GCC Bakery Products Market to Reach US$ 14.6 Billion by 2032, Fostered by Increasing Consumption of Fast Food Items

According to the latest report by IMARC Group, titled "GCC Bakery Products Market Report by Product Type (Bread and Rolls, Cakes & Pastries, Biscuits, and Others), Bakery Type (Artisanal Bakeries, In-Store Bakeries, and Others), Source (Whole Wheat Flour, Multi Grain Flour, and Others), Form (Fresh, Frozen), Nature (Conventional, Organic), Distribution Channel (Convenience Stores, Supermarkets and Hypermarkets, Independent Retailers, Online Stores, and Others), and Country 2024-2032," the GCC bakery products market size reached US$ 8.5 Billion in 2023. Bakery products comprise bread, pastries, cakes, cookies, pies, muffins, croissants, bagels, donuts, pretzels, and biscuits. They are made using ingredients, such as flour, water, yeast, eggs, milk, sugar, salt, emulsifiers, flavorings, and preservatives. They have a sweet or savory taste and fluffy texture and are easy to consume and store for a long period. They are generally enjoyed as a snack or dessert, especially on special occasions like birthdays, weddings, and holidays. 

GCC Bakery Products Market Trends:

The increasing consumption of fast food items and convenient snacking options on account of busy lifestyles and the rising working population represents one of the major factors driving the demand for bakery products in the GCC region. Moreover, the growing health consciousness among individuals is resulting in an increasing inclination towards high fiber, premium quality bakery products that are made without preservatives and artificial colors or flavors. In addition, product manufacturers operating in the region are introducing vegan and organic variants made with low-calorie and multigrain ingredients to expand their consumer base and gain a competitive advantage. Apart from this, the rising awareness about the adverse health effects of synthetic additives in conventional bakery items is catalyzing the adoption of bakery products with clean labels. Furthermore, the growing adoption of a low-fat diet due to the surging prevalence of heart diseases, obesity, and other lifestyle and chronic medical conditions is creating a positive outlook for the market in the region. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 14.6 Billion by 2032, exhibiting a CAGR of 6.07% during 2024-2032.

Market Summary:

• On the basis of the product type, the market has been segmented into bread and rolls (loaves, baguettes, rolls, burger buns, sandwich slices, ciabatta, frozen bread, and others); cake and pastries (cupcakes, dessert cakes, sponge cakes, and pastries); biscuits (cookies, cream biscuits, glucose biscuits, marie biscuits, non-salt cracker biscuits, milk biscuits, and others); and others. Presently, bread and rolls (loaves, baguettes, rolls, burger buns, sandwich slices, ciabatta, frozen bread, and others) hold the largest market share.
• Based on the bakery type, the market has been classified into artisanal, in-store and other bakeries. 
• On the basis of the source, the market has been categorized into whole wheat flour, multi grain flour, and others.
• Based on the form, fresh represents the largest segment, followed by the frozen.
• On the basis of the nature, organic currently represents the biggest market segment, followed by the conventional.
• Based on the distribution channel, the market has been classified into convenience stores, supermarkets and hypermarkets, independent retailers, online stores, and others. Supermarkets and hypermarkets exhibit a clear dominance in the market.
• Country-wise, the market has been divided into Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain.
• The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Agthia Group, Al Jadeed Bakery, Aryzta AG, Dawn Food Products, Inc., DoFreeze LLC, General Mills Inc., Kellogg Company, Modern Bakery LLC, Mondelez International, Sunbulah Group, and Switz Group.

Report Scope:
 

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