Bakery products are wheat-based foods, prepared by using dry heat in an oven, hot ashes or hot stones. Some of the most widely consumed bakery products include bread, cookies, biscuits, rolls, cakes, cupcakes, pies, tarts, sweet rolls, coffeecakes, doughnuts, etc. A latest report by IMARC Group titled, “Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” has conducted a thorough analysis of the global bakery products market and bifurcated it into two of the most commercial bakery products - bread market and biscuit market. Bread is a universal fast moving consumer good (FMCG) used for mass consumption on a daily basis. As a result of high demand, affordability and wide availability, the sales volume of bread reached more than 130 Million Tons in 2016, growing at a CAGR of around 1.3%. Manufacturers are introducing newer varieties of breads to capture the emerging markets such as breads with rye, nuts, dried fruits and vegetables; flavoured breads; breads in different shapes such as loaves, slices, rolls, etc. This is expected to result in an increase in the sales of bread, reaching a volume of around 150 Million Tons by 2022.
Biscuits, on the other hand, represent the second most preferred food item in the market. The market recorded a volume of around 12 Million Tons in 2016, growing at a CAGR of almost 3% during 2009-2016. Nowadays, biscuits such as whole-wheat, multi-grain, high-fibre and diabetic-friendly are being introduced in the market, especially in the urban regions which has emerged as the primary factor for the growth of the market. Apart from this, large-scale manufacturing, easy availability of raw material, growth prospects for investments, creativity in designing of bakery products and innovation in packaging are also contributing the growth of the market. As a result, the sales volume of the biscuit market is expected to reach almost 15 Million Tons by 2022.
The report has analysed the market on a regional basis and covers Asia-Pacific, Europe, North America and middle East & Africa. The major players operative in the market include Grupo Bimbo, Finsbury Food Group, Flower Foods, Hostess Brands, McKee Foods and Yamazaki Baking. The report also provides a techno-commercial roadmap for setting up a bakery products manufacturing plant. The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the bakery products industry. This ranges from macro overview of the market to micro details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the bakery products industry in any manner.
Key Aspects Analysed:
- Trends and dynamics in the bakery products market.
- Major product types/sub-types and their current and future market potential.
- Key drivers/restraints and their impact on the current and future market scenario.
- Examination of the competitive landscape.
Types of Products Covered in This Report:
- Bread and rolls
- Cakes and pastries
Major Regions Covered in This Report:
- North America
- Middle East and Africa
Focus of the Analysis for Each Segment and Sub-segment:
- Historical and current market scenario
- Market trends
- Market forecast