistent indulgence across the globe, with consumers willing to pay for enticing flavors and varieties. Sweet goods spearhead bakery innovation as consumers are seeking beyond traditional indulgence. The latest trend pinpoints the rapid consumer transition toward healthier alternatives, which implies that consumers have started looking for sweet bakery goods with multipronged health benefits.

New launches in the sweet bakery landscape that are either rich in fibre or sugar-free are witnessing exponential growth in terms of demand and are overshadowing the unhealthy variants, as consumer sentiments vis-à-vis health & wellness alter the status quo. The preferences of sweet bakery goods across various regions differs on the basis of multiple aspects, including tradition, taste preferences, local interests, and cost.

Sweet Bakery Market- Notable Highlights

  • Britannia Industries Ltd., via Treat, its largest sandwich creams brand, has launched its exclusive mobile game ‘Treatanaut’ in 2018. Britannia developed the game in partnership with Juego Studio Pvt. Ltd. and the game offers a captivating interface with edge-of-the-seat experiences. Depending on scores of individual players, the best ones will be rewarded with monthly rewards and the top three players would receive a ‘Mega Reward’ every month from the team of Britannia Treat every month. This was a part of the company’s strategy for branding via customer engagement, wherein customers would be hooked to the brand. In the long run, this would also fuel customer retention and help in boosting the volume sales.
  • Mondelēz International completed the acquisition of Tate’s Bake Shop in 2018, a popular premium baked goods brand famed for its highly quality and authentic ingredients. This acquisition was a bolt-on transaction which portrays growth of Mondelēz, wherein the company will leverage Tate’s strengths and work together to offer high value to the customers.

Some of the most prominent competitors operating in the competitive landscape of global sweet bakery market include –

  • Britannia Industries
  • Bruegger's Enterprises
  • BAB
  • Canada Bread
  • Flowers Foods
  • Bimbo Bakeries
  • Hostess Brands
  • Mondelez International
  • Kellogg's
  • The Great Canadian Bagel
  • Frank Roberts & Sons
  • Warburtons

Market Players Focus on Consumer Engagement to Drive Sales Growth

Sweet bakery brands have started focusing on high-scale consumer engagement for driving sales and brand recognition. Manufacturers are hosting events and collaborating with non-profit organizations to raise funds for enhancing their consumer reach. Some of the brands are also conducting bakery classes, wherein consumers are introduced to experts and are taught about the methodologies adopted by the company. This, in turn, helps the brands to showcase their expertise to the consumers and build long-lasting relationships.

Some of the key brands are launching games and quizzes, wherein the consumers stay in close proximity with the brand and its new launches. Moreover, social media channels are being extensively used for aggressive branding and marketing, which in turn helps in customer retention and repeat sales.

Brands Develop Signature Themes to Stand Out of the Competition

Sweet bakery brands are developing a signature idea that they are well-known for. Moreover, the brands are also vying to incorporate themes in their products that well align with their core values, to leave a lasting impression on the consumers’ mindset.

Moreover, the sweet bakery brands also include special deals and offerings associated with their names, so that consumers stay updated about the same and make regular purchases. Manufacturers are using such strategies to enhance their traffic, which in turn will be crucial in determining the sales growth.

Experimentation Remains the Key to High Indulgence in the Sweet Bakery Landscape

Though the new-age bakery enthusiasts look for healthy alternatives, health is unable to encroach on the sweet bakery space. This can be attributed to consumers’ fondness for sweet bakery as treats and not for health benefits. Brands are on the lookout for new ways to increase the indulgence of sweet baked goods, via use of new colors, flavors, premium ingredients, and innovative packaging. These incorporations and experimentation will result in high indulgence, which in turn will help the market players in terms of healthy sales.

Sweet Bakery Market Segmentation

By Type

  • Bread
  • Rolls
  • Non-Frozen Cakes & Pastries
  • Frozen Cakes & Pastries

By Application

  • Specialist Retailers
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Online Retail

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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