Press release
Bread Market Size, Share, Comprehensive Analysis, Opportunity Assessment By 2030
According to our new research study titled "Bread Market to Forecast 2030 - COVID-19 Impact and Global Analysis - by Type, Category, Distribution Channel, and Geography," the market was valued at US$ 266.33 billion in 2022 and is projected to reach US$ 350.17 billion by 2030; it is expected to register a CAGR of 3.4% from 2022 to 2030.
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The global bread market is experiencing a surge in demand due to the increasing preference for convenience and ready to eat products. The hectic lifestyle of modern consumers, coupled with the need for quick and easy meal solutions, has led to a significant rise in the consumption of bread. Owing to convenience-driven factors such as ease of preparation, longer shelf life, and portability, bread has become a popular choice among working individuals. Additionally, the availability of a wide variety of bread options, including loaves, sandwich bread, baguettes, burger buns, etc., caters to diverse consumer preferences and dietary requirements, further fueling the global bread market growth.
Impact of COVID-19 Pandemic on Bread Market
The COVID-19 pandemic disrupted global supply chains, including those in the bread industry. Factors such as restrictions on movement, shutdown of manufacturing facilities, and labor shortages affected global bread production, raw material procurement, distribution, and availability of bread across the country. With the shutdown of restaurants, cafes, and food service establishments, there was a shift in consumers' behavior toward home cooking. This increased the demand for bread in retail stores, as consumers relied on homemade meals and convenience foods such as buns, rolls, and sandwiches. Bakeries and bread manufacturers across the globe had to adapt to the changing consumer preferences. There was an increased demand for long-lasting and packaged bread products, such as sliced and frozen bread, as consumers aimed to minimize grocery store visits.
The report segments of bread market as follows:
Based on type, the bread market is segmented loaves, sandwich bread, baguettes, burger buns, and others. Based on category, the bread market is bifurcated into organic and conventional. Based on distribution channel, the bread market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. Based on geography, the bread market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.
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About The Insight Partners
The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialists in industries such as technology, media, food & beverages, chemicals & materials, and telecommunication.
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