Bread Market Trends, Analysis, Key Players, Outlook, Report, Forecast 2022-2027

The Bread Market size was valued at USD 223.55 Billion in 2023 and the total Bread revenue is expected to grow at a CAGR of 3.6% from 2024 to 2030, reaching nearly USD 286.35 Billion.

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Market Overview

The global bread market is experiencing steady growth, driven by factors such as population increase, urbanization, and changing dietary habits. In 2023, the market was valued at approximately USD 223.55 billion and is projected to reach nearly USD 286.35 billion by 2030, with a compound annual growth rate (CAGR) of 3.6% from 2024 to 2030.

Key trends shaping the future of the market include:

Health-Conscious Consumer Preferences: There's an increasing demand for healthier bread options, such as whole grain, gluten-free, and low-carb varieties.

Technological Innovations: Advancements in production techniques, including frozen dough and par-baked bread, are enhancing product offerings.

In India, the bread market is projected to grow to around USD 1.4 billion by FY 2026, exhibiting a CAGR of more than 10% from FY 2021 to FY 2026. This growth is attributed to rising health awareness, increasing disposable incomes, and changing eating habits. The consumption of brown bread is expected to rise due to its perceived health benefits.