Publication Month: Jan 2020 | Report Code: TIPRE00007759 | No. of Pages: 154 | Category: Food and Beverages | Status: Published
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, and ciabatta. The increasing use of these products by B2B industries such as HORECA, QSRs, and cafes, along with the household, has driven the growth of the bread market. Furthermore, the demand for low-carb, high-fiber, multigrain, and fortified bread due to increase in health consciousness among the consumers have offered lucrative opportunities to bread manufacturers. The rapid urbanization, rising industrialization, and rise in disposable income also support the growth of bread market in developing countries. Bread is used in numerous traditional and fast-food dishes across the world. These dishes are consumed on a daily basis and have a consistent growth in demand due to rising global population.
The factors such as busy and hectic 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 toward exploring new tastes and flavors are responsible for driving heavy traffic at restaurants, QSRs, and cafes. The trend of hanging out at these places is prevalent among youngsters, especially teenagers. This fact is responsible for the growth of fast-food, which indirectly drives the demand for bread.
Based on product type, the bread market is further bifurcated into loaves, baguettes, rolls, burger buns, sandwich bread, ciabatta, and others. The loaves segment accounted for the largest share of the bread market in 2018. 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. Many types of mass-produced bread are squared, with well-defined edges on the bottom of the loaf. Rectangular-shaped loaves can be made more or less identical and can be shipped and packed efficiently.
Based on nature, the bread market is further bifurcated into conventional and organic. The conventional segment accounted for a larger share of the bread market in 2018. Various preservatives, such as genetically modified organisms (GMOs), are used in conventional bread. The GMOs are non-natural organisms that can affect the ecosystem. Other preservatives used are hydrogenated acid and artificial colors. These preservatives are generally added as shelf-life extenders for the bread.
Based on distribution channel, the bread market is further segmented into hypermarkets and supermarkets, convenience and retail stores, online, and others. The convenience stores & retail stores segment accounted for the largest share of the market in 2018. The main difference between a convenience store and a hypermarket or a supermarket is that the convenience stores are open till late at night. This adds an added bonus to the sales of a product, in this case, bread. The longer working hours availability of the convenience stores is beneficial for the consumers who work late and are picking up things in a hurry.
|Market Size Value in||US$ 190,550.0 Million in 2018|
|Market Size Value by||US$ 260,930.3 Million by 2027|
|Growth rate||CAGR of 3.6% from 2019-2027|
|No. of Pages||154|
|No. of Tables||77|
|No. of Charts & Figures||81|
|Historical data available||Yes|
|Segments covered||Product Type ; Nature ; Distribution Channel , and Geography|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
A few players operating in the bread market are 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. The key companies implement mergers and acquisitions, and research and development strategies to expand their customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.
The List of Companies - Global Braed Market