According to the latest report by IMARC Group, titled “Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global bakery products market reached a value of US$ 455.2 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.3% during 2021-2026.
We
are regularly tracking the direct effect of COVID-19 on the market, along with
the indirect influence of associated industries. These observations will be
integrated into the report.
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Bakery
products include a variety of baked goods that are prepared in an oven. Some of
the most common grain-based baked products include cakes, bread, pies, donuts,
cookies and pastries. They are generally characterized by a sweet or savory
taste and fluffy texture. They are prepared using numerous ingredients, such as
grain-based flour, water, salt, sugar, flavoring agents and leavening agents.
They are easy to consume and convenient to store for an extended period of
time. As a result, they are widely gaining prominence among consumers across
the globe.
Global
Bakery Products Market Trends:
The
market is primarily driven by the escalating sales of convenience foods across
the globe. With the inflating disposable income levels of the masses and their
shifting dietary preferences, there has been a significant rise in the demand
for processed and packaged baked foods, which is providing a thrust to the
market growth. Moreover, there has been a growing preference towards the
adoption of clean label and organic baked goods among consumers. Coupled with
the easy availability of vegan and fortified bakery products across numerous
online and offline organized retail channels, this is creating a positive
outlook for the market. This is further supported by the growing health
consciousness among the masses who are incorporating foods with low trans-fat
content in their regular diets. Apart from this, the increasing deployment of
robotics technology with the bakery processing equipment and significant growth
in the food and beverages sector across the globe are also contributing to the
market growth. On account of the aforementioned factors, the market is
anticipated to grow at a CAGR of 4.3% during 2021-2026.
Bakery Products Market 2021-2026 Competitive Analysis and
Segmentation:
Competitive Landscape With Key Players:
The competitive
landscape of the global bakery products market has been studied in the report
with the detailed profiles of the key players operating in the market.
Key Market
Segmentation:
The report has segmented the global bakery products
market on the basis of product type, distribution channel, and region.
Breakup by Product Type:
·
Biscuits
·
Bread and Rolls
·
Cakes and
Pastries
·
Rusks
Breakup by Distribution Channel:
·
Convenience
Stores
·
Supermarkets and
Hypermarkets
·
Independent
Retailers
·
Artisanal
Bakeries
·
Online Stores
·
Others
Breakup by Regions:
·
Asia-Pacific
·
Europe
·
North America
·
Middle East &
Africa
·
Latin
America
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/bakery-products-market
Key highlights of the report:
- Market
Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive
landscape
If you need
specific information that is not currently within the scope of the report, we
will provide it to you as a part of the customization.
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About Us
IMARC
Group is a leading market research company that offers management strategy and
market research worldwide. We partner with clients in all sectors and regions
to identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
IMARC’s
information products include major market, scientific, economic and
technological developments for business leaders in pharmaceutical, industrial,
and high technology organizations. Market forecasts and industry analysis for
biotechnology, advanced materials, pharmaceuticals, food and beverage, travel
and tourism, nanotechnology and novel processing methods are at the top of the
company’s expertise.
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