Africa Bakery Product Market (2020-2026) | Share, Size, Growth, Value, Trend, Analysis, Revenue, industry, Outlook & COVID-19 IMPACT

Africa Bakery Product market report thoroughly covers the market by product types, distribution channels, and key countries including Nigeria, Kenya, South Africa, and the rest of the Africa region. Africa Bakery Products market outlook report provides an unbiased and detailed analysis of the ongoing Africa Bakery Products market trends, opportunities/high growth areas, and drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest 2023 Development of the Africa Bakery Product Market

Africa Bakery Product Market has seen tremendous growth due to numerous factors. The market is primarily being driven by a growing population, urbanization, and changing consumer preferences. Additionally, the key drivers of growth in the bakery product market are the increasing demand for convenience foods among urban consumers. In general, people living in cities move to cities and have busy lifestyles due to which there has been a significant increase in demand for ready-to-eat foods products. This has created opportunities for bakery product manufacturers to develop new products to cater to the changing consumer needs.

Another trend that has been driving the Africa bakery product market size is the increasing popularity of artisanal and premium baked goods. Overall, the market is expected to grow in the years to come as consumer demand healthy and premium baked products. However, the limited availability of skilled labor, the high cost of raw materials, and the lack of modern equipment are the major challenges for the market. Apart from this, consumers in Africa are becoming more health-conscious, which is driving demand for healthier bakery products such as gluten-free items. The growing tourism industry in Africa is leading to increased demand for bakery products in cafes, hotels, and restaurants which is also contributing to the market expansion.

Africa bakery product market Synopsis

Africa bakery product market is anticipated to grow over the coming years due to the increasing preference for whole grain, high in fiber, gluten-free and fortified products, rising health consciousness along with growing demand for ready-to-eat foods owing to busy work schedules is likely to promote the sales of bakery products. However, the coronavirus spread is expected to derail the bakery product market growth during the initial months of 2020 owing to disruptions in the supply chain and acute food shortage caused by the suspension of production activities during the lockdown in the region.

According to 6Wresearch, Africa Bakery Product Market size is expected to register significant growth during the forecast period 2020-2026. Growing urbanization coupled with a surging working population is adding to the Africa Bakery product market growth. Additionally, increasing demand for instant nutritious products is developing the growth of the industry. Rising penetration towards healthy snacking options coupled with increasing consumption of bread products. The outburst of the coronavirus pandemic led to disruption in the supply chain due to the shortage of workforce in the country.

The bakery product market would gain momentum by the end of 2020 due to changes in food preferences, a shift towards healthy lifestyles, and rising demand for indulgent, premium, designer-baked desserts and sweets would act as the major driving factors promoting the growth of bakery products in the forthcoming years.

Market Analysis by distribution channel

Based on distribution channels, hypermarkets/supermarkets are expected to register a major market share in the Africa bakery product market due to ease of shopping along with the availability of discounts and better product offerings provided by these stores. Further, on the basis of product types, the bread segment is anticipated to dominate the bakery product market as bread is considered as a staple diet for many local cuisines thereby, increasing the demand for bread.

Market Analysis by Country

On the basis of country, South Africa is expected to dominate the overall Africa Bakery Product Market Share. 

Key Highlights of the Report:

• Africa Bakery Products Market Overview
• Africa Bakery Products Market Outlook
• Africa Bakery Products Market Forecast
• Africa Bakery Products Market Size
• Historical Data of Africa Bakery Products Market Revenues, for the Period 2016-2019
• Africa Bakery Products Market Forecast of Revenues, Until 2026
• Historical Data of Africa Bakery Products Market Revenues, by Product Types, for the Period 2016-2019
• Market Size & Forecast of Africa Bakery Products Market Revenues, by Product Types, until 2026
• Historical Data of Africa Bakery Products Market Revenues, by Distribution Channels, for the Period 2016-2019
• Market Size & Forecast of Africa Bakery Products Market Revenues, by Distribution Channels, until 2026
• Historical Data of Nigeria Bakery Product Market Revenues for the Period 2016-2019.
• Market Size & Forecast of Nigeria Bakery Product Market Revenues until 2026.
• Historical Data of Kenya Bakery Product Market Revenues for the Period 2016-2019.
• Market Size & Forecast of Kenya Bakery Product Market Revenues, until 2026.
• Historical Data of South Africa Bakery Product Market Revenues for the Period 2016-2019.
• Market Size & Forecast of South Africa Bakery Product Market Revenues, until 2026.
• Market Drivers and Restraints
• Africa Bakery Products Market Trends
• Market Opportunity Assessment
• Africa Bakery Products Market Share, By Players
• Africa Bakery Products Market Share, By Countries
• Africa Bakery Products Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

Africa Bakery Products Market report provides a detailed analysis of the following market segments:

By Product Types:

• Cakes and Pastries
• Biscuits
• Bread
• Morning Goods
• Others

By Distribution Channels:

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Stores
• Online Retailing
• Others

By Countries:

• Kenya
• Nigeria
• South Africa

Africa Bakery Product Market: FAQs