From 2008 to 2014, the U.S. commercial bakery market showed steady growth. It expanded from 26.2 billion USD in 2008 to 30.9 billion USD in 2014, rising with a CAGR of +2.8%.
Demand for commercial bakery will continue its upward trend in the coming years. Growth of commercial bakery consumption in the U.S. is expected to accelerate to +3.0% (currently +2.8%) in the medium term. The main growth driver for the outlook is continued strong employment growth, which creates new income growth and a solid base of consumer spending.
Although commercial bakery products have long been staple food in the U.S., recent healthy lifestyle trends pushed consumers to cut down on bread in their daily diet. In the nearest future, rising health awareness as a driver of consumer preferences is likely to keep exercising influence on the industry.
Driven by a stable demand, U.S. commercial bakery manufacturing illustrated positive dynamics over the last few years. In 2014, the value of shipments in the industry reached 29.2 billion USD, rising with a CAGR of +2.7% from 2008 to 2014.
The U.S. trade deficit in this sector has worsened over the period under review, growing from 1,319 million USD in 2008 to 1,629 million USD in 2014. The negative trend accelerated sharply after 2008, with the trade deficit increasing by 3.6% annually.
Import expansion is anticipated to increase at a slower pace in the next decade, compared with the previous ten years, but, nevertheless, will outpace production growth.
Canada was the main supplier of commercial bakery into the U.S., with a 46% share of total U.S. imports in 2014. Mexico took the second spot. The fastest growing suppliers were India (+15.3%), the Republic of Korea (+14.1%) and Mexico (+10.2%) from 2007 to 2014. Mexico strengthened its position in the U.S. import structure, from 15% in 2007 to 18% in 2014. By contrast, Canada saw its share reduced from 47% in 2007 to 46% in 2014.
In 2014, the main destination of U.S. commercial bakery exports was Canada (59%), distantly followed by Mexico (9%). The share exported to Canada decreased (-5 percentage points), while the share sent to Australia illustrated positive dynamics (+1 percentage points). The shares of the other countries remained relatively stable throughout the analyzed period.
Overall, due to low trade intensity, imports and exports should not be regarded as strong factors influencing U.S. market dynamics in the medium term.
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“U.S. Commercial Bakery Market. Analysis And Forecast to 2020” provides an in-depth analysis of the U.S. commercial bakery market. It presents the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
Countries coverage: the U.S.
- Market size;
- Domestic production, value of shipments;
- Key market players and their profiles;
- Exports, imports and trade balance;
- Import and export prices;
- Forecast of the market dynamics in the medium term;
- Key industry statistics;
- Life cycle of the industry;
- Number of establishments and their locations;
- Employment data;
- Industry productivity.
Product coverage: Bread (white, wheat, rye, etc.), including frozen; Rolls, bread-type (including muffins, bagels, and croissants), including frozen; Soft cakes, excluding frozen; Pies (fruit, cream, and custard), excluding frozen; Other sweet goods, excluding frozen; Commercial bakeries, nsk, total
Companies mentioned: McKee Foods Corporation, Bimbo Bakeries Usa, Flowers Foods, Lewis Brothers Bakeries, Perfection Bakeries, East Balt Us, Maplehurst Bakeries, H & S Bakery, Alfred Nickles Bakery, Bimbo Foods Bakeries, Old Hb, United States Bakery, Bbu, Hostess Brands, Wholesome Harvest Baking, Arnold Foods Company, Roskam Baking Company, Northeast Foods, Schmidt Baking Company Incorporated, Weston Foods Us, Flowers Bakeries, Earthgrains Baking Companies, Mrs Baird’s Bakeries Business Trust, Baird’s, Mrs Bakeries Business Trust, Holsum of Fort Wayne
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TABLE OF CONTENTS
1.1 REPORT DESCRIPTION
1.2 REPORT STRUCTURE
1.3 RESEARCH METHODOLOGY
2. EXECUTIVE SUMMARY
2.1 KEY FINDINGS
2.2 MARKET TRENDS
3. MARKET OVERVIEW
3.1 MARKET VALUE
3.2 TRADE BALANCE
3.3 MARKET OPPORTUNITIES
3.4 MARKET FORECAST TO 2020
4. DOMESTIC PRODUCTION
4.1 PRODUCTION IN 2008-2015
4.2 PRODUCTION BY TYPE
4.3 PRODUCTION BY STATE
4.4 PRODUCER PRICES
5.1 IMPORTS IN 2007-2015
5.2 IMPORTS BY TYPE
5.3 IMPORTS BY COUNTRY
5.4 IMPORT PRICES BY COUNTRY
6.1 EXPORTS IN 2007-2015
6.2 EXPORTS BY TYPE
6.3 EXPORTS BY COUNTRY
6.4 EXPORT PRICES BY COUNTRY
7. COMPETITIVE LANDSCAPE
7.1 INDUSTRY SNAPSHOTS
7.2 INDUSTRY LIFE CYCLE
7.3 BUSINESS LOCATIONS
7.5 ANNUAL PAYROLL
7.6 INDUSTRY PRODUCTIVITY
7.7 ESTABLISHMENT SIZE AND LEGAL FORM
8. COMPANY PROFILES