Global Bakery Products Industry to 2026

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Dublin, April 19, 2021 (GLOBE NEWSWIRE) – The report “Bakery Products Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” has been added to ResearchAndMarkets.com offer.

The global bakery products market is expected to grow at a CAGR of 2.6% during the forecast period 2021-2026.

COVID-19 has had a significant impact on the baked goods market due to insufficient sales of baked goods during the peak period of the coronavirus pandemic as many bakers have closed their operations, which also includes the labor shortage. At the same time, the disruption of logistics facilities due to the foreclosure created more problems in the market as consumers did not get the products as they needed, which ultimately affected the market. Another factor that created an impact on the market is the lack of availability of raw materials due to which the production of products was not appropriate. Due to these issues, small bakers in the unorganized segment are the most affected, as the All India Bread Manufacturers Association stated.

Bakery products have long been a staple food for human nutrition. Convenience, accessibility, and associated nutritional profile are the main factors in their livelihood in the modern market. Their importance as an important part of the diet has been widespread in countries in the middle to low income group. Bread has been a staple of many local cuisines around the world and has seen remarkable growth even during times of global economic crisis.

The increasing trend of “natural nutrition”, “healthy living” and “organic products” has dramatically increased consumer demand for whole wheat bakery products that are light, natural and free of additives. In recent years, the growth in sales of packaged, whole wheat, whole wheat, gluten-free and natural products is an important indication of this new meaning of healthy living in the market studied.

Key market trends

Increased demand for food products without food products

The growing demand for gluten-free food products, especially gluten-free products, is not only followed by celiac patients, but also by the health-conscious general public, convinced that gluten-free and sugar-free products will help them to overcome problems associated with bloating, indigestion, obesity, diabetes, and many other health problems. Thus, baked goods with claims such as fat free, sugar free, gluten free, whole wheat and salt free are gaining popularity among the category of health conscious consumers.

In addition, according to the UK Agriculture and Horticulture Development Board, the market for non-food products is expected to grow by an average of 10% per year over the next three years, and the share of baked goods and cookies in the food category is about 35%. This, in turn, indicates a lucrative market opportunity for free baked goods.

Europe dominates the consumption of baked goods

Europe accounts for the largest share of revenue in the global bakery products market. The developed markets of Western Europe in bakery products are mature and saturated compared to the emerging markets of Eastern Europe, which notably drive sales of cookies and breads, due to the strong demand for products. convenient food.

European bakery markets are well established in terms of supply chain, product range, distribution channels and consumer preferences. Innovations and new product development are increasingly seen in indulgence categories, such as cakes, pastries and cookies. Traditional morning foods in Europe are seeing the rise of gluten-free, whole-grain, old-grain and additive-free products, which have the potential to increase sales, with the growing demand for instant and nutritious baked goods .

Competitive landscape

The global bakery products market is a very competitive market, especially with the significant presence of many global and regional players. The market share analysis does not take into account the revenues of artisan bakeries, but the revenues of retail channels and catering services. Finsbury Food Group Plc, Mondelez International, General Mills Inc., Britannia Industries Ltd and Grupo Bimbo are among the major players in the global bakery products market. The strategy of expansion and partnership agreement has been the crucial strategy behind the development of the bakery products businesses.

Reasons to buy this report:

  • The Market Estimate (ME) sheet in Excel format
  • 3 months of analyst support

Main topics covered:

1. INTRODUCTION
1.1 Study deliverables and study hypotheses
1.2 Scope of the study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market drivers
4.2 Market restrictions
4.3 Porters Five Forces Analysis
4.3.1 Threat of new entrants
4.3.2 Bargaining power of buyers / consumers
4.3.3 Bargaining power of suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By product type
5.1.1 Cakes and pastries
5.1.2 Cookies
5.1.3 Bread
5.1.4 Morning Goods
5.1.5 Others
5.2 By distribution channel
5.2.1 Hypermarkets / Supermarkets
5.2.2 Convenience Stores
5.2.3 Specialized stores
5.2.4 Online retail
5.2.5 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 Saudi Arabia
5.3.5.3 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Market share analysis
6.2 Most active companies
6.3 Most adopted strategies
6.4 Company profiles
6.4.1 Finsbury Food Group Plc
6.4.2 Bimbo group
6.4.3 Associated British Foods Plc
6.4.4 Mondelez International
6.4.5 Bakers Delight Holdings Limited
6.4.6 Dunkin brands
6.4.7 Britannia Industries Ltd
6.4.8 Food Flowers
6.4.9 General Mills Inc.
6.4.10 Pladis SA

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 IMPACT OF COVID-19 ON THE MARKET

For more information on this report, visit https://www.researchandmarkets.com/r/gfphsg


        


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