Easy availability and convenience has increased the demand for bakery products on a global level.
Bakery products generate higher revenue amongst the various other types of foods. The changing consumption pattern has increased the demand for bakery products in recent years. Bakery foods offer convenience and provide a low cost source of energy, which is important for those who travel to work and rely on such foods for their first meal of the day. Many baked products incorporate high levels of fat, sugar, and sometimes fruit or nuts, and this will increase the energy content of such products. Advancement in processing technology has enabled inclusion of various ingredients that augment taste, appearance and overall nutritive value of baked products; this is supporting the growth of bakery products market.
The demand for healthy convenience foods is increasing. Convenience, enhanced packaging and availability of various bakery products such as breakfast foods, sweet and savory snacks is supporting the market growth globally. Bakery products are available in wide range of varieties which attracts the consumers to experiment within the provided wide range of products.
However, the increasing health awareness amongst the consumers has resulted in their shift in preferences of food. The wide variety of options available for consumer has led to variations in consumers preferences for food products. The shifting consumption pattern and increasing population of consumer adopting healthy life-style might refrain the growth of bakery products market. There has been increasing controversies about less nutrients and spoilage due to microbial contamination which has declined the consumption of bakery products amongst the health conscious consumers.
Feb 2017 International bakery group Lantmannen Unibake has acquired of Anderson Bakery, a baguette bakery in the Stockholm area, which was owned by Sven-Ake Andersson and Peter Wiberg. Strategic acquisition will help in strengthening company’s presence globally.
Jul 2017 Grupo Bimbo S.A.B. de C.V. has acquired Chicago-based East Balt Bakeries. This acquisition will help the company to maximize its production capacity.
Feb 2016 United Biscuits, a leading international manufacturer of biscuits, snacks and cakes, has announced its new product launch of McVitie’s Digestives Nibbles. The launch of McVitie’s Digestives Nibbles is a significant moment for UB which is projected to break new ground in sweet biscuits.
June 2016 Europastry S.A., has purchased bread and baked goods producer and distributor Sualba. With this acquisition, Europastry S.A. will strengthen its presence in the Valencia Region. Also, this initiative will add value products in the bakery sector.
Competitive Analysis:
Key players are focusing on acquisitions to expand their businesses across the globe. Acquisition has become the major strategy for key players in the last few years. Business expansions and new product launches are two main factors which are contributing significantly in order to help the company to increase their production capacity in order to fulfill increasing demand for various bakery products.
The key players profiled in bakery products are Barilla Holding S.p.A. (Italy), Britannia Industries Limited (India), Grupo Bimbo, S.A.B. de C.V. (Mexico), Mondelez International, Inc. (U.S.), General Mills, Inc. (U.S.), Dunkin' Donuts LLC (U.S.), and United Biscuits among many others.
The global bakery products market has been divided into type, form, claim, and region.
On the Basis of Type: Cake, B
Market Overview:
Easy availability and convenience has increased the demand for bakery products on a global level.
Bakery products generate higher revenue amongst the various other types of foods. The changing consumption pattern has increased the demand for bakery products in recent years. Bakery foods offer convenience and provide a low cost source of energy, which is important for those who travel to work and rely on such foods for their first meal of the day. Many baked products incorporate high levels of fat, sugar, and sometimes fruit or nuts, and this will increase the energy content of such products. Advancement in processing technology has enabled inclusion of various ingredients that augment taste, appearance and overall nutritive value of baked products; this is supporting the growth of bakery products market.
The demand for healthy convenience foods is increasing. Convenience, enhanced packaging and availability of various bakery products such as breakfast foods, sweet and savory snacks is supporting the market growth globally. Bakery products are available in wide range of varieties which attracts the consumers to experiment within the provided wide range of products.
However, the increasing health awareness amongst the consumers has resulted in their shift in preferences of food. The wide variety of options available for consumer has led to variations in consumers preferences for food products. The shifting consumption pattern and increasing population of consumer adopting healthy life-style might refrain the growth of bakery products market. There has been increasing controversies about less nutrients and spoilage due to microbial contamination which has declined the consumption of bakery products amongst the health conscious consumers.
Feb 2017 International bakery group Lantmannen Unibake has acquired of Anderson Bakery, a baguette bakery in the Stockholm area, which was owned by Sven-Ake Andersson and Peter Wiberg. Strategic acquisition will help in strengthening company’s presence globally.
Jul 2017 Grupo Bimbo S.A.B. de C.V. has acquired Chicago-based East Balt Bakeries. This acquisition will help the company to maximize its production capacity.
Feb 2016 United Biscuits, a leading international manufacturer of biscuits, snacks and cakes, has announced its new product launch of McVitie’s Digestives Nibbles. The launch of McVitie’s Digestives Nibbles is a significant moment for UB which is projected to break new ground in sweet biscuits.
June 2016 Europastry S.A., has purchased bread and baked goods producer and distributor Sualba. With this acquisition, Europastry S.A. will strengthen its presence in the Valencia Region. Also, this initiative will add value products in the bakery sector.
Competitive Analysis:
Key players are focusing on acquisitions to expand their businesses across the globe. Acquisition has become the major strategy for key players in the last few years. Business expansions and new product launches are two main factors which are contributing significantly in order to help the company to increase their production capacity in order to fulfill increasing demand for various bakery products.
The key players profiled in bakery products are Barilla Holding S.p.A. (Italy), Britannia Industries Limited (India), Grupo Bimbo, S.A.B. de C.V. (Mexico), Mondelez International, Inc. (U.S.), General Mills, Inc. (U.S.), Dunkin' Donuts LLC (U.S.), and United Biscuits among many others.
