Market Size of Bahrain Bakery Product Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Bahrain Bakery Products Market Analysis
The Bahrain bakery product market size is expected to grow from USD 371.6 million in 2023 to USD 481 million by 2028, at a CAGR of 5.3% during the forecast period (2023-2028).
- The bread and rolls segment leads the bakery market of Bahrain, followed by the biscuits and cakes market. Breads of different types are commonly consumed in breakfasts and as a snack product, along with spreads and other curry recipes in the market. Bread made of wheat and other multigrain is gaining demand across the country to meet the nutritional requirements of consumers in the market.
- Moreover, consumers are becoming more health conscious about their dietary preferences and seeking health-based bakery products, including bread. Therefore, food manufacturers are incorporating nutritious ingredients to cater to the demand for fortified bakery products.
- Cakes, sweet pies, and other sweet-based bakery products are also in high demand as they are commonly consumed in the country. Due to health concerns, less sweetened and low-calorie cakes are gaining immense popularity among consumers. With the increasing prevalence of chronic diseases among consumers, the demand for low-calorie and less-sweetened bakery products such as cakes, pastries, and biscuits is expected to increase.
- For instance, according to the International Diabetes Federation )D, 9% of Bahrain's population suffers from diabetes as of 2021. As awareness of the adverse health impact of excess sugar consumption increases, more consumers consume less sweetened bakery products, increasing the demand for pastries and desserts containing sugar substitutes, such as stevia and other alternative sweeteners.
Bahrain Bakery Products Industry Segmentation
Bakery products are prepared from flour or meal derived from grains and are available in a wide range.
The Bahrain bakery product market is segmented by product type into bread and rolls; cakes, pastries and sweet pies; sweet biscuits; morning goods; and crackers and savory biscuits. By distribution channel, the market is segmented into hypermarkets/supermarkets, specialist stores, convenience/grocery stores, online stores, and other distribution channels.
The market sizing has been done in value terms in USD for all the abovementioned segments.
Type | |
Bread & Rolls | |
Cakes, Pastries and Sweet Pies | |
Sweet Biscuits | |
Morning Goods | |
Crackers and Savory Biscuits |
Distribution Channel | |
Hypermarkets/Supermarkets | |
Specialist Stores | |
Convenience/Grocery Stores | |
Online Stores | |
Other Distribution Channels |
Bahrain Bakery Product Market Size Summary
The Bahrain bakery product market is experiencing a notable expansion, driven by evolving consumer preferences and increasing health consciousness. The market is predominantly led by the bread and rolls segment, with biscuits and cakes following closely. There is a growing demand for multigrain and fortified bakery products, as consumers seek healthier options that meet their nutritional needs. This shift is prompting manufacturers to incorporate nutritious ingredients into their offerings, catering to the rising demand for health-based bakery products. The popularity of less sweetened and low-calorie options, such as cakes and pastries, is also on the rise, influenced by the increasing prevalence of chronic diseases and heightened awareness of the health impacts of excessive sugar consumption.
The market landscape is characterized by a diverse range of local and international players, with major companies like Almarai Co Ltd, Mondelez International, PepsiCo Inc., and Kellogg's Company actively enhancing their distribution channels to capture a larger market share. The demand for premium and high-quality bakery products is increasing, as consumers are willing to invest in products that offer superior nutritional value and quality. Bakery products are widely available through supermarkets, convenience stores, and traditional grocery outlets, facilitating easy access for consumers. Additionally, the import of bakery products from countries like the United States is significant, driven by the preference for high-quality imported goods. The market's competitive nature is further underscored by strategic expansions and product introductions by key players, aiming to strengthen their presence and offerings in the region.
Bahrain Bakery Product Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increasing demand for premium bakery products
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1.1.2 Online retailing of bakery products
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1.2 Market Restraints
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1.2.1 Food Allergy and Intolerance Among Consumers
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1.3 Industry Attractiveness - Porter's Five Force Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Bread & Rolls
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2.1.2 Cakes, Pastries and Sweet Pies
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2.1.3 Sweet Biscuits
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2.1.4 Morning Goods
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2.1.5 Crackers and Savory Biscuits
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2.2 Distribution Channel
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2.2.1 Hypermarkets/Supermarkets
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2.2.2 Specialist Stores
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2.2.3 Convenience/Grocery Stores
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2.2.4 Online Stores
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2.2.5 Other Distribution Channels
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Bahrain Bakery Product Market Size FAQs
What is the current Bahrain Bakery Product Market size?
The Bahrain Bakery Product Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Bahrain Bakery Product Market?
Mondelez International, Kellogg, Pepsico, Almarai and Bakemart are the major companies operating in the Bahrain Bakery Product Market.