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          1. Bakery Product Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/20/2020
            SIC Codes: 2051, 2053, 5461
            NAICS Codes: 31181
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Bakery Product Manufacturing Industry Profile

            Companies in this industry make fresh and frozen bread as well as cakes, pies, and doughnuts. Major companies include Dawn Foods, Flowers Foods, McKee Foods, and Franz Bakery, (all based in the US), along with Allied Bakeries (UK), ARYZTA (Switzerland), Grupo Bimbo (Mexico), Weston Foods (Canada), and Yamazaki Baking (Japan).

            Because of the perishable nature of bakery products, international trade does not play a major role in the industry. However, disruptions in grain production and trade can have significant effects on global supplies and prices of ingredients. Canada is by far the US's largest trading partner for both imports and exports of bakery products, followed by Mexico.

            The US bakery products industry includes about 3,300 commercial bakeries with combined annual revenue of about $39 billion, along with about 6,500 retail bakeries with annual revenue of about $4 billion.

            COMPETITIVE LANDSCAPE

            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.

            In the US, the commercial side of the industry is concentrated: the 50 largest companies generate about 75% of revenue. The retail side of the industry is highly fragmented: the 50 largest companies generate about ...

             
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