Bakery & Confectionary Market 2021: Distribution Status By Players, Market Size Analysis, And Forecasts By Type And Application
Bakery & Confectionary Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the bakery & confectionary industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected bakery & confectionary market growth numbers 2021-2030.
The Bakery & Confectionary Global Market Report 2021 covers bakery & confectionary market drivers, bakery & confectionary market trends, bakery & confectionary market growth rate, bakery & confectionary market major players, player-adopted strategies in the market, and bakery & confectionary market size.
The global bakery & confectionary market is expected to grow from $887.82 billion in 2020 to $938.97 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The bakery and confectionery market is expected to reach $1221.28 billion in 2025 at a CAGR of 7%.
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