Global Organic Bakery Products Market is all set to garner a valuation of USD 13 billion by 2024, with a CAGR climbing at 6.5% between 2019 to 2024, which can be deemed as the forecast period. This market growth is witnessing increasing inclusion of the bakery sector in both developed and developing countries. Consumers are also showing a substantial move towards organic food products as they are increasingly becoming health conscious. Market Research Future (MRFR) implies in the report that the global growth would depend more on the hike in per capita income, transforming lifestyle, growing health concerns, and government initiatives. However, the high cost of organic products can deter market growth significantly. The market players are also looking at these as a challenge to implement better market strategies and trigger holistic growth.
There are several companies that have been assessed by MRFR for a better understanding of the global market for organic bakery products market. These companies are known for their extensive contribution to the global market through various strategic moves that can ensure their individual solid market foothold and take the market to a new height. These companies are Nutri-Bake Inc. (Canada), New Horizon Foods, Inc. (US), Rudi’s Organic Bakery (US), Soyfoods Ltd (UK), Flowers Food (US), Cress Spring Bakery (US), Hain Celestial (US), Healthybake (Australia), Natures Bakery Cooperative (US), Alvarado Street Bakery (US), Manna Organics LLC (US), Mestemacher GmbH (Germany), Toufayan Bakery, Inc. (US), and United States Bakery (US).
In Japan’s Oiso province Lee Utsumi’s organic bread and bakery are growing famous even though it is located at a kind of back-alley of the area. This is due to the awareness it has created regarding organic products. Growing health-conscious people have identified themselves with these products and are ready to make the most of this bakery.
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The global market report for organic bakery products depends on a segmentation based on type, category, and distribution channel.
By type, the global market report for organic bakery products can be segmented into as savory snacks, bread & rolls, cookies & biscuits, cakes & pastries, and others.
By category, the global market for the organic bakery products can be segmented into gluten-free and conventional. The gluten-free model is gaining fast integration in the market as it is known for its health benefits.
By distribution channel, the market for the organic bakery products can be segmented into store-based and non-store-based. The store-based segment has much-simplified better market penetration via supermarkets & hypermarkets, specialty stores, and others.
North America is known for its high expenditure capacity. This is mainly due to the presence of countries like the US and Canada, countries that offer well-developed infrastructure both from a marketing perspective and a sourcing point. The regional market has enough provision to assist farmers in delivering better quality. On the other hand, various market players are getting involved in showing extreme flexibility to the market. The marketing part is also quite easy owing to the robust structure and better awareness regarding the product it has.
Europe is also showing similar signs. The regional market is gaining much from the presence of countries like Italy, Spain, the UK, France, Germany, and others where bakery products play an integral role as a staple food. These countries are gaining much from the regional expansion plans and various strategic moves taken by market players. The regional market is also known for its high awareness regarding the quality of a product and government rules are quite strict owing to which the global market for organic bakery is benefiting substantially in the coming years.
The Asia Pacific region is enjoying significant attention due to the rising per capita income. Various market players are figuring out policies that would allow the market to grow in a bread way and pervade the consumer base in an impactful way.
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