The global bakery meal market is anticipated to be valued at approximately USD 897.4 million in 2024 and is expected to grow at a steady CAGR of 3.6%, reaching USD 1,254.4 million by 2034. Bakery meal, also referred to as dry bakery product, bakery waste, cookie meal, bread meal, or biscuit meal, is a derivative of the bakery industry, playing a pivotal role in sustainable animal nutrition. As the demand for cost-effective and nutritious animal feed alternatives grows, the bakery meal market is poised for significant expansion over the forecast period.
Key Takeaways:
- Market Valuation: Expected to grow from USD 897.4 million in 2024 to USD 1,254.4 million by 2034.
- CAGR: Steady growth at a rate of 3.6% from 2024 to 2034.
- Primary Usage: Bakery meal is widely utilized in livestock diets, particularly for poultry and swine, due to its rich nutrient content.
- Sustainability Factor: Increasing emphasis on waste reduction and sustainable agricultural practices is a key driver of market growth.
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Driving Factors of Industry Growth:
The bakery meal market is witnessing growth due to the rising focus on sustainable animal nutrition, cost-efficiency in livestock feed, and increasing concerns over food waste management. Bakery meal consists predominantly of wheat flour but can also contain sugar, salt, oils, and other additives, making it a valuable component in livestock feed formulations. With the livestock sector growing rapidly, particularly in emerging economies, the need for alternative feed sources like bakery meal is expanding. Furthermore, stringent environmental regulations encouraging the utilization of food industry by-products in sustainable applications are bolstering market demand.
Applications in the Industry:
Bakery meal is widely used in the animal feed industry, primarily for poultry and swine nutrition. It serves as an energy-rich ingredient that enhances feed conversion efficiency while reducing overall feed costs. The incorporation of bakery meal in animal diets improves digestion and growth performance, making it a preferred choice for livestock farmers. Additionally, the feed industry is increasingly adopting bakery meal as an eco-friendly substitute for conventional grains, aligning with global sustainability goals.
Analyst Comments:
Industry analysts highlight that the rising adoption of circular economy practices in the food industry is creating a favorable environment for the bakery meal market. The repurposing of bakery waste into high-value feed ingredients is not only reducing food waste but also providing livestock farmers with an economical and nutritionally rich alternative. Market players are also investing in innovative processing techniques to enhance the nutritional profile of bakery meal and expand its applications in animal nutrition.
Regional Analysis:
The demand for bakery meal varies across different regions, driven by livestock farming trends, government policies, and sustainability initiatives.
- North America holds a significant share in the bakery meal market, with increasing demand for cost-effective livestock feed solutions. The presence of major food processing industries in the U.S. and Canada provides ample opportunities for bakery waste repurposing.
- Europe is experiencing steady growth, supported by stringent regulations promoting waste reduction and sustainable feed alternatives. Countries such as Germany, France, and the U.K. are leading in the adoption of bakery meal in animal feed.
- Asia-Pacific is projected to witness rapid growth due to rising meat consumption and expanding poultry and swine farming sectors in countries like China, India, and Indonesia. The increasing focus on agricultural sustainability further boosts market growth in the region.
- Latin America and the Middle East & Africa are emerging markets, with growth driven by expanding livestock farming and increasing awareness about the benefits of alternative feed sources.
Recent Trends and Developments:
- Sustainable Feed Innovations: Companies are investing in R&D to improve the processing of bakery waste into high-quality feed ingredients, enhancing its nutritional value.
- Government Initiatives: Policies supporting food waste reduction and sustainable livestock farming are driving the adoption of bakery meal in animal nutrition.
- Strategic Collaborations: Leading feed manufacturers are partnering with bakery product producers to establish efficient supply chains for bakery meal production.
- Expansion in Emerging Markets: With rising meat consumption in developing economies, the demand for cost-effective feed solutions is increasing, fostering market expansion.
Key Players in the Market:
Several industry leaders are actively engaged in the production and distribution of bakery meal, ensuring a steady supply to the livestock industry. Some of the key players include:
Leading Brands
- Darling Ingredients
- Scoular
- Renewal Processing, Inc.
- Nutreco NV (Netherlands)
- Duynie
- Looop
- Cargill
- Prorec
- Archer Daniels Midland Company (ADM)
- Charoen Pokphand Foods PCL
- ForFarmers BV
- DLG Group
- Alltech Inc.
- KENT Nutrition Group
- J.D. Heiskell & Co.
Comprehensive bakery industry analysis: Top driving factors, restraints, major trends, and growth opportunities: https://www.futuremarketinsights.com/industry-analysis/bakery
Key Segments of the Report
By Primary Ingredients:
As per primary ingredients, the industry has been categorized into bread by-products, crackers and chips, cookies and snack foods, tortillas and cereals.
By Animal Type:
This segment is further categorized into poultry feed, swine feed, dairy cattle feed and others.
By distribution channel:
This segment is further categorized into direct sales to farmers, feed manufacturers and retail outlets.
By formulation type:
As per sales channel, the industry has been categorized into standard bakery meal and fortified bakery meal
By End User:
This segment is further categorized into commercial livestock farms and smallholder farms.
By Packaging Type:
This segment is further categorized into bulk packaging and retail packaging.
By Region:
Industry analysis has been carried out in key countries of North America, Western Europe, Eastern Europe, Russia & Belarus, Balkan & Baltic Countries, Latin America, Central Asia, East Asia, Middle East & Africa and South Asia & Pacific & Pacific.
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