Bread Improvers Market to Surge at Above 5.3% CAGR, Rising Demand for Healthy and Convenient Food due Outbreak of Coronavirus Propels Growth, says FMI
The global bread improvers market size is expected to reach US$ 5.3 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 5.3% CAGR between 2019 and 2029. According to the report, the growing number of convenience food stores and fast-food chains worldwide has increased the use of other bread products. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
Bread Improvers Market
A recent market study published by Future Market Insights on the Bread Improvers Market of...
It includes in-depth insights into the bread improvers market. Some of these are:
- The estimated value of the market was at US$ 3.1 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- North America is predicted to symbolize the favorable market for bread improvers in terms of usage.
- Rise in the usage of on-the-go breakfast meals owing to hectic lifestyles, increasing urbanization, and high disposable revenues amongst user will power the regional market development.
- The breads segment is estimated to account for the major share in the bread improvers market, as bread is a staple food in the major countries in the European region.
- Key players are likely to focus on product innovations to stay relevant in developed markets.
“The Asia Pacific bread improvers market is projected to be experiencing the highest growth due to the growing demand for convenience foods due to customer busy lifestyles. As a result of urbanization, hectic lifestyles and high disposable incomes, the consumption of on - the-go and ready-to-eat breakfast meals is growing,” said a lead analyst at FMI.
Consumers to Shift towards Healthier Food Options, following Coronavirus Outbreak
Increased concerns about the consistency, flavor, and texture of products worldwide drive the global bread improvers market. Demand for bakery and breads has surged amidst panic caused due to coronavirus outbreak. As consumers empty retail shelves in hysteria of trying to stock up their personal pantries a hyper-demand for breads and bakery products was observed. This is however likely to be followed by a period of sluggish demand, as consumers remain indoors following lockdown enforced to contain the spread of virus.
Despite this, expansion of food & beverage industries is likely, which is expected to drive global bread, improvers market in the coming years. In addition, increasing demand among consumers around the world for ready-to-eat food items, will propel growth in the forecast period.
Who is Winning?
The major players included in the global bread improvers market forecast are Ireks GmbH, Fazer Group, Rood Ram, CSM Bakery Solutions, Pak Holding, Nutex N.V., National Bread Improvers, Riken Vitamin, Bakels Worldwide, Group Soufflet, E.I. Du PontDe Nemours and Company, Lesaffre, Corbion N.V., Associated British Foods PLC, Pfahnl Backmittel GmbH, and Lallemand Inc. Increasing investments in R&D is projected to boost the bread improvers market growth in a positive way during the forecast period. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.
Get Valuable Insights into Clean Label Ingredients Market
Future Market Insights, in its new report, presents an unbiased analysis of the global clean label ingredients market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. In terms of product, the market can be segmented into natural colours, natural flavours, starch & sweeteners, flours, fruit and vegetable ingredient and culinary products. Based on application, the market can be classified into beverages, cereals and snacks, dairy and frozen dessert, bakery and prepared food. Based on form, the market can be bifurcated into dry and liquid. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
About Food Market Division at FMI
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from across the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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