Market Research Report
Bakery Products Market by Product and Geography - Global Forecast and Analysis 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||907850|
|Published||Content info||122 Pages
Delivery time: 1-2 business days
|Bakery Products Market by Product and Geography - Global Forecast and Analysis 2019-2023|
|Published: August 19, 2019||Content info: 122 Pages||
Technavio's bakery products market analysis considers sales from bread and rolls, cakes and pastries, cookies, and others. Our analysis also considers the sales of bakery products in APAC, Europe, North America, South America, and MEA. In 2018, the bread and rolls segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increase in the demand for gluten-free products will play a significant role in the bread and rolls segment to maintain its market position. Also, our global bakery products market report looks at factors such as increasing retail value sales of private-label bakery products, strong distribution network between manufacturers and customers, and growing prominence of gluten-free bakery products. However, volatility of raw material prices, intense competition among vendors, and stringent regulations leading to product recalls may hamper the growth of the bakery products industry over the forecast period.
Gluten is a type of protein which is responsible for giving foods elasticity and providing a chewy texture. People allergic to gluten suffer from digestive issues and celiac disease if consumed. Gluten-free products include bagels, baking mixes, muffins, rolls and buns, and others. The increasing number of product offerings under the gluten-free category from vendors will lead to the expansion of the global bakery products market at a CAGR of over 4% during the forecast period.
Health-conscious consumers seek products with all-natural and wholesome ingredients. Hence, there is an increase in demand for artisan bread which delivers unique, rich, decadent flavors and textures. Further, clean label is a simplification of the manufacturing process of bakery products with the minimal use of ingredients that are recognized and perceived as wholesome by consumers. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global bakery products market during the forecast period 2019-2023, view our report.
With the presence of several major players, the global bakery products market is fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading milk chocolate manufacturers, that include Associated British Foods Plc, Britannia Industries Ltd., Grupo Bimbo SAB de CV, Mondelez International Inc., Warburtons Ltd.
Also, the bakery products market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.