Market Research Report
Sourdough Market Growth, Trends and Forecasts (2020 - 2025)
|Sourdough Market Growth, Trends and Forecasts (2020 - 2025)|
Published: May 1, 2020
Mordor Intelligence Pvt Ltd
Content info: 100 Pages
Delivery time: 2-3 business days
The global sourdough market is growing at a CAGR of 7.2% during the forecast period (2020-2025).
Increasing Demand For Gluten-free Sourdough Products
Surge in popularity of gluten-free products due to the increasing gluten intolerance across the globe have been boosting the sourdough industries. According to a survey in 2015 by NSF International, consumers are following the gluten-free diet for different reasons in the United States such as gluten gastrointestinal allergy, gluten skin allergy, celiac disease, health conscious diet or others. Among these, consumers suffering from gluten gastrointestinal allergies were found to be the largest group, followed by celiac disease and gluten skin allergic people. Also, according to Mayo Clinic, 3.1 million Americans are shifting towards gluten-free diet where 72 percent of them are classified as people without celiac disease avoiding gluten (PWAG). There is also a group of people ditching gluten without a celiac diagnosis owing to join the trend of gluten-free consumption.
Europe to Witness Significant Growth During Forecast Period
Countries in the European region, such as Germany, France, Italy and Spain are driving the market, where Germany is expected to remain as the largest market as Germans have been traditionally known to consume sourdough bread made up of wheat, spelt, and rye flours. Also, increased sales of private label sourdough in the region have fueled the market growth.
The sourdough market is highly competitive in nature having large number of domestic and multinational player competing for market share and with innovation in products being a major strategic approach adopted by leading players. Additionally, merger, expansion, acquisition and partnership with other companies are the common strategies to enhance the company presence and boost the market.