Selbyville, Delaware, Nov. 15, 2023 (GLOBE NEWSWIRE) --
The bakery products market valuation is predicted to cross USD 356 billion by 2032, as reported in a research study by Global Market Insights Inc.
The increasing health-consciousness among consumers is primarily driving the industry. As individuals strive for healthier lifestyles, the demand for whole-grain and low-sugar options has soared. Bakeries are innovating to meet this demand, creating a plethora of nutritious options while preserving the irresistible taste that defines bakery products.
Also, in today's fast-paced world, convenience is paramount. The convenient, grab-and-go nature of many of bakery products, from breakfast pastries to artisanal sandwiches, cater to busy lifestyles, making them an ideal choice for consumers seeking quick, delicious, and satisfying meals.
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The bakery products market from the bread and rolls segment is slated to witness steady demand through 2032, as it is a staple food option. Whether it's the comforting aroma of freshly baked bread or the versatility of rolls in countless culinary applications, these products a part of everyday life. The timeless appeal of bread and rolls lies in their ability to complement a diverse range of dishes, from classic sandwiches to gourmet burgers. Moreover, the evolving consumer preferences have encouraged the bakers and manufacturers to offer gluten-free, whole-grain, and artisanal varieties.
The organic bakery products market segment will gain significant traction from 2023 to 2032, in response to growing demand for healthier and eco-conscious choices among consumers. These products offer a unique combination of flavors, free from harmful chemicals and pesticides. The emphasis on natural and organic ingredients appeals to consumers who are increasingly mindful of what goes into their food. Organic bakery products, from sourdough bread to artisanal pastries, not only deliver exceptional taste but also align with sustainability and well-being.
Asia Pacific bakery products market will expand at a notable pace between 2023 and 2032. With a burgeoning population and evolving consumer preferences, this region has become a hotbed of opportunities for the bakers and bakery product manufacturers. The rising disposable incomes and urbanization will further boost the demand. The coexistence of traditional Asian baked goods with Western-style pastries, creating a delightful fusion of flavors and textures, attract consumers to purchase more. With a diverse range of offerings, catering to a vast and varied consumer base, the APAC market will continue to grow over the coming years.
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Some of the leading companies involved in the bakery products market are Grupo Bimbo, Mondelez International, Nestlé, Aryzta, Hostess Brands, Finsbury Food Group, Associated British Foods, General Mills, Kellogg Company, Conagra Brands, Campbell Soup Company and Lantmannen Unibake.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Bakery products industry 3600 synopsis, 2018 – 2032
2.2 Business trends
2.3 Product type trends
2.4 Specialty type trends
2.5 Distribution channel trends
2.6 Regional trends
Chapter 3 Bakery Products Market Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Shifting consumer preferences towards healthier options
3.2.1.2 Rising demand for convenience and on-the-go consumption
3.2.1.3 Growth of online retail and direct-to-consumer channels
3.2.2 Industry pitfalls & challenges
3.2.2.1 Intense market competition
3.2.2.2 Fluctuations in raw material costs
3.2.2.3 Stringent regulatory compliance and quality assurance challenges
3.3 Growth potential analysis
3.3.1 By product type
3.3.2 By specialty type
3.3.3 By distribution channel
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Reimbursement scenario
3.8 Technology landscape
3.9 Future market trends
3.10 GAP analysis
3.11 Porter's analysis
3.12 PESTEL analysis
3.13 Impact of Russia Ukraine war
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
