Middle East & Africa Bakery Product Market Size & Outlook
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MEA bakery product market highlights
- The MEA bakery product market generated a revenue of USD 25,543.7 million in 2019.
- The market is expected to grow at a CAGR of 3% from 2020 to 2025.
- In terms of segment, cakes & pastries was the largest revenue generating product in 2019.
- Cakes & Pastries is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2019 | USD 25,543.7 million |
| Market revenue in 2025 | USD 30,440.8 million |
| Growth rate | 3% (CAGR from 2019 to 2025) |
| Largest segment | Cakes & pastries |
| Fastest growing segment | Cakes & Pastries |
| Historical data covered | 2018 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2025 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bread & Rolls, Cakes & Pastries, Cookies, Tortillas, Pretzels |
| Key market players worldwide | The Kraft Heinz Co, Nestle SA, Grupo Bimbo SAB de CV ADR, Britannia Industries, General Mills Inc, Associated British Foods PLC, Campbell Soup Co |
Other key industry trends
- In terms of revenue, MEA region accounted for 12.3% of the global bakery product market in 2019.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2025.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 55,564.3 million by 2025.
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Bakery Product Market Scope
Bakery Product Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Britannia Industries | View profile | 1001-5000 | Kolkata, West Bengal, India, Asia | http://britannia.co.in/ |
| Grupo Bimbo SAB de CV ADR | View profile | 148868 | Prolongacion Paseo, De la Reforma No 1000, Col. Pena Blanca Santa Fe, Mexico, MEX, Mexico, 01210 | http://www.grupobimbo.com |
| The Kraft Heinz Co | View profile | 36000 | One PPG Place, Pittsburgh, PA, United States, 15222 | https://www.kraftheinzcompany.com |
| General Mills Inc | View profile | 34000 | Number One General Mills Boulevard, Minneapolis, MN, United States, 55426 | https://www.generalmills.com |
| Campbell Soup Co | View profile | 14500 | 1 Campbell Place, Camden, NJ, United States, 08103-1799 | https://www.campbellsoupcompany.com |
| Associated British Foods PLC | View profile | 133000 | 10 Grosvenor Street, Weston Centre, London, United Kingdom, W1K 4QY | https://www.abf.co.uk |
| Nestle SA | View profile | 270000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | https://www.nestle.com |
Middle East & Africa bakery product market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bakery product market will help companies and investors design strategic landscapes.
Cakes & pastries was the largest segment with a revenue share of 28.46% in 2019. Horizon Databook has segmented the Middle East & Africa bakery product market based on bread & rolls, cakes & pastries, cookies, tortillas, pretzels covering the revenue growth of each sub-segment from 2018 to 2025.
Use of bakery products in Africa is dominated by bread & roll segment accounting to increasing consumption of bread in South Africa. South Africa is the highest economy in African continent and owing to rising economy and increasing population, the consumption of bread is increasing. Deregulation of bread industry in South Africa, many bakeries sprang up to meet the demand for baked products.
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Target buyers of Middle East & Africa bakery product market databook
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Our clientele includes a mix of bakery product market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa bakery product market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa bakery product market from 2018 to 2025, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Bakery Product Market Share, 2019 & 2025 (US$M)
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