Bakeries and Tortilla Manufacturing – 2024 U.S. Market Research Report

Publish Date: February 2024

This 63-page market research report provides a comprehensive analysis on the $82.2 billion bakeries and tortilla manufacturing market in the United States. With more than one hundred industry analyses and data sets, this report is one of the comprehensive assessments of the industry. The report covers 2015 to 2023, with forecasts for 2024 and 2028. The base data is sourced from extensive business surveys completed by the majority of companies in the bakeries and tortilla manufacturing industry.

This report has the in-depth industry insights you are looking for as it covers market size & growth, in-depth OPEX analysis on 26 categories, dozens of financial metrics, 100+ forecasts, plant inventory analysis, 31 balance sheet benchmarks, numerous industry segmentations, top 50 companies analysis, production material costs, profit margin analysis, state metrics analysis, plant utilization, organizational breakdown, inflation statistics, compensation analysis, employee productivity benchmarks, and numerous other data sets.

Bakeries and Tortilla Manufacturing Report


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Report Format


The 2024 U.S. Bakeries and Tortilla Manufacturing Industry Market Research Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. This market research report is utilized by professionals to gain a deep understanding of the industry for business planning, forecasts, cost reduction initiatives, competitive intensity analysis, identifying growth opportunities, P&L and balance sheet analysis, plant capacity planning, market analysis, valuation analysis, workforce optimization, sales & marketing benchmarking, productivity improvement initiatives, operational streamlining, profitability analysis, and other analyses.

Below are a few page images from the report and check out the table of contents for a complete overview.

bakeries and tortilla manufacturing industry revenue chart

OPEX chart for bakeries and tortilla manufacturing

Bakeries and Tortilla Manufacturing Profit

bakeries and tortilla manufacturing BCG Matrix

Bakeries and Tortilla Manufacturing Plant Utilization Chart

Bakeries and Tortilla Manufacturing Workforce Benchmarks


Industry Description


This industry group includes companies primarily engaged in (1) baking bread and other bakery products on the premises, not for immediate consumption, fresh or frozen; (2) manufacturing cookies, crackers, and dry pasta; and (3) manufacturing of tortillas. Also included here are manufacturers that produce frozen cakes, pies, donuts and other pastries; and flour and mixed dough.

NAICS Code: 3118

Number of Companies: 9,909

Number of Plants / Facilities: 10,880

Total Employees: 288,323

Market Size: $82.2 billion

Product Lines Covered


Bread and bakery product manufacturing
Cookie, cracker, and pasta manufacturing
Tortilla manufacturing

Table of Contents


Review the table of contents of the Bakeries and Tortilla Manufacturing Report below to understand the extensive statistical data sets in this report and why thousands of executives, consultants, bankers, accountants, and other professionals trust Kentley Insights for their market research needs.


1-2 – Report Overview & Contents

3 – Industry Overview
– Data Sources
– Industry Definition & Examples

4 – Industry Synopsis – Revenue & Growth

5 – Industry Synopsis – Costs & Profitability

SECTION ONE
REVENUE & GROWTH ANALYSIS

7 – Market Size Details
– Industry Revenues
– Companies
– Facilities
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

8 – Growth Benchmarks
– Sales per Company
– Sales per Plant
– Plants per Company
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

9 – Product Lines Revenue
– Percentage of Revenue from Product Lines

10 – BCG Matrix – Net Income vs. Revenue Growth
– Subsectors vs. Industry

11 – Total Industry Sales by Month & Year
– 2019-2023 Sales per Month

12 – Inventory Value by Month & Year
– Inventory Value per Month for 2019-2023

13 – Months of Inventory
– Months of Inventory per Month for 2019-2023

14 – Sector Revenue by Segments
– Concentration Segments by Top Companies
– Business Size Segments
– Business Structure Segments

15 – Market Size by State
– Industry Revenue by State and Rankings

16 – Market Size as a % of State GDP
– Sales as a Percentage

17 – Industry Sales as a % of State Manufacturing
– Sales as a % of Income

18 – Industry Segmentation by Business Size
– Sales as a % of Income

19 – Industry Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll

20 – Industry Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll

21 – Industry Market Share of Top 50 Companies
– Market Share & Total Revenue for 2018 versus 2023

22 – Subsector Market Share of Top 50 Companies
– Market Share & Total Revenue for 2018 versus 2023

23 – Industry Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll

24 – Revenue per Company by State
– Revenue per Company

25 – Revenue per Company by Segments
– Business Size, Concentration, & Structure

26 – Revenue per Facility by State
– Sales per Facility & State Ranking

27 – Revenue per Facility by Segment
– Business Size, Concentration, & Structure

28 – Subsector Growth
– Sales and 5-Year Growth

29 – Subsector Statistics
– Sales per Company & Facility, and 5-Year Growth

30 – Consolidation Analysis
– 5-Year Growth of Companies & Locations

31 – Employment Consolidation Analysis
– 5-Year Growth of Employee Statistics

32 – Subsector Consolidation Analysis
– Number of Companies
– Number of Facilities
– 5-Year Growth

33 – Subsector Consolidation Analysis
– Facilities per Company
– Employees per Company
– 5-Year Growth

SECTION TWO
COST, CAPITAL & PROFIT BENCHMARKS

35 – Profitability & Financial Ratio Analysis
– Percent of Companies that are Profitable
– Average Net Income as a Percent of Revenue
– 10 of the Top Financial Ratios

Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– Current & Non-Current Assets: Cash, Notes & Accounts Receivable, Allowance for Bad Debts, Inventories, Treasuries & Securities, Other Current Assets, Loans to Shareholders / Mortgage, Other Investments, Depreciable Assets, Accumulated Depreciation, Land, Intangible Assets (Amortizable), Accumulated Amortization, Other Assets
– Short-term, Long-term Liabilities, & Net Worth: Accounts Payable, Mortgages, Notes, Bonds due in less than 1 Yr., Other Current Liabilities, Loans from Shareholders, Mortgages, Notes, Bonds > 1 Yr., Other Liabilities, Capital Stock, Additional Paid-in Capital, Retained Earnings, Cost of Treasury Stock

37 – OPEX
– Industry OPEX
– Industry Revenue vs. OPEX Growth
– OPEX as a Percent of Revenue
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

38 – OPEX by Company & Plant
– OPEX per Company
– OPEX per Facility
– Revenue vs. Expenses Growth per Plant
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

Page 39 – OPEX Detail
– Employee Expenses: payroll, insurance, pension, defined contribution plans, fringe benefits, temps
– Cost of Materials: materials, parts, containers, packaging, cost of resale, electricity and fuels, contract work
– Buildings and Equipment: capex for equipment, rental or lease for equipment, capex for buildings and structures, rental or leases, repair and maintenance
– Other Operating Expenses: professional and technical services, IT software and hardware, data processing and communications, advertising, refuse removal, taxes and license fees, other
-Inventory Breakdown: finished goods, work-in-progress, materials and supplies

40 – Production Material Costs
– Top Production Material Costs Breakdown
– % of Total Production Material Cost

41 – Producer Pricing Index
– Annual PPI – Indexed to 2006
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts
– Monthly PPI Figures for the Past 4 Years

42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2020-2023 Historical Figures by Quarter

43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years

44 – Productivity & Industry Employment
– Revenue per Employee
– Total Industry Employees
– Employees per Company
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

45 – Employee Productivity by Segments
– Business Size, Concentration, & Structure

46 – Employee Productivity by State
– Revenue per Employee

47 –Subsector Sales & Payroll per Employee
– Absolute & 5-Year Growth

48 – Industry Payroll
– Payroll per Employee
– Payroll per Company
– Payroll per Plant
– Trend Analysis 2015-2023
– 2024 & 2028 Forecasts

49 – Payroll per Company by Segments
– Business Size, Concentration, & Structure

50 – Payroll per Plant by Segments
– Business Size, Concentration, & Structure

51 – Payroll per Employee by Segments
– Business Size, Concentration, & Structure

52 – Payroll per Employee by State
– Payroll per Employee

53 – Organizational Composition
– % of Employees for 27 Job Categories
– Management & Finance
– Sales & Marketing
– Technology, Engineering, Science
– Service, Support & Training
– Operations

54 – Job Categorization Pay Ranges
– Management & Finance
– Sales, Service & Marketing
– Operations
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

55 – Top 20 Jobs Breakdown
– Percent of Total Employees

56 – Top 20 Jobs Pay
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%

57 – Employees per Company by Segments
– Business Size, Concentration, & Structure

58 – Employees per Plant by Segments
– Business Size, Concentration, & Structure

59 – Facilities per Company by Segments
– Business Size, Concentration, & Structure

60 – Total Employment by State
– Number of Employees

61 – Population to Every Employee by State
– Number of Residents to Industry Employee
– State Rankings

62 – Employees per Facility by State
– Average Number of Employees per Facility
– State Rankings

63 – Overview of Kentley Insights


Methodology & Data Sources


The sources for the report data include federal and private surveys completed by the majority of companies in the industry covering extensive financial and operational topics for the bakeries and tortilla manufacturing industry. Our forecasts take into account historical trends, industry dynamics, and our macroeconomic projections.

Download a Sample Report


Below is a free sample report download. The 2024 Bakeries and Tortilla Manufacturing Industry Report has the same layout and data sets as the sample report.

Wood Kitchen Cabinet Countertop Manufacturing Report

Report Details


Report: Bakeries and Tortilla Manufacturing Industry Market Research Report

Number of Pages: 63

Format: PDF

Price: $295

Support Contact:
Email us at support@kentleyinsights.com
Call us at 1-800-613-3611

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Industry Jobs Analyzed


Bakers
Miscellaneous Food Processing Workers
Laborers and Material Movers, Hand
Packaging and Filling Machine Operators and Tenders
Cashiers
Miscellaneous Production Workers
Fast Food and Counter Workers
Retail Salespersons
Driver/Sales Workers and Truck Drivers
First-Line Supervisors of Production and Operating Workers
Building Cleaning Workers
Industrial Machinery Installation, Repair, and Maintenance Workers
Shipping, Receiving, and Traffic Clerks
General and Operations Managers
Maintenance and Repair Workers, General
Sales Representatives, Wholesale and Manufacturing
Office Clerks, General
Inspectors, Testers, Sorters, Samplers, and Weighers
Food Preparation Workers
Miscellaneous Assemblers and Fabricators

Material Cost Categories


Materials, ingredients, containers, and supplies, nsk
Wheat flour and all other flour (excluding corn), and all other grain mill products (ex. corn), including germ, bran, etc.
Cost of all other materials and components, parts, containers, and supplies consumed
Paper and paperboard products
Fats and oils, all types
Misc. food products, including baking powder and yeast; dried, frozen, or liquid eggs; and flavoring powders, tablets, and paste
Beet and cane sugar
Dough and flour mixes
Plastics products (including packaging, foam products, film, sheet, rod, tube, fabricated shapes, bottles, etc.)
Wet corn milling products, including corn sweeteners, corn flour, corn meal and feed, and starch
Chocolate confectionery products, including coatings; sweetened & unsweetened chocolate powder; and cocoa butter, liquor, and syrup
Dry, condensed, and evaporated dairy products, including dry dairy product substitutes
Dried and dehydrated foods, including soup mixes and dried fruits and vegetables
Natural cheese, process cheese, and cheese substitutes
Corn
Aluminum and aluminum-base alloy sheet, plate, foil (including packaging products), and welded tubing
Frozen fruit, juice, and vegetables
Honey

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