According to The Insight Partners' research, the North America Bread for Foodservice and Retail Market was valued at US$ 57.7 Billion in 2024 and is expected to reach US$ 74.9 Billion by 2031, registering a CAGR of 3.8% from 2024 to 2031.
The increasing popularity of convenience & ready-to-eat products and high demand for gluten-free products are among the critical factors attributed to the North America bread for foodservice and retail market expansion.
Companies in the bread market across the world are experiencing a surge in demand due to the increasing preference for convenience and ready-to-eat products. The strikingly hectic lifestyle of consumers, along with the need for quick and simplified meal solutions, has led to a significant rise in bread consumption. Convenience-driven factors such as ease of preparation, longer shelf life, and portability make bread popular among individuals. Additionally, the availability of a wide variety of bread options, including loaves, sandwich bread, baguettes, and burger buns, caters to diverse consumer preferences and dietary requirements.
Ready-to-eat products, such as bread, save the effort and time spent on food preparation and provide the convenience of storage. According to the "2023 Food and Health Survey" conducted by the International Food Information Council in 2023, out of 1,022 American participants (aged 18-80), 61% chose convenience as a major factor impacting their food-buying decisions in 2023; the reported share was 56% in 2022. Preprocessed food allows consumers to save time and effort associated with food preparation and reduces baking time. As a result, bakeries and bread manufacturers recorded a spike in their sales, which further encouraged them to expand their product offerings to cater to changing consumer preferences. Thus, the increasing demand for convenience and ready-to-eat products significantly contributes to the growth of the global bread market. As the market evolves, manufacturers are likely to innovate further to meet the changing needs and preferences of consumers in the coming years as well.
On the contrary, Fluctuating costs of ingredients hamper the growth of North America bread for foodservice and retail market.
North America Bread For Foodservice and Retail Market Segmentation Analysis:
- By Type, the North America Bread for Foodservice and Retail Market is segmented into Sandwich Bread, Brioche Buns, Ciabatta Rolls, Baguettes, Panini and Focaccia Bread, Hamburger Buns, Hotdog Buns, and Others. The Sandwich Bread segment is projected to expand at 2.9% CAGR during 2024 - 2031.
- By Nature, the North America Bread for Foodservice and Retail Market is segmented into Gluten-Free and Conventional. The Conventional segment is projected to expand at 3.8% CAGR during 2024 - 2031.
- By Category, the North America Bread for Foodservice and Retail Market is segmented into Frozen and Ambient and Refrigerated. The Ambient and Refrigerated segment is projected to expand at 3.7% CAGR during 2024 - 2031.
- By End Use, the North America Bread for Foodservice and Retail Market is segmented into Retail, Foodservice, Cafes, Quick Service Restaurants, Fast Casual Restaurants, and Others. The Retail segment is projected to expand at 3.7% CAGR during 2024 - 2031.
By country, the North America Bread for Foodservice and Retail Market is categorized into the United States, Canada, and Mexico. The United States is projected to expand at a 3.5% CAGR during 2024 - 2031.
Key players operating in the Bread For Foodservice and Retail Market are EUROPASTRY, SA, Lantmannen Unibake, Grupo Bimbo SAB de CV, Vandemoortele NV, Conagra Brands Inc, FGF Brands Inc, Rich Products Corp, Flowers Foods Inc, La Lorraine Bakery Group, La Brea Bakery, Fiera Foods Company, Bäckerhaus Veit GmbH, Schripps European Bread, Upper Crust, and VIVESCIA, among others.
- Apr 2024, Climate & Nature is Lantmännen's program for farming of the future. The program is key for Unibake to reach its long-term climate goals and more sustainable production. Recently, Vaasan, a company within Unibake, and Unibake Finland joined the partnership.
- Aug 2023, Rich Products expanded its ready-to-bake foodservice offerings with new Parbaked Artisan Focaccias under its Cottage Bakery label. The product is designed to provide an adaptable bread option with a variety of applications, including sandwiches, appetizers, desserts, and snacks, for quick-service and fast-casual restaurant operators.
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com