Report Code: A08800 | Pages: NA | Mar 2023 | 3044 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Bread Market
Request Now !Bread is a staple food prepared from a dough of flour and water, usually by baking. It has been a prominent food in huge parts of the world. It is one of the oldest man-made foods, having been of significant importance since the dawn of agriculture, and plays an essential part in religious ceremonies and common culture.It is a regular and common food item in the household and restaurants, it is used to make various recipes and substance food items. The demand for bread is expected to grow owing to urbanization and an increase in disposable income of the consumers during the forecast period.
The COVID-19 outbreak has caused a decline in the growth of the global industries creating a mass disruption for buyers as well as sellers. Markets and production units have been shutdown globally which has stopped the production, sale, and marketing of the product. This has also offered an opportunity for the companies to look after their supply chain relationship and business models for the future.
The global bread market trends are as follows:
The cake and bakeries segment is the fastest-growing segment in the bread market. This is because cake products are highly customized and rich in terms of cream, taste, flavor, and nutrition. The segment is experiencing growth because of the demand for cakes and pastries in parties, birthday celebrations, and other events.Cake is a common item for celebration and is an eatable desert. This following trend leads to market growth in the bread market during the forecast period.
The cake and pastries are generally higher in cost than normal pieces of bread produced in the industries on in-store bakeries, but the wide accessibility of choices, customization, and broadened options intrigue the customers to make a purchase, eventually fueling the revenue for the segment and the industry. The key market players offer to deliver the new baked customized cakes and this drives the growth of the bread market during the forecast period.
Key Benefits of the Report:
Questions Answered in BreadMarket Research Report:
Bread Market Report Highlights
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Key Market Players | Maple Leaf Foods, George Weston, Hostess Brands, Fuji Baking Group, Angel Bakeries, Bakkersland, Hindustan Unilever Limited (HUL), Canada Bread, Brace's Bakery, Finsbury Food Group, Grupo Bimbo, Associated British Foods, Lieke, Panera Bread, Britannia, Yamazaki Baking, Bakers Delight, Flowers Foods. |
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