The number of bakery product enterprises in Italy is forecasted to decline from 24.95 thousand in 2024 to 23.79 thousand by 2028. This indicates a consistent reduction, marking a year-on-year decrease of 1.20% over this period. The compound annual growth rate (CAGR) is approximately -1.21% for the five-year forecast period. In 2023, this figure stood at 25.26 thousand enterprises, suggesting a gradual downturn in the market.
Future trends to watch for include:
- Shifts in consumer preferences towards healthier or gluten-free options, impacting traditional bakery demands.
- Market consolidation due to increased competition and operational costs, possibly reducing the number of smaller players.
- Technological advancements in baking and distribution could alter market dynamics.
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