Sri Lanka Bread and Bakery Products Market (2023-2029) | Size, Share, Outlook, Analysis, Industry, Growth, Revenue, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Type (Cake, Pastries, Breads, Others), By Claim (Gluten-Free, Organic), By Form (Fresh, Frozen, Others), And Competitive Landscape

Product Code: ETC018111 Publication Date: Oct 2020 Updated Date: Apr 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Topics Covered in the Sri Lanka Bread and Bakery Products Market

Sri Lanka Bread and Bakery Products Market report thoroughly covers the market by type, by claim, and by form. The Bread and Bakery Products Market Outlook report provides an unbiased and detailed analysis of the ongoing Bread and Bakery Products Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Sri Lanka Bread and Bakery Products Market Synopsis

Sri Lanka Bread And Bakery Products Market is estimated to exponentially in the upcoming years across the country underpinned by the rising population growth and increasing disposable income of the population with the rise in the working-women ratio in the country. However, some challenges that are posing a threat to the growth of the market are intense competition with unorganized players and the high cost of raw materials. Generally, with bread and bakery products, stapling food that is consumed by the Sri Lanka population, hence the market is expected to continue to rise in recent years and in the upcoming years.

According to 6Wresearch, the Sri Lanka Bread and Bakery Products Market size is projected to witness tremendous growth during 2023-2029. This growth is boosting bread and bakery items demands due to a rapidly changing lifestyle of the country’s population, with a rise of working women and with their busy lifestyle they opt for convenient food options such as pre-packed food items and ready-to-eat foods and frozen foods. On the other hand, the market poses some challenges that affect the Sri Lanka Bread and Bakery Products industry. One of the significant challenges is intense competition in the market with the presence of unorganized players and high raw material cost tends to affect or decrease the profit margin rate of the retailers. Additionally, increasing disease rates are caused by eating refined flour made or processed bakery food items. The rising health concern is somewhere affecting the market growth in the country. but still, the rapidly growing factors have been taking over the market growth positively owing to a rise in income levels, bakery item purchasing rate is also rising, and rising urbanization are willing to consume bakery items are expected to widen the Sri Lanka Bread and Bakery Products market share in the upcoming years.

COVID-19 Impact on the Sri Lanka Bread And Bakery Products Market

COVID-19 impacted adversely on the Bread and Bakery Products market growth in Sri Lanka. Implementation of several measures by the government during COVID-19 including, lockdown, product supply restriction, and others. As being bread being a staple food and a habit of eating tasty & appetizing led to an initial surge in demand for bakery and bread items, but within one month the disruption in supply chains and with a shift in the population’s consumer preferences of consuming healthy to improve immunity had ceased the purchase of the product, this had led to hampering the market growth in the country.  

Key players in the Sri Lanka Bread and Bakery Products Market

  • George Steuarts - George Steuarts is a major player in the bread and bakery items market in the country. The company produces a spectrum range of baked goods, including bread, buns, cakes, pastries, and biscuits.
  • Ceylon Biscuits Limited (CBL) - Ceylon Biscuits Limited is a major manufacturer of biscuits, cookies, and other bakery products across the country.
  • BreadTalk Sri Lanka - BreadTalk is a Singaporean bakery chain that has existed in Sri Lanka. The company provides a comprehensive range of bread, pastries, cakes, and other baked goods.
  • Prima Group - Prima Group is a diversified conglomerate significantly catering to the Sri Lanka population. The company offers a comprehensive range of products, which include flour, bread, biscuits, and noodles.

Market Analysis by Type

According to Shivankar, Research Manager, 6Wresearch, pastries & Cakes are gaining traction in Sri Lanka, backed by the rise in demand for desserts and customized cakes for events, for instance, weddings, and birthdays.

Market Analysis by Claim

Based on this, organic products are leading in the market owing to increasing awareness among consumers about the consumption of processed foods causing diseases. Also, the rising income enables consumers to spend more on organic products.

Market Analysis by Form

Based on this, fresh products are gaining momentum in the country underpinned by an increasing health concern that is leading to stimulating consumers to consume freshly baked items.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022.
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Sri Lanka Bread and Bakery Products Market Outlook
  • Market Size of Sri Lanka Bread and Bakery Products Market, 2022
  • Forecast of Sri Lanka Bread and Bakery Products Market, 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Revenues & Volume for the Period 2019 - 2029
  • Sri Lanka Bread and Bakery Products Market Trend Evolution
  • Sri Lanka Bread and Bakery Products Market Drivers and Challenges
  • Sri Lanka Bread and Bakery Products Price Trends
  • Sri Lanka Bread and Bakery Products Porter's Five Forces
  • Sri Lanka Bread and Bakery Products Industry Life Cycle
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Type for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Cake for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Pastries for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Breads for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Pastries for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Others for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Claim for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Gluten-Free for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Organic for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Form for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Fresh for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Frozen for the Period 2019 - 2029
  • Historical Data and Forecast of Sri Lanka Bread and Bakery Products Market Revenues & Volume By Others for the Period 2019 - 2029
  • Sri Lanka Bread and Bakery Products Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Claim
  • Market Opportunity Assessment By Form
  • Sri Lanka Bread and Bakery Products Top Companies Market Share
  • Sri Lanka Bread and Bakery Products Competitive Benchmarking By Technical and Operational Parameters
  • Sri Lanka Bread and Bakery Products Company Profiles
  • Sri Lanka Bread and Bakery Products Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

  • Cake
  • Pastries
  • Breads

By Claim

  • Gluten-Free
  • Organic

By Form

  • Fresh
  • Frozen
Sri Lanka Bread and Bakery Products Market: FAQs
The growing population shift of the rural population, and changing population lifestyle are some factors proliferating the growth of the Sri Lanka Bread and Bakery Products Market.
Intense competition with unorganized competitors and rising health concerns among the population lead to declining consumption rates which are acted as the major challenges faced by the Sri Lanka Bread and Bakery Products Market.
Cakes & pastries are widening Sri Lanka Bread and Bakery Products scope in the country owing to changing lifestyles and urbanization.
Shifting towards eating healthy to improve immunity levels during the COVID-19 phase had led to cease of the bread and bakery items, and as a result, they affected the Sri Lanka Bread and Bakery Products market.
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1 Executive Summary
2 Introduction
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3 Sri Lanka Bread and Bakery Products Market Overview
3.1 Sri Lanka Country Macro Economic Indicators
3.2 Sri Lanka Bread and Bakery Products Market Revenues & Volume, 2022 & 2029F
3.3 Sri Lanka Bread and Bakery Products Market - Industry Life Cycle
3.4 Sri Lanka Bread and Bakery Products Market - Porter's Five Forces
3.5 Sri Lanka Bread and Bakery Products Market Revenues & Volume Share, By Type, 2022 & 2029F
3.6 Sri Lanka Bread and Bakery Products Market Revenues & Volume Share, By Claim, 2022 & 2029F
3.7 Sri Lanka Bread and Bakery Products Market Revenues & Volume Share, By Form , 2022 & 2029F
4 Sri Lanka Bread and Bakery Products Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 Sri Lanka Bread and Bakery Products Market Trends
6 Sri Lanka Bread and Bakery Products Market, By Types
6.1 Sri Lanka Bread and Bakery Products Market, By Type
6.1.1 Overview and Analysis
6.1.2 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Type, 2019 - 2029F
6.1.3 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Cake, 2019 - 2029F
6.1.4 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Pastries, 2019 - 2029F
6.1.5 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Breads, 2019 - 2029F
6.1.6 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Pastries, 2019 - 2029F
6.1.7 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Others, 2019 - 2029F
6.2 Sri Lanka Bread and Bakery Products Market, By Claim
6.2.1 Overview and Analysis
6.2.2 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Gluten-Free , 2019 - 2029F
6.2.3 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Organic, 2019 - 2029F
6.3 Sri Lanka Bread and Bakery Products Market, By Form
6.3.1 Overview and Analysis
6.3.2 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Fresh, 2019 - 2029F
6.3.3 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Frozen, 2019 - 2029F
6.3.4 Sri Lanka Bread and Bakery Products Market Revenues & Volume, By Others, 2019 - 2029F
7 Sri Lanka Bread and Bakery Products Market Import-Export Trade Statistics
7.1 Sri Lanka Bread and Bakery Products Market Export to Major Countries
7.2 Sri Lanka Bread and Bakery Products Market Imports from Major Countries
8 Sri Lanka Bread and Bakery Products Market Key Performance Indicators
9 Sri Lanka Bread and Bakery Products Market - Opportunity Assessment
9.1 Sri Lanka Bread and Bakery Products Market Opportunity Assessment, By Type, 2022 & 2029F
9.2 Sri Lanka Bread and Bakery Products Market Opportunity Assessment, By Claim, 2022 & 2029F
9.3 Sri Lanka Bread and Bakery Products Market Opportunity Assessment, By Form, 2022 & 2029F
10 Sri Lanka Bread and Bakery Products Market - Competitive Landscape
10.1 Sri Lanka Bread and Bakery Products Market Revenue Share, By Companies, 2022
10.2 Sri Lanka Bread and Bakery Products Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
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