The Business Research Company Global Bread and Bakery Market Report 2021 – Impact and Recovery of COVID-19
LONDON, GREATER LONDON, UK, November 12, 2021 /EINPresswire.com/ – According to new market research report “Bread And Bakery Products Global Market Report 2021: COVID-19 Impact And Recovery” released by The Business Research Company, the bread and baked goods market is expected to grow from $ 212.5 billion in 2020 to $ 222.55 billion in 2021 at a compound annual growth rate (CAGR) of 4.7%. The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that have resulted in operational challenges. The bread and bakery products market is expected to reach $ 279.54 billion in 2025 at a CAGR of 6%. Companies in this market are expected to benefit from the increasing demand for bakery and confectionery products due to the increase in population, during the forecast period.
Sample request for Global Bread and Bakery Products Market report:
The bread and bakery products market includes sales of bakery and bakery products by entities (organizations, independent traders and partnerships) that produce bread and bakery products. Companies in the bread and bakery industry process flour (but not dough) into bread and bakery products not intended for immediate consumption on site, package them and distribute them through various distribution channels to individual customers and commercial establishments.
Global bread and bakery market trends
Bread and baked goods manufacturers are increasingly relying on social media to market their products. As more consumers share their cooking experiences on social media websites like Instagram, Pinterest, and Facebook, bread and baked goods makers are creating innovative and artistic baked goods to gain popularity. According to a maru / matchbox study, 69% of millennials take a photo or video of their food before eating.
Global bread and bakery market segments:
The global bakery and bakery products market is further segmented:
By Type: Bread, Cakes And Pastries, Other Breads And Bakery Products
By distribution channel: supermarkets / hypermarkets, mini markets, e-commerce, others
By origin: Whole wheat flour, Multigrain flour
Sub-segments covered: Cakes, Pastries
By Geography: The global bread and bakery market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa . Among these regions, the Asia-Pacific bread and bakery market accounts for the largest share of the global bread and bakery products market.
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The Global Bread and Bakery Products Market report 2021 is part of a series of new reports from The Business Research Company that provides Bread and Bakery Products market overviews, analysis, and size forecast. and market growth for the global bread and bakery products market, bread and bakery products market share, bread and bakery products market players, bread and bread products market segments and geographies bakery, revenue, profiles and market shares of the main competitors in the bread and bakery products market. The Bread and Bakery Products Market report identifies key countries and segments for opportunities and strategies based on market trends and approaches of key competitors.
Read The Business Research Company’s 2021 Global Bread and Bakery Market Report for insights into the following:
Data segmentations: market size, global, by region and country, historical and forecast size and growth rate for the world, 7 regions and 12 countries
Covered bread and bakery market organizations: Dan Cake, Barilla Group, Grupo Bimbo, SAB De CV, Associated British Foods Plc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 industry reports, covering over 2,500 market segments and 60 geographies. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 in various markets.
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Here is a list of reports from The Business Research Company similar to the 2021 Global Bread and Bakery Products Market report:
Global Bakery and Confectionery Market Report 2021: Impact and Recovery of COVID-19
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