U.S. Retail Bakery Market Sees Strong Growth, Led by Canada and Italy
The U.S. retail bakery market has seen significant activity in recent years. In 2021, the top three suppliers of imports were Canada, Mexico, and Italy. Meanwhile, the U.S. exported the most to Canada, Mexico, and South Korea. The market's value and consumption have been on the rise, with Italy and Japan leading in growth rates for imports and exports respectively.
From 2013 to 2024, U.S. retail bakery consumption increased at an average annual rate of X%. This growth is reflected in the market's sales value, which surged by X% to reach $X in 2024. Looking at imports, Canada was the dominant supplier, with imports from there being twice as high as those from Mexico in 2021. In terms of exports, Canada was also the top destination, receiving five times more U.S. retail bakery products than Mexico did.
The growth rates for imports and exports varied by country. Italy had the highest growth rate for U.S. retail bakery imports from 2020 to 2021, while Japan led in exports during the same period. Despite the lack of specific data on growth rates for other countries, these trends indicate a robust and dynamic market.
The U.S. retail bakery market's future looks promising, with continued growth expected. The top suppliers and destinations for imports and exports remain consistent, with Canada and Mexico leading the way. As consumption and sales values increase, the market's resilience and potential for further growth are evident.
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