The Bakery Goods Manufacturing sector includes companies that primarily produce fresh and frozen bread and other baked goods. The product is ultimately sold to supermarkets, convenience stores, food service providers, and others.
Despite the perceived maturity of the baked goods industry and the stable underlying demand, the industrial bakers constantlywork on product development In terms of profitability, branded players achieves a c. 9-12% median EBITDA margin through 2018-2022, comparedtotheir mixed and private -label peers (c. 6-9% median EBITDA margin)
Across most regions, growth is driven by convenience, urbanization and the popularity of packaged bakery goods in retail and foodservice.