Key Market Indicators
The baked goods market is projected to hit approximately €1.02 billion by 2028, up from around €1.01 billion in 2023, reflecting an average annual growth rate of 0.1%. This follows a year-on-year increase of 1.2%. Italy, the United Kingdom, and France rank second, third, and fourth, respectively, in this market. In the realm of Finnish bread exports, the market is expected to grow to approximately $86.3 million by 2028, up from $80.2 million in 2023. This represents an annual compound growth rate of 1.2%. Since 1993, Finland’s bread supply has seen a yearly increase of 1.7%. On the import side, Finnish bread imports are set to rise to roughly $340.1 million by 2028, from $310.4 million in 2023, growing at an average annual rate of 1.4%. Finnish demand for imported bread has surged by 1.9% annually since 1993.