The Australia bakery products market size was valued at USD 8.10 Billion in 2024. The market is further projected to grow at a CAGR of 2.70% between 2025 and 2034, reaching a value of USD 10.57 Billion by 2034.

Bread and Cake Retailers have faced a challenging trading environment in recent years. Fierce competition among industry retailers and from external sources like supermarkets has curbed industry revenue. Mounting competition has led to store closures for Retail Food Group (RFG), the industry's largest player. Unlike many related retailing industries, the largest bread and cake retailers have not performed as strongly as their smaller counterparts. For example, RFG has closed many Donut King stores because of unsatisfactory lease agreements with shop landlords and declining shopping centre performance during the pandemic. Overall, industry revenue is anticipated to have fallen at an annualised 0.8% over the five years through 2024-25 and is expected to total $997.1 million in 2024-25, when revenue will fall by an estimated 3.5%. Consumer sentiment and disposable income movements have impacted industry performance by altering consumer spending patterns. In particular, growth in disposable incomes and rising health concerns have driven consumer demand for higher value baked goods like organic bread products, boosting profit margins. Nonetheless, bread and cake retailers have faced significant competition from supermarkets like Coles and Woolworths, which have their own bakery wings and can offer bakery products at discounted prices due to their scale benefits. Cost-conscious consumers, especially those struggling with inflationary pressures, have opted to shop at supermarkets rather than purchasing higher priced products from bread and cake retailers. The industry is set to grow modestly going forwards. Rising disposable incomes will improve the industry's performance by boosting demand for higher value products like organic and gluten-free bread and cakes. However, ongoing competition from on-premises bakeries, supermarkets, cafes and coffee shops will limit the pace of industry expansion. Overall, industry revenue is forecast to increase at an annualised 1.1% over the five years through 2029-30 to total $1.1 billion.

The Australian Bakery Ingredient market is estimated to be worth USD 8,314.6 million by 2025 and is projected to reach a value of USD 37,898.7 million by 2035, growing at a CAGR of 16.4% over the assessment period 2025 to 2035

Metrics	Values
Industry Size in 2025	USD 8,314.6 million
Value in 2035	USD 37,898.7 million
Value-based CAGR from 2025 to 2035	16.4%

In Australia Bakery Products Market, The demand for convenience foods is rising globally, as busy consumers seek easy-to-prepare and ready-to-eat food options.

Market Size statistics on the Bakery Product Manufacturing industry in Australia

The Australian Bakery Ingredients market is estimated to be worth USD 1,029.2 million by 2025 and is projected to reach a value of USD 1,693.9 millionby 2035, growing at a CAGR of 5.1% over the assessment period 2025 to 2035.

Metrics	Values
Industry Size in 2025 (USD million)	USD 1,029.2 million
Value in 2035 (USD million)	USD 1,693.9 million
Value-based CAGR from 2025 to 2035	5.1%

This statistic shows the revenue of the industry “Bakery Product Manufacturing (Non-factory based)“ in Australia from 2011 to 2017, with a forecast to 2023. It is projected that the revenue of Bakery Product Manufacturing (Non-factory based) in Australia will amount to approximately ******* million U.S. Dollars by 2023.

The Australian bread and bakery market expanded significantly to $12B in 2024, surging by 8.2% against the previous year. In general, consumption recorded a relatively flat trend pattern. Bread and bakery consumption peaked in 2024 and is likely to see gradual growth in the immediate term.

Changing consumer trends, volatile commodity prices and a saturated market characterise the Cake and Pastry Manufacturing industry. Intensifying competitive pressures have also posed serious challenges for large and small cake and pastry manufacturers, with even household names like Patties and Sara Lee changing hands in recent years in the face of challenging conditions. Supermarkets have extended their private-label offerings in their ongoing foray into the fresh food market. Consumers have moved towards artisanal and gourmet foods, elevating from retail bakeries and threatening branded industry manufacturers. Due to rising health consciousness, downstream consumers have also moved away from factory-produced, pre-packaged baked goods that supermarkets sell, instead favouring fresh, artisanal alternatives sold in rival outlets. Many manufacturers are relying on innovative new products to stimulate demand in an otherwise saturated market. These items have included more products that target consumers looking for healthy and convenient on-the-go foods and snacks, like gluten-free and vegan products. However, high input prices have been constraining performance, as has the cost-of-living crisis, which has seen price-conscious consumers tighten their belts. Historically high domestic wheat prices in the wake of the Russia-Ukraine conflict have added to industry manufacturers' challenges and eaten into profit margins. In response, manufacturers have been forced to raise their prices. Overall, revenue is expected to climb at an annualised 1.4% to $2.4 billion over the five years through 2025-26, supported by higher prices. This trend includes expected growth of 2.0% in the current year. Cake and pastry manufacturers will continue to adapt to the changing trading environment in the coming years. Manufacturers will likely develop and introduce new products – including cakes and pastries containing locally sourced ingredients – as they focus on specialised, higher-margin products. New product ranges will open new markets for manufacturers who will focus on developing relationships with customers in the food service sector. Revenue is forecast to climb at an annualised 1.7% to $2.6 billion over the five years through 2030-31.

The Asia Pacific Bakery Products Market report segments the industry into Product Type (Cakes and Pastries, Biscuits & Cookies, Bread, Morning Goods, Other Product Types), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialist Stores, Online Retail Stores, Other Distribution Channels), and Country (China, Japan, India, Australia, Rest of Asia-Pacific).

Explore the rising demand for bread and bakery products in Australia, as the market is projected to experience a steady growth over the next decade. With an expected Compound Annual Growth Rate (CAGR) of +1.5% in volume and +1.7% in value, the market is set to reach 3.7M tons and $14.4B by 2035.

The bread and bakery market in Australia and Oceania reached $17B in 2024, with an increase of 6.3% against the previous year. Overall, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 6.6% against the previous year. The level of consumption peaked in 2024 and is likely to see steady growth in the near future.

The industry is expected to expand from USD 5.1 billion in 2025 to USD 6.8 billion by 2035, reflecting a CAGR of 4.2% over the forecast period.

Metrics	Values
Industry Size (2025E)	USD 5.1 billion
Industry Value (2035F)	USD 6.8 billion
CAGR (2025 to 2035)	4.2%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	7%
UK	6.8%
France	6.6%
Germany	6.9%
Italy	6.5%
South Korea	7.2%
Japan	6.7%
China	7.7%
Australia	6.4%
New Zealand	6.3%

Competitive Outlook

Company Name	Estimated Market Share (%)
Carlo’s Bakery (Buddy Valastro)	15-20%
Magnolia Bakery	12-16%
Baked by Melissa	10-14%
Milk Bar	8-12%
Other Companies (combined)	40-50%

GlobalData’s Country Profile report on the bakery & cereals sector in Australia provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. Read More

The Report Covers Australia Gluten Free Food Industry Statistics the Market is Segmented by Product Type (Bakery Products, Pizza and Pasta, Cereals and Snack Foods, Meat and Meat Products, Beverages, and Other Product Types) and Distribution Channel (Supermarkets/Hypermarkets, Convenience/Grocery Stores, Specialty Stores, Online Retail Stores, and Other Distribution Channels).

The global frozen bakery market, valued at $8.58 billion in 2025, is projected to experience steady growth, driven by several key factors. The increasing demand for convenient and ready-to-bake products fuels this expansion, particularly among busy consumers and the food service industry. The rising popularity of on-the-go meals and snacks, along with the growing prevalence of health-conscious options within the frozen bakery sector (e.g., gluten-free, low-sugar products), further contributes to market expansion. E-commerce's proliferation offers a new avenue for distribution, enhancing accessibility and boosting sales for manufacturers. Product innovation, such as the introduction of diverse flavors, unique textures, and improved shelf life, also plays a vital role. However, challenges remain, including fluctuating raw material prices (like flour and sugar), potential health concerns associated with high sodium or fat content in some products, and stringent regulations regarding food safety and labeling. Competition among established players and new entrants is intensifying, leading to price pressures and necessitating innovative marketing strategies. Segment-wise, the pizza crust segment dominates the product type category, followed closely by bread and cake & pastry. The off-trade distribution channel (retail) commands a larger market share than the on-trade (Horeca), indicating strong consumer demand in retail settings. Regionally, North America and Europe currently hold significant market share, owing to higher per capita consumption and established frozen food industries. However, developing economies in Asia Pacific and South America present lucrative growth opportunities, fueled by increasing urbanization, rising disposable incomes, and evolving dietary habits. The projected 4.08% CAGR from 2025 to 2033 suggests a continued, albeit moderate, growth trajectory for the global frozen bakery market. This growth will be driven by continued product innovation, strategic partnerships, and expansion into emerging markets. Recent developments include: December 2023: ARYZTA AG announced the construction and commissioning of a new bakery in Perth, Western Australia, with an investment estimated at EUR 40 million., December 2023: Délifrance launched two premium, ready-to-bake viennoiseries, the Cinnamon and Brioche Buns., November 2023: Délifrance expanded its operations in India. Bahri Hospitality will serve as the master franchise owner for the India business and will set up 30 stores across three formats by 2028.. Key drivers for this market are: Demand for Convenient and Healthy On-the-go Snacking, Product Differentiation Plays a Significant Role. Potential restraints include: Demand for Convenient and Healthy On-the-go Snacking, Product Differentiation Plays a Significant Role. Notable trends are: Demand for Convenient and Healthy On-the-go Snacking.

This statistic displays the market share distribution of bread retailers in Australia in 2016, That year, Bakers Delight accounted for a market share of approximately ** percent of all bread retailers in Australia.

The Frozen Bakery Market is poised to witness a steady growth trajectory over the forecast period, with a market size of US$ 8.58 Million in 2025 and a projected CAGR of 4.08% during the period from 2025 to 2033. Factors such as the growing preference for convenience foods, increasing urbanization, and expanding retail channels are expected to drive market expansion. The rising popularity of frozen bakery products in the foodservice industry, particularly in the quick-service restaurant segment, further contributes to market growth. Regionally, North America and Europe are expected to hold significant market shares, owing to the presence of established frozen bakery manufacturers and well-developed distribution networks. However, emerging markets in Asia-Pacific and South America are projected to exhibit promising growth potential due to the increasing adoption of Western food habits and expanding consumer disposable incomes. Key market players, including Europastry SA, Aryzta AG, General Mills Inc, and Grupo Bimbo SAB de CV, are focusing on product innovation, strategic acquisitions, and geographical expansion to capitalize on market opportunities. Recent developments include: December 2023: ARYZTA AG announced the construction and commissioning of a new bakery in Perth, Western Australia, with an investment estimated at EUR 40 million., December 2023: Délifrance launched two premium, ready-to-bake viennoiseries, the Cinnamon and Brioche Buns., November 2023: Délifrance expanded its operations in India. Bahri Hospitality will serve as the master franchise owner for the India business and will set up 30 stores across three formats by 2028.. Key drivers for this market are: Demand for Convenient and Healthy On-the-go Snacking, Product Differentiation Plays a Significant Role. Potential restraints include: Demand for Convenient and Healthy On-the-go Snacking, Product Differentiation Plays a Significant Role. Notable trends are: Demand for Convenient and Healthy On-the-go Snacking.

Bread production sales have edged upwards in volume terms in recent years. Rising nutritional concerns, particularly relating to carbohydrate consumption, have negatively affected bread producers. So too has the continued shift in consumer preferences away from factory-produced breads in favour of fresh, locally produced bread made with locally sourced ingredients. Ongoing changes in consumer lifestyles and attitudes have provided new opportunities for bread makers to tap into niche or premium markets, including gluten-free and artisan bread. Even so, external competition from instore supermarket bakeries has constrained revenue as price-conscious consumers seek out unbranded bread amid the ongoing cost-of-living crisis. The COVID-19 outbreak in 2019-20 temporarily challenged bread producers, although the industry has since rebounded. Fluctuating input prices have added to the industry's challenges and limited profit margins. Despite these pressures, bread production revenue is expected to rise at an annualised 3.2% over the five years through 2025-26, pushed up by higher prices in the face of cost-inflationary pressures. This trend includes an anticipated rise of 2.5% in 2025-26, bringing revenue to an estimated $4.0 billion. Looking ahead, bread production revenue is set to edge upwards. In view of the industry's strongly competitive operating environment, innovation and new product developments will be critical for growth as industrial bread producers seek to reshape consumers' perception of factory-produced bread. New product development strategies will likely focus on specialty high-value breads, including gluten-free, high fibre and paleo bread. Bake-at-home, par-baked and flash-baked premium bread products that target the food-service sector will also support revenue. Bread producers will increasingly alter their production processes to minimise food waste, which may include loaf size variations in line with changing consumption behaviours. Similarly, packaging options are set to change as bread producers focus more on reducing plastic waste in line with sustainability practices. Revenue is forecast to climb by an annualised 2.4% over the five years through 2030-31, to $4.5 billion.

The Asia-Pacific frozen bakery market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 8.60% from 2025 to 2033. This expansion is fueled by several key drivers. The rising demand for convenient and ready-to-eat food options, particularly among busy working professionals and young families, significantly contributes to market growth. Furthermore, increasing disposable incomes across the region, especially in rapidly developing economies like India and China, are enabling greater consumer spending on convenient and premium frozen bakery products. The expanding retail infrastructure, including the proliferation of supermarkets, hypermarkets, and online retail channels, facilitates wider product availability and accessibility. Product innovation, focusing on healthier options, gluten-free alternatives, and diverse flavors catering to local preferences, also plays a vital role in driving market expansion. However, certain restraints impede market growth. Fluctuations in raw material prices, particularly flour and dairy products, impact production costs and profitability. Concerns regarding the nutritional value and perceived health implications of frozen bakery items represent another challenge. Competitive pressures from both established multinational players and smaller local manufacturers necessitate continuous product differentiation and strategic pricing strategies to maintain market share. Despite these challenges, the long-term outlook for the Asia-Pacific frozen bakery market remains positive, driven by sustained consumer demand, robust economic growth in several key markets, and ongoing innovation within the industry. Specific regional growth will be influenced by factors such as per capita income growth rates, changing dietary habits, and the penetration rate of modern retail formats. Key players such as Lantmannen, General Mills, and Grupo Bimbo are strategically positioned to capitalize on these market dynamics through product diversification, expansion of distribution networks, and targeted marketing campaigns. Recent developments include: In 2021, General Mills Inc. announced the launch of its six latest Pillsbury products in its frozen bakery product line. The Pillsbury Monkey Bread contains pre-cut dough with each kit, with a sweet cinnamon sauce pouch that has 10 grams of sugar, 200 calories, and 3 grams of protein., In 2020, Nestle SA launched Life Cuisine, the latest brand fabricated to 'feed modern lifestyles' worldwide. The product range offers frozen egg bites and pizza bowls, which cater to consumer preferences through low-carb, high-protein, gluten-free, and meatless., In 2019, The Haas Group announced the acquisition of Buhler to expand its business operations in India by adding an oven manufacturing plant to its service and assisting the facility in India.. Notable trends are: Increased Demand for Baked Products with Extended Shelf Life.