U.S. Commercial Bakery Market Reached 31B USD
Photo: © RossHelen / Bigstockphoto
According to market research conducted by IndexBox, from 2008 to 2014, the U.S. commercial bakery market showed steady growth. It expanded from X billion USD in 2008 to X billion USD in 2014, rising with a CAGR of +X%.
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 +X% (currently +X%) 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.
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 X billion USD, rising with a CAGR of +X% from 2008 to 2014.
Bread accounted for the highest share (X% in 2014) of U.S commercial bakery manufacturing, followed by rolls (X%), soft cakes (X%) and pies (X%).
The U.S. trade deficit in this sector has worsened over the period under review, growing from X million USD in 2008 to X million USD in 2014. The negative trend accelerated sharply after 2008, with the trade deficit increasing by X% annually.
Canada was the main supplier of commercial bakery into the U.S., with a X% share of total U.S. imports in 2014. Mexico took the second spot. The fastest growing suppliers were India (+X%), the Republic of Korea (+X%) and Mexico (+X%) from 2007 to 2014. Mexico strengthened its position in the U.S. import structure, from X% in 2007 to X% in 2014. By contrast, Canada saw its share reduced from X% in 2007 to X% in 2014.
In 2014, the main destination of U.S. commercial bakery exports was Canada (X%), distantly followed by Mexico (X%). The share exported to Canada decreased (-X percentage points), while the share sent to Australia illustrated positive dynamics (+X percentage points). The shares of the other countries remained relatively stable throughout the analyzed period.
Do you want to know more about the U.S. commercial bakery market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- commercial bakery market share
- commercial bakery prices
- commercial bakery industry
- commercial bakery sales
- commercial bakery market forecast
- commercial bakery price forecast
- key commercial bakery producers
Source: IndexBox AI Platform
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