Global Organic Bakery Products Market Scope:
Organic bakery products are processed using organic ingredients and without added preservatives. The global organic bakery products market is growing rapidly mainly due to the urbanization and changing consumption patterns. Moreover, factors such as the growing inclination towards convenience foods and the augmenting demand for RTE foods escalate the market on the global platform.
Acknowledging the potential of this market to surge in the years to come, Market Research Future (MRFR) in its recently published analysis asserts that the global Organic Bakery Products Market will experience exponential accruals by 2030 posting a phenomenal CAGR throughout the review period (2023 to 2030). The rising number of health-conscious consumers and growing demand for on-the-go products is a major driving force pushing up the growth of the market.
Organic Bakery Products Market Size was valued at USD 74.8 billion in 2022. The organic bakery products market industry is projected to grow from USD 79.66 Billion in 2023 to USD 116.23 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.5% during the forecast period (2023 - 2030).
Additionally, factors such as the large advancements in food technology and the introduction of natural and organic ingredients have boosted sales in the market. People are becoming aware of naturally grown products, increasingly. Simultaneously, the tremendous popularity of organic food ingredients led by the spreading awareness towards the health benefits that they can provide is fueling the growth of organic bakery products market.
On the other hand, factors such as fluctuating prices of these products due to the volatility in the cost of electricity required for the production, raw material cost and labor cost that add to total manufacturing costs are impeding the market growth. Also, increasing changes in the production process and technology and lack of expertise obstruct the growth of the market.
Nevertheless, factors such as the recent advancements in production technology occurred in the commercial bakery industry such as ESL technology alongside the standardization of cost of commercial bakery products would support the growth of the market throughout the assessment period.
Global Organic Bakery Products Market – Segments:
For ease of understanding, the market is segmented into four key dynamics: -
By Type : Bread & Rolls, Cake & Cheesecake, Doughnuts & Muffins, Cupcakes & Brownies, Biscuits & Cookies, Pancakes & Waffles, Sandwiches & Wraps, and Pies & Tarts among others.
By Form: Fresh, Frozen, Dough & Batter, and Instant Mixes among others.
By Specialty Type: Sugar-free, Gluten Free, Low-Calories, Fortified, and others.
By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.
Global Organic Bakery Products Market - Regional Analysis:
The North American region heading with the changing consumer preferences towards organic food products would continue with its dominance over the global organic bakery products market throughout the forecast period. Factors such as the high consumption of convenience food and changing food consumption pattern due to busy schedules are projected to generate high revenue pockets in the organic bakery products market in the region.
Also, there are a large number of production bases and consumers of organic bakery products in the region that drive market growth. Moreover, factors such as the spurting health concerns associated with the consumption of food products made with the artificial and synthetic are driving the market, increasing the consumer inclination towards safer food alternatives as compared to conventional food.
The organic bakery products market in the European region stands the second-largest position, globally. Factors such as the growing importance of health and wellness among the consumers, especially in Germany, the UK, and Russia are supporting the market growth in the region. Furthermore, the improving economy in the region has been enabling Europe to generate a substantial revenue pocket.
The Asia Pacific organic bakery products market is emerging as a profitable market, globally. The higher-level production largely contributes to the growth in countries like Australia, New Zealand, China, and India. The market is experiencing substantial developments over the past few years which, in turn, is expected to drive the growth of the regional organic bakery products market.
The ever-increasing population in some of the rapidly developing countries like China and India along with the changing lifestyle of consumers are anticipated to stimulate the growth of the overall organic bakery products market in the region during the assessment period. Furthermore, factors such as the change in consumer preference for organic food over conventionally processed food led by the increasing awareness about its health benefits are impacting the growth of the regional market, positively.
Global Organic Bakery Products Market - Competitive Analysis:
Highly competitive, the organic bakery products market appears to be fragmented due to the presence of several matured players. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends of these players to sustain their positions in this well-established market.
Major Players:
leading the global Key Organic Bakery Products Market Players include Nutri-Bake Inc. (Canada), New Horizon Foods, Inc. (U.S.), Soyfoods Ltd (U.K.), Cress Spring Bakery (U.S.), Rudi’s Organic Bakery (U.S.), Flowers Food (U.S.), and Healthybake (Australia) among others.
Industry/innovation/Related News:
March 05, 2019 – Miller Milling Company, LLC (the US), a leading flouring mill offering specialty flours including high gluten, hearty gluten, and etc. for H&R all purposes announced that it is entering the organic wheat flour market and has already achieved an organic certification for one of its facilities located at Fresno, California and may soon add other locations. The company also launched its Yosemite Organics brand at the Natural Products Expo West.
On March 01st, 2019, Miller Milling’s parent company Nisshin Seifun Group Inc.in Tokyo, Japan announced the acquisition of Allied Pinnacle (Australia), a prominent end-to-end bakery ingredient supplier. At the event, the company mentioned that it is committed to the growth and development of the Yosemite Organics product line across its California network and will expand its organic offerings further. Miller’s Yosemite Organics flour product line includes high-quality organic wheat flours that will cater to the organic bakery products market, leveraging its strategic locations and supply chain.
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