Latin America Bakery Products Market to be Driven by Rising Preference for Ethnic Foods During the Forecast Period 2022-2027

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Expert Market Research’s new report titled “Latin America Bakery Products Market Size, Share, Price, Trends, Growth, Report and Forecast 2022-2027”, gives an in-depth analysis of the Latin America bakery products market, assessing the market based on its segments such as product types, distribution channels and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 1.5% (Brazilian retail confectionery market)

Sales of baked goods are expected to increase in the coming years due to factors such as an increasing preference for ethnic foods, changes in the flavor, texture and taste of baked goods, health consciousness and growing demand for breakfast cereals and cereals. Increased demand for bakery items such as pastries, fruit pies, donuts and croissants is expected to boost regional bakery sales. As a result, stores are responding to this need by producing organic baked goods, healthier breakfast foods, and “free” products to build customer loyalty and drive market growth. An increase in out-of-home consumption, an increased desire for quick and nutritious items, rapid urbanization, and an increase in the labor force are all contributing to the growth of the market.

Industry definition and major segments

Baking is the oldest baking procedure and is used to make everyday products like breads, cakes, pastries, pies, cookies, and donuts. Baked goods are made with a variety of ingredients, including rice, water, and leavening agents, depending on the grain.

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By Product Type, the market is split into:

• Biscuits

Cookies
o Cookies with cream
o Glucose cookies
o Marie cookies
o Milk Biscuits
o Cracker cookies without salt
o Salty Cracker Cookies
o Others

• Bread and rolls

o Artisan Bakeries
o In-store bakeries
o Wrapped

• Cakes and pastries

o Artisan Bakeries
o In-store bakeries
o Wrapped

• Rusks

o Artisan Bakeries
o In-store bakeries
o Wrapped

• Others

On the basis of distribution channel, the market is segmented into:

• Supermarkets and Hypermarkets
• Convenience stores
• Independent retailers
• Special stores
• In line
• Others

Regional markets for the product include:

• Brazil
• Argentina
• Mexico

Market trends

The bakery products market in Latin America is estimated to grow as the market grows. The global coronavirus pandemic slowed market growth in the first half of 2020; however, the market began to recover at the end of the year thanks to the government’s efforts to ensure the continued availability of adequate, safe and nutritious food by ensuring the proper functioning of local, regional and national wholesale markets and by providing technical and financial services. assistance to small and medium agro-industrial farmers. These policies should also improve food products, which would help the industry to develop. Additionally, market players are investing heavily in research and development (R&D) operations to bring organoleptically better products to market.

Main market players

Major players in the market are Grupo Bimbo, Empresas Carozzi SA, Barry Callebaut AG, Arcor Group and others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports and advisory services to our clients. We serve a wide clientele ranging from Fortune 1000 companies to small and medium-sized businesses. Our reports cover over 100 industries in established and emerging markets researched by our trained analysts who track the latest economic, demographic, business and market data globally.

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* At Expert Market Research, we always strive to give you the latest information. The figures in the article are only indicative and may differ from the actual report.


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