What is Packaged Bakery Products Market?
The packaged bakery products include bread, rolls, cookies, pies, pastries, and muffins, are usually prepared from flour or meal derived from some form of grain. Packaging plays a vital part in drawing in clients towards the items which are offered by the producers. Aside from this, it is utilized for protection at the time of transportation, recognizable proof, and to help in separating one producers’ item from the contender’s items accessible in the market. The demand of packaged bakery products is increasing due to changing lifestyle.
The market study is being classified by Type (Bread, Cakes and pastries, Cookies, Crackers and pretzel and Doughnuts) and major geographies with country level break-up.
Finsbury Food Group (United Kingdom), Flowers Foods (United States), Grupo Bimbo (Mexico), Hostess Brands (United States), MCKEE FOODS (United States), Yamazaki Baking (Japan), American Baking (United States), Aryzta (Switzerland), BreadTalk (Singapore) and Britannia (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are EDEKA-Gruppe (Germany), Edwards Cake & Candy Supplies (United States), George Weston (Canada) and Hillshire Brands (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Packaged Bakery Products market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Packaged Bakery Products market by Type, Application and Region.
On the basis of geography, the market of Packaged Bakery Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Changing lifestyle of people owing to increasing workload
- Benefits such as increased shelf life
Market Trend
- Growing demand of packaged food
Restraints
- Costs associated with the packaging of bakery products
Opportunities
- Increasing disposable income
- Increasing sales of bakery products
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others