Review of the Bakery Products Market in Europe
Total revenue for the European bakery products market was $ billion in 2013; it is expected to reach $billion in 2018, at a compound annual growth rate (CAGR) of %.
Western Europe dominated the market with a % revenue share. However, the majority of growth during the forecast period is expected to be in Eastern Europe. Frozen bakery products will drive market growth, with consumers preferring convenience foods. Organic and sustainable foods are more preferred in Western Europe because of high consumer awareness. Better economies will drive growth in Eastern Europe. Unstable raw material prices, high logistics costs, strict regulations, and market maturity inhibit growth.
About this report
The demand for specialty ingredients in bakery products is on the rise in Europe. Production of bakery goods with natural and allergy-free additives gains customer attention and loyalty. Consumer concern for holistic health has augmented the demand for the low-fat bakery products, and has resulted in higher demand for emulsifiers and starches that are used as fat replacements in multiple applications. This market insight examines the demand and trends for bakery products in Western and Eastern Europe.
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