“The expansion of the global bakery product industry is forecast to reach 3.1% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 7.1%. Currently, wafers, waffles, and sweet biscuits account for 33.7% of the global demand while the remaining market share is divided between toasted bread, rusks, and other toasted products (2.1%), crispbread (1.1%), gingerbread (0.8%) and other bakery products (62.3%).
China, France, Germany, Japan and the United States represent the largest bakery product markets while the strongest annual growth is forecast to occur in Panama (12.0%), Rwanda (11.0%), Bolivia (10.3%), Kenya (10.0%) and Jordan (9.9%).
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