Bread is a staple food prepared from a dough of flour and water, usually by cooking. It has been an important food in huge parts of the world. It is one of the oldest man-made foods, having had significant importance since the dawn of agriculture, and plays an essential role in religious ceremonies and common culture. It is a regular and common food in the household and restaurants, it is used to make various recipes and substantial foods. The demand for bread is expected to increase due to urbanization and an increase in consumer disposable income during the forecast period.
Covered companies: Maple Leaf Foods, George Weston, Hostess Brands, Fuji Baking Group, Angel Bakeries, Bakkersland, Hindustan Unilever Limited (HUL), Canada Bread, Brace’s Bakery. Finsbury Food Group, Grupo Bimbo, Associated British Foods, Lieken, Panera Bread, Britannia, Yamazaki Baking, Bakers Delight and Flowers Foods.
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COVID-19 scenario analysis:
The COVID-19 outbreak has caused a decline in the growth of global industries, creating massive disruption for buyers as well as sellers. Markets and production units have been closed all over the world, which halted the production, sale and marketing of the product. It also gave companies the opportunity to look after their supply chain relationship and business models for the future.
Main impact factors: analysis of market scenarios, trends, drivers and impact analysis
- The surge of urbanization, the increase in disposable income of the population, the increasing trend of bread and cakes among millennials, the developments in bakery and the ever-changing inclination of buyers are stimulating the market growth. Nowadays, these products show improvements such as gluten-free or low-fat baked goods, but the associated health issues and consumer awareness of the diet prevail as a limitation on the growth of the market.
- The current population is coordinating strongly on the online platform, creating the need for marketers to grow their business through online stages as well. For this, the main market players are developing an online distribution channel mode in which customers can order according to their choices or the list of accessible alternatives, which not only saves time but facilitates the placing of orders and the deliveries.
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The trends in the global bread market are as follows:
Cakes and pastries in high demand in the bread market
The pastry and bakery segment is the fastest growing segment in the bread market. This is because cake products are highly personalized and rich in cream, taste, flavor and nutrition. The segment is growing due to the demand for cakes and pastries at parties, birthdays and other events. The cake is a common item for the celebration and an edible dessert. This following trend leads to growth of the bread market during the forecast period.
Cake and pastries typically cost more than normal pieces of bread produced in store bakery industries, but the great accessibility of choices, customization, and expanded options entice customers to make a purchase, ultimately fueling revenue for segment and industry. The major market players are offering to deliver the new custom baked cakes, which drives the growth of the bread market during the forecast period.
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Main advantages of the report:
- This study presents the analytical representation of the bread market along with current trends and future estimates to determine impending pockets of investment.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global bread market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario of the global bread market.
- Porter’s Five Forces Analysis illustrates the power of buyers and suppliers in the marketplace.
- The report provides a detailed analysis of the global bread market based on the intensity of competition and how the competition will take shape in the coming years.
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