The
worldwide bakery product is presently undergoing opportunities as well as
challenges owing to the economic crisis.
The still volatile financial scenario is changing the way several bakers
approach their businesses. However, the
bakery product market in Europe is undergoing a decline in traditional sector.
Although,
the decreasing demand is compensated by
increasing purchase of
on-the-go breads, bite-sized sweet goods, between-meal snacks and such
other products. The augmentation in
several on-the-go bakery product introductions and new flavors will impact the
market growth over the forecast period.
The bakers
have introduced breads and biscuits, organic baked goods, breakfast cereals
enriched with and portable packaging. Regardless of disadvantage of management
and ownership of inventory, private label products expanded substantial
significance in retailing approach of savory snacks.
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Many firms
eliminated artificial flavors and preservatives in their products in a bid for
image changeovers as makers of natural and healthier bakery products. Around 35% of the total cereal product
launched in the year 2009 claimed to be efficient cereal with health gains.
The UK
region has experienced increase in number of bakery business in the past after
undergoing recession of breakfast product in the region. In addition, bakery industry in the U.S
continued unaffected by economic crisis.
Based on
geography, Europe driven by Sweden, Germany, Finland, France, Spain and other
constitutes the major regional market. In addition, Latin America and United
States trail behind the next key market
in terms of total size.
Although,
Asia Pacific region is projected to lead the market with the mounting CAGR of
over 5.0% through 2015. Bread/Rolls
segment represents the biggest and the
most trendy bakery product. Moreover, morning goods segment is expected to
emerge as the rapid growing segment over the forecast period.
Key
participants operating in the worldwide bakery product market are McDonalds’s
Corporation, Hostess Brands, Parle Products Pvt. Ltd, George Weston Foods Ltd,
Riviana Foods Inc, Britannia Industries Ltd, Kellogg Company and Nestle Chile.
The latest
market data for this research include:
- Overall
bakery product market size, 2008-2019
- Bakery
product market size by product segment, 2008-2019
- Growth
rates of the overall bakery product market and different product segments,
2008-2019
- Shares
of different product segments of the overall bakery product market, 2008, 2014
and 2019
- Market
Potential Rates of the overall bakery product market and different product
segments
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