Following the economic recession in 2008, the global bread and baked food market has exhibited impressive recovery in the recent past. Affordability, health benefits, and convenience offered by bread and baked food products have helped the market register robust growth in the last couple of years. Also, with increasing health consciousness among the present generation, the demand for healthier and nutritional fortified bread has increased, which has correspondingly boosted the global bread and baked food market.
The market for bread is broadly segmented into brown bread and white bread. The market for baked food can be categorized in terms of products such as scones, pastries, cookies, biscuits, and others. The market for pastries and other baked food product is typically driven by rapidly evolving lifestyles and increasing demand for comfort food. Based on geography, the global bread and baked food market can be segregated into APAC, Europe, North America, and Rest of the World. Among the key geographical markets, Asia Pacific demonstrates maximum growth opportunities for the bread and baked food products market.
The report presents an analytical overview of the global bread and baked food market. Evaluating information, statistics, and data sourced through primary and secondary research methods, the report conceives the potential growth trajectory of the market. To study the influence of prevailing market forces and competitiveness, the report investigates how companies operating in the industry attempt to achieve market equilibrium. To examine the competitive landscape of the market, leading vendors in the global bread and baked food market are also profiled in the report.
Overview of the Bread and Baked Food Market
Demonstrating exponential growth during 2013-2019, the global bread and baked food market is expected to reach US$310 billion before 2016. Accelerating demand for food products such as pies, pastries, cakes, scones, biscuits, cereals, and bread in North America and Western Europe will propel the global bread and baked food product market.
The evolving nature of consumer preference has prompted leading vendors to invest substantially in product innovation. To gratify the ever-changing taste palette of the consumers without making them compromise on the health quotient, leading vendors have introduced innovative products and ingredients. The market also has impressive prospects in the emerging markets of the Middle East and Africa, Latin America, and Asia Pacific. The aforementioned factors boost growth and acceptance of bread and baked food products around the world.
Rapid change in consumer preference is observed in most parts of the world. The hectic modern lifestyle has influenced people to gradually shift to consuming healthy baked products. While the scenario has spurred market opportunities for bread and baked food products, it has also created substantial growth prospects for cornflakes and cereals, which are the major substitutes to the former.
Companies mentioned in the research report
To evaluate the prevailing competitive landscape of the market, the report has profiled the leading players. Some of the companies profiled in the report are Grupo Bimbo, Nestle Chile¸ Britannia Industries Ltd, and others.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments