The worldwide bakery product is presently undergoing opportunities as well as challenges owing to the economic crisis. The still volatile financial scenario is changing the way several bakers approach their businesses. However, the bakery product market in Europe is undergoing a decline in traditional sector. Although, the decreasing demand is compensated by increasing purchase of on-the-go breads, bite-sized sweet goods, between-meal snacks and such other products. The augmentation in several on-the-go bakery product introductions and new flavors will impact the market growth over the forecast period.
The bakers have introduced breads and biscuits, organic baked goods, breakfast cereals enriched with and portable packaging. Regardless of disadvantage of management and ownership of inventory, private label products expanded substantial significance in retailing approach of savory snacks.
Many firms eliminated artificial flavors and preservatives in their products in a bid for image changeovers as makers of natural and healthier bakery products. Around 35% of the total cereal product launched in the year 2009 claimed to be efficient cereal with health gains. The UK region has experienced increase in number of bakery business in the past after undergoing recession of breakfast product in the region. In addition, bakery industry in the U.S continued unaffected by economic crisis.
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Based on geography, Europe driven by Sweden, Germany, Finland, France, Spain and other constitutes the major regional market. In addition, Latin America and United States trail behind the next key market in terms of total size. Although, Asia Pacific region is projected to lead the market with the mounting CAGR of over 5.0% through 2015. Bread/Rolls segment represents the biggest and the most trendy bakery product. Moreover, morning goods segment is expected to emerge as the rapid growing segment over the forecast period.
Key participants operating in the worldwide bakery product market are McDonalds’s Corporation, Hostess Brands, Parle Products Pvt. Ltd, George Weston Foods Ltd, Riviana Foods Inc, Britannia Industries Ltd, Kellogg Company and Nestle Chile.
The latest market data for this research include:
- Overall bakery product market size, 2008-2019
- Bakery product market size by product segment, 2008-2019
- Growth rates of the overall bakery product market and different product segments, 2008-2019
- Shares of different product segments of the overall bakery product market, 2008, 2014 and 2019
- Market Potential Rates of the overall bakery product market and different product segments
The product segments discussed in the data report include:
Toasted bread, rusks, and other toasted products
Wafers, waffles, and sweet biscuits
Other bakery products
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The report helps answering the following questions
- What is the current size of the bakery product market in the world?
- How is the bakery product market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?
Among the key reasons to purchase include the following:
- Gain an outlook of the historic development, current market situation, and future outlook of the bakery product market in the world to 2019
- Track industry development and identify market opportunities
- Plan and develop marketing, market-entry, market expansion, and other business strategies by identifying the key market opportunities and prospects
- Save time and money with the readily accessible key market data included in this PDF format industry report. The market data is clearly presented and can be easily incorporated into presentations, internal reports, etc.