Bread Market Size to grow by USD 116.1 billion between 2024-2028
According to a research report “ Bread Market” by Product (Artisan bread, Packaged bread, Others) Distribution Channel (Offline, Online) Geography (Europe, North America, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 116.1 billion, at a CAGR of 6.78% during the forecast period. The global bread market is experiencing significant growth due to key drivers such as the expanding urban population, increasing demand for convenient on-the-go snacks, and rising purchasing power parity in emerging economies. Urbanization has led to improved living standards and increased disposable income, yet hectic lifestyles have resulted in a need for nutritious, high-protein bread options that can be easily consumed on the go. Central and South American and APAC markets are particularly attractive due to their population growth and shifting dietary preferences. This trend is expected to continue during the forecast period..
Browse market data tables, figures, and in-depth TOC on “Bread Market” by Product (Artisan bread, Packaged bread, Others) Distribution Channel (Offline, Online) Geography (Europe, North America, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By Product, the Artisan bread segment is projected to dominate the market size in 2024
As a seasoned business analyst, I'm pleased to provide insights into the Bread Market. This dynamic industry showcases robust growth potential, with consumers demonstrating a consistent demand for various bread types. Key players prioritize innovation, quality, and affordability to cater to diverse customer preferences. Strategic partnerships, marketing initiatives, and technological advancements are crucial for market differentiation and competitive edge. Overall, the Bread Market presents lucrative opportunities for investors and businesses alike.
By Distribution Channel, Offline segment is expected to hold the largest market size for the year 2024
As a seasoned business analyst, I'm pleased to provide insights into the Bread Market. This dynamic sector experiences consistent growth, driven by consumer demand for various types of bread. Key players employ innovative strategies, including product diversification and pricing tactics, to capture market share. Market trends indicate a shift towards healthier options, creating opportunities for artisanal bakeries and specialty bread producers. Overall, the Bread Market presents a lucrative investment opportunity for businesses seeking to capitalize on evolving consumer preferences.
Europe is forecasted to hold the largest market size by region in 2024
As a seasoned business analyst, I'm pleased to provide insights into the Bread Market. This dynamic sector experiences consistent growth, driven by consumer demand for various bread types. Key players employ innovative strategies to meet this demand, including product diversification and expansion into new markets. The market's future looks promising, with opportunities for technological advancements and sustainable production methods. Overall, the Bread Market is an intriguing and lucrative business landscape.
The Bread Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The Bread Industry has seen a significant shift in consumer preferences towards healthier and more sustainable options, leading to the rise of functional food products in the market. One such trend is the production of bread with recycled plastic packaging, which reduces waste and appeals to eco-conscious consumers. E-commerce sales of bread and bakery items have surged due to the convenience factor, with platforms like Amazon Fresh and Walmart Grocery leading the way. Private labels have also gained popularity, offering consumers affordable options for specialty breads, whole meal bread, and household staples. Functional ingredients like Omega 9 and protein-rich fillings made from legumes like lentils have become common in functional food products, catering to health-conscious consumers. Freezing technology has enabled the production and delivery of fresh baked goods, ensuring a longer shelf life and maintaining the bread's freshness. Bread manufacturers have responded by introducing fortified bread, clean label bread, and regional bread specialties, adding value to their product offerings. E-commerce platforms have made it easier for consumers to access a wide range of baked goods, from artisanal loaves to household staples, with delivery methods ensuring timely and convenient delivery. Overall, the Bread Industry continues to evolve, meeting the changing needs and preferences of consumers.
Market Research Overview
The bread market is experiencing significant changes as consumer behavior shifts towards home delivery services and online grocery shopping. Whole grain and gluten-free loaves are popular choices, with bakery manufacturers focusing on direct consumer relationships through e-commerce sales. The convenience factor of e-commerce platforms has led to an increase in ecommerce sales, with freezing and private labels becoming common practices. Bread, a staple food item, is now available in various forms, including specialty bread and artisanal loaves. Whole grain and gluten-free options are increasingly preferred by health-conscious consumers. Bakery manufacturers are using natural and functional ingredients to create functional food products, such as bread with added vitamins, minerals, and supplemental nutrients. Moulins Bourgeois and Moulins Dumée are leading bakery brands offering a range of breads, from traditional to innovative. Chanvrine flour blend, Biotics, and other wholesome flour blends are used to create sugar-controlled, high-protein, and cholesterol-reducing breads. Legumes like lentils and chickpeas are also being used to create filling in bread, providing additional protein content and value to consumers. The aging population is another key demographic, with a preference for fortified bread and clean label products. Regional bread specialties are also gaining popularity, adding to the diversity of the bread market. The baking process involves using water, flour, and dough, with natural ingredients and functional ingredients being used to create a variety of textures and flavors. The bread industry continues to evolve, with a focus on sustainability and eco-friendly practices, such as recycled plastic packaging.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
