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2023 U.S. Industry Statistics & Market Forecast - Bread & Bakery Product Manufacturing


Market Size & Industry Statistics

The total U.S. industry market size for Bread & Bakery Product Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Bread & Bakery Product Manufacturing market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Bread and Bakery Product Manufacturing industry has undergone several significant changes in recent years. Here are the key trends affecting the industry:

1. Increased demand for healthier products: Consumers are focusing on healthier eating habits, and this is leading to a rise in demand for bread and bakery products with whole grains, low fat, and low sugar content.

2. Ethnicity-based variation: Culturally rich produces, such as Hispanic Bakery Products, are in higher demand than ever in North American markets.

3. Growing popularity of artisanal bread: There is a rising demand for artisan-made bread, which is leading to an increase in artisanal bakeries as well as supermarkets and food shops expanding their artisanal bread options.

4. Innovative flavors: Consumers are demanding diversity and convenience in their baked goods. As a result, creative flavor combinations and functional ingredients are crucial to attract consumers.

5. Technological advancements in production: Industry manufacturers are incorporating technological advancements such as automated production processes and smart packaging to enhance the efficiency, quality, and shelf life of their products.

6. Demand for eco-friendly products: There is an increased focus on reducing food waste and environmental impact. Companies are working towards using sustainable ingredients, packaging, and production methods.

Overall, responding to these trends and maintaining innovation will be key to competing successfully in the Bread and Bakery Product Manufacturing industry in the upcoming years.



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Bread & Bakery Product Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Bread & Bakery Product Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Bread & Bakery Product Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers2%
Food Preparation and Serving Related Occupations 9%
Sales and Related Occupations 12%
Retail Sales Workers 11%
Cashiers 6%
Cashiers 6%
Production Occupations 49%
Food Processing Workers 33%
Bakers 21%
Bakers 21%
Miscellaneous Food Processing Workers 12%
Food Batchmakers 8%
Other Production Occupations 12%
Packaging and Filling Machine Operators and Tenders 7%
Packaging and Filling Machine Operators and Tenders 7%
Transportation and Material Moving Occupations 13%
Material Moving Workers 9%
Laborers and Material Movers 9%
Source: Bureau of Labor Statistics


Bread & Bakery Product Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Bread & Bakery Product Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Bread & Bakery Product Manufacturing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Bread & Bakery Product Manufacturing industry.
Source:
IncFact


Government Contracts

In 2022, the federal government spent a total of $467,925,180 on Bread & Bakery Product Manufacturing. It has awarded 117387 contracts to 187 companies, with an average value of $2,502,274 per company.   

Most Recent Contracts Date Total Award Amount