Market Research Future | Pune | 06/03/2019:
Growing bakery industry is supporting the growth of baked foods market at a global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Baked foods Market Research Report- Forecast to 2027 that the market will demonstrate an exceptional CAGR during the forecast period.
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The key players profiled in baked foods market are Grupo Bimbo (Mexico), Finsbury Food Group (U.K), Flowers Foods (Georgia), Hostess Brands (U.S.), McKee Foods (U.S.), Yamazaki Baking (Japan), Aryzta (Switzerland), BreadTalk (Singapore), George Weston (Canada), Hillshire Brands (U.S.), Monginis (India), and Pepperidge Farm (U.S.) among many others.
The global baked foods market has been divided into type, distribution channel, and region.
- Based on Type: baked bakery products (baked cakes & pastries, baked breads & rolls, baked donuts, baked biscuits, and other baked bakery products), baked dairy products, and others
- Based on Distribution channel: Food service, and Food retail
- Based on Region: North America, Europe, Asia Pacific, and ROW.
The global Baked Foods Market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is dominating the market followed by Europe. In North America owing to the busy work schedule, majority of the population prefers wraps, rolls and pocket sandwiches which is driving the growth of baked foods in this region. Moreover, increasing health conscious population is influencing the rising demand for baked foods.
Increasing demand for bakery products including cookies & biscuits, bread, rolls & pies, cakes & pastries and others is driving the growth of baked foods market. Rise in number of working population and inclination towards ready-to-eat products is boosting the growth of the market. Rapid urbanization is another factor supporting the growth of baked foods market. Baked foods are low in fat for which they are gaining popularity among the rising health conscious population.
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Industry/ Innovation/ Related News:
Jan 2018 Brock O’Hurn and Sarah Stage have introduced “Quest Protein Cookie” which delivers a soft and chewy baked goods texture
Oct 2017 Grupo Bimbo completed the acquisition of East Balt Bakeries, one of the leading companies of the foodservice industry, which produces and provides bakery products to Quick Service Restaurants (QSR).