Bakery & Pastry – M&A Update
Evolving consumer lifestyles driving M&A activity
Global consumer trends for health, convenience and indulgence are driving growth in the mature bakery industry. Competition is high for those bakery manufacturers and retailers that can meet consumer preferences, with the major bakery manufacturers that need to access faster-growing niches paying attractive valuations for high quality assets.
Key conclusions from this report include:
- Innovation is key to accessing consumer spending on bakery
- Asia is becoming a major market
- Major emerging markets players targeting leading brands in mature markets
- Private equity has a successful record in the sector