Bakery Product Market to Grow Swiftly Based on Increased Adoption Into Several Cuisines by Hotels and Restaurants Worlwide

Radiant Insights, Inc.

SAN FRANCISCO, Feb. 27, 2019 /PRNewswire/ -- The global bakery product market is anticipated to rise at a higher CAGR during the forecast period. Availability of raw materials & rise in consumption of bread in various countries will surely have a positive impact on the market scenario for bakery products. At present, the bakery trends involve health, pleasure and accessibility. Leading chefs and new cuisine are emphasizing bread and bakery as an innovation in restaurant offering and restaurant owners across Europe and other parts of the world are now setting an example in this art. The drivers for the bakery product include change in consumer lifestyle, rise in disposable income, availability of various bakery products and rise in urbanization. Preference for baked products such as whole-grain, multi-grain and trans-free fat products are likely to contribute to the market growth during the forecast period. Apart, rise in hospitality and tourism will boost the market demand. Availability of healthy and organic products driven by popularity and rise in consumption drives the market growth for the forecast period.

By type, the bakery product market is segmented into pastries, cake-rolls, cookies, pies, pretzels, tortillas and crackers. Geographical segmentation for bakery product market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America holds a larger share in the global market due to rise in preference for cakes, pastries, cookies, pretzels and tortillas. Europe follows the trend. APAC market is loaded with lucrative opportunities as the production for bakery items is on a higher scale. Demographics is a game changer in APAC sector that leads to diversification of the market. Technological advances and availability of workforce is likely to enlarge the market size. Population explosion and presence of advertising agencies stimulate the market demand.

To know more details about "Bakery Product Market" 2010-2021, click here to Download PDF

The key players in the bakery product market include Bahlsen GmbH & Co. KG, Allied Bakeries, BAB, Inc., Barilla Holding Societa per Azioni, Bakers Delight, Britannia Industries Ltd., ITC, Dunkin' Donuts, Bruegger's Enterprises, Inc., Einstein Noah Restaurant Group, Inc., Flowers Foods, Inc., Nestlé SA, Kellogg Company, Mondelez International, Inc., McDonald's Corporation, Warburton's, Ltd. and Finsbury Food Group. The report package Global Bakery Product Market to 2021 offers the most up-to-date industry data on the actual market situation, and future outlook for bakery products in the world. Along with a global bakery products market report, the package includes country reports from the following countries: China, France, Germany, Italy, Japan, Mexico, Russia, Spain, United Kingdom, United States