Key Market Indicators
The global baked goods market is forecast to reach €12 billion by 2026, up from €11.6 billion in 2020. This represents an average annual growth rate of 0.6%, despite a 0.1% year-on-year decline in 2020. Italy, the United Kingdom and France ranked second, third and fourth respectively in terms of market size. Italian bread imports are expected to reach $1.2 billion by 2026, up from $1.1 billion in 2021. This equates to an average annual growth rate of 1.7%, since 1999 demand has grown by 4.1% year on year. In 2021, Belgium overtook Italy, taking the top spot with $1.1 billion, while the United Kingdom, Germany and France respectively ranked second, third and fourth. Italian bread exports are projected to reach $2.9 billion by 2026, up from $2.6 billion in 2021. This represents an average annual growth rate of 1.9%. Since 1999, Italian supply has expanded by 5.8% year on year. In 2021, Canada took the top spot with $2.6 billion, while Canada, Italy and Belgium respectively came second, third and fourth.
