Bakery Products Market to Surpass US$ 354.6 Mn by 2032 as Demand for Ready-to-Eat Products Increases – Future Market Insights, Inc.

Germany is expected to account for 30% of the total Europe bakery products market by the end of 2032. Asian countries are emerging as a lucrative market for bakery products and exhibit high potential to expand in the coming years

/EIN News/ — NEWARK, Del, July 26, 2022 (GLOBE NEWSWIRE) — The global bakery products market is set to witness growth at a CAGR of 4.2% over the forecast period (2022-2032) and top a valuation of $354.6 min by 2032.

Bakery products are cooked at a high temperature in the oven or on a hot stove. A massive transformation in baking methods have been noticed with the upgrading of technology by taking over the traditional baking methods.

Increasing consumption of processed food items and shifting consumer preference towards convenient food and beverage products is expected to fuel the market. Alongside, owing to the convenience and prolonged shelf-life offered by the frozen food items is predicted to increase the demand for frozen bakery products in the forthcoming years.

Changing consumer behavior have altered their preferences and developed their tastes for varied bakery products. They have started experimenting with new products with different flavors and stuffing. Furthermore, health-conscious consumers are gradually shifting the focus towards low-calorie products.

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Busy schedules and hectic timelines have convinced consumers to switch to convenient and ready-to-eat products such as biscuits and bread and rolls which is likely to positively impact the market. Due to the above-listed factors, the demand for bakery products is prophesied to show impressive growth over the forecast period.

Key Takeaways:

  • Europe is expected to account for the maximum value share of the global market of about 28% by 2022.
  • By product type, bread and rolls is expected to account for the highest market share in 2022.
  • In case of specialty segment, sales of gluten-free bakery products are expected to gain momentum.
  • Indirect channel is expected to account for a higher market value share than direct channel by 2032.
  • Germany is expected to account for 30% of the Europe bakery products market share over the forecast period.

“High demand for gluten-free bakery products across emerging economies, along with increasing preference for international baked products is expected to fuel the growth in the market,” says an FMI analyst.

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competitive landscape

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships, and collaboration gain a competitive edge in the market. Forinstance:

  • In 2021, Mondelez International (MDLZ) had acquired Chipita SA which is a Greek snacking company. Chipita produces and markets savory and sweet snacks.
  • In 2020, ITC’s brand, popularly called as ‘Sunfeast’ had expanded its ‘cake’ category, by introducing its new product named as Sunfeast Caker which is available in three forms, namely Choco Swiss Roll, and Layer Cake, and Trinity.

Key Companies Profiled in bakery products market are Nestle SA, Associated British Foods plc, Mondelez International, Inc, Finsbury Food Group Plc, Bimbo Bakeries USA, Britannia Industries, Flowers Foods, Inc., Rich Products Corporation, Dr. August Oetker Nahrungsmittel KG, Gruma, SAB de CV, Bakers Delight Holdings, Grupo Bimbo SAB de CV, Yamazaki Baking Co., Ltd., JAB Holding Company, ARYZTA AG, General Mills, Inc.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global bakery products market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on bakery products market by product type (biscuits, breads and rolls, cakes and pastries, rusks), specialty type (fortified, gluten-free, organic, low calorie, sugar-free), and distribution channel ( direct and indirect) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa) major regions of the world.

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Global Bakery Products Market by Category

By Product Type:

  • biscuits
    • cookies
    • Non-Salt Cracker Biscuits
    • Salt Cracker Biscuits
    • Milk Biscuits
    • Cream Biscuits
    • Glucose Biscuits
    • Marie Biscuits
    • Others
  • bread and rolls
    • handmade
    • In store
    • packaged
  • Cakes and Pastries
    • handmade
    • In store
    • packaged
  • Pizza Crusts
  • rusks

By Specialty Type:

  • Gluten-free
  • fortify
  • Organic
  • low calorie
  • sugar-free

By Distribution Channel:

  • Direct
  • indirectly
    • Hypermarkets/Supermarkets
    • Convenience Store
    • Bakery Stores
    • Artisanal Bakeries
    • Online Retailers

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About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

Table of Contents

1.Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2.Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3.Market Background

3.1. Market Dynamics

3.1.1. drivers

3.1.2. restrictions

3.1.3. Opportunity

3.1.4. trends

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Explore IMF’s Extensive Coverage on Food and Beverage Domain

Frozen Bakery Products Market Size: Frozen Bakery market size is estimated to be valued at USD 23billion in 2021 and is projected to reach USD 49 billion by 2032

Bakery Ingredients Market Share: Bakery ingredients market is expected to reach a market valuation of US$ 17.9 Billion by the year 2022 end, accelerating with a CAGR of 6.4% by 2022-2032.

Egg Emulsifier Market Demand: Egg emulsifier market is expected to reach a market valuation of US$ 216.2 Mn by 2022, with sales growing at a CAGR of 6.5%

Plasma Powder Market Outlook: Plasma powder market size is projected to exceed US$ 2.8 Bn in 2022 and is estimated to exhibit growth at 5.2% CAGR between 2022 and 2032.

Baking Soda Substitute Market Forecast: Baking soda substitute market is expected to reach a market valuation of US$ 4.1 Bn by 2022, accelerating at a CAGR of 6% during the forecast period (2022-2032)

Frozen Pet Food Market Value: Frozen pet food market is expected to reach market valuation of US$ 14 Bn by 2022, with demand increasing at a CAGR of 5.1% over the assessment period.

Water Enhancers Market Analysis: Water enhancers market is expected to reach a valuation of US$ 1.6 Bn by 2022, accelerating at a CAGR of 9.5% during 2022-2032. The market is set to reach US$4 Bn in 2032.

Banana Milk Market Sales: Banana milk market is expected to reach a market valuation of US$ 29.4 Mn in 2022, with demand increasing at a CAGR of 5.6% over the forecast period.

Fermented Foods and Beverages Market Growth: Fermented foods and beverages market size reached US$ 575.6 Bn in 2022 and is projected to grow at a CAGR of 5.6% during the forecast period, totaling around US$ 989.2 Bn by 2032.

Plant Based Collagen Market Trends: Plant based collagen market is expected to reach a valuation of US$ 5.7 Bn by 2022 and exhibit growth at a CAGR of 8% during 2022-2032.

Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market

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