Selbyville, Delaware, Jan. 13, 2020 (GLOBE NEWSWIRE) —
Market value of packaged bread in the United States is expected to exceed $24 billion by 2026, according to a new research report from Global Market Insights, Inc. Rising production and consumption of feed grains, coupled with the development of retail chains, is driving the market share.
The fresh bread segment dominated with over 80% market share over the study period. This can be attributed to the increasing consumer preference to opt for freshly cooked products for their daily meals. These breads are usually baked in a day and have a limited shelf life for use as an edible. Improved calcium and vitamin content along with lower prices than frozen variants will further increase the US market share during the study period.
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The inorganic bread segment includes all types of conventional bread. The segment will show a growth rate of around 1.5% over the forecast period. Lower bread prices coupled with easier availability in a large network of stores and supermarkets will further boost demand from the US market. Additionally, the availability of multiple bakers and companies offering inorganic bread with multiple size and weight options will further expand the market size.
Some of the key findings of the US Retail Packaged Bread Market report include:
- The market is moderately fragmented in nature
- Fresh bread is the most popular bread category, but frozen breads are gaining acceptance.
- Industry players are focusing on cost optimization strategies, including optimizing supply chain networks as well as upgrading their machinery to improve long-term operational expenses.
- Some of the major manufacturers operating in the US retail packaged bread industry include Bimbo Bakeries USA, Inc, Flowers Foods, Inc, Gonnella Baking Co. and others.
The breadsticks segment will represent approximately 15% of the US retail packaged bread market over the study period. These products are usually crispy and are served with soup. These products are usually available in different flavors and variations, which makes them popular with consumers in the United States. The industry players are focusing on improving their market share by launching new products to increase their market share. For example, in March 2018, Ellio’s Pizza announced the launch of a new line of breadsticks made without any artificial preservatives, making them ideal for adults and children.
Browse key industry information spread over 124 pages with 95 market data tables and 21 report figures and graphs, “U.S. retail packaged bread market by product (frozen, fresh), by ingredient (organic, inorganic), by recipe (breadsticks, sandwich bread, buns and buns), by distribution channel (supermarkets and hypermarkets, convenience stores, stores Online), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share and Forecast, 2019-2026in detail with the table of contents:
Supermarkets and hypermarkets will see growth of around 2.5% CAGR due to the convenience offered to consumers to facilitate shopping for multiple products. Moreover, these markets usually stock products of several brands with different price ranges and offer variations aimed at diverse customers. Occasional offers and programs play an important role in attracting consumers to these stores, thereby enhancing the U.S. retail packaged bread market share over the study period.
The Northwest US retail packaged bread market accounted for a respectable share of over 20% during the study period. Additionally, the region is expected to show healthy growth over the study period. Industry players in the region are investing in innovations and new bread-making techniques to improve nutritional content and meet the needs of a wide customer base. For example, SEYLOU works with local farmers to produce 100% whole grain organic breads.
Large supermarket and hypermarket chains are investing in diversified strategies to develop their business activities. For example, Walmart announced the launch of its strategy to have customers place their orders online while traveling to nearby supermarkets to receive their products.
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Browse related reports:
US frozen bakery market Trends by product (ready to rise, ready to bake, fully baked), recipe (bread, pastries, pastries, savory snacks), end user (convenience stores, hypermarkets and supermarkets, artisan bakers, HORECA, bakery chains) Analysis report Industry, Application Potential, Price Trends, Competitive Market Share and Forecast, 2018-2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services; offering syndicated and custom research reports as well as growing consulting services. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed using proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.