Bread and rolls to drive steady growth in bakery sector

April 2, 2013, Canada – The Canadian bakery and cereals sector is set to
show strong growth in value between 2012 and 2017, with a compound
annual growth rate (CAGR) of 4.3 per cent, according to a press release
from market research group Canadean.

April 2, 2013, Canada – The Canadian bakery and cereals sector is set to show strong growth in value between 2012 and 2017, with a compound annual growth rate (CAGR) of 4.3 per cent, according to a press release from market research group Canadean. Sector volumes increased rapidly as well, albeit with a slightly lower CAGR of 3.1 per cent.
 
Canadean suggests that all bakery and cereals categories will show both volume and value growth in Canada between 2012 and 2017, although the cookies and savoury biscuits categories present the lowest value CAGR, at 2.5 per cent. Baking mixes are forecast to show the lowest category growth in terms of volume, at just 0.2 per cent CAGR for 2012-2017.
 
The staple bread and rolls category is not only the largest in the sector; it’s also one of the fastest growing. Bread and rolls accounted for 46.8 per cent of the sector’s value and 41.6 per cent of the sector’s volume in 2012, and will record CAGRs of five per cent for both value and volume during 2012-2017.
 
At one per cent of the sector by value and 1.4 per cent of the sector by volume, energy bars had the lowest share of the bakery and cereals sector in 2012, however, the press release says energy bars will record the strongest growth rates throughout 2012-2017, with a value CAGR of five per cent and a volume CAGR of 5.3 per cent.