According to the report by Expert Market Research (EMR), the Australia Bakery Products Market Size reached a value of USD 8.1 billion in 2023. Aided by increasing demand for convenient and healthy food options, along with the growth in artisanal and specialty bakery products, the market is projected to further grow at a CAGR of 2.7% between 2024 and 2032 to reach a value of USD 10.3 billion by 2032.
Bakery products encompass a wide range of items, including bread, cakes, pastries, cookies, and biscuits. These products are a staple in the Australian diet and are consumed daily across households, restaurants, and cafes. The market’s growth is driven by factors such as the rising demand for on-the-go snacks, the increasing preference for healthy and organic ingredients, and the growing popularity of artisanal bakery products.
The convenience offered by bakery products is a significant driver of Australia bakery products market growth. As consumers lead increasingly busy lifestyles, the demand for ready-to-eat and easy-to-carry food options has surged. Bakery products, with their long shelf life and easy portability, fit this demand perfectly, making them a popular choice among consumers.
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Health consciousness is another critical factor propelling the market. With a growing awareness of the health benefits associated with consuming nutritious foods, there has been a significant shift towards healthier bakery options. Products made with whole grains, natural sweeteners, and free from artificial additives are gaining popularity. Additionally, the demand for gluten-free, vegan, and low-sugar bakery products has seen a substantial rise, driven by consumers with specific dietary preferences and health conditions.
The rise of artisanal and specialty bakery products is also contributing to market growth. Consumers are increasingly seeking unique and high-quality bakery items that offer distinct flavours and textures. This trend has led to the proliferation of artisanal bakeries and specialty stores that focus on hand-crafted, gourmet bakery products. The emphasis on using high-quality ingredients, traditional baking methods, and innovative flavours is resonating well with consumers, consequently driving up the Australia bakery products market share.
The market is categorised into various product types, including bread, cakes and pastries, cookies and biscuits, and others. Among these, bread holds the largest share of the market, driven by its staple status in the Australian diet. The demand for whole grain and multigrain bread is particularly strong, owing to the growing preference for healthy and nutritious options. Cakes and pastries also contribute significantly to the market, with a rising trend towards premium and customised cakes for special occasions. The cookies and biscuits segment is experiencing robust growth, driven by the demand for convenient and on-the-go snacks, leading to Australia bakery products market development.
Bakery products are distributed through various channels, including supermarkets and hypermarkets, specialty stores, convenience stores, and online. Supermarkets and hypermarkets account for the largest share of the market, owing to their widespread presence and the convenience they offer to consumers. Specialty stores, including artisanal bakeries and gourmet shops, are gaining popularity, driven by the demand for high-quality and unique bakery products. The online segment is growing rapidly, driven by the increasing preference for online shopping and the convenience it offers. The availability of a wide range of products and the ease of comparison and purchase are significant factors driving the growth of the online segment.
As per the Australia bakery products market analysis, New South Wales holds the largest share of the market, driven by its large population and the high demand for bakery products in both urban and suburban areas. Victoria also contributes significantly to the market, driven by similar factors, including a growing population and the rising trend of artisanal and specialty bakery products. Queensland and Western Australia are experiencing robust growth, driven by the increasing demand for convenient and healthy food options.
Australia Bakery Products Market Segmentation
The market can be divided based on the product type, distribution channel, and region
Market Breakup by Product Type
- Biscuits
- Bread and Rolls
- Cakes and Pastries
- Rusks
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Channels
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
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Competitive Landscape of Australia Bakery Products Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in Australia bakery products market. Some of the major players explored in the report by Expert Market Research are as follows:
- Goodman Fielder Pty Ltd.
- Future Bake Australia Pty Ltd.
- ITAL Food Group
- Australian Food Industries Pty Ltd.
- Urbun Bakery
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