Key Market Indicators
The baked goods market is projected to reach approximately €27.7 billion by 2028, up from €25.5 billion in 2023. This marks a compound annual growth rate (CAGR) of 1.3%. In the previous year, the market experienced an annual growth rate of 1.8%. Italy, the United Kingdom, and France hold the second, third, and fourth positions respectively in this market ranking. In Germany, bread imports are expected to climb to about $3.05 billion by 2028, rising from $2.75 billion in 2023. This represents a CAGR of 1.6%. Since 1996, German demand for bread has grown annually by 2.2%. On the export front, German bread exports are predicted to reach nearly $4.93 billion by 2028, up from $4.52 billion in 2023, with a yearly growth rate of 1.4%. Since 1996, German bread supply has increased by 1.7% annually.
