Report : Bread Market to 2027 - Global Analysis and Forecast 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 Geography
Rising demand for functional and clean label food products is projected to escalate the bread market at a CAGR of 3.6%
The latest market study on "Global 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)". The global bread market is accounted to US$ 190,550.0 Mn in 2018 in 2018 and is expected to grow at a CAGR of 3.6% during the forecast period 2019 - 2027, to account to US$ 260,930.3 Mn by 2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Under the product type segment, the loaves segment accounted for the largest share in the global bread market. A loaf is a type of bread with elongated and rounded structure. It is common to bake bread in a rectangular-shaped bread pan, which is also called as a loaf pan, as some kinds of bread dough tend to collapse and spread out during the baking process. Dough with a denser viscosity can be hand-molded into the preferred loaf shape and baked on a flat oven tray. The form of the dough with a diluter viscosity can be preserved with a bread pan of which the sides are higher than the unbaked dough. The shaping of loaf bread into various shapes such as rectangular, squared or round makes it ideal for sandwiches, burgers and other types of bread that have been a notable factor for the rising demand of bread loaves all over the world and has helped to propel the bread market all over the globe.
Bread is a staple food that constitutes a significant part of daily consumer diet, has tailored to more functional demand. Fresh multigrain, low-carb, high-fiber, and fortified bread that appeals to health-conscious consumers has prompted the growth of the bread market. Besides, owing to their functional health benefits several functional ingredients such as yogurt, yeast are used as natural preservatives, antioxidants, and enzymes in bread. Organic, natural, and health claims on bread are the vital attributes that attract the consumer in large numbers. Consumer preference for health trends such as cholesterol reduction, weight management, high protein, and sugar control are encouraging market players to develop new & innovative health beneficiary products. Thus they are focusing on the introduction of products that are clearly labeled, free from additives, and provides nutritional benefits to the consumer. Rising consumer preference for value-added, ethnic, fresh, and artisanal bread is expected to drive the sales of bread oncoming years.
The market for global bread is concentrated with some very well-established players. Some of the key players in the global bread market include Associated British Foods Plc, Almarai Company, Barilla G. E R. Fratelli S.P.A, Aryzta Ag, Britannia Industries Ltd, Campbell Soup Company, Finsbury Food Group Plc, Fuji Baking Co., Ltd., And Goodman Fielder Pty., Ltd among others among others.
Global Bread Market - By Region Breakdown, 2018