Dive Summary:
- According to a new 2012 Research and Marketing report by Baker Product Manufacturing, the U.S. commercial bakery sector reached $30 billion this past year.
- The prominent contributors include Hostess, Flower Foods and Bimbo Bakeries.
- The top 50 out of 2,600 companies make up almost 75% of the total revenue making the baking industry one of the more unevenly distributed in America.
From the article:
The US commercial bakery industry generates annual revenues of around $30bn each year and is a highly concentrated sector, a new report shows. Hostess Brands, Flowers Foods and Bimbo Bakeries USA are the key majors in the sector, according to the new 2012 Research and Markets report Bakery Product Manufacturing.The overall market includes around 2,800 commercial bakeries that generate $30bn each year and 6,000 retail bakeries making about $3bn."The commercial side of the industry is concentrated: the 50 largest companies generate 75% of revenue," it said.However it noted that ...