NEW YORK, Jan. 24, 2024 /PRNewswire/ — The fresh baked products market is to grow by USD 92.47 billion from 2023 to 2027 progressing at a CAGR of 6.4% with a year-over-year (YOY) growth rate of 5.3% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall environment.
Technavio has announced its latest market research report titled Global Fresh Baked Products Market 2023-2027
The strong distribution network between bakery product manufacturers and customers is notably driving the growth. To meet the surging global demand for fresh baked goods, manufacturers are prioritizing the enhancement of distribution networks. Strong partnerships with various buyers, including supermarkets, hypermarkets, catering chains, and small convenience stores, are crucial. The establishment of robust distribution channels ensures widespread availability of bakery products, especially in emerging countries, addressing the growing consumer appetite.
Increasing the online presence of bakery product players is a major trend influencing the growth. The volatility of raw material prices is a significant challenge restricting growth.
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Fresh Baked Products Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.4% |
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Market growth 2023-2027 |
USD 92.47 billion |
The fresh baked products market analysis includes product (breads and rolls, cookies/ cakes/ pastries, and morning baked goods), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and Middle East and Africa)
The growth of the breads and rolls segment will be significant during the forecast period. The bread and rolls segment encompasses a range of products, including whole grain, sourdough, rye, flatbread, focaccia, multigrain, white, hot dog, and sub bread. A significant growth factor is the increasing preference for gluten-free options. Consumer demand for gluten-free bread is rising, prompting major suppliers to expand their offerings to include such products in response to trends.
The fresh baked products market covers the following areas:
Companies Mentioned
ANDRE BOUDIN BAKERIES INC.
Atlanta Bread Co. International Inc.
BAB Inc.
BreadTalk Group Pte Ltd.
Corporativo Bimbo SA de CV
Einstein Noah Restaurant Group Inc.
Finsbury Food Group Plc
Fresh Baked Goodness
Greggs Plc
Inspire Brands Inc.
LE DUFF Group
Krispy Kreme Inc.
MONBAKE GRUPO EMPRESARIAL S.A.U.
Mondelez International Inc.
Panera Bread Co.
Rich Products Corp.
The European Bakery
The Wendys Co.
Trenker Johann KG
VIVESCIA
ANDRE BOUDIN BAKERIES INC – The company offers different types of freshly baked products such as Sourdough Round Loaf and Sourdough Long Loaf.
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Major Applications of Fresh Baked Products
Freshly baked products encompass a wide range of goods, including pastries, bread, cakes, cookies, muffins, bagels, croissants, donuts, pies, rolls, cupcakes, scones, tarts, Danish, buns, pretzels, brownies, artisan baked products, gluten-free baked goods, organic baked goods, specialty breads, sweet rolls, breakfast pastries, fresh baked snacks, confectioneries, gourmet baked products, custom cakes, biscuits, and pastry fillings. These products offer various benefits such as freshness, flavor, and customization, making them suitable for a range of applications in the food industry.
Related Reports
The baking ingredients market size is estimated to grow at a CAGR of 6.21% between 2023 and 2027. The size is forecast to increase by USD 5,878.8 million.
The bread market is estimated to grow at a CAGR of 7.27% between 2022 and 2027. The size is forecast to increase by USD 118.37 billion.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Sizes
Five Forces Analysis
Segmentation by Product
Segmentation by Distribution Channel
Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 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 insights to identify opportunities in existing and potential areas and assess their competitive positions within changing scenarios.
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SOURCE Technavio