Fortified Bakery Product Market Growth Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Bakery products, including bread, rolls, pies, pastries, cookies, and muffins, are prepared from flour or other grains & cooked by dry heat process in an oven. Bakery products fortified with micronutrients, including vitamins, minerals, and proteins, increase their health-promoting effects such as improved metabolism with controls of bad cholesterol. Availability of varieties of bakery products such as gluten-free, sugar-free, low-calorie, organic, and fortified has attracted a large number of the population towards fortified bakery products owing to their various health benefits.

MARKET DYNAMICS

The fortified bakery product market has witnessed significant growth owing to factors such as increasing health consciousness among consumers going for an all-around nutrient-rich diet. The ever-increasing population, the changing eating behaviors, and growth in the female working population have contributed significantly to the growth of the bakery industry. The fortified bakery market, including cakes, cookies, biscuits, pancakes, cupcakes, enriched with various nutrients, has uplifted the global market to a great extent. Additionally, rising awareness of weight management is foreseen to uplift the sales of gluten-free and low-calorie bakery products. This is further contributing to studied market growth. However, fluctuating prices of raw materials may hamper the growth of the fortified bakery product market. Nevertheless, with the steady growth in the food processing industry and agriculture industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Fortified Bakery Product Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the fortified bakery product market with detailed market segmentation by product type, category, distribution channel, and geography. The global fortified bakery product market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading fortified bakery product market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global fortified bakery product market is segmented on the basis of product type, category, and distribution channel. On the basis of product type, the fortified bakery product market is segmented into cakes & pastries, breads & rolls, and cookies & biscuits. The fortified bakery product market on the basis of the category is classified into gluten-free and conventional. On the basis of distribution channel, global fortified bakery product market is supermarkets & hypermarkets, convenience stores, online stores, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global fortified bakery product market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The fortified bakery product market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the fortified bakery product market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the fortified bakery product market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global fortified bakery product market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from fortified bakery product market are anticipated to lucrative growth opportunities in the future with the rising demand for fortified bakery product in the global market. Below mentioned is the list of few companies engaged in the fortified bakery product market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the fortified bakery product market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Associated British Foods PLC
  
•   Barilla Holding S.p.A.
  
•   Britannia Industries Ltd
  
•   Dawn Food Products
  
•   Dunkin' Donuts LLC
  
•   General Mills, Inc.
  
•   Grupo Bimbo
  
•   H and S Bakery, Inc
  
•   Modern Foods Enterprises
  
•   Mondelez International, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Fortified Bakery Product Report Scope