Global Specialty Bakery Market to Grow by $ 10.54 Billion During 2020-2024 | Featuring Aryzta AG, Conagra Brands Inc., and Dawn Food Products Inc. Among Others | Technavio
LONDON--(BUSINESS WIRE)--Dec 15, 2020--
Technavio estimates the global specialty bakery market to grow by USD 10.54 billion, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Specialty Bakery Market 2020-2024 (Graphic: Business Wire)
The market is driven by the growing demand for functional ingredients. However, the low popularity of specialty bakery products might challenge growth.
Specialty Bakery Market: Product Landscape
Based on the product, the market saw maximum growth in the specialty bread segment in 2019. The segment is driven by the growing preference for vegan, healthy, and low-calorie foods and the easy availability of healthy varieties of bread. The market growth in the segment will be significant over the forecast period.
Specialty Bakery Market: Geography Landscape
37% of the market’s growth originated from North America in 2019. The growing demand for convenience foods and on-the-go snacks is fueling the growth of the specialty bakery market in North America.
The US is the key market for specialty bakery in North America. Market growth in this region will be slower than the growth of the market in APAC and MEA.
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Major Three Specialty Bakery Market Vendors:
Aryzta AG operates its business through segments such as Europe, North America, and Rest of the World. Key products offered by the company include Gluten Free Multigrain Artisan Sliced Sandwich Bread and Pesto & Tomato Meltzarella.
Conagra Brands Inc.
Conagra Brands Inc. operates its business through segments such as Grocery and Snacks, Refrigerated and Frozen, International, and Foodservice. Key products offered by the company include Creamy Parmesan Chicken Pot Pie and Chocolate Brownie Cream Pie.
Dawn Food Products Inc.
Dawn Food Products Inc. operates its business through segments such as Artisanal bakeries, Supermarket bakeries, Foodservices, and Manufacturers. The company provides different bakery products to manufacturers of bakery and other food products.
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Related Reports on Consumer Staples Include:
Global Bakery Market – Global bakery market is segmented by product (bread and rolls, cakes and pastries, cookies, and others) and geography (APAC, Europe, MEA, North America, and South America). Get a free sample report to know more
Global Bread Market – Global bread market is segmented by product (artisan bread, packaged bread, and others), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America). Get a free sample report to know more
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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What our reports offer:
- Market share assessments for the regional and country-level segments
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INDUSTRY KEYWORD: RETAIL SUPERMARKET FOOD/BEVERAGE
SOURCE: Technavio Research
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PUB: 12/15/2020 05:00 AM/DISC: 12/15/2020 05:00 AM