Published Date : Feb 29, 2016
ALBANY, New York, Feb 29, 2016: A new market study, titled “Global Bakery Market 2015-2019,” has been featured on MarketReseachReports.biz. The report provides a qualitative and quantitative reports of the progression of the global bakery products market for the 2015-2019 period. With insights from the past performance and the current state of the market, growth trends and market size estimates are presented for the forecast period. Each developmental aspect of the global bakery products market is broken down and analyzed for the Americas, EMEA, and APAC regions.
According to the report, the global bakery products market will expand at a CAGR of 7.04% from 2014 to 2019. Looking to make the most of this growth are key vendors in the market such as Group Bimbo SAB de CV, Mondelez International, Yamazaki Baking, Kellogg, and PepsiCo. Other vendors of bakery products that have a significant presence in the market are Angle Bakeries, Bread Top, Grand Central Baking Company, Baker Delight, Castane, and McKee. These will also benefit from the growth of the market to some extent.
The report points out that currently, the increased demand for organically sourced products is the primary factor driving the global bakery products market. Bakery products such as bread and biscuits are most consumed, but other products such as cakes, pastries, and cookies are increasingly becoming popular, especially those coming from fair-trade practice farmer groups. In traditional baked goods consuming regions such as the Americas, rising awareness about the long-term health implications of foods made from refined flour is leading to the popularity of whole grain baked products. This includes whole grain breads, high-fiber biscuits, and gluten-free products.
However, in recent years, the large number of product recalls of baked goods has challenged the growth of this market. Consumers in developed as well as developing regions are becoming equally aware of products that are not suitable for consumption due to quality regulations. The growing level of education among consumers and access to a number of information media in developing regions are the reasons for this.
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In the bakery products market, new trends are gaining prominence, of which the increasing demand for gluten-free products is an important one. Baked goods that are made from whole wheat are associated with allergies and gastric problems among individuals due to the gluten present in whole wheat. Due to these reasons, demand for gluten-free products is on a continual rise for health reasons.
The report provides answers to some questions that are important for market participants, both existing as well as those that are interested in participating in this market. The key market drivers and market trends that will mark the progression of this market till 2019 are evaluated at length. Using analytical tools such as Porter’s five forces and SWOT analyses, the market attractiveness reports for the key vendors in the bakery goods market is provided.
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