Market Synopsis:
The Global Artisan Bakery Market is anticipated to expand at a significant CAGR over the forecast period (2017-2023) owing to the rising demand for healthy food products, asserts Market Research Future (MRFR). Artisan bakery products are handcrafted and manufactured on the basis of traditional methods using premium quality ingredients. The flavors, color, and texture are adjusted depending on the demands and preferences of the consumer.
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With the rising demand for healthy food products and high-quality ingredients, the market is predicted to stimulate over the assessment period. The growing disposable income owing to economic development and increased demand for food items with high shelf-life is considered to contribute to the market growth over the forecast period. Moreover, with the development of advanced technologies, there is an increase in the innovation of new flavors and overall texture which has contributed to the market growth over the review period. Research and development activities have led the artisan bakery products to enhance their nutritional value. Also, the convenience usage and customization has stimulated the growth over the years.
Industry News:
North Wales bakery uses retro wheat to manufacture artisan bread as it used to taste in the 1970’s. The managing director Robin Jones chose to use the variety to produce a better tasting loaf. To give the bread an extra flavor, the sourdough culture will be applying honey from the beehives kept on the heather-clad slopes of the Ruabon Mountain.
Major Key Players:
The key players operating the global market for artisan bakery are Bimbo Bakeries (U.S.), Aryzta (Switzerland), Flowers Foods (U.S.), Rich Products Corporation (U.S.), Lantmännen Unibake International (Denmark), Vandemoortele (Belgium), Harry Brot GmbH (Germany), Csm Bakery Solutions Llc (U.S.), and more.
Regional Insights:
Geographically, the artisan bakery market spans across regions namely Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, Europe is anticipated to hold the major market share closely followed by North America. The Asia Pacific region is predicted to showcase a high revenue over the forecast period owing to the changing preference among the consumers.
France, Italy, Canada, Germany, U.K., and the U.S are among the major importers of artisans bakery. The growing consumption of artisans bakery products along with import and export in the developed countries is contributing to the growth rate.
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Segmental Analysis:
The global artisan bakery market has been segmented on the basis of product type, method, application, distribution channel, and region.
By mode of product type, the global artisan bakery market has been segmented into cake and sweet, bread, savory, morning goods, and others. Among these, the bread and morning good products segment holds the major share.
By mode of method, the market has been segmented into partially and fully baked. Among these, the fully-baked segment is anticipated to hold the higher demand from the manufacturer’s end.
By mode of application, the market has been segmented into appetizer, breakfast foods, baking base, snack foods, desserts, and others. Among these, the breakfast food segment is predicted to grow at a higher rate owing to the rising sales of artisan bread and loaves.
By mode of distribution channel, the market has been segmented into large retail, foodservice, quick service restaurants, convenience or independent retail, and others.
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