Key Market Indicators
The global baked goods market is expected to reach around €9.7 billion by 2026, up from €9 billion in 2020. This represents a compound annual growth rate (CAGR) of 1.2%. Over the past five years, the market has grown at a rate of 2.7% per year on average. Italy, the United Kingdom, and France were the second, third, and fourth largest markets in 2020, respectively. French bread imports are forecast to reach $2.7 billion by 2026, compared to $2.5 billion in 2021. This reflects an average year-on-year growth rate of 1.4%. Since 1999, demand for French bread has grown by 3.3% annually. In 2021, Germany overtook France in terms of imports, with a value of $2.5 billion. The United Kingdom, Germany, and France were the second, third, and fourth largest importers of French bread respectively in 2021. French bread exports are predicted to reach $2.8 billion by 2026, up from $2.5 billion in 2021. This translates to a CAGR of 1.8%. Since 1999, French bread exports have grown by 4.7% per year on average. France was the fifth largest exporter in 2021, with Belgium overtaking them with $2.5 billion. Canada, Italy, and Belgium were the second, third, and fourth largest exporters of French bread respectively in 2021.
