New York, October 21, 2021 (GLOBE NEWSWIRE) – The new research study on the Bread market size and forecasts until 2027 by type of product (breads, baguettes, rolls, hamburger buns, sandwich bread, ciabatta, others); Nature (Conventional, Organic); Distribution channel (hypermarkets and supermarkets, convenience stores and retail stores, online, other) and geography with COVID-19 pandemic impact assessment and global analysis available at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00007759
Bread market: competition landscape and key developments
Associated British Foods Plc, Almarai Company, Barilla G. E R. Fratelli SPA, Aryzta Ag, Britannia Industries Ltd, Campbell Soup Company, Finsbury Food Group Plc, Fuji Baking Co. Ltd and Goodman Fielder Pty. Ltd are among the key companies. operating in the global bread market. Companies in this market have continuously focused on strategies such as product development, strategy and business planning to expand their presence worldwide and meet the growing demand for bread and its varieties.
Bread is a household staple and there has been an increasing demand for a wider variety of breads such as breads, baguettes, rolls, hamburger buns, sandwich bread and bread. ciabatta. The increasing use of these products by B2B industries such as HORECA, QSR, coffee shops and others, as well as households, has driven the growth of the market. Additionally, the demand for low-carb, high-fiber, multigrain and fortified bread due to the growing health awareness among consumers has provided lucrative opportunities for bread makers. Apart from this, rapid urbanization, increasing industrialization and increasing disposable income are supporting the growth of the bread market in developing countries.
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In 2018, Europe held the largest share of the global bread market. The largest market share in this region is mainly attributed to the presence of large manufacturers in the region. The transformation of the lifestyles and eating habits of consumers has had a significant influence on the bread market in Europe. Although bread consumption in Europe is stable and the bread market is not likely to grow intensely, there is a continued demand for a greater variety of breads in many countries. Besides convenience, European consumers prefer natural, wholemeal breads with other ingredients such as oats, bran and seeds. This fact encouraged European artisan and industrial bakers to innovate in their products.
The increasing priorities of consumers and their growing preference for consuming healthier foods have increased the demand for organic food products. To reduce carbohydrates and increase protein intake in the daily diet, consumers adopt ketogenic or paleo diets. Bakers are continually engaged in the introduction of new and innovative products to stay competitive in the market and attract customers. For example, bakers create traditional breads and loaves using an unusual combination of ingredients such as carrots, beets, spinach, and other vegetables. They also incorporate cumin, turmeric, and cinnamon as a special ingredient to experiment with flavors. This has helped bakers gain traction with consumers as they appeal to their demand for more healthful foods.
Bread market: segmental overview
Based on the type of product, the market is segmented into breads, baguettes, buns, hamburger buns, sandwich bread, ciabatta and others. In 2018, the bread segment held more than 25% of the global bread market, followed by sandwich bread.
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Based on nature, the bread market is divided into conventional and organic. The conventional segment dominated the global bread market in 2018, while the organic segment is expected to grow at a faster rate during the forecast period.
In terms of distribution channel, the market is segmented into hypermarkets and supermarkets, convenience stores and retail stores, online and others. The convenience store and retail segment dominated the global bread market in terms of value in 2018.
Impact of the COVID-19 pandemic on the bread market:
COVID-19 started in Wuhan, China in December 2019 and since then it has spread at a rapid rate across the world. The United States, India, Brazil, Russia, France, United Kingdom, Turkey, Italy and Spain are among the most affected countries in terms of confirmed cases and reported deaths. COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans and business closures. The closure of various factories and factories has affected global supply chains and negatively impacted manufacturing, delivery schedules and product sales in the global market. Few companies have yet announced possible delays in product deliveries and a decline in future sales of their products. In addition to this, global travel bans imposed by countries in Europe, Asia-Pacific and North America affect business collaborations and partnership opportunities.
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Key questions to ask for the bread market:
- Which region is the most lucrative in the global bread market?
- Can you list some of the major players operating in the global bread market?
- Based on the distribution channel, which segment dominates the global bread market?
- Based on the type of product, which segment dominates the global bread market in 2018?
- What are the major factors influencing the growth of the global bread market?
- What are the most adopted growth strategies in the global bread market?
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