Persistence Market Research
With the continuous change in lifestyle of individuals, demand for processed foods such as ready to eat and on-the-go foods is rising exponentially, especially in developing economies. Bake-off bakery products are the products that are instantly baked and served on the table. These products are stored in either frozen, chilled or ambient form. These products are also called as ready to bake products, which can be baked at an instance as per requirement. Bake-off bakery products market is expanding in order to cater to increasing demand for ready to eat foods and is expected to continue the same trend over the forecast period.
Europe and North America collectively dominates the bake-off bakery products market, owing to increasing preference for ready to eat and on-the-go foods.
Bake-Off Bakery Products Market: Segmentation
Bake-off bakery products are increasingly preferred by consumers across the globe, owing to increasing dependency on ready to eat foods, especially in North America and Europe. The Bake-Off Bakery Products market is segmented on the basis of product type, bread form and sales channel.
On the basis of product type, Bake-off bakery products market can be segmented into bread, pastry, patisserie, and American sweet treats. Bread segment accounts for relatively high share of total bakery market across the globe. The bread segment is further segmented into white and brown. The pastry segment is further split into viennoiserie, puff, and Danish. The patisserie segment is again segmented into cakes and tarts and at last the American sweet treats is segmented into donuts, muffins, cookies and brownies.
Bake-off bakery products market is further segmented on the basis of bread form into banquette and small bread.
The Bake-off bakery products market is further segmented on the basis of sales channel into artisan bakers, modern retailers, bakery chains, hotels/restaurants/café (HoReCa), social food services and other retailing formats.
Bake-Off Bakery Products Market: Drivers, Restraints and Trends
Increasing per capita disposable income coupled with rising demand for on-the-go foods among individuals is expected to increase the revenue of bake-off bakery products market over the forecast period. Increasing demand for healthy baked products among individuals such as multigrain bread, brown bread etc. is expected to drive the sales of bake-off bakery products market. Increasing penetration of bake-off bakery products in developing economies is expected to exhibit a significant growth in sales of bake-off bakery products market over the forecast period. Bakers across the globe has slowly started to opt for bake-off bakery products as there is very low amount of wastage of food products, owing to which bake-off bakery products market is expected to witness a significant growth over the forecast period.
Penetration of bake-off bakery products in some developing nations is quite low, which could be considered as a restraint, and could possibly affect the sales over the forecast period. Poor distribution channel in Asia could hamper the sales of bake-off bakery products market.
Bake-Off Bakery Products Market: Regional Outlook
Global Bake-Off Bakery Products Market is segmented on the basis of geographic regions into five key regions: North America, Latin America, Europe, APAC and MEA.
Europe accounts for relatively high revenue share for bake-off bakery products followed by North America. Germany holds the largest share of bake-off bakery products market across the Europe and is expected to continue the same over the forecast period.
Latin America also accounts for significant value share of Bake-Off Bakery Products market of which Brazil holds relatively high share.
Asia Pacific Bake-Off Bakery Products Market is expected to grow during the forecast period. China holds relatively high value share, owing to high per capita consumption.
Bake-Off Bakery Products Market: Key Players
There are number of key players that manufacture bake-off bakery products across the globe. Some of the prominent players are Lantmannen Unibake Ltd., Vandemoortele NV, Borgesius Holding B.V., Wenner Bread Products, Inc., Deiorio Foods, Inc., Guttenplan's Frozen Dough, Inc., Le Bon Croissant, Takaki Bakery Co., Ltd., ADEKA Corporation, Yamazaki Baking Co., Ltd. and various other manufacturers that operate globally.
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