Global Bakery Products Market Boosted by Healthy Goods

The global bakery products market has witnessed a steady growth over the past few years, with some of the major driving factors including a flourishing food industry, rising health awareness among consumers and new product launches.

The latest report by IMARC Group, titled “Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, shows that the global bakery products market reached a volume of 136 million tons in 2016, showing a CAGR growth of 1.4% during 2009-2016.

Popularity of organic and healthy baked products among the health-conscious consumers is facilitating the market growth. Among bread and biscuit, bread dominates the global sales of bakery products.

Asia-Pacific is the largest market, accounting for the majority of the total share.

Rising consumer focus on nutrient-rich diet has influenced the demand for fiber- and protein-rich products, whole-grain based products, trans-fat free products and low-fat products. Along with this, organic and natural bakery products have also gained popularity among the heath-conscious consumers. Moreover, growing affluence of the middle-income group in emerging regions has created a market for artisanal bakeries which offer customized products such as artisan breads and rolls. The market is also expected to benefit from innovations in frozen bakery products such as semi-baked and unbaked doughnuts, cookies, croissants, etc. and launch of thaw and serve products. Rapid urbanization, hectic lifestyles, changing food consumption trends and convenience of bakery products are the some of the other factors facilitating the market growth.

Some of the major players include Finsbury Food Group, Grupo Bimbo, Hostess Brands, Flower Foods, McKee Foods and Yamazaki Baking.