The Baked Goods Market in the UK has experienced fluctuating trends from 2012 to 2022. Starting at 11.24 billion Euros in 2012, the market peaked at 12.685 billion Euros in 2014 before entering a period of decline, reaching a low of 10.814 billion Euros in 2019. The market stabilized slightly from 2020 onward, with a value of 11.022 billion Euros in 2022. The Compound Annual Growth Rate (CAGR) over the last five years stands at -1.71%, indicating a slow decline in market size.
Future trends to watch for include the impact of health-conscious consumer behavior, the rising demand for gluten-free and organic baked goods, and innovations in baking technology. Market recovery could leverage these emerging trends, potentially stabilizing or even reversing the downward CAGR in the coming years. Attention should also be paid to shifts in consumer spending power and potential regulatory changes affecting the market.
How does the United Kingdom rank in Baked Goods Market Size Value?
| # | 24 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 25,486,000,000 | 2023 | +1.82% | +1.83% | View data |
| 2 | 2 Italy | 12,280,000,000 | 2023 | +1.42% | +2.01% | View data |
| 3 | 3 United Kingdom | 11,030,000,000 | 2023 | +0.073% | +0.15% | |
| 4 | 4 France | 8,629,600,000 | 2023 | +2.36% | +0.29% | View data |
| 5 | 5 Spain | 7,128,600,000 | 2023 | +0.96% | +1.22% | View data |
