The global bread and baked foods market is likely to exhibit impressive growth in the coming years thanks to the rapidly growing demand from the urban demographic, according to a new report from Transparency Market Research (TMR). The report takes a close look at the development trajectory exhibited by the bread and baked food market leading up to 2015 and elaborates on the market’s 2015 figures in order to present a detailed breakdown of the market’s latest condition. The analysis of the bread and baked food market’s 2015 figures forms a solid basis for reliable predictions regarding the market’s growth in the 2016-2024 forecast period.
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Bread and baked food is a staple diet across the world due to it being a convenient source of carbohydrates and a suitable accompaniment for a wide variety of food products. The affordable prices of most bread and baked food products have also helped ensure widespread demand and are likely to remain a key driving factor for the global market in the coming years.
The report segments the global bread market into white bread and brown bread. The baked food market is segmented into pastries, cookies, scones, and biscuits. The report presents detailed figures illustrating the performance of the market for each product segment in the historical review period and contains studied forecasts for each in the 2016-2024 forecast period.
The market for baked food products is driven primarily by the rising demand for convenience food. Due to the hectic lifestyle often adopted in urban areas, food that can be consumed with minimal preparation time has become popular, leading to a steady rise in the consumption of baked food.
The global bread market is likely to be shaped by the evolving consumer preferences in the coming years, with the popular demand for nutritious breads leading to rising production of the same. The increasing health-conscious population across the world is likely to make this a lasting feature of the global bread and baked food market in the coming years.
Regionally, the report segments the global bread and baked food market into North America, Europe, Asia Pacific, and Rest of the World. A detailed analysis of the historical and projected performance of the bread and baked food market in each region is provided in the report. According to TMR analysts, Asia Pacific is likely to dominate the global bread and baked food market in the coming years due to the rising urban population in the region and the steady entry of international bread and baked food producers.
The report presents a reliable analysis of the competitive dynamics in the global bread and baked food market by delivering detailed profiles of leading players in the market. Key companies examined in the market include Grupo Bimbo, Britannia Industries Ltd., and Nestle Chile.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.