Baked Foods Market Worldwide Phenomenal Growth 2020 | Size, Value Share, Latest Trend, Global Analysis and Key Players by Forecast to 2023

Market Scenario of Baked Foods Market

Baking is a method cooking baked products that usually prepared by dry heat, especially in an oven. The most common types of baked foods are cakes & pastries, bread & rolls, donuts, biscuits, and others. These are available in a wide variety of flavors, and the customer preferences may vary according to regional demands. Baked foods include fiber, antioxidants, omega-3 oils, vitamin, and mineral fortifications.

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Increasing demand for naturally baked, organic, and ready-to-eat products, along with the rise in the number of working population, is driving the growth of the Baked Foods Market. Baked foods are low in fat for which they are gaining popularity among the rising number of health-conscious consumers. Continuous innovations and technological advancements are anticipated to propel the baked foods market growth over the forecast period. Demand for gluten-free foods and product developments for baking ingredients are contributing to the growth of this market.

Segments

The global baked foods market is segmented into type and distribution channel.

On the basis of type, baked foods market is segmented into cakes & pastries, bread & rolls, donuts, biscuits, and others. Among all, the cakes & pastries segment will witness exponential growth rate during the forecast period, due to a rise in the demand for trans-fat free baked foods.

On the basis of distribution channel, the market is segmented into food service and food retail. Among all, the food retail segment is expected to dominate the market due to the rising population and average per capita disposable income positively influencing the market dynamics of the retail market.

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Regional Analysis

Europe will witness maximum growth in the baked foods market followed by North America. In terms of value, the market size of Europe will continue to dominate the market, owing to the demand for soluble dietary fibers. The increasing per capita disposable income in India and China and growing demand for baked products will drive the growth of this market.

Furthermore, changing lifestyle and shifting food consumption pattern in countries, such as China and India, will propel the growth of baked foods in Asia-Pacific. Rapid innovation in the bakery industry with product diversification will boost the demand for baked foods, globally.

Key Players

Some of the key players profiled in the global Baked Foods market: Grupo Bimbo (Mexico), Finsbury Food Group (U.K), Flowers Foods (Georgia), Hostess Brands (U.S.), McKee Foods (U.S.), Yamazaki Baking (Japan), Aryzta (Switzerland), BreadTalk (Singapore), George Weston (Canada), Hillshire Brands (U.S.), Monginis (India), and Pepperidge Farm (U.S.), among others.

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This release was published on openPR.