Report : Asia Pacific Bread Market Forecast to 2030 - Regional Analysis - by Type (Loaves, Sandwich Bread, Baguettes, Burger Buns, and Others); Category (Organic and Conventional); and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

At 4.3% CAGR, the Asia Pacific Bread Market is Speculated to be worth US$ 99,560.89 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific bread market was valued at US$ 74,199.31 million in 2023 and is expected to reach US$ 99,560.89 million by 2030, registering a CAGR of 4.3% from 2023 to 2030. Rising availability of bread through e-commerce platforms and product innovation are among the critical factors attributed to the Asia Pacific bread market expansion.             

The growth of e-commerce has spurred innovation in packaging, shipping, and delivery methods to ensure the freshness and quality of the bread. Thus, companies have been developing specialized packaging techniques and optimizing delivery logistics to preserve the taste and texture of the bread during transit. On October 22, 2021, Dr Schär introduced the world's first recycled plastic packaging for gluten-free bread. This initiative has created trust in food packaging expertise while maintaining their products' taste, quality, and safety. Further, e-commerce platforms enable bread manufacturers and bakeries to establish direct consumer relationships. By bypassing the intermediaries and traditional retail channels, bakery manufacturers can better understand consumer preferences, receive feedback, and tailor their offerings accordingly. Thus, the major players such as Grupo Bimbo SAB de CV, Dr Schar AG, and Campbell Soup Co. operating in the market are catalyzing their business by distributing their baked goods through e-commerce platforms, which, in turn, drives the global bread market growth.

On the contrary, fluctuating prices of ingredients hurdles the growth of Asia Pacific bread market. 

By type, the Asia Pacific bread market is segmented into loaves, sandwich bread, baguettes, burger buns, and others. The loaves segment held 44.6% market share in 2023, amassing US$ 33.10 billion. It is projected to garner US$ 43.87 billion by 2030 to expand at 4.1% CAGR during 2023–2030.

Based on category, the Asia Pacific bread market is bifurcated into organic and conventional. The conventional segment held 91.0% market share in 2023, amassing US$ 67.54 billion. It is projected to garner US$ 89.70 billion by 2030 to expand at 4.1% CAGR during 2023–2030.

Based on distribution channel, the Asia Pacific bread market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment held 42.1% market share in 2023, amassing US$ 31.26 billion. It is projected to garner US$ 41.46 billion by 2030 to expand at 4.1% CAGR during 2023–2030.

Based on country, the Asia Pacific bread market has been categorized into the Australia, South Korea, India, China, Japan, and the Rest of Asia Pacific.  Our regional analysis states that the Rest of Asia Pacific captured 41.8% share of Asia Pacific bread market in 2023. It was assessed at US$ 31.05 billion in 2023 and is likely to hit US$ 33.91 billion by 2030, exhibiting a CAGR of 3.7% during 2023–2030.            

Key players operating in the Asia Pacific bread market are Campbell Soup Co., Groupo Bimbo SAB de CV, Dr Schar AG, Bakers Delight Holdings, and Britannia Industries Limited, among others.

 

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