Following
the economic recession in 2008, the global bread and baked food
market has exhibited impressive recovery in the recent past.
Affordability, health benefits, and convenience offered by bread and
baked food products have helped the market register robust growth in
the last couple of years. Also, with increasing health consciousness
among the present generation, the demand for healthier and
nutritional fortified bread has increased, which has correspondingly
boosted the global bread and baked food market.
The
market for bread is broadly segmented into brown bread and white
bread. The market for baked food can be categorized in terms of
products such as scones, pastries, cookies, biscuits, and others. The
market for pastries and other baked food product is typically driven
by rapidly evolving lifestyles and increasing demand for comfort
food. Based on geography, the global bread and baked food market can
be segregated into APAC, Europe, North America, and Rest of the
World. Among the key geographical markets, Asia Pacific demonstrates
maximum growth opportunities for the bread and baked food products
market.
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The
report presents an analytical overview of the global bread and baked
food market. Evaluating information, statistics, and data sourced
through primary and secondary research methods, the report conceives
the potential growth trajectory of the market. To study the influence
of prevailing market forces and competitiveness, the report
investigates how companies operating in the industry attempt to
achieve market equilibrium. To examine the competitive landscape of
the market, leading vendors in the global bread and baked food market
are also profiled in the report.
Overview
of the Bread and Baked Food Market
Demonstrating
exponential growth during 2013-2019, the global bread and baked food
market is expected to reach US$310 billion before 2016. Accelerating
demand for food products such as pies, pastries, cakes, scones,
biscuits, cereals, and bread in North America and Western Europe will
propel the global bread and baked food product market.
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The
evolving nature of consumer preference has prompted leading vendors
to invest substantially in product innovation. To gratify the
ever-changing taste palette of the consumers without making them
compromise on the health quotient, leading vendors have introduced
innovative products and ingredients. The market also has impressive
prospects in the emerging markets of the Middle East and Africa,
Latin America, and Asia Pacific. The aforementioned factors boost
growth and acceptance of bread and baked food products around the
world.
Rapid
change in consumer preference is observed in most parts of the world.
The hectic modern lifestyle has influenced people to gradually shift
to consuming healthy baked products. While the
scenario
has spurred market opportunities for bread and baked food products,
it has also created substantial growth prospects for cornflakes and
cereals, which are the major substitutes to the former.
Companies
mentioned in the research report
To
evaluate the prevailing competitive landscape of the market, the
report has profiled the leading players. Some of the companies
profiled in the report are Grupo Bimbo, Nestle Chile¸ Britannia
Industries Ltd, and others.
Major
regions analyzed under this research report are:
- Europe
- North America
- Asia Pacific
- Rest of the World
This
report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key
highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Read
More Reports on Food & Beverages Markets:
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