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, doughnuts 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
• On line
• Others
Regional markets for the product include:
• Brazil
• Argentina
• Mexico
Market trends
The market for bakery products in Latin America is estimated to grow as the market develops. 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.
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