PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1395000
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1395000
Breadcrumbs market size is projected to expand at 3.1% CAGR from 2023 to 2032. The growing demand for convenience foods and ready-to-cook products is increasing the preference for breadcrumbs as a versatile coating and binding agent.
The growing popularity of ethnic and exotic cuisines is leading to the higher interest in several key food ingredients. Moreover, the rise in the number of health-conscious consumers is steering the increasing inclination towards gluten-free and whole grain breadcrumb options. Additionally, the proliferation of fast-food chains and the growing trend of home cooking will fuel the demand for breadcrumbs as staple in various recipes. The robust expansion of the food sector and the evolving consumer preferences for texture-enhancing ingredients will also compliment the industry growth.
The market is segregated into product, seasoning, end-use application, distribution channel, and region.
Based on product, the gluten-free breadcrumbs market is estimated to record 3.5% CAGR from 2023 to2032. This can be ascribed to the increasing consumer preferences for gluten-free alternatives due to the rising awareness of gluten sensitivity and celiac diseases. Furthermore, the broader shift towards healthier eating habits for catering to individuals with dietary restrictions and preferences for gluten-free options will fuel the product demand in the coming years.
With respect to seasoning, the breadcrumbs industry from the flavored segment is projected to exhibit 3.1% CAGR during 2023-2032. The growth can be attributed to the high consumer demand for enhanced taste profiles in food preparations and the increasing popularity of diverse and exotic flavors. The surging rate of consumer experimentation with seasoned breadcrumbs coupled with the convenience of incorporating pre-seasoned options in cooking will add to the segment growth.
Regionally, the Europe breadcrumbs market is slated to expand at 3.4% CAGR through 2032, due to the rich culinary traditions and the widespread usage in European cuisines. The high demand for convenience foods along with the rising trend of home cooking is driving the versatility of breadcrumbs in various recipes. The rising popularity of ethnic and international cuisines will further boost the regional market expansion.