Global Bakery Product Market is Booming Worldwide from 2019 to 2025

JULY 26, 2019: The global bakery product market size is expected to reach USD 251.1 billion by 2025 registering a CAGR of 3.2%, according to a new report by Radiant Insights, Inc. The market is majorly driven by the growing product demand owing to time-constrained lifestyles of customers resulting in increased on-the-go food consumption. The major companies are involved in continuous innovation and introduction of novel flavors owing to high industry rivalry. High demand for Ready-to-Eat (RTE) foods, owing to hectic lifestyle, is also contributing to the market growth. Cakes & pastries segment led the market in 2018, accounting for 27.4% of the global revenue share.

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It was followed by cookies as the second-largest segment, owing to rapid urbanization, rising income levels, altering food experiences. Many bakery product manufacturers are doing backward integration, which would help ensure and enhance the product quality. In addition, demand for bakery products is growing on account of their ability to meet dietary requirements. Specialty stores was the largest distribution channel segment in 2018. It was followed by hypermarket & supermarket as the second-largest market, accounting for 30.5% of the global revenue share on account of easy availability of a variety of brands and flavors.

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https://www.radiantinsights.com/research/bakery-products-market

Further key findings from the study suggest:

• Cakes & pastries is likely to be the largest, as well as fastest-growing, product segment over the forecast period

• Specialty stores led the market in 2018 accounting for a share of over 33% and is projected to maintain its dominance throughout the estimated period

• In terms of revenue, Europe was the leading market in 2018. However, Asia Pacific is expected to be the fastest-growing regional market from 2019 to 2025

• Breads & rolls, the major contributor of product segment, is mostly driven by new production methods that carry nutritional content

• The bakery products market is highly competitive with companies participating in several initiatives including frequent mergers, acquisitions, capital expansion, and strategic alliances

Some of the key companies in the market are General Mills, Inc.; Nestle S.A.; Bimbo Bakeries; George Weston; and Campbell Soup Company

Table of Contents

Chapter 1 Methodology And Scope

1.1 Information Procurement

1.1.1 Purchased Database

1.1.2 Gvr’s Internal Database

1.1.3 Secondary Sources

1.1.4 Third Party Perspective

Chapter 2 Executive Summary

2.1 Market Snapshot

2.2 Segmental Insights

2.3 Competitive Insights

Chapter 3 Market Variables, Trends & Scope

3.1 Market Lineage Outlook

3.1.1 Parent Market Outlook

3.1.2 Related Market Outlook

Continued…


To See More Reports of This Category by Radiant Insights:
https://www.radiantinsights.com/catalog/food-and-Beverages

About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com

Author: Steve

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