Worldwide Bakery Products Market Share, Growth, Key Players and CAGR of 5% Foresight to 2023

Market Overview

Growing urbanization and extending demand for smooth access to food have enriched the growth of the global Bakery Products Industry. The baked food products are enriched in superior nutrients and energy value. Advancing food processing technology is also one of the prime factors encouraging the makers to come with high-end products with better nutritional value, taste, and visual attraction. All these factors are expected to fuel the growth of the bakery products market. This growth rate is expected to remain established until the forecast period of 2023.

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The level of adoption of eating varieties of products from a different culture is one of the prime reasons behind the growth of the market. At the same time, there is a significant demand for finding healthy food alternatives as well.

Key players

Barilla Holding S.P.A. (Italy), Britannia Industries Limited (India), Grupo Bimbo, S.A.B. de C.V.(Mexico), Mondelez International, Inc. (US), General Mills, Inc. (US), Dunkin' Donuts LLC (US), and United Biscuits (UK) are some of the key players in Bakery Products Industry.

Segmentation

International Bakery Products Industry can be segmented based on type, claim, form, and region.

In terms of product type, the market can be segmented further into cake, bread, pastries, doughnuts, biscuits, and others. Among these, the bread segment is projected to remain the most dominant, powered by the extensive usage of bread as a staple food.

In terms of claim, the market can be segmented into gluten-free, organic, sugar-free, low-calorie, and others. To be specific, the organic segment is anticipated to remain the most dominant during the forecast period due to healthier alternatives. Regionally, the market is classified into North America, Europe, Asia-Pacific, and Rest of the World.

Regional Analysis

Regionally, international Bakery Products Industry is segmented into North America, Europe, Asia-Pacific, and Rest of the World. Europe is expected to remain most significant among all. North America indeed follows Europe the most dominating among all, led mainly by the United States. US apart, Mexico and Canada are the other two prominent markets.

The European market is segmented into the UK, Germany, France, Italy, Spain, and Rest of Europe. International bakery products market in Asia-Pacific is expected to remain steady all through forecast period. It can be further segmented into China, India, Japan, Australia & New Zealand, and the Rest of Asia-Pacific. Talking about the market in Rest of the World, it comprises of Middle East, South America, and Africa.

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This release was published on openPR.