Bread Market to 2027 - Global Analysis and Forecast

The bread market was valued at US$ 190,550.0 million in 2018 and is projected to reach US$ 260,930.3 million by 2027; it is expected to grow at a CAGR of 3.6% from 2019 to 2027.

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Bread is among the household staples and there has been an increasing demand for greater variety of bread such as loaves, baguettes, rolls, burger buns, sandwich bread, and ciabatta. The increasing use of these products by B2B industries such as HORECA, QSRs, and cafes, along with the household, has driven the growth of the bread market. Furthermore, the demand for low-carb, high-fiber, multigrain, and fortified bread due to increase in health consciousness among the consumers have offered lucrative opportunities to bread manufacturers. The rapid urbanization, rising industrialization, and rise in disposable income also support the growth of bread market in developing countries. Bread is used in numerous traditional and fast-food dishes across the world. These dishes are consumed on a daily basis and have a consistent growth in demand due to rising global population.

Market Insights
Continuous increase in demand for different types of bread from end consumers
The factors such as busy and hectic schedules resulting in less or no time for cooking meals at home have raised the demand for convenient and packaged food that supports the sales of bread and related bakery products. Rising disposable income and the inclination of consumers toward exploring new tastes and flavors are responsible for driving heavy traffic at restaurants, QSRs, and cafes. The trend of hanging out at these places is prevalent among youngsters, especially teenagers. This fact is responsible for the growth of fast-food, which indirectly drives the demand for bread.

Product Type-Based Insights
Based on product type, the bread market is further bifurcated into loaves, baguettes, rolls, burger buns, sandwich bread, ciabatta, and others. The loaves segment accounted for the largest share of the bread market in 2018. A loaf is a type of bread with elongated and rounded structure. It is common to bake bread in a rectangular-shaped bread pan, which is also called as a loaf pan, as some kinds of bread dough tend to collapse and spread out during the baking process. Many types of mass-produced bread are squared, with well-defined edges on the bottom of the loaf. Rectangular-shaped loaves can be made more or less identical and can be shipped and packed efficiently.

Nature Insights
Based on nature, the bread market is further bifurcated into conventional and organic. The conventional segment accounted for a larger share of the bread market in 2018. Various preservatives, such as genetically modified organisms (GMOs), are used in conventional bread. The GMOs are non-natural organisms that can affect the ecosystem. Other preservatives used are hydrogenated acid and artificial colors. These preservatives are generally added as shelf-life extenders for the bread.

Distribution Channel-Based Insights
Based on distribution channel, the bread market is further segmented into hypermarkets and supermarkets, convenience and retail stores, online, and others. The convenience stores & retail stores segment accounted for the largest share of the market in 2018. The main difference between a convenience store and a hypermarket or a supermarket is that the convenience stores are open till late at night. This adds an added bonus to the sales of a product, in this case, bread. The longer working hours availability of the convenience stores is beneficial for the consumers who work late and are picking up things in a hurry.

A few players operating in the bread market are Associated British Foods Plc; Almarai Company; Barilla G. E R. Fratelli S.P.A.; Aryzta Ag; Britannia Industries Ltd; Campbell Soup Company; Finsbury Food Group Plc; Fuji Baking Co., Ltd.; and Goodman Fielder Pty., Ltd. The key companies implement mergers and acquisitions, and research and development strategies to expand their customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.

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Report Spotlights

Progressive industry trends in the bread market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the bread market from 2018 to 2027
Estimation of global demand for bread
PEST analysis to illustrate the efficacy of buyers and suppliers operating in the food and beverages industry
Recent developments to understand the competitive market scenario
Market trends and outlook as well as factors driving and restraining the growth of the bread market
Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
The size of the bread market size at various nodes
Detailed overview and segmentation of the market, as well as the bread industry dynamics
Size of the bread market in various regions with promising growth opportunities

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This release was published on openPR.