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 key benefits of bakeries is the convenience they provide. Whether you’re in need of a quick breakfast on the go or a last-minute dessert for a special occasion, bakeries are there to meet your needs. With their wide array of options, you can find something to suit every taste and dietary preference.

In addition to convenience, bakeries also offer a unique culinary experience. The smell of freshly baked goods wafting through the air is enough to make anyone’s mouth water. There is something special about indulging in a warm, flaky croissant or biting into a soft, gooey cookie that just can’t be replicated with store-bought products.

Furthermore, bakeries often use high-quality, fresh ingredients in their products. This not only ensures better flavor and texture but also supports local farmers and producers. By choosing to buy from a bakery, you are not only treating yourself but also contributing to the sustainability of your community.

Another advantage of bakeries is the personal touch they provide. Many bakeries are family-owned businesses that take pride in their craft. The bakers and staff often have a passion for what they do, which shines through in the quality of their products and the level of customer service they provide.

Moreover, bakeries offer a wide range of options for different dietary needs. Whether you are gluten-free, vegan, or have food allergies, there are usually bakery options available to accommodate your needs. This inclusivity makes it easier for everyone to enjoy delicious baked goods without feeling left out.

Overall, bakeries are a cornerstone of our culinary landscape and offer a myriad of benefits to consumers. They provide convenience, unique culinary experiences, high-quality ingredients, personalized service, and inclusive options for various dietary needs. So the next time you find yourself craving a sweet treat or in need of a loaf of bread, consider visiting your local bakery to support small businesses and enjoy the wonderful creations they have to offer.

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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