DUBLIN--(BUSINESS WIRE)--The "Global Baked Goods Market: Industry Analysis & Outlook (2018-2022)" report has been added to ResearchAndMarkets.com's offering.
The global baked goods market is expected to grow with increasing youth population, escalating Hispanic population in the U.S., mounting e-commerce retail sales and continuous developments in bakery based products.
The U.S. emerged as a major revenue contributing region due to increased confectionery items production in Alabama, Arkansas, Florida and Georgia.
With the increasing passion for healthy life amongst the populace, the demand for snacks and ready to eat foods like buns, sandwiches and pastries has been surging at a rapid pace, and so thus the revenues of the global baked goods market.
On the basis of ingredients used and shelf life, baked goods are broadly classified into breads, cakes and pastries. In order to emerge as a global leader, the crucial strategies adopted by the key players include increasing advertising & promotion expenses to uphold the goodwill & development of leading bakery products and strengthening of product portfolio.
Key trends and developments of this market includes technological advancements, innovation in packaging solutions, consumers prioritizing convenience foods, high demand for gluten-free bread products and rising preference for tortilla chips by the U.S. populace.
However, there are some factors which can hinder growth of the market including stringent government regulations and slow inventory turnover in developing economies.
Market Dynamics
Growth Drivers
- Increasing Youth Population
- Escalating Hispanic Population in the U.S.
- Mounting E-Commerce Retail Sales
- Continuous Developments in Bakery Based Products
Key Trends and Developments
- Technological Advancements
- Innovation in Packaging Solutions
- Consumers Prioritizing Convenience Foods
- High Demand for Gluten-Free Bread Products
- Rising Preference for Tortilla Chips by the U.S. Populace
Challenges
- Stringent Government Regulations
- Slow Inventory Turnover in Developing Economies
Key Topics Covered
1. Baked Goods Overview
2. Global Baked Goods Market
3. Regional Baked Goods Market
4. Market Dynamics
5. Competitive Landscape
6. Company Profiles
- Grupo Bimbo
- S.A.B. de C.V.
- Yamazaki Baking Co. Ltd.
- Flowers Foods Inc.
- Kellogg Company
For more information about this report visit https://www.researchandmarkets.com/research/j8d2bn/global_baked?w=4
