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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