$4.7bn
$XXX.Xm
38,086
4,826
$X.Xbn
The Bakery Product Manufacturing industry is in a period of change. While per capita bread consumption is falling, Australians are spending more on high-quality fresh bread and baked goods. Traditionally, the typical family used to purchase a few loaves of factory-produced white bread once a week. Today, a growing number of consumers are favouring freshly baked unpackaged bread, including sourdough, ciabatta, brioche and baguettes. Rising health consciousness in recent years has bolstered demand for wholemeal, seeded, gluten-free, paleo and other breads perceived to be healthier than traditional white bread. The popularity of breads enriched with added nutrients has also contributed to growing demand for premium breads and bakery products.
Industry revenue has grown at a CAGR of 3.2 % over the past five years, to reach an estimated $4.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Bakers Delight | 503.5 | |
Cheesecake Shop | 188.9 | |
Retail Food | 122.5 |
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Industry revenue is measured across several distinct product and services lines, including Bread & bread rolls, Other bakery products and Hot pastries and pies. Bread & bread rolls is the largest segment of the Bakery Product Manufacturing in Australia.
Bread and bread rolls are taking on an artisanal twist
Industry companies primarily bake and sell bread and other bakery products, including cakes, pastries, muffins and biscuits from the same premises. The industry does not include bread and other baked products pre-baked in factories. The industry also excludes establishments operating cafe-style operations where food is served for on-premises consumption.
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ANZSIC 1174 - Bakery Product Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Intensifying external competitive pressures have shaped the industry’s operating environment in recent years. In particular, major supermarket chains’ ongoing push into the f...
Learn about an industry's products and services, markets and trends in international trade.
Rising consumer health consciousness influences production and consumption patterns for bread and other baked products. Consumer preferences for healthier breads have encoura...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
New South Wales is home to the highest number of bakeries, followed by Victoria and Queensland. This distribution reflects the perishable nature of bread and a bakery's need ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition has intensified over the past decade on both the internal and external fronts. Bakeries compete on price, quality, convenience and branding.
Learn about the performance of the top companies in the industry.
The industry is characterised by its highly fragmented nature and the large number of small-scale independent bakeries that dominate its operating backdrop. This scenario is ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Heightened public awareness about health and nutrition has seen the traditional white bread loaf fall out of favour as consumers seek to reduce their calorie intake. In respo...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cost structures vary significantly among bakeries. Factors influencing an individual bakery’s cost structure include its size and scale of production, ownership structure and...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Bakery Product Manufacturing industry in Australia is $4.7bn in 2024.
There are 4,826 businesses in the Bakery Product Manufacturing industry in Australia, which has declined at a CAGR of 0.0 % between 2019 and 2024.
The market size of the Bakery Product Manufacturing industry in Australia has been growing at a CAGR of 3.2 % between 2019 and 2024.
Over the next five years, the Bakery Product Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Bakery Product Manufacturing market in Australia are Bakers Delight, Cheesecake Shop and Retail Food
Bread and bread rolls and Hot pastries and pies are part of the Bakery Product Manufacturing industry.
The company holding the most market share in Australia is Bakers Delight.
The level of competition is high and increasing in the Bakery Product Manufacturing industry in Australia.