Strong growth in organised and unorganised distribution or retail network to escalate the Asia Pacific bread market at a CAGR of 4.5%
Latest market study on “Asia Pacific Bread Market to 2027 - Analysis and Forecasts by Product Type (Loaves, Baguettes, Rolls, Burger Buns, Sandwich Bread, Ciabatta, Others); Nature (Conventional, Organic); Distribution Channel (Hypermarkets and Supermarkets, Convenience and Retail Stores, Online, Others), and Countries”. Bread is among the household staples and there has been an increasing demand for greater variety of bread such as loaves, baguettes, rolls, burger buns, sandwich bread, ciabatta among others. The Asia Pacific bread market is accounted to US$ 41,334.3 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2019 - 2027, to account to US$ 61,318.6 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Supermarkets and hypermarkets, convenience stores, independent retailers, artisanal bakeries, and online stores, among others, are the major distribution channels for the bread market. Improvement in the distribution or retail networks of these distribution channels has uplifted the bread market at a significant rate as these channels are a feasible way for customers to buy these products. The availability of a wide range of bread and related products at a reasonable rate has attracted consumers to buy from supermarkets and hypermarkets. Not only the household, but the B2B consumers also prefer to buy bread form these channels due to cost-effectiveness. Apart from this, improvement in the distribution channels in emerging countries like India has encouraged middle-class people to spend more on these food products. Besides, the factors such as busy & hectic life schedules resulting in less or no time for cooking meals at home have raised the demand for convenient and packaged food that supports the sales of bread and related bakery products. Rising disposable income and the inclination of consumers towards exploring new tastes & flavors are responsible for driving heavy traffic at restaurants, QSRs, and cafes. The trend of hanging out at these places is very common among youngsters, especially teenagers. This fact is responsible for the growth of fast-food, which indirectly drives the growth of the bread market in the Asia Pacific region
The market for Asia Pacific bread is concentrated with some very well-established players. Some of the key players in the Asia Pacific bread market include Associated British Foods plc, Cargill, Incorporated, Barilla G. e R. Fratelli S.p.A, Aryzta AG, Fuji Baking Group, Britannia Industries, CSC Brands, L.P., Finsbury Food Group Plc, Goodman Fielder, and Premier Foods Group Limited amongst the others.
The report segments the Asia Pacific Bread market as follows:
Asia Pacific Bread Market - By Product Type
Asia Pacific Bread Market - By Nature
Asia Pacific Bread Market - By Distribution Channel
Asia Pacific Bread Market - By Country
Contact Person: Sameer Joshi
Email Id: firstname.lastname@example.org