Cookies are ubiquitous. They appear in many areas of the store, from the classic cookies and snack aisle, to the bakery aisle, the in-store fresh bakery, as ready-to-bake items in the refrigerated area, and even cookie dough in the frozen food section.
The proposed separations create greater strategic, operational, and financial focus for each company and its stakeholders.
June 21, 2022
The Company plans to separate into three independent companies, by spinning off its U.S., Canadian, and Caribbean cereal and plant-based businesses, which collectively represented approximately 20% of its net sales in 2021.
The buns and rolls segment of fresh bread accounts for over $6.0 billion in annual retail sales, per IRI, Chicago. This sandwich-heavy segment comprises hamburger and hot dog buns, but also other sandwich buns, dinner rolls, and traditional croissants.
Consumers still have a sweet tooth for desserts. In fact, 53% of consumers said that they had dessert within the past day based on a recent survey from Datassentials. Even as we emerge from the pandemic, desserts are still very relevant as consumers look to indulge a sweet craving, with a treat that can offer familiarity, comfort, or nostalgia.
During the COVID-19 pandemic, consumers have been staying home more often, and searching for familiar snacks. Cookies fill that void, and brands have taken note of what is trending.
The bakery snacks category overall experienced an increase in sales in 2021, the possible reason for that being that consumers are now returning to the office and want on-the-go snacks to keep them company at their desks.
The tortilla category largely flatlined during the past year, with some variation by type or brand of shell, as the world began to reopen after the worst of the pandemic and fewer consumers worked at home.
State of the Industry Overview for bakery, including a look at baking industry challenges like the supply chain, workforce development, impact from the war in Europe, and the pandemic.