Base Year
Historical Year
Forecast Year
Value in AUD billion
2024-2032
Australia Bakery Products Market Outlook
*this image is indicative*
The Australia bakery products market growth is driven by supermarkets and hypermarkets.
Supermarkets and hypermarkets in Australia bakery products market provide a wide range of bakery products of various brands at competitive prices to cater to the specific needs of consumers. They also provide convenience and affordability to consumers as they provide one-stop-shopping destinations for bakery products alongside groceries while keeping consumers' preferences and budget considerations, contributing significantly to the growth of the market.
Convenience stores also offer some varieties of bakery products as they provide on-the-go snacking options to consumers, particularly for impulse purchases when other stores are not easily accessible.
To cater to consumers' preferences and needs manufacturers and bakers innovate with new product offerings with novel flavours, formats and ingredients and provide gluten-free and dairy-free options to consumers. Woolworths, a supermarket giant in Australia, has expanded its bakery products range with almost 150 new cakes, cookies, muffins, and desserts in its stores, adding to the Australia bakery products market revenue.
According to the Australian Bureau of Statistics (ABS), the apparent consumption of bread was 69.8 grams per capita per day in 2020-21 contributing to 28% of the total consumption of grains and cereals food groups which indicates the potential of the Australia bakery products market.
Australia Bakery Products Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Distribution Channel
Market Breakup by Region
Bread and Rolls are consumed the most among bakery products. They are staple items in many households, used for a variety of meals including breakfast, lunch, and dinner. Their versatility, nutritional value, and widespread availability contribute to their high consumption rates.
The growth of the bakery products market is fuelled by increasing innovation in new product offerings, on-the-go snacking and convenience.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The Australia bakery products market was valued at AUD 11.99 billion in 2023.
The market is projected to grow at a CAGR of 2.70% between 2024 and 2032.
The revenue generated from the market is expected to reach AUD 15.24 billion in 2032.
Based on the product type, the bakery products market is bifurcated into biscuits, bread and rolls, cakes and pastries, and rusks.
Key players in the industry are Goodman Fielder Pty Ltd., Future Bake Australia Pty Ltd., ITAL Food Group, Australian Food Industries Pty Ltd., and Urbun Bakery among others.
The different distribution channels in the bakery products market include supermarkets and hypermarkets, convenience stores, online channels, and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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