Europe Baked Food and Cereals Market

Europe Baked Food and Cereals Market Size (2024 to 2029)

As per our analysis report, the Europe Baked Food and Cereals Market is expected to reach USD 23.81 billion by 2029 from USD 17.48 billion in 2024, growing at a compound annual growth rate (CAGR) of 6.38% during the forecast period.

MARKET DRIVERS AND RESTRAINTS

Baked foods and cereals are staple food that forms an important part of the daily diet, and have satisfied a more functional demand.

New low-carb, fiber-rich, multi-grain, and fortified baked goods and grains that appeal to health-conscious consumers have fueled the market growth. In addition to functional health benefits, the incorporation of natural ingredients such as natural preservatives, antioxidants, and enzymes in baked goods and grains is increasing. Companies have focused on launching organic and natural products to compete in the market with many small players and innovative products. About 56% of global consumers look for products "free of preservatives and artificial additives". Companies aim to replace fats and fats with omega-9s, and omega-3s, which improve the fatty acid profile and support performance. Lowering cholesterol, weight control, high protein content, and sugar control are the main consumer trends.

This research report on the Europe Baked Food and Cereals market has been segmented and sub-segmented into the following categories.

Europe Baked Food and Cereals Market By Type

• Cakes and Pastries               
• Morning Goods     
• Biscuits and Cookies            
• Breakfast Cereals 
• Bread     

Europe Baked Food and Cereals Market By Distribution Channel

• Online Retail           
• Convenience Stores            
• Specialist Stores    
• Supermarket/Hypermarket  

Europe Baked Food and Cereals Market By Country

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

The increasing aging of the population in search of healthier baked goods has supported the growth of the market.

The Europe Baked Food and Cereals market has been classified by geography into the United Kingdom, Germany, France, Italy, Spain and the rest of Europe. The growing consumer preference for value-added, ethnic, fresh and artisanal food and grains is the main driver of sales. Baked foods and cereals with additional components like olives, nuts, seeds, and exotic ingredients are increasing among health-conscious consumers. Increased competition from artisanal food services offering varieties of freshly baked foods and cereals has affected the sale of baked goods and packaged cereals. Artisan bakery products are more popular in Italy and France than in other European countries.

Baked goods and cereals have the dominant market share with a 20% volume share, followed by buns and sandwich slices. Bread have seen an overall slow growth rate in Europe due to its high-calorie content.

However, breads are the largest category that has seen a decline in the past five years and continues to decline in the UK and Italy. Frozen food and grains continue to benefit from strong demand in Germany, France, and Poland.

KEY MARKET PLAYERS

Key players in the Europe Baked Food and Cereals Market include Nestle SA, Grupo Bimbo, The Garden Company Limited, Campbells Soup Company, Kellogg’s and others.

RECENT HAPPENINGS IN THE MARKET

• Grupo Bimbo had the largest share of the Europe Baked Food and Cereals Market in terms of sales and revenue in 2019.
• In October 2017, Schar, the fastest-growing gluten-free bakery brand, launched the Schar Deli-style seed bread, made from five grains and seeds, including rice, buckwheat, flaxseed, and sunflower, and chia.
• May 2017 - Grupo Bimbo S.A.B. de C.V. acquired a significant $ 50 million stake in Harvest Gold as part of a strategy to intervene in the Indian market. Grupo Bimbo S.A.B. de C.V. acquired East Balt Bakeries for $ 650 million to expand into the restaurant market.