Latest News- Packaged Bakery Products Market: Bread is expected to lead the Product segment during 2024-2028

The Packaged Bakery Products Market is being driven by Increased snacking and indulgence consumption

The Packaged Bakery Products Market is expected to grow at a CAGR of 5.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 134.5 billion. The packaged bakery products market is experiencing a significant shift in consumer preferences towards healthier options. Organic baking products and ingredients, including aluminum-free baking powder, gluten-free flour, and organic baking flour, are gaining popularity due to their perceived health benefits. However, the production cost of these organic baked goods is higher than conventional ones due to the expensive raw materials and manufacturing processes. The increasing demand for natural and organic products from health-conscious consumers is expected to fuel the growth of the organic packaged bakery products segment in the market. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Bread
  • Cakes and pastries
  • Cookies
  • Crackers and pretzel
  • Others
• Distribution Channel
  • Supermarkets and Hypermarkets
  • Online Retail
  • Convenience Stores
  • Specialty Stores
• Consumer Segment
  • Household
  • Foodservice
  • Institutional
• Type
  • Conventional
  • Gluten-Free
  • Organic
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased snacking and indulgence consumption
• Use of functional ingredients
• Growth in demand for private-label bakery products

However, the market also witnesses some limitations, which are as follows:

• Increase in in-home cooking
• Health issues related to baked goods
• Stringent government regulations

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Market Scope in Packaged Bakery Products Market Research Report

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Research Analysis Overview

The Packaged Bakery Products Market encompasses various baked goods such as bread, cakes, cookies, pastries, sweet goods, and savory baked items. Production processes include bread making, cake production methods, cookie manufacturing techniques, and pastry preparation techniques. Frozen bakery products, clean label ingredients, natural food colors, and organic certification standards are key trends. Automation, process efficiency, product quality assurance, and waste reduction are crucial. Sustainable packaging materials, ingredient traceability, production line efficiency, supply chain management, and quality control testing are essential elements. Sensory attributes profiling, consumer acceptance studies, distribution logistics, food waste minimization, product development, and new product innovation are ongoing priorities. Consumer insights research drives market growth.

Market Research Overview

The packaged bakery products market encompasses businesses engaged in the production and sale of preserved baked goods. Technavio's market analysis calculates the market size based on the consolidated revenue of these entities. Equipment manufacturers and beverage producers are excluded from this market. Factors fueling the expansion of the packaged bakery products market include the health benefits linked to minimally processed foods, such as those derived from vegetables, which contain essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C. Dough mixing techniques, oven spring optimization, leavening agent selection, shelf life extension, and packaging material choice are crucial aspects influencing market growth in this sector.. 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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