Bakery Statistics


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Bakery Statistics 2023: Facts about Bakery outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Bakery, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Bakery Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Bakery Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 23 Bakery Statistics on this page 🙂

Bakery “Latest” Statistics

  • According to the American Bakers Association, the U.S. bakery sector is a massive industry that accounts for 2.1% of the country’s GDP.[1]
  • Although the small bakery retailing business is very fragmented, three companies; Grupo Bimbo, Flowers Foods, and Campbell Soup Co., generate 55% of the entire income from commercial baking.[2]
  • Between 2021 and 2026, the bakery goods market is projected to rise at a CAGR of 4.6%, reaching a value of almost USD 473.50 billion.[3]
  • According to Ingredion’s Sugar Reduction Resource Center’s insight, 42% of customers desire to cut down on sugar.[4]

Bakery “Other” Statistics

  • Only 15% of the income from the top 50 firms in the highly fragmented retail sector is generated.[5]
  • Based on the prices of wheat and vegetable oil, baking ingredients may change by as much as 40% in a single year.[5]
  • According to the American Bakers Association, the United States’ gross domestic product includes 21% of bread items.[2]
  • 65% of bakeries employ less than 10 people. The majority of small merchants only have one site, and 44% only have one to four staff.[2]
  • In the next ten years, the market for baked products is anticipated to rise by around 1% annually.[2]
  • A further 6,000 retail bakeries generate $3 billion in sales, with 50 of the biggest businesses accounting for 75% of this income.[1]
  • The United States bread business has witnessed a 7.2% increase in exports to over $1 billion, with 80% of the goods heading to Canada, 10% to japan, and 6% to Mexico.[1]
  • Due to the volatility of raw materials like wheat and vegetable oil, which may fluctuate by as much as 40% in a single year, earnings are not exceptionally large in the baking industry.[1]
  • The United States market for baked products is anticipated to expand at a CAGR of about 1% over the next ten years due to the slow population increase, as well as changes in disposable income, consumer tastes, and prevailing economic circumstances.[1]
  • The over 3,000 independent bakeries that make up the market’s primary composition, 65% of which have less than 10 workers and generate $30 million in yearly sales.[1]
  • The median pay is the wage estimate at the 50th percentile, meaning that 50% of employees in the baking industry earn less than the median and 50% of workers earn more than the median.[6]
  • From 2021 to 2031, the employment of bakers is expected to increase by 8%, which is faster than the average for all professions.[7]
  • China, which controls 7% of the worldwide bread market share, comes in second place behind the United States.[3]
  • According to estimates, the worldwide market for baking grew 1.50% less quickly in 2020 than it did on average between 2017 and 2018.[4]
  • According to projections, the bakery market would increase from USD 416.36 billion in 2021 to USD 590.54 billion in 2028, rising at a CAGR of 51.2% over the anticipated period of 2021–2028.[4]
  • According to IFIC’s 2021 Food & Health Survey, 72% of Americans have been limiting or eliminating sugar intake since 2020.[4]
  • According to to the U.S. Department of Labor in 2019, the employment rate for women in the baking industry in the U.S. was 46%, whereas it was 44% in China.[4]
  • The market size for bakery cafes in the U.S. is expected to be $13.6 billion in 2022.[8]
  • Male workers at Gold Medal Bakery make up 77% of the workforce, while female employees make up 23%.[9]

Also Read

How Useful is Bakery

One of the most practical aspects of bakeries is that they offer convenience. No longer do we have to spend hours in the kitchen perfecting our baking skills – we can simply stop by the local bakery and pick up a freshly baked loaf of bread or a box of pastries. This convenience is especially valuable in today’s fast-paced society where time is of the essence.

Furthermore, bakeries play a significant role in our economy. They provide jobs for bakers, pastry chefs, and other skilled workers. Additionally, bakeries often source their ingredients locally, supporting farmers and artisans in the community. This creates a ripple effect that benefits the local economy as a whole.

In addition to their economic contributions, bakeries also have a social impact. They serve as gathering spots for people to come together over a cup of coffee and a slice of cake. Whether it’s a birthday celebration or a casual meeting with friends, bakeries offer a warm and inviting environment for connection and community building.

Furthermore, bakeries help preserve culinary traditions and recipes that have been passed down through generations. Many bakeries pride themselves on using traditional baking methods and recipes, keeping the art of baking alive for future generations to enjoy.

From a health perspective, bakeries also provide customers with options for special dietary needs. With the rise in gluten-free, vegan, and other specific dietary requirements, bakeries have adapted to cater to a wider range of clientele. This allows individuals with dietary restrictions to indulge in baked goods that are safe for them to consume.

Lastly, bakeries also have a positive environmental impact. By using locally sourced ingredients and reducing food waste by baking in small batches, bakeries contribute to sustainability efforts in the food industry. Additionally, some bakeries have implemented eco-friendly practices such as composting food scraps and using recyclable packaging.

In conclusion, it is clear that bakeries are not just about satisfying our cravings for sugary delights. They are invaluable establishments that provide convenience, contribute to the economy, foster social connections, preserve culinary traditions, cater to dietary needs, and promote sustainability. Next time you stop by your local bakery, take a moment to appreciate all the ways in which it enriches your life and the community around you.

Reference

  1. bakeryandsnacks – https://www.bakeryandsnacks.com/Article/2018/10/31/Industry-insight-into-US-bakery-market
  2. chron – https://smallbusiness.chron.com/bakery-industry-analysis-64831.html
  3. expertmarketresearch – https://www.expertmarketresearch.com/reports/bakery-products-market
  4. fortunebusinessinsights – https://www.fortunebusinessinsights.com/industry-reports/bakery-products-market-101472
  5. brandongaille – https://brandongaille.com/27-bakery-industry-statistics-and-trends/
  6. bls – https://www.bls.gov/oes/current/oes513011.htm
  7. bls – https://www.bls.gov/ooh/production/bakers.htm
  8. ibisworld – https://www.ibisworld.com/industry-statistics/market-size/bakery-cafes-united-states/
  9. zippia – https://www.zippia.com/gold-medal-bakery-careers-24839/demographics/

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