Key Market Indicators
The baked goods market is projected to hit €1.37 billion by 2028, climbing from €1.11 billion in 2023. This marks an average annual growth rate of 3.3%. Notably, the market experienced a 3.5% year-on-year jump recently. Italy, the United Kingdom, and France are leading the way, occupying the second, third, and fourth spots, respectively, in market rankings. Meanwhile, Greek bread imports are forecasted to reach $187 million by 2028, up from $175 million in 2023, reflecting an average annual growth rate of 1.1%. Since 1993, Greek demand for bread has increased by 1.6% annually. On the export front, Greek bread exports are expected to climb to $171 million by 2028, rising from $149 million in 2023. This represents a compound annual growth rate (CAGR) of 2.2%. Over the past three decades, Greek bread supply has grown by 3.2% annually.
