Sourdough Market Overview
Being one of the ancient forms of bread leavening, the Sourdough Market has attracted a potential group of customers. This is due to its property of consisting of high levels of antioxidants and folate. This also has comparatively low levels of folate as compared to other conventional bread. The regular usage of sourdough can help regulate the body’s metabolism and help to improve your digestion process. With the use of sourdough, there has been an increased shift of consumers towards pan-bread usage. This has effectively increased the production and adoption of sourdough products.
There has been an increasing number of food outlets by the day, and around the globe, people prefer more healthy food. This product has very high nutritional value, which has significantly increased the demand for the same in bakeries. The growing demand for bread as a snack among people around the world has greatly benefited them. The product, also being gluten-free, has helped people suffering from gluten intolerance and diseases like coeliac disease. Factors like such are majorly predicted to drive the market dynamics of the Sourdough Market. The major application industries of the market include the bread, pizza and bun industries. The forecast period of the market was predicted from 2017 to 2026, amid which healthy and substantial growth is estimated for the market.
With a growth rate of 6.8% of CAGR, the market stood at $3.2 billion at the beginning of its forecast period. Owing to the number of factors driving the market dynamics, it is predicted to stand at $6.17 billion. There have been certain factors. However, that has managed to restrain the growth and development of the Sourdough Market. The increasing prices of baked goods gave a major setback to the market. Also, there hasn’t been enough awareness about the potential and beneficial health properties of sourdough. The global pandemic also caused certain restrictions in the supply chain of the market that has led the manufacturers and the retailers to suffer a huge loss.
Despite all the driving and restraining factors, healthy growth is predicted for the market in its forecast period.
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The Sourdough Market is majorly segmented into type, ingredients and application.
By type, the divisions are Type 1, 2 and 3. By ingredients, the market is divided into oats, rye and barley. The market is again divided into pizza, cakes, loaves of bread and buns depending upon their application.
The Sourdough Market is majorly spread across parts of North America, including Chicago and the US. Spain, Italy and Russia cover major parts of Europe and parts of Asia-Pacific like India, China and Indonesia. It is also known to hold the highest shares in the market.
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Truckee Sourdough Company, Gluten-Free Sourdough Company, Ernst Böcker GmbH & Co. KG, Shepherds Artisan Bakehouse, Don Rodrigo Sourdough Bakery, and Brian’s Artisan Bread Company are some of the major key players in the Sourdough Market.
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