Key Market Indicators
The baked goods market is projected to reach approximately €1.31 billion by 2028, up from around €1.29 billion in 2023. This marks an average annual growth rate of 0.3%. Notably, the market experienced a 1.4% year-on-year increase previously. In this market ranking, Italy, the United Kingdom, and France secured the second, third, and fourth positions, respectively. In a related segment, Irish bread imports are anticipated to climb to about $645 million by 2028, rising from $602 million in 2023. This represents an average annual growth rate of 1.1%. Since 1997, the demand for Irish bread has grown at an average rate of 1.6% per year. On the export front, Irish bread exports are set to reach approximately $509 million by 2028, up from $455 million in 2023. This reflects an average annual growth rate of 1.7%. Irish bread supply has shown a more robust increase, growing at an average rate of 2.5% per year since 1997.
