LONDON--(BUSINESS WIRE)--The global bakery products market 2019-2023 is expected to post a CAGR of more than 4% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Food products that contain gluten can cause side effects such as digestive issues and celiac disease, leading to an increased consumer preference for gluten-free bakery products. This has encouraged vendors to introduce a wide variety of products under the gluten-free category. The demand for gluten-free bakery products is expected to increase significantly during the forecast period, which will have a positive impact on the growth of the bakery products market.
Looking for more information on this market? Request a free sample report
As per Technavio, the growing popularity of clean-label and artisan bakery products will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Bakery Products Market: Growing Popularity of Clean-Label and Artisan Bakery Products
Consumers are increasingly seeking products that contain all-natural and wholesome ingredients. Thus, the demand for artisan bread is expected to increase as it contains rich, decadent flavors and textures. The bakery products market has also been recording a trend of clean labeling over the last few years. Thus, bakers are producing bakery products using minimal ingredients while ensuring that these ingredients are recognized and perceived as wholesome by consumers. Thus, the growing popularity of clean-label and artisan bakery products is expected to fuel the growth of the bakery products market during the forecast period.
“Apart from the growing popularity of clean-label and artisan bakery products, other factors such as the increase in the on-trade sales of bakery products, and the increasing online presence of bakery product vendors will boost the bakery products market growth during the forecast period,” says a senior analyst at Technavio.
Global Bakery Products Market: Segmentation Analysis
This market research report segments the global bakery products market by product (bread and rolls, cakes and pastries, cookies, and others) and geographical regions (North America, Europe, APAC, South America, and MEA).
The APAC region led the market in 2018, followed by Europe, North America, South America, and MEA, respectively. The growth of the bakery products market share in APAC can be attributed to factors such as the increasing consumer demand for clean label foods and the expansion of global players in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
