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LONDON–(COMMERCIAL THREAD) – The size of the global bread market is expected to grow by 86.76 billion USD according to Technavio. This is a significant market growth over 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. In addition, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 6%. Request a free sample report on the impacts of COVID-19
Read the 120-page report with table of contents on ‘Bread Market Analysis Report by Product (artisan bread, packaged bread and others) and geography (Europe, North America, APAC, South America and MEA) and segment forecast, 2020-2024 â€.
https://www.technavio.com/report/bread-market-industry-analysis
The market is driven by increasing urbanization and changing lifestyles of consumers. In addition, the growing importance of in-store bakeries in supermarkets is expected to drive the growth of the bread market.
Increasing urbanization and changing consumer lifestyles are expected to be one of the key factors influencing the growth of the bread market. There has been a tremendous change in the lifestyles and eating habits of consumers over the past two decades. Increased urbanization has resulted in improved living standards and higher disposable incomes. However, the hectic lifestyles have led to deterioration of health conditions and lifestyle disorders due to poor eating habits. As such, the working population is looking for bread that is rich in protein, is convenient and can be eaten on the go. In addition, the tendency to snack between meals has also increased. In the big cities, the working class demands more on the go such as rolls, sandwiches and croissants. All of these factors are expected to drive the demand for bread, thereby boosting the market growth.
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Five big bread companies:
Associated British Foods Plc
Associated British Foods Plc operates in various segments such as grocery, sugar, agriculture, ingredients and retail. The company offers bread under various brands such as Allinson, Burgen, Patak’s, Ryvita, Tip Top and Sunblest.
Spa Barilla G. e R. Fratelli
Barilla G. e R. Fratelli Spa offers product brands such as Barilla and Filiz. The company offers breads under the Wasa and Harry’s brands.
Britannia Industries Ltd.
Britannia Industries Ltd. operates in various segments such as cookies, cakes, rusks, bread and dairy products. The company offers bread under the Britannia brand.
Finsbury Food Group Plc
Finsbury Food Group Plc operates in two segments: UK bakery and overseas. The company offers breads under the Fletchers, Kara and Nicholas & Harris brands.
Aliments Fleurs Inc.
Flowers Foods Inc. offers a variety of products such as breads, rolls, rolls, cupcakes and tortillas and is currently the second largest producer and distributor of packaged bakery food in the United States. The company offers bread under various brands such as Nature’s Own, Dave’s Killer Bread, Wonder, Sunbeam and others.
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Bread Products Market Outlook (Revenue, USD Billion, 2020-2024)
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Artisanal bread – size and forecast 2019-2024
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Packaged Bread – Size and Forecast 2019-2024
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Others – size and forecast 2019-2024
Regional Bread Market Outlook (Revenue, USD Billion, 2020-2024)
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Europe – size and forecast 2019-2024
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North America – Size and Forecast 2019-2024
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APAC – size and forecast 2019-2024
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South America – Size and Forecast 2019-2024
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MEA – size and forecast 2019-2024
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