Bread market accounted for US$ 190,550.0 Mn in 2018 and is expected to grow at a CAGR of 3.6% during the forecast period 2019 – 2027, to account to US$ 260,930.3 Mn by 2027.
The European region held the largest market share in the global bread market. The production and consumption rate of bread is expanding rapidly with the rest of Europe and Germany being the major markets for the bread industry. Transforming lifestyles and food habits of the consumers has had a noteworthy influence on the bread market in Europe. Though the bread consumption in Europe is stable and the market for bread is not likely to grow intensely still there is a continuous demand for a greater variety of bread in many countries. The European market is characterized by the presence of players such as Associated British Foods plc., Barilla G. e R. Fratelli S.p.A, Aryzta AG, Britannia Industries, CSC Brands, L.P., Finsbury Food Group Plc, and Goodman Fielder, among others.
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The structure of the Bread Market report can be categorized into following sections:
Section 1: Scope of the Report & Research Methodology
Section 2: Key Takeaways
Section 3: Market variables & their impact on growth and analytical tools providing High Level Insights into the Market Dynamics and Growth Pattern
Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category which are summed up to form the Global Market.
Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.
The Bread Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.
Company Overview:
Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Financial Performance:
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product Benchmarking:
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Strategic Initiatives:
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.
Consumer inclination towards specialty & functional bread provides an opportunity for the bread market growth
Growing consumer priorities and their increasing preference towards consumption of healthier food have increased the demand for organic food products. To lower down carbohydrates and increase protein intake in the daily diet, consumers are adopting Ketogenic or Paleo diets to stay away from chronic diseases. This fact has encouraged the manufacturers to introduce new products that have low-carb, zero gluten, high protein, and fiber. Bakers are continuously engaged in introducing new & innovative products to remain competitive in the market and attract customers. For instance, bakers are creating traditional bread and loaves, by using an unusual combination of ingredients such as carrot, beetroot, spinach, and other vegetables. They are also incorporating cumin, turmeric, and cinnamon as a special ingredient to experiment with the flavors. This has helped the bakers to gain consumers’ traction as they appeal to their demand for food with greater health benefits. In addition, the bakers are using substitutes for additives & preservatives in the production of bread as the consumers are seeking for healthy options. Thus the bread producers are continuously investing in R&D with respect to ingredients to develop light, natural, low-carb, gluten-free, high protein, and additive-free bread for consumers.
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The Bread Market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.