Markets
Bakery Ingredients Market Set to Witness Growth at CAGR 6.4% to 2032
Innovation in bakery supplies is aimed at enhancing the nutritional profile of products and addressing their calorie density, among other things. Consumer awareness regarding calorie density is increasing, as is the need for healthier food…
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Plant-based Food Market to Reach USD95.52bn by 2029
According to a new market research report published by Meticulous Research, the plant-based food market is expected to grow at a CAGR of 12.4% from 2022–2029 to reach USD95.52bn by 2029. The plant-based food sector has been growing rapidly…
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Packaged Bread Market Expanding at 4.6% CAGR, to Reach a Value of USD66.5bn by 2032
The global packaged bread market is set to witness growth at a CAGR of 4.6% and top a valuation of USD66.5bn by 2032, according to research from Future Market Insights. Bread packaging has not been quite the same as it was before the…
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Global Snack Market to Grow by USD260.88bn
The global snack market size is expected to increase by USD260.88bn between 2020 and 2025, according to a new report by research company Technavio. The market registered year-over-year growth of 5.11% in 2021 and is expected to grow at a…
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Sales of Chocolate and Candy Hit All-time High
In 2021, chocolate and candy sales were up 11% over 2020, and up 15.4% over 2019 as consumers increasingly focused on seasonal celebrations, sharing and gifting, and emotional well-being, according to the third annual State of Treating…
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Savory Snack Products Market Worth USD263bn by 2027
According to a recent report published by MarketsandMarkets, the global Savory Snack Products Market size is estimated to be valued at USD203.9bn in 2022 and is projected to reach USD 263bn by 2027, recording a CAGR of 5.2% during the…
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Price Increases to Boost Sales Gains for Grain-based Foods
US demand for grain-based foods is forecast to grow 2.5% annually in nominal terms through 2025, according to Grain-Based Foods: United States, a report recently released by Freedonia Focus Reports. Suppliers are projected to benefit from…
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Egypt Considers Bread Subsidy Overhaul as Global Inflation Increases
Egypt is considering replacing a popular bread subsidy with cash payments for the poor to protect the budget from soaring global wheat prices, but domestic inflation and a history of protests could make the government opt for a less…
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Frozen Pizza Market to Record 4.6% YoY Growth
The frozen pizza market size is expected to increase by USD4.17bn from 2020 to 2025, with an accelerated CAGR of 4.61%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario,…
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Soaring Wheat Prices Push Bread Costs Up
Wheat prices have surged from the U.S. to Russia, hitting a record in Europe and raising bread costs all over the world. And there may not be much relief soon, according to Bloomberg. The crop was hit by droughts, frost and heavy rain this…
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Puratos’ Taste Tomorrow Survey Reveals New Trends Impacting Global Food Production
During its two-day Taste Tomorrow event, Puratos unveiled brand new insights that show seismic changes in consumer habits and preferences that have implications for all players in bakery, patisserie and chocolate. In an exclusive, immersive…
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Pizza Crust to Register 6% CAGR for Frozen Bakery Products, Remaining Top-Selling Product
According to a recent market intelligence study, the global sale of frozen bakery products will reach a market value of USD51.6bn by registering a healthy CAGR of 6.3% from 2021-2031. Increasing inclination towards fast food and hectic…
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Chinese Mooncakes Experience Booming Sales in the US
Suzhou Dao Xiang Cun, an established traditional pastry manufacturer in China, said that in recent years, Mid-Autumn Festival has been starting to catch the attention of shoppers worldwide, reflected in the robust growth of the firm's…
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Functional Ingredients Market Size to Reach USD109.2bn in 2028
The global functional ingredients market size reached USD67.9bn in 2020 and is expected to register a steadily inclining revenue CAGR during the forecast period, according to latest analysis by Emergen Research. Encapsulating technology…
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Thin Crust Frozen Pizza to Account for 63% of Frozen Pizza Sales
Frozen pizzas are simple to prepare and time efficient, and their convenience is driving frozen pizza sales among urban consumers with hectic lifestyles. Market Analysis presents optimistic growth outlook, projecting frozen pizza sales to…
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Production of Food Processing and Packaging Machinery Decreased in 2020
According to a recently published report by the VDMA Food Processing and Packaging Machinery Association, since the financial and economic crisis of 2009, there has only ever been an upwards trend for food processing and packaging…
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One in 20 New Chocolate Launches is Vegan
Chocolate innovation slumped 25% over the past 12 months, according to Mintel Global New Products Database (GNPD). The study shows that Easter chocolate accounted for one in 10 (10%) chocolate product launches globally in the last 12…
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New Export Target for Turkish Confectionery
Turkey’s confectionery and chocolate industry has set an export target of USD1.5bn for 2021, according to a trade body quoted by Anadolu Agency. During the COVID-19 pandemic, the industry’s exports stood at USD1.3bn in 2020, per a statement…
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