Bread Market Forecast and CAGR
According to latest research by Fact.MR., bread market is set to witness steady growth during 2021-2031. Demand for bread will witness steady recovery in short-term, with optimistic growth outlook in the long-run. It is expected that this market grows with significant CAGR.
What is Driving Demand for Bread?
Changing habits of consumers towards consumption of food, busy lifestyle, aiming to get healthy lifestyle & wellness, increasing disposable income of millennials are some major factors which have changed the eating lifestyle of consumers and shift it towards bakery food products & baked convenience food products. Frozen dough is the new attraction of consumers which has triggered the global market.
It is made up of low-carb content, high-fiber, multi-vitamins, fortified, high antioxidant content, Omega3 and are the main attraction of the health-conscious consumers which is expected to drive the market growth.
Rising demand for clean label, gluten-free and baked from sodium-reduced flour product has triggered the global market. There is a high demand for bread which is made from the ingredients like whole wheat, multi-gains, etc. Moreover, salt-free, gluten-free bread & trans-fat free bread are the main attraction of consumers.
Shelf life & Various Production Technics Likely to Augment Bread Sales
Less shelf time of this products was the major problem that was being faced by consumers as well as manufacturers. To improve shelf life, to make better protein network in dough, to give better texture and crumb structure, to give more strength to dough various enzymes are being used.
Nowadays, Manufactures provide products having long shelf life, frozen dough, packaged and half backed products which have increased the popularity and sales. It has been observed that to meet the high demand of the various types of breads, to decrease the wastage of these products key players have made change in the traditional way of making breads and have started adopting new technics which ensure the long shelf life of breads to increase the sales of bread.
Due to COVID-19 outbreak manufacturing industries, market had to shut down the production, sales of products, etc. The global food and beverage industry is one of the most important industries which plays important role to the global economy, which has also been affected by COVID 19 crisis. It is the most consuming food product in the world wide, it is expected that this market has experienced moderate level crisis.
US and Canada Bread Market Outlook
US is the 2nd largest producer and consumer of the bread products. Variety of confectionary and conventional food products, more than 15+ types of breads due to wide applications of these products has increased the demand and consumption in US and Canada. Organic, gluten-free and healthy products are the main factor which drives this industry in the North America region.
It is the staple diet which has been used as a local cuisine. Some factors affecting the American bread market because high cost of raw material leads to high cost of final products, rising costs of transportation, energy and lower margins profits by plant bakers. Increasing number of aging people in the US & Canada demands for healthier bread products containing whole grain, fibre and omega 3 that drives this market.
Busy life style, trend of consumption of more convenience food, ready to meal products, healthy lifestyle has increased the demand for baked bread products in countries like US & Canada.
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Europe Demand Outlook for Bread
It is the daily diet of the consumers of the European countries. It is expected that Europe is the largest producer and consumer of this market globally. Report from the ‘federation of bankers Ltd’ on the topic of European bread market indicates that around 32 million tons of breads have been consumed in the EU 27 countries. Increasing trend of frozen dough has affected the global bread market because it is the alternative backed food product of the bread.
The European countries like UK, France, Spain, Italy, and Germany are the major contributors to the bread market where people mostly eat sandwiches, buns and burgers, etc. Key manufacturers of EU are focusing on developing innovative products that meet consumer preferences for non-GMO, gluten-free, and low-carb bakery products.
The European bakery market is well established in terms of the supply chain, consumer preferences and distribution channels. New product development & Innovations are observed in the indulgence-categories such cakes, pastries, cookies, etc. German bakers provide 300+ bread products in Europe.
Who are the Key Manufacturers and Suppliers of Bread?
Some of the leading manufacturers and suppliers of this markets are
- Panera Bread
- Hindustan Unilever Limited
- George Weston
- Maple Leaf Foods
- Angel Bakeries
- Finsbury Food Group
- Associated British Foods
- Premier Foods Group Limited
- Hostess Brands
- Yamazaki Baking
- Flowers Foods
- Britannia Industries Ltd.
- Canada Bread
- Brace's Bakery
- Grupo Bimbo
- Bakers Delight
- Fuji Baking Group
- Bonn Nutrients Private Limited
- Harvest Gold Industries Pvt. Ltd.
- Modern Food Industries
- Kitty Industries Pvt. Ltd.
- Perfect Bread Group of Companies
In the metropolises, increasing demand of different types of bread products, rising tendency of healthy diet has increased the competition between the manufacturers.
An Adaptive Approach to Modern-day Research Needs
Bread Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
By Raw Material
- Whole wheat
By Product Type
- White Bread
- Brown Bread
- Fruit Bread
- zucchini bread
- Banana bread
By End-use Industry
- Food & beverages industry
- Bakery products
- Cake, pastries
- Convenience Food
- Food Service Industry
- Retail/ Household
By distribution Channel
- Business to Business
- Business to Consumer
- Hypermarkets / Supermarket
- Specialty Stores
- Convenience Stores
- Online Retail
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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