$3.4bn
$XXX.Xm
9,210
277
$XXX.Xm
Bread production sales have edged upwards in recent years. Ongoing changes in consumer preferences have provided opportunities for bread makers to tap into niche or premium markets, boosting incomes. Even so, external competition from instore supermarket bakeries has constrained revenue. Fluctuating input prices have placed downward pressure on revenue growth and limited profit margins. Rising nutritional concerns, particularly relating to carbohydrate consumption, have also negatively affected bread producers. Bread production revenue is expected to rise at an annualised 2.2% over the five years through 2023-24, to total $3.4 billion. This trend includes an anticipated rise of 0.4% in 2023-24.
Industry revenue has grown at a CAGR of 2.2 % over the past five years, to reach an estimated $3.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Goodman Fielder | 932.4 | |
George Weston Foods | 741.3 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including White breads and rolls, All other bread products and Bread dough and crumbs. White breads and rolls is the largest segment of the Bread Production in Australia.
The popularity of white breads and rolls has inched downwards amid changing consumer attitudes
The industry produces leavened and unleavened bread from factory-based premises. Companies that produce bread dough (fresh or frozen), breadcrumbs or par-baked bread are also included. Businesses that bake and sell bread from the same premises are not included in the industry.
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ANZSIC 1171 - Bread Production in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Bread producers have been facing challenging conditions. Expanding competition from supermarket instore bakeries, and consumers shifting away from traditional factory-produce...
Learn about an industry's products and services, markets and trends in international trade.
Shifting consumer preferences are driving changes in bread production. Producers are introducing healthier alternatives to white bread, like mixed grain and rye bread options...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Bread production occurs across all Australian states. New South Wales, Victoria and Queensland make the greatest contribution to bread production.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The two largest bread producers in Australia are Goodman Fielder and George Weston. Together, these companies account for almost half of bread production revenue.
Learn about the performance of the top companies in the industry.
Goodman Fielder and George Weston Foods dominate the market. Together, they account for almost half of the industry’s market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Bread producers must adhere to food and health regulations. The Australia New Zealand Food Standards Code places labelling requirements on manufacturers.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wage costs have trended downwards as a share of revenue over recent years. Improved automation processes have largely contributed to this trend.
Including values and annual change:
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Bread Production industry in Australia is $3.4bn in 2024.
There are 277 businesses in the Bread Production industry in Australia, which has declined at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Bread Production industry in Australia has been growing at a CAGR of 2.2 % between 2019 and 2024.
Over the next five years, the Bread Production industry in Australia is expected to grow.
The biggest companies operating in the Bread Production market in Australia are Goodman Fielder and George Weston Foods
White breads and rolls and Bread dough and crumbs are part of the Bread Production industry.
The company holding the most market share in Australia is Goodman Fielder.
The level of competition is high and increasing in the Bread Production industry in Australia.