Market Snapshot:
The baking industry is slowly moving from its fast pace mass production to the original style of baking based on greater health benefits and superior quality derived from sourdough products. As the population is growing, its food habits are changing and the consumers are driving towards a low calorie and gluten-free diet. Major factors responsible for the growth of the sourdough market are the change in dietary habits, busy lifestyle, change in routines & culture of people in the developing nations. The demand for cookies, cakes, waffles, and pizza are increasing at a significant rate and are expected to provide lucrative growth opportunities in the sourdough market. Moreover, adoption of westernized lifestyle, focus on healthier lifestyles, greater nutrition awareness, and an increase in disposable income are some of the other factors that are responsible for the growth of the sourdough market. As per latest study released by AMA Research, the Global Sourdough market is expected to see a Growth Rate Of 7.12.
Highlights from Sourdough Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | Europe |
Unit | Value (USD Million) |
CAGR | 7.12% |
The key Vendors profiled in the report are Puratos (Belgium), Boudin SF (United States), Riverside Sourdough (United Kingdom), Lallemand (Canada), Truckee Sourdough Company (United States), Gold Coast Bakeries (United States), Alpha Baking Co. Inc. (United States), Josey Baker Bread (United States), Bread SRSLY (United States), Morabito Baking Co. Inc. (United States) and The Bakers (Sweden).
Geographic Breakdown and Segment Analysis
The Global Sourdough market presents a comprehensive analysis of the Sourdough market by product type (Type I Sourdough, Type II Sourdough and Type III Sourdough), by end-user/application (Bread, Cookies, Cakes, Waffles, Pizza and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Sourdough industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the Europe holds majority of market share of the Sourdough market
Analyst at AMA have segmented the market study of Global Sourdough market by Type, Application and Region.
Influencing Trend:
Increasing Demand for Gluten-Free Sourdough Products and Growing Consumer Inclination towards Healthy Consumption Habits
Market Growth Drivers:
Increasing Demand for Sourdough Bread and Rising Consumer Demand For and Healthy & Naturally Baked Products
Challenges:
Lack of Awareness in the Emerging Economies
Restraints:
Stringent Government Regulations for Food Products
Opportunities:
Changing Consumer Lifestyles & Increasing Health Consciousness among Consumers and Rising Demand from the Developing Economies
Market Developments Activities:
On 21 December 2020, Lallemand Bio-Ingredients, a Canadian developer and producer of yeasts, bacteria, and enzymes for baking, foods, nutrition, alcohol, and biofuel, recently announced that its subsidiary, Danstar Ferment AG, signed an agreement to purchase Biotec BetaGlucans AS (BBG), a wholly-owned subsidiary of ArticZymes Technologies (AZT), effective
On 15 September 2021,Artisan Indian bakery brand The Baker’s Dozen is launching India’s first ‘The House of Sourdough’ in Bengaluru. The House of Sourdough will have an interactive wall where visitors can get a wonderful sensory experience of selecting hand-picked ingredients, observing mixing and shaping of the dough, the process of baking and finally tasting the delicious loaves with various accompaniments.
The global sourdough market is highly competitive in nature having a large number of domestic and multinational players competing for market share and with innovation in products being a major strategic approach adopted by leading players. Additionally, mergers, expansions, acquisitions, and partnership with other companies are common strategies to enhance the company's presence and boost the market.
Key Target Audience
Sourdough Manufacturers, Research and Development Institutes, Potential Investors, Raw Material Suppliers, Nationalized Laboratory, Research Organizations, and Consulting Firms, Trade Associations and Industry Bodies and Others