The latest report by IMARC Group, titled “Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global bakery products market reached a volume of 136 Million Tons in 2016, exhibiting a CAGR of 1.4% during 2009-2016. Bakery products are grain-based foods, prepared by using dry heat in an oven, hot stones or hot ashes. Some of the most widely consumed bakery products include white bread, biscuits, rolls, cakes, cupcakes, tarts, pies, doughnuts, etc. Bakery products are becoming an indispensable part of both formal and non-formal occasions, thereby providing a thrust to the market.
Highlights of the global bakery products market:
- Popularity of organic and healthy baked products among the health-conscious consumers is facilitating the market growth.
- Among bread and biscuit, bread dominates the global sales of bakery products.
- Asia-Pacific is the largest market, accounting for the majority of the total share.
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The market is currently experiencing a steady growth due to various favourable factors. Rising consumer focus on nutrient-rich diet has influenced the demand for fibre- and protein-rich products, whole-grain based products, trans-fat free products and low-fat products. Along with this, organic and natural bakery products have also gained popularity among the heath-conscious consumers. Moreover, growing affluence of the middle-income group in emerging regions has created a market for artisanal bakeries which offer customized products such as artisan breads and rolls. The market is also expected to benefit from innovations in frozen bakery products such as semi-baked and unbaked doughnuts, cookies, croissants, etc. and launch of thaw and serve products. Rapid urbanization, hectic lifestyle, changing food consumption trends and convenience of bakery products are the some of the other factors facilitating the market growth.
The market has been segregated on the basis of product type which includes bread and biscuit. As bread is a fast-moving consumer good (FMCG), it is consumed largely across the globe on a daily basis. Owing to this, bread dominates the market, accounting for majority of the global sales. Region-wise, Asia-Pacific represents the leading market for bakery products. Other major markets include North America, Europe, and Middle East and Africa. An analysis of the competitive landscape of the market along with details of the key players operative in the market is also provided. Some of the major players include Finsbury Food Group, Grupo Bimbo, Hostess Brands, Flower Foods, McKee Foods and Yamazaki Baking.
To view the report summary and Table of Contents, click on: http://www.imarcgroup.com/bakery-products-market
The report by IMARC Group has examined the global bakery products market on the basis of:
- North America
- Middle East & Africa
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