Report Code: A11677 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Bakery Products Market
Request Now !Baking is referred to be the oldest form of cooking. Baking is the transformation of dough that is made of flour, milk, and other ingredients such as egg, sugar, fats, and other additives in food with unique taste and odor. The bakery products have an extensive portfolio, including bread, cookies, rolls, cakes, biscuits, cupcakes, tarts, pies, sweet rolls, doughnuts, coffeecakes, and refrigerated bakery products. A typical bread is an everyday staple and a source of vital nutrients, made domestically or commercially since prehistoric times.Cheesecakes and brownies are one of the most popular and widely produced bakery products. Biscuit is also a popular category of bakery products. Baking methods have undergone a massive transformation with the advent of technology, with modern methods taking over the traditional baking methods.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
Rise in demand for convenience food products
The increase in consumer preference for convenience food products indirectly encourages the demand for frozen bakery products as they require less time and effort. The processed food market is driven by the increase in the need for convenience due to the busy customer lifestyles. This, in turn, has led to an increase in demand for frozen bakery products. In addition, the high growth of the frozen food industry due to the fast-growing urban households of developing countries is projected to drive the demand for frozen bakery products. The rise in per capita income and the increase in the trend of snacking between meals are the key factors encouraging the demand for frozen bakery products. The development of retail channels in the form of supermarkets, hypermarkets, convenience stores, and specialty stores has encouraged the growth of the market.
Frozen bakery products do not involve scratch baking and thus require less labour. Therefore, various bakers now prefer keeping frozen baked and parbaked items in their in-store bakeries.
Surge in Demand for Free-from Food Products
Free-from food products (particularly gluten-free products) are not only consumed by people with celiac disease, but also by the general health-conscious population. The demand for gluten-free products arises out of the belief that gluten-free and sugar-free edibles help people overcome problems related to bloating, indigestion, obesity, and diabetes. Thus, bakery products, which claim to be fat-free, sugar-free, gluten-free, whole wheat, and salt-free are gaining popularity among the health-conscious consumer category.
Moreover, according to the Agriculture and Horticulture Development Board, United Kingdom, the free-from food market is expected to record an average growth of 10% every year for the next three years, and the share of bakery products and cookies in the free-from food category is around 35%. This, in turn, is indicating a lucrative market opportunity for free-from bakery products.
Key Benefits of the Report
Questions answered in the Report
Bakery Products Market Report Highlights
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Key Market Players | Alvarado Street Bakery, Manna Organics LLC, Toufayan Bakery, Inc, Nature’s Bakery Cooperative, The Hain Celestial Group, Inc, Finsbury Food Group Plc, Grupo Bimbo,A.B. de C.V., Flower Foods, Inc., United States Bakery., Honeyrose Bakery Ltd. |
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