US is the largest bakery product manufacturer in the world with China and India ranked 2nd & 3rd respectively .Bakery market revenue is estimated to $ 30 Billion per year .Average consumption of bakery products by Americans is about 25.4 kg per capita .
A report
The US bakery industry includes about 2,800 commercial bakeries
with combined annual revenue of about $30 billion, along with about
6,000 retail bakeries with combined annual revenue of about $3 billion.
Major companies include
Hostess Brands,
Flowers Foods, and
Bimbo
Bakeries USA (the US operations of Mexico's Grupo Bimbo). The commercial
side of the industry is concentrated: the 50 largest companies generate
75 percent of revenue. The retail side of the industry is highly
fragmented: the 50 largest companies generate about 15 percent of
revenue, and the typical company operates just one facility.
Demand
is driven by consumer preferences and by the extent to which grocery
stores choose to operate their own bakeries rather than buy from
commercial bakeries. Profitability for individual companies is
determined by efficiency of operations. Large companies have scale
advantages in procurement, production, and distribution. Small companies
can compete by offering specialty goods or superior local distribution
services. Retail bakeries are labor-intensive: average annual revenue
per worker is about $45,000.
Major
products include baked breads, mainly white, wheat and rye, which
account for 40 percent of commercial bakery sales. About 20 percent of
sales come from rolls, buns, muffins, bagels and croissants; 10 percent
from soft cakes; and the rest from pies, pastries, donuts and a variety
of sweet goods.
source -
www.researchandmarkets.com