Market Overview
There has been a significant increase in the bakery sector not just in developed but also in emerging countries which is one of the factors for the growth of the market. Also, the increased demand of the consumer for organic food items especially among health-conscious customers turned out to be the best reason for the bakery products market. Besides, the increased per capita disposable income and changing living habits with the increased health concerns are further contributing to the products of the organic bakery market growth. The high value of the organic food items however seems to have a major stumbling block across the world for organic bakery products and also the expansion of the market. Besides, the operators of the market are now facing many challenges because of its expansion which also includes the unpredictable raw material value and other organic certificate ion requirements before the organic baked goods commercialization. The demand from the consumer for organic bakery products seems to have driven the process to create new organic bakery products with a better flavour and taste that uses cutting-edge technology and also the process. The manufacturer is also coming up with better ways to extend the shelf life of the product. Because of the regular product advancement and also the new flavoured baked items launch, the industry is likely to offer profitable prospects for the vendors in the forecast timeline.
As per the research made, it has been found that the market for organic bakery products market is showing a potential growth of around USD 114.70 billion by the forecast timeline of 2027 at a 6.50% CAGR.
The covid 19 impact affected the whole nation across the world. Because of the shortfall of insufficient sales for bread products during the pandemic peak, there had been many bakeries compelled to close their doors. But the bakery products are consumed on regular basis not just in the industrialized nation but also in underdeveloped and developing ones. All of such elements have resulted in the growth of the market in the lockdown phase and are likely to grow in the forecast timeline.
Market Segmentation
As per the type
- Savory Snacks
- Cookies and Biscuits
- Bread and Rolls
- Cakes and Pastries
As per the category, the market has been segmented as follows:
- Conventional
- Gluten-Free
As per the distribution channel, the market has been segmented as follows:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retailing
- Non-Store Based
- Store-Based
- Specialty Stores
As per the region, the market has been segmented as follows:
- North America
- Europe
- Asia – Pacific
- South America
Regional Classification
As per the regional analysis that has been made, it is found that the market for organic food items is more along with the organic bakery goods in the Europe region as compared to any other region. The increase in demand in this region is simply for different bakery products like cookies, bread, and croissants to name some.
Key Organic Bakery Products Market Players are –
New Horizon Foods Inc. (US), Nutri-Bake Inc. (Canada), Soyfoods Ltd (UK), Rudi’s Organic Bakery (US), Cress Spring Bakery (US), Flowers Food (US), Grupo Bimbo (Mexico), Healthybake (Australia), Finsbury Food Group (UK), Manna Organics LLC (US)
Which region is expected to hold the largest market share during the forecast period ending in 2028?
The largest market share is expected to hold by the Asia – Pacific or APAC region during the forecast period ending in 2027.
Industry News
Flowers Foods Inc which is one of the largest makers of freshly packed bakery food made an announcement for the Canyon Bakehouse LLC acquisition, which is a private firm located in Colorado, Johnstown to improve its base of the consumer.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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