烘焙產品的全球市場 - 成長，趨勢，預測(2019年∼2024年)
Bakery Products Market - Growth, Trends and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||389894|
|出版日期||內容資訊||英文 100 Pages
|烘焙產品的全球市場 - 成長，趨勢，預測(2019年∼2024年) Bakery Products Market - Growth, Trends and Forecast (2020 - 2025)|
|出版日期: 2020年01月01日||內容資訊: 英文 100 Pages||
Global bakery products market is forecasted to reach USD 543.9 billion by 2024 growing at a CAGR of 2.6% during the forecast period (2019 - 2024).
The bakery products market majorly covers the products such as cakes, biscuits, bread, pastries, morning goods and their sales through hypermarkets/ supermarkets, convenience stores, departmental stores, online retailing, other distribution channels. The study also offers market analysis at a global level.
Bread Remains the Mainstay in the Bakery Industry
Bread shares the major market share in bakery products industry. However, its market dominance has been challenged by other bakery products, including pastries and especially doughnuts, that has enjoyed rapid growth in recent years and are expected to continue expanding in the coming years. The main driver for the growth in the bread segment is the increase in demand for bread containing whole grain, high in fiber, gluten-free, or healthy and fortified bread. Items such as these are becoming increasingly popular with consumers, due to the enhanced uptake of the healthy lifestyle concept. In the developed countries, competition is uneven, due to product diversity and a large number of informal channels that produce bread.
Europe Dominates the Global Bakery Products Market
Europe accounts for the largest revenue share in the bakery products market. The developed markets of Western Europe in bakery products are matured and saturated compared to emerging markets of Eastern Europe, which are driving the sales of biscuits and bread, in particular, owing to the high demand for convenient food products. The European bakery markets are well-established in terms of the supply chain, product array, distribution channels, and consumer preferences. Innovations and new product development are increasingly observed in the indulgence-categories, like cakes, pastries, and cookies. The traditional morning goods in Europe are witnessing the rise of gluten-free, whole grain, an ancient grain, and additive free products, which have the potential of higher sales, with the growing demand for instant and nutritious baked products.
The global bakery product market is highly fragmented, particularly with the significant presence of numerous global and regional players. The market share analysis does not account for revenue from artisan bakeries, but the revenue for retail channels and food services. Kellogg Co., Mondelez International, and Grupo Bimbo are some leading players in the global bakery product market. The strategy for expansion and partnership agreement has been the crucial strategy behind the development of Mondelez International and McDonalds Corporation in the global market scenario.