Global Bakery Products Market is expected to grow at CAGR of 5% backed by increase in population of working women, busy work schedules, and on-the-go consumption habits. Growing demand for convenience with healthy ingredients is supporting the market growth. Availability of bakery food products in different forms and flavors is attracting the consumers of all age groups resulting in increase of bakery product sales in the last few years.
There is increase in the working class population, so the demand for bakery products have increased in recent year across the globe. Instant mix and ready dough are in huge demand from the working women class, as it saves cooking time. Bakery products are highly in demand among bachelors and working professions as it takes less time for preparation this is one of the driving forces for this market. Gluten free and organic bakery products are in demand from the health cognizant group. Frozen bakery products are in demand from the region where fresh baked products are not available in large amount, and the regions where it is prone to natural calamities like tsunami, earthquakes and cyclones etc. where it is easy to transport and store frozen products.
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Major players are investing in R&D initiatives especially to develop superior products and expand their product portfolio. This factor will help them to penetrate the emerging bakery products markets and fulfil the future demand. Improving economic conditions and impact of western culture on Asia pacific region is driving the growth of market in APAC regions especially in countries like India and China.
Major Key Players:
This report includes a study of strategies, of major market players. It includes the product portfolios, developments of leading major players Puratos, Lewis Brothers, Grupo Bimbo, Britannia Industries Ltd., Nestle, Sara Lee Bakery Group, Flowers Food and Lewis Brothers
Study Objectives of Bakery Products Market:
Detailed analysis of the market segments and sub-segments
To estimate and forecast market size by type, form, specialty type, and region
To analyze the key driving forces influencing the market
Region level market analysis and market projections for North America, Europe, Asia, and Rest of the World (ROW) and their countries
Value chain analysis & supply chain analysis
Company profiling of major players in the market
Competitive strategy analysis, mapping of key stakeholders in the market
Analysis of historical market trends, and technologies, and current government regulatory requirements
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Bakery products manufacturers
Convenience food manufacturers
Frozen food Industry
Traders, Importers and exporters