Low Fat Baked Goods: Market Outlook
Improving the living standards of the people around the globe has contributed to major changes in their eating habits and lifestyles. As a result, they now prefer ready-to-eat low-fat baked goods.
This also prompted leading manufacturers to launch bakery products containing whole wheat or multi-grain with a low trans-fat content. This has increased the demand for low-fat baked goods, particularly among health-conscious consumers.
Increasing awareness of the health issues associated with the ingredients used in baked goods is pushing the market further. Consumers are increasingly aware that they eat healthy baked goods, which are preferably low-fat, gluten-free, high in fiber, and low in calorie content.
The growth of online baked goods sales has given a significant rise to the growth of the industry. Increasing demand for diversified products, such as low-fat organic and gluten-free baked goods is anticipated to fuel market growth
With increasing urbanization and growing demand for baked food products, the market for bakery products has increased. Many low-fat baked goods are rich in nuts and fruits, which increase their energy content and nutritional value.
In addition, advances in food manufacturing technology have allowed manufacturers to launch innovative products with improved taste, attractiveness and nutritional value, which are expected to help the growth of the demand for low-fat baked goods.
The growing consumption of processed goods and the move towards convenience food products are contributing to the growth of the global industry.
Increased demand for frozen low-fat baked goods, due to their long shelf life and convenience, promotes the market for low-fat baked goods. Consumers are now experimenting with different tastes, goods, and flavors, stimulating the growth of the market.
Increased Demand for Clean Label and Functional Food Products during the Covid 19 Outbreak
There has been an increase in demand for clean label food products and functional food items as customers are stuck at home due to Covid-19's lockdown. As a result of the Covid-19 lockdown, individuals craving for low-fat baked goods, which is also one factor in fueling demand for low-fat baked goods across the global market.
Baked goods, a staple food that makes up a substantial part of the daily diet, catered to more realistic needs. New low-fat, multi-grain, and high-fiber goods that cater to healthier consumers have fueled market growth.
Growing problems with obesity, cardiovascular disease, and diabetes have created demand for low-fat baked goods over the last decade, which in turn is expected to fuel market demand.
Increased acceptance of low-fat baked goods in various diets such as keto diet, paleo diet, flexitarian diet, and others boosting the growth of the global low-fat baked goods market.
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Low-fat Baked Goods Market: Key Players
Some of the prominent players operating in the global low-fat baked goods market includes
- General Mills Inc.
- Associated British Foods
- Dr. August Oetker Nahrungsmittel KG
- Grupo Bimbo
- Flowers Foods Inc.
- Gruma S.A.B. de C.V.
Low-Fat Baked Goods Market: Regional Analysis
Europe holds the significant share of sales in the market for low-fat baked goods. The established markets of European countries for low-fat baked goods are saturated and mature compared to the developing markets of other regions, which are driving the demand of various baked goods such as, biscuits, breads and pastries in particular, due to the high demand for convenient food products.
The Low-fat baked goods market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the Low-fat baked goods market, including but not limited to: regional markets, product type, nature and distribution channel.
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The Study is a Source of Reliable Data on:
- Low-fat baked goods market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The Regional Analysis Covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The Low-fat baked goods market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Low-fat baked goods market report projects the attractiveness of each major segment over the forecast period.
An Adaptive Approach to Modern-day Research Needs
Highlights of the Low-Fat Baked Goods Market Report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the Low-fat baked goods market
- Recommendations to companies for strengthening their foothold in the Low-fat baked goods market
Low-Fat Baked Goods: Market Segmentation
On the basis of product type, the global low-fat baked goods market can be segmented as:
- Breads & Rolls
- Glucose Biscuits
- Milk Biscuits
- Cakes & Pastries
On the basis of nature, the global low-fat baked goods market can be segmented as:
On the basis of distribution channel, the global low-fat baked goods market can be segmented as:
- Convenience Stores
- Specialty Stores
- Online Retailing Stores
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.
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