Key Market Indicators
The baked goods market is projected to reach approximately €254 million by 2028, up from around €226 million in 2023, reflecting an average annual growth rate of 1.8%. This marks a steady increase from the previous year's growth rate of 0.6%. Italy, the United Kingdom, and France rank as the second, third, and fourth largest markets respectively in this sector. Meanwhile, Estonia's bread import market is forecasted to climb to nearly $93 million by 2028, up from about $81 million in 2023, with an average yearly growth rate of 2.2%. Since 2000, the demand for imported bread in Estonia has surged by an average of 3.2% per year. On the export front, Estonia's bread exports are expected to reach roughly $113 million by 2028, increasing from around $96 million in 2023. This represents an average annual growth rate of 2.7%. Since 2000, Estonia's bread supply for export has grown at an average rate of 3.7% per year.
