Bakery Statistics 2023: Facts about Bakery outlines the context of what’s happening in the tech world.
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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]
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How Useful is Bakery
Bakery serves a multitude of purposes that go beyond mere sustenance. For starters, the act of baking is a deeply ingrained cultural tradition that has been passed down through generations. The smell of fresh bread wafting through the air, the crisp crust of a well-baked pastry, these are sensory experiences that connect us to our past and to each other. In a world that is increasingly fast-paced and digital, the simple act of baking can provide a sense of grounding and connection to something larger than ourselves.
Furthermore, bakery plays a significant role in economic development. Local bakeries create jobs and stimulate the economy in the communities they serve. Not to mention the impact of the global baking industry, which employs millions of people worldwide and contributes significantly to GDP. Bakeries also help to support local agriculture by utilizing locally sourced ingredients, creating a ripple effect that benefits farmers, suppliers, and consumers alike.
Additionally, bakery is an important aspect of social life. Whether it’s a coffee shop where people gather to catch up with friends, a birthday cake that brings families together to celebrate, or a charity bake sale that raises funds for a good cause, bakery serves as a focal point for communal bonding and celebration. It is no wonder that many of our most cherished memories are tied to the smell and taste of baked goods.
From a practical standpoint, bakery also serves a vital role in feeding people in times of need. During natural disasters or other emergencies, bakeries often step in to provide food and support to those affected. They are able to produce large quantities of bread and other baked goods quickly and efficiently, helping to ensure that no one goes hungry when resources are scarce.
Finally, bakery also has a significant impact on our physical and mental well-being. The nutritional benefits of freshly baked bread, made from whole grains and natural ingredients, are well-documented. Moreover, the act of baking itself can be a therapeutic outlet for stress and anxiety, providing a creative and rewarding activity that can improve mental health.
In conclusion, although bakery may not always be top of mind when considering the usefulness of various elements in our society, its importance and value should not be underestimated. From its cultural and economic contributions to its social and health benefits, bakery plays a crucial role in our lives in ways that go far beyond simply satisfying our hunger. So the next time you bite into a warm loaf of bread or enjoy a sweet treat from your local bakery, take a moment to appreciate all the ways in which bakery enriches our lives.
Reference
- bakeryandsnacks – https://www.bakeryandsnacks.com/Article/2018/10/31/Industry-insight-into-US-bakery-market
- chron – https://smallbusiness.chron.com/bakery-industry-analysis-64831.html
- expertmarketresearch – https://www.expertmarketresearch.com/reports/bakery-products-market
- fortunebusinessinsights – https://www.fortunebusinessinsights.com/industry-reports/bakery-products-market-101472
- brandongaille – https://brandongaille.com/27-bakery-industry-statistics-and-trends/
- bls – https://www.bls.gov/oes/current/oes513011.htm
- bls – https://www.bls.gov/ooh/production/bakers.htm
- ibisworld – https://www.ibisworld.com/industry-statistics/market-size/bakery-cafes-united-states/
- zippia – https://www.zippia.com/gold-medal-bakery-careers-24839/demographics/