On the rise: Expanding product ranges and healthier options prove beneficial to the industry

Operators in the Bakery Product Retailing industry sell goods such as bread, cakes, rolls, pies and pasties. Confectioners that sell chocolate, toffee, fudge and other sugary items are also included in the industry. The Bakery Product Retailing industry faced a challenging start to the five-year period. This was largely the result of changing consumer preferences and increasing competitive pressures from supermarkets, convenience stores and coffee shops, which have expanded bakery ranges and diverted potential revenue away from industry operators.Nonetheless, some industry players have started to claw back market share and revenue. Mounting demand for alternative products has prompted retailers to broaden their offerings to include vegan ranges...read more.

Industry Statistics & Market Size
Revenue
£2.5bn
Annual Growth 15-20
1.1%
Forecast Growth 20-25
Profit
Employment
59,934
Businesses
3,309
Market Share of Companies

Industry Threats & Opportunities

  • Retailers have broadened their offerings to include vegan ranges over the past five years
  • Operators have faced increasing competition from convenience stores and independent grocers
  • Retailers are expected to expand their ranges on offer to those with specific dietary requirements
  • Industry Report - Industry Investment Chapter

    The Bakery Product Retailing industry is estimated to have a moderate level of capital intensity. Using wages was a proxy for labour and depreciation as a proxy for capital investment, the industry has a capital intensity ratio of 1:4.72 This suggests, for every £1.00 spent on capital, operators typically spend £4.72 on wages.Labour costs are estimated to account for 30.2% of revenue in 2019-20, which illustrates that the industry is fairly labour intensive. Employees are required to handle and store food in accordance with health and safety regulations. The majority of bakeries and confectioners make and process food on-site, meaning that skilled bakers and confectioners are required. Emp...purchase to read more.

    Additional Insights for the Bakery Product Retailing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bakery Product Retailing Industry are

  • Ability to pass on cost increases
  • Production of goods currently favoured by the market
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Demand from supermarkets in the Bakery Product Retailing industry impact industry performance..

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    What's in this report

    What is the Bakery Product Retailing Industry?

    This industry includes the retail sale of bread and bakery products including rolls, baps and cakes. It also includes the sale of sugar confectionery such as chocolates and sweets in specialised stores. In most instances, bakery product retailers also manufacture their products on the premises. The industry does not include bakery products sold in supermarkets.

    Industry Products
  • Savoury bakery products
  • Sandwiches and wraps
  • Sweet bakery products
  • Bread
  • Confectionery
  • Rolls and baps
  • Speciality and ethnic products
  • Industry Activities
  • Bread, roll and bap retailing
  • Sweet and savoury bakery product retailing
  • Sugar confectionery, cake and cookie retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Demand from supermarkets
  • Health consciousness
  • Average weekly hours of work
  • World price of wheat

  • Current Performance
  • Changing consumer tastes
  • Competitive pressure
  • Adapting to change
  • Challenges and

    profit pressures

  • Volatile costs and pricing pressures
  • Chart: Revenue Growth

  • Industry Outlook
  • Competition
  • Ongoing opportunities
  • Growth strategies
  • Table: Bakery Product Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bakery Product Retailing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Bread & Bakery Goods Production
  • Chocolate & Confectionery Production
  • Dairy Product, Egg & Edible Oil Wholesaling

  • Products & Services
  • Savoury bakery products
  • Sandwiches and wraps
  • Sweet bakery products
  • Bread
  • Confectionery
  • Speciality and ethnic products
  • Rolls and baps
  • Chart: Bakery Product Retailing Industry Products and Services Segmentation

  • Demand Determinants
  • Demographics and lifestyles
  • Health consciousness
  • Complementary goods and services
  • Substitutes and pricing

  • Major Markets
  • Consumers aged between 18 and 35
  • Consumers aged between 36 and 50
  • Consumers aged over 50
  • Consumers aged under 18
  • Chart: Major Market Segmentation for the Bakery Product Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRentUtilitiesMarketingOther
  • Chart: Cost Structure Benchmarking – Sector vs Bakery Product Retailing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bakery Product Retailing Industry

  • Industry Globalization
    Greggs plc,
  • Table: Greggs plc - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Bakery Product Retailing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Bakery Product Retailing Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Marketing (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Artisanal Bakery
  • A bakery specialising in hand-made products produced by a skilled baker.
  • Confectioner
  • A shop that specialises in sweet products such as chocolate and toffee.
  • Own Label
  • A product packaged and marketed under the name of a particular retailer e.g. a supermarket chain.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Bakery Product Retailing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bakery Product Retailing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bakery Product Retailing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bakery Product Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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