Press release
Croissant Market Size 2024 to 2031.
Market Overview and Report CoverageA croissant is a buttery, flaky pastry that originated from France. The croissant market has been experiencing significant growth over recent years, driven by the increasing popularity of French pastries and baked goods worldwide. The market is expected to continue this positive trend in the coming years, with a projected growth rate of 18.00% during the forecasted period.
Consumers' growing interest in gourmet and indulgent pastries, along with the expanding global bakery industry, are key factors driving the growth of the croissant market. The convenience and versatility of croissants as a breakfast or snack food further contribute to their rising demand among busy urban consumers.
In terms of the market outlook, the future of the croissant market looks promising, with opportunities for expansion in both developed and emerging markets. The introduction of innovative flavors and fillings, as well as the adoption of healthier and organic ingredients, are expected to drive further growth and attract a wider consumer base.
Overall, the croissant market is set to witness continued growth and prosperity in the foreseeable future, with strong demand and evolving consumer preferences driving the market forward.
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Market Segmentation
The Croissant Market Analysis by types is segmented into:
• Shelf-Stable Croissants
• Frozen Croissants
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Shelf-Stable Croissants are pre-packaged croissants that can be stored at room temperature without spoiling, making them convenient for consumers to purchase and use whenever they desire. Frozen Croissants are croissants that are sold in a frozen state and require thawing and baking before consumption. These options provide flexibility for consumers to enjoy freshly baked croissants at their convenience, whether it be for breakfast, as a snack, or as part of a meal. Both types offer a convenient and versatile solution for those craving the buttery, flaky goodness of a croissant.
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The Croissant Market Industry Research by Application is segmented into:
• Supermarkets and Hypermarkets
• Independent Retailers
• Convenience Stores
• Online Retailers
The croissant market is accessible through supermarkets and hypermarkets where customers can find a wide variety of brands and flavors. Independent retailers also offer unique and artisanal croissants for a more personalized shopping experience. Convenience stores provide a quick and convenient option for purchasing croissants on-the-go. Online retailers have become increasingly popular for their wide selection and convenient delivery options, allowing customers to easily purchase croissants from the comfort of their own homes.
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In terms of Region, the Croissant Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Croissant market?
The global croissant market is witnessing several emerging trends, including an increasing demand for healthier and plant-based options, such as whole grain and gluten-free croissants. Additionally, there is a growing popularity of flavored and filled croissants, offering consumers a variety of options beyond traditional plain croissants. Convenience and grab-and-go options are also becoming more prevalent, with supermarkets, cafes, and bakeries offering pre-packaged croissants for quick and easy consumption. Finally, premium and artisanal croissants are gaining traction, with consumers willing to pay a higher price for higher quality and unique flavors in their croissants.
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Major Market Players
The croissant market is highly competitive with several key players vying for market share.
Grupo Bimbo is one of the largest players in the market, with a strong presence in the bakery industry worldwide. The company has a long history of successful acquisitions and mergers, which have helped it to expand its market reach and grow its revenue. Grupo Bimbo's sales revenue in 2020 was $15.1 billion, making it one of the top players in the industry.
Lantmannen Unibake is another major player in the croissant market, known for its high-quality baked goods. The company has seen steady market growth over the years, as consumers continue to demand premium bakery products. Lantmannen Unibake's sales revenue in 2020 was $4.8 billion, highlighting its strong market position.
Le Bon Croissant is a smaller player in the market, focusing on artisanal and specialty croissants. The company has carved out a niche for itself in the market, appealing to consumers looking for unique and high-end baked goods. While its sales revenue is not as high as some of the larger players, Le Bon Croissant has shown steady growth in recent years.
Overall, the croissant market is expected to continue growing, driven by consumer demand for convenient and indulgent breakfast and snack options. With players like Grupo Bimbo, Lantmannen Unibake, and Le Bon Croissant leading the way, the market is set to remain competitive and dynamic in the coming years.
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