Bakery Industry Frequently Asked Questions
How big is the baking industry?
In Australia, the baked good industry currently has a market size of $4 billion.
Is the bakery industry growing?
Absolutely. The baked goods industry is forecast to grow over the next five years, especially as consumers demand more artisanal bread and pastries, healthy and organic bakery products. The bakery industry is also benefiting from the growing popularity of online ordering and delivery. This is making it easier for consumers to get their favorite bakery products, even if they don’t live near a bakery.
What is new in the bakery industry?
The latest craze in the baked goods industry is hybrid products! These are where you add a unique twist to a classic baked good, such as combining a croissant and muffin to create a Cruffin, or a doughnut and croissant to make a Cronut. The newest inventions have been the Cretzel (which is a pretzel and croissant), a Macaringue (a macaron and meringue), and lastly a Croffle (croissant and waffle).