Growth Projections for the Southeast Asia Bakery Products Market
Morder Intelligence reported that the Southeast Asia Bakery Products Market is projected to expand from USD 10.89 billion in 2023 to USD 14.99 billion by 2028, with a compound annual growth rate (CAGR) of 6.60% over the forecast period
Malaysia-based Green House Regional Sales Director Michael Yap told FoodNavigator-Asia at the year 2023 that the annual consumption per capita of bakery in Malaysia, Indonesia, Philippines and Thailand is currently 4.9 kg, but it will be estimated to grow to 39 kg by 2030.
Reference:
1. Southeast Asia Bakery Products Market size | Mordor Intelligence. (n.d.). https://www.mordorintelligence.com/industry-reports/southeast-asia-bakery-products-market
2. Pearly Neo (2023, December 31). Baking up brilliance: More focus on localised and unique flavours needed to tap enormous APAC bakery growth potential. https://www.foodnavigator-asia.com/Article/2023/12/31/more-focus-on-localised-and-unique-flavours-needed-to-tap-enormous-apac-bakery-growth-potential
Recent Posts
See All
Henrick Low •
Nov 8, 2024 •
2 minutes read
Latest Developments in Industrial Bakery Equipment
Discover the latest advancements in industrial bakery equipment. Improve efficiency, ensure product quality, and reduce labour costs with our innovative solutions. Stay ahead of the competition and unlock your bakery's full potential
Read
Henrick Low •
Nov 5, 2024 •
4 minutes read
Bread Production for Fast Food Chains: Ensuring Fresh, High-Quality Buns at Scale
Learn how fast food chains meet the high demand for buns with optimized bread production processes. From ingredient sourcing to baking innovations, discover how quality and consistency are achieved across multiple locations.
Read
Henrick Low •
Oct 31, 2024 •
3 minutes read
Horizontal Mixers vs. Spiral Mixers: The Best Choice for Professional Dough Quality and Consistency
The comparison between spiral mixers and horizontal mixers highlights specific advantages and trade-offs that make each more suitable for different purposes in professional baking.
Read