The Muffins Market is being driven by Growing demand for portion-snacking products
The Muffins Market is expected to grow at a CAGR of 3.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1595.3 million. The health-conscious consumer trend has significantly influenced the food and beverage industry, particularly in the bakery sector. In response, muffin manufacturers are innovating by using whole wheat, whole grain, or multigrain flour in their products. Additionally, they are incorporating nutritious additions such as fruit and chia seeds to boost nutritional value and decrease calorie intake. By adhering to consumer health demands and differentiating their offerings, these companies are enhancing the nutritional profile of muffins.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
210 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.6% |
Market growth 2025-2029 |
USD 1595.3 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
3.5 |
Key countries |
US, Canada, UK, Germany, China, France, Italy, The Netherlands, Japan, South Korea, US, China, UK, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Muffins Market is witnessing a shift towards healthier options with the inclusion of whole grains and natural ingredients. Bakery ingredients now feature sugar substitutes and minimally-processed components to cater to health-conscious consumers. In-store bakeries and packaged muffins offer novel desserts using healthier substitutes like quinoa, oats, and ancient grains. Unusual ingredients such as chia seeds and avocado are being explored for savory muffins. Private label products and innovative food items made from natural ingredients are gaining popularity. However, the use of non-conventional muffin ingredients may pose health adversities if not used in moderation, such as cardiovascular diseases associated with certain sugar substitutes. Supply channels continue to evolve, with a focus on freshness and convenience.
The global packaged foods and meats market encompasses vendors engaged in food processing to ensure food safety and increase product longevity. According to Technavio, the market's size is determined by the consolidated revenue of participating companies. This market excludes equipment manufacturers and producers of packaged beverages, including alcoholic and non-alcoholic varieties. Key growth drivers for the packaged foods and meats sector include the health benefits linked to minimally processed foods, such as whole grains and sugar substitutes, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. Additionally, consumer preferences for bakery ingredients, in-store bakeries, private label products, and non-conventional ingredients contribute to market expansion. The increasing concern towards cardiovascular diseases and the subsequent demand for healthier food alternatives further propels market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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