The countries covered in the bakery and confectionary market report are Argentina Australia Austria Belgium Brazil Canada Chile China Colombia Czech Republic Denmark Egypt Finland France Germany Hong Kong India Indonesia Ireland Israel Italy Japan Malaysia Mexico Netherlands New Zealand Nigeria Norway Peru Philippines Poland Portugal Romania Russia Saudi Arabia Singapore South Africa South Korea Spain Sweden Switzerland Thailand Turkey UAE UK USA Venezuela Vietnam.ġ) By Type: Breakfast Cereal Sugar And Confectionery Products Bread And Bakery Products Cookie, Cracker, Pasta, And TortillaĢ) By Price Point: Economy Mid-Range Luxuryģ) By Distribution Channel: Supermarkets/Hypermarkets Convenience Stores E-Commerce Other Distribution Channels
The regions covered in the bakery and confectionary market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Western Europe was the second-largest region in the bakery and confectionary market. Therefore, companies in this market are expected to benefit from rising demand for bakery and confectionery products due to the rising population during the forecast period.Īsia-Pacific was the largest region in the bakery and confectionary market in 2022. Supply for materials used in bakery and confectionary and trade volumes will have to increase in order to meet the increased population. An increase in the population creates more demand for food. The world's population is growing and is expected to reach 10 billion by 2050. For instance, Zaabar, Rococo Chocolates, and Rozsavologyi Csokolade are manufacturing chocolate bars with cardamom flavouring. Using natural flavors manufacturers are imparting new and unique taste profiles into their products. According to the United States Food and Drug Administration, the term 'natural flavour' or 'natural flavoring' means the essential oil, oleoresin, essence or extractive, protein hydrolysate, distillate, or any product of roasting, heating, or enzymolysis, which contains the flavouring constituents derived from a spice, fruit or fruit juice, vegetable or vegetable juice, etc. Innovation has been key to the development of the confectionery market.
The bakery & confectionary market is expected to grow to $1216.76 billion in 2027 at a CAGR of 5.2%.Ĭonfectionery manufacturers are increasingly using natural flavours in confectionery products. The global bakery & confectionary market grew from $934.45 billion in 2022 to $993.64 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. Dublin, (GLOBE NEWSWIRE) - The "Bakery & Confectionary Global Market Report 2023" report has been added to 's offering.
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