The Bread and Bakery Product Manufacturing industry has developed rapidly over the five years through 2015. In 2015, industry revenue is expected to total $13.7 billion, up 4.6% from 2014. Strong growth has been due to growing domestic demand for bakery goods, which has surged an annualized 14.3% over the past five years. In 2015, there are about 1,156 enterprises operating in this industry, employing 149,550 workers with a payroll of $783.4 million.
Over the five years over 2015, demand for bread and bakery products remained steady and substantial. These products have become daily necessities for many people, particularly students and workers in urban areas.
This industry uses raw ingredients to make different kinds of bakery products. Bakery goods are made through baking, molding and deep-frying processes. The main products made by the industry include bread, cakes, mooncakes, pastries and desserts.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.