openPR Logo
Press release

The ‘healthy indulgence’ of the baking world!

02-08-2018 08:48 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MordorIntelligence

Baking has been the oldest food-processing technology known to man. From being subsistence-based foods, bakery products have witnessed a phenomenal transformation, to being delicacy-based and choice-arousing food that can continue to contribute a vital share to the rapidly emerging food processing sector. The development is much more dynamic in emerging economies, whereas, the matured markets of North America and Western Europe are increasingly seeking advanced and sophisticated level, of value addition, without compromising on the indulgence factor, for which, bakery products are primarily consumed. The global bakery product market is majorly driven by factors, such as rising demand for convenience, safe, health, and affordable food products, along with the enhanced focus on indulgence and diversification of flavors, especially from artisanal bakers. The aforementioned trends prevailing in the market are estimated to drive the growth of the global bakery product market at a CAGR of around 2.6%, during the forecast period of 2018-2023.
Latest Developments
Indulgence is an opportunity for bakery, and the bakery market has time and again witnessed a variety of flavors making a mark. Red velvet, salted caramel, and s’mores from Pillsbury™ are gaining popularity among Americans. Hostess recently launched Apple and Cherry mini-pies that capture the best of both worlds, as apple and cherry can both be indulgent flavors and healthy at the same time.
In the recent years, it has been observed that consumers are more focused on ingredients, and are opting for healthier labels involving reduced calories and reduced fat. There are other sets of consumers who are price conscious. Both ingredient-focused and nutrition-focused consumers are willing to pay more for products with a blend of ingredients
Market Insights
Consumers are demanding additive-free, non-GMO, clean-label, and health promoting baked goods. Thus, health and convenience, along with indulgence, are expected to trend in the developed markets of bakery products.
The global market for bakery products is expected to be significantly boosted by the rapid growth of the processed food sector, particularly in the emerging economies. The rapid pace of urbanization observed in the countries of Asia, as a by-product of overall improvement in the economic situation, is setting the stage for this region to be one of the fastest growing in the global bakery product market.
Get the Full Report Here: https://www.mordorintelligence.com/industry-reports/bakery-products-market
The global bakery product market has been segmented based on product type, distribution channel, and geography. Morning baked goods are primarily leading the worldwide growth of bakery products, followed by indulgent baked goods, such as cakes, pastries, and biscuits. In terms of distribution channels, the robust growth of the food service retail channel has been the underlying factor for the enhanced sales of bakery products, in the recent years. Geographically, consumers in Asia-Pacific and the Middle East have an increasing appetite for indulgence. Asia-Pacific boasts of the highest pastry sales in the world, and accounts for the majority of global growth within pastries.
The major strategies adopted by the companies in the global bakery product market are - new product launches, agreements/partnerships, expansions, and acquisitions. The global companies have designed strategies to expand into emerging economies, in an attempt to increase their consumer base. The global bakery product market is highly fragmented, with the significant presence of numerous global and regional players.
About Mordor Intelligence
Mordor Intelligence is a market intelligence and business advisory firm. The company operates in the business of industry analysis & consulting, in over 16 verticals. In today’s fast-paced and competitive business environment, every customer has unique information requirements. With an eye for such requirements, Mordor offers custom market intelligence and advisory services along with syndicated reports, to help them gain an edge over the competition. The company has successfully catered to over 500 (40% of whom are Fortune 500) clients, since 2013.
For more information mail us at: info@mordorintelligence.com

Mordor Intelligence is a market research and consulting firm with expertise in accurate research and analysis.
9,000+ comprehensive reports across 60+ industry segments. Trusted by 300+ brands across the globe.

5th Floor, Brigade Towers, Financial District, Gachibowli, Hyderabad - 500032, India

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The ‘healthy indulgence’ of the baking world! here

News-ID: 936062 • Views: 358

More Releases from MordorIntelligence

Climate-smart Agriculture is Increasing the Demand for Bio-fertilizers
Market Insights The global fertilizer market report offers a detailed analysis of the market structure, along with the forecast for the various segments and sub-segments of the global fertilizer market. The global fertilizer market was valued at USD 145.62 billion in 2017 and is expected to register a CAGR of 3.8% during the forecast period. Fruits and vegetables are high-value crops and represent a segment that is expected to grow at
Changing Dynamics of GCC Fertilizer Industry
Market Insights The changing dynamics of the GCC Fertilizers Market include rising population, falling commodity prices globally, and intense competition from abroad. In 2016, GCC fertilizer sales declined by 21%, to USD 5.2 billion. The same scenario was noted in 2015, wherein, the sales revenue dropped by 10%. The report provides a detailed analysis of the GCC fertilizer market, which is broadly segmented based on type and geography. Based on the type,
The Transforming Global Pesticide Market
Market Insights The global crop protection chemical market report offers a detailed analysis of the market structure, along with forecast for various segments and sub-segments of the market studied. The global crop protection market was valued at USD 51.44 billion in 2017, and is expected to register a CAGR of 3.1% during the forecast period, to reach the value of USD 5.76 billion by 2023. The previous decade, which saw a
Specialty Surfactants Market
Latest Developments Growing personal care industry in emerging economies and increasing purchasing power of middle class are fuelling the growth of the specialty surfactants market. While stringent environmental regulations regarding the manufacturing of specialty surfactants are hindering the growth of this market. Market Insights Anionic surfactants is poised to account for the largest market share in 2016 and owing to the increased use of green surfactants amphoteric surfactants have registered the highest CAGR.

All 5 Releases


More Releases for Mordor

Global Twist Tube Market 2019 Global Analysis by Top Industry Players Like Essel …
The following research report is a compilation of high-end data that has been researched thoroughly to highlight the various trends prevailing across the Twist Tube Market. This study is titled “Global Twist Tube Market Outlook 2019-2025”, which carefully examines several vital factors such as market share, market revenue, market dynamics and competitive scenario active in the target market for the period between 2019 and 2025. This report presents the worldwide Twist
Mordor Intelligence, LLP. Contributes to the Diabetes Awareness Month by Grantin …
On the occasion of World Diabetes Awareness Month, Mordor Intelligence reiterated its commitment to helping enterprises in the business of Diabetes Care Drugs by enabling them to make smart strategic decisions. The company has announced that it is offering a full access to its Intelligence Center on the Diabetes Care Drugs for FREE. With the successful launch of this Intelligence Center last month, Mordor is already ensuring that the benefits
Latest Report on: Twist Tube Market 2018-2025 Essel Propack, Aluminum Lipstick, …
A market study "Global Twist Tube Market" examines the performance of the Twist Tube market 2018. It encloses an in-depth Research of the Twist Tube market state and the competitive landscape globally. This report analyzes the potential of Twist Tube market in the present and the future prospects from various angles in detail. The Global Twist Tube Market 2018 report includes Twist Tube market Revenue, market Share, Twist Tube industry volume,
The Global Construction Chemical Market – Mordor Intelligence Study
Construction chemicals are specialty chemicals that are added to construction materials, with the aim to improve and enhance their performance and workability. The Asia-Pacific had the largest market share of the global construction chemical market; it is expected to continue its dominance till 2022. The market is globally driven by an expanding construction industry and increased innovation in construction procedures. However, lack of proper know-how about construction chemicals among the
The Global Stimulation Materials Market to witness a CAGR of 6.75%-Mordor Intell …
The proppants industry is growing at a rapid rate, alongside with the growth of hydraulic fracturing for well stimulation. The demand for proppants has fluctuated in the recent past, however, it is projected to have a positive growth. The supply of proppants is growing continuously while the market is heading toward consolidation. The development in unit-train shipping is the game changer in the market. The trucking market is regional specific
Global Smart Meters Market – Mordor Intelligence
The global smart meter market is projected to witness a decline in demand over the next two years, owing to saturation of major markets. Valued at USD 119.27 million in 2016, the market is expected to fall to USD 116.95 million in 2018, while recovering over the second half of the forecast period (2017-2022). The smart meters market is classified into - electricity meters, water meters, gas meters, and heat