2021 Bakery Products Market Report: Exponential Growth by Size, Share, Trends and Market Analysis to 2030
PORTLAND, OR, USA, September 23, 2021 /EINPresswire.com/ – Baking is considered the oldest form of baking. Baking is the transformation of a dough made up of flour, milk, and other ingredients such as eggs, sugar, fats, and other additives into foods with a unique taste and smell. Bakery products have a huge portfolio, including bread, cookies, rolls, cakes, cookies, cupcakes, pies, pies, sweet buns, donuts, coffee cakes, and refrigerated bakery products. A typical bread has been a daily staple food and source of essential nutrients, made locally or commercially since prehistoric times. Cheesecakes and brownies are one of the most popular and widely produced baked goods. The cookie is also a popular category of baked goods. Cooking methods have undergone a massive transformation with the advent of technology, with modern methods taking precedence over traditional cooking methods.
Market Scope and Structure Analysis
Market size available for years
Reference year considered
North America, Europe, Asia-Pacific, LAMEA
Flower Foods, Inc., The Hain Celestial Group, Inc., Toufayan Bakery, Inc., Manna Organics LLC, Nature’s Bakery Cooperative, Alvarado Street Bakery, Grupo Bimbo, AB de CV, Finsbury Food Group Plc, Honeyrose Bakery Ltd., and United States bakery.
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COVID-19 impact assessment
COVID-19 has had a significant impact on the bakery products market. Many bakers have had to close their businesses during the height of the pandemic due to insufficient sales of baked goods and a shortage of workers. At the same time, disruptions to logistics facilities due to the foreclosure affected the supply chain, resulting in the unavailability of products according to the needs of consumers, ultimately affecting the growth of the market. In addition, the inaccessibility of raw materials hampered production in this market during containment. Small bakers in the unorganized sector were the most affected by all these constraints.
On the other hand, baked goods (especially bread) have been a staple food for people around the world for centuries. Convenience, accessibility and the nutritional profile associated with them are the main factors that have supported these products in the modern market. Bakery products are included in the daily diet of people not only in developed economies but also in underdeveloped or developing economies. All of these factors have contributed to the growth of this market even during the foreclosure, and they are expected to drive the growth of this market.
Main impact factors
Figures released by the World Bank reveal that around 151 million children under 5 suffer from chronic malnutrition. In addition, nearly 2 billion people around the world are deficient in micronutrients essential to be productive and ward off disease. This would require increasing agricultural productivity, which will be one of the main trends in the organic bakery products market.
Development of revolutionary technologies The agricultural sector is undergoing rapid transformation due to the introduction of new generation technologies. For example, governments and academic institutions are increasingly investing in the development of genome editing tools such as CRISPR to build resistance to crop pests and increase their ability to create food. Other advanced technologies such as blockchain, AI, and IoT are also improving the potential of the organic bakery market in the years to come.
Rising demand for ready-to-eat food products
The increase in consumer preference for ready-to-eat food products indirectly encourages the demand for frozen bakery products as they require less time and effort. The processed food market is driven by the increased need for convenience due to the busy lifestyles of customers. This, in turn, has led to an increase in demand for frozen bakery products. In addition, the strong growth of the frozen food industry due to the rapid growth of urban households in developing countries is expected to stimulate the demand for frozen bakery products. Rising per capita income and increasing tendency to snack between meals are the key factors driving the demand for frozen baked goods. The development of retail channels in the form of supermarkets, hypermarkets, convenience stores and specialty stores has encouraged market growth.
Frozen baked goods do not involve baking and therefore require less labor. Therefore, various bakers now prefer to keep frozen baked and pre-baked products in their in-store bakeries.
Increased demand for food products without food products
Gluten-free food products (especially gluten-free products) are not only consumed by people with celiac disease, but also by the general health-conscious population. The demand for gluten-free products stems from the belief that gluten-free and sugar-free edibles help people overcome problems associated with bloating, indigestion, obesity, and diabetes. Thus, baked goods, which claim to be fat-free, sugar-free, gluten-free, whole-wheat-free, and salt-free, are gaining popularity among the category of health-conscious consumers.
In addition, according to the UK Agriculture and Horticulture Development Board, the market for non-food products is expected to grow by an average of 10% per year over the next three years, and the share of baked goods and cookies in the food category is about 35%. This, in turn, indicates a lucrative market opportunity for free baked goods.
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Key segments covered
type of product
Unsalted Cracker Cookies
Biscuits with savory biscuits
Cakes & Pastries
Pies & pies
At the store
Supermarkets / Hypermarkets
Low in calories
The rest of europe
Rest of Asia-Pacific
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