Specialty Bakery Industry-Worldwide Industry Analysis of Growth, Trends and Forecast 2018-2023
MarketResearchNest.com adds “Global Specialty Bakery Market 2018-2022”new report to its research database. The report spread across 119 pages with table and figures in it.
Description:-
About Specialty Bakery
Specialty bakery market includes bakery food products that are prepared or customized according to the tastes, preferences, need, and demand of the consumers. The specialty bakery market keeps into consideration the dietary needs of the people along with special needs of the consumers who are allergic or sensitive to certain foods.
Research analysts forecast the global specialty bakery market to grow at a CAGR of 4.68% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global specialty bakery market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Specialty Bakery Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio recognizes the following companies as the key players in the global specialty bakery market: Aryzta, Grupo Bimbo, Flowers Foods, Lantmännen Unibake, and Yamazaki Baking.
Commenting on the report, an analyst from Research team said: “One trend in the market is emergence of hybrid bakery products. Innovation is an important tool to increase the engagement of consumers. Even in the specialty bakery products market, experimentation has become an important driver that is helping the market attract new consumers and retain them. Consumers, especially millennials, look for new varieties.”
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According to the report, one driver in the market is growing demand for functional ingredients. Functional ingredients are health-promoting and energy-boosting ingredients, which are used to enhance the nutritional value of bakery products. Some examples of functional ingredients are oats, legumes, nuts, probiotics, cereals, and fortified margarine.
Further, the report states that one challenge in the market is less popular than other bakery products. The specialty bakery market is still in introduction stage. Although the growth rate for specialty bakery foods is higher than the growth rate for other packaged bakery foods, the popularity of these products is lesser than that of fresh bakery and packaged bakery.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: - What will the market size be in 2022 and what will the growth rate be?; What are the key market trends?; What are the challenges to market growth?; Who are the key vendors in this market space?;
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