Scope of the Study
The specialty bakery market comprises bakery food products that are made and customized to customer's tastes, desires, needs, and demands. The specialty bakery market keeps into consideration the dietary needs of the people along with the special needs of the consumers who are allergic or sensitive to certain foods. A bakery specializing in the production of one or a small number of baked goods. A wedding cake store, for instance, would be called a specialist bakery since they are specialized in producing one product form especially well. Specialty bakeries often provide versatility, because while the consumer focuses on a specific product category, the user can choose to manufacture it either in a retail or wholesale setting. Allergy-friendly & health-conscious bakeries provide vegetarian as well as gluten-free baked goods also fall into the category of specialties.
The market study is being classified by Type (Specialty Bread {Pita Bread, Rye Bread, Others}, Specialty Cookies {Almond Glaze, Cherry Chocolate Chip, Carrot Cake, Others}, Specialty Cakes and Pastries {Butter Cake, Pound Cake, Sponge Cake, Others}, Specialty Crackers and Pretzels, Specialty Doughnuts and Others) and major geographies with country level break-up.
Aryzta Ag (Switzerland), Grupo Bimbo, S.A.B. de C.V. (Mexico), Flowers Foods (United States), Yamazaki Baking Co., Ltd. (Japan), Europastry SA (Spain), Lantmannen Unibake International (Denmark), Premier Foods PLC (United Kingdom), Rich Products (United States), Vandemoortele Bakery (France) and Harry-Brot GmbH (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Mantinga (Lithuania) and Il Germoglio Food Spa (Italy).
The global specialty bakery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Research Analyst at AMA predicts that Switzerland Vendors will contribute to the maximum growth of Global Specialty Bakery market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Specialty Bakery market by Type, Application and Region.
On the basis of geography, the market of Specialty Bakery 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
- Rising Demand for Ready to Bake Bakery Products
- Growth in Food Service Channels across the world
- Changes in Consumer Tastes regarding Food products
Market Trend
- Rising Number of Customer from Online Channel
- Growing Demand for Gluten-Free Products Worldwide
Restraints
- Inadequate Financial Management as Well as Less Marketing Campaigns
- Stringent Government Regulation regarding Bakery Products
Opportunities
- Growing Demand from Emerging Economies, including China, India, among others
Challenges
- Lack of Awareness in Some Region
According to the Food Safety and Standards Authority of India (FSSAI), “Bakeries, sweet shops, restaurants besides packaged food companies will now be allowed to use the “Trans Fat-Free” logo at their outlets and on their products, if they comply with the norms notified”.
Key Target Audience
Specialty Bakery Manufacturers, Food Industry and Frozen food suppliers, Bakery Industry and Retailers and wholesalers, Traders, importers and exporters and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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