About Fresh Baked Products
Fresh baked goods are goods prepared in bakeries and include products such as bread, cookies, muffins, pastries, and others. Artisanal bread is made using traditional techniques. It is unlike industrial, wholesale bread that is produced in large quantities. While artisanal bread is mostly handmade, many artisanal bakeries use mixers.
Breads and biscuits are the most consumed products, but the demand for other bakery items such as cakes, pastries, muffins, and cookies is also increasing. The demand for traditional bakery products has declined in mature markets, such as the Americas, and commercial bakers have expanded their portfolios with newer versions such as whole-wheat, gluten-free, and high-fiber baked goods.
Technavio’s analysts forecast the global fresh baked goods market to grow at a CAGR of 2.71% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global fresh baked products market for 2016-2020. To calculate the market size, the report considers the revenue generated from sale of the following product categories:
Technavio Announces the Publication of its Research Report – Global Fresh Baked Products Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Fresh Baked Products Market: Breadtalk, Dunkin Donuts, Einstein Bros. Bagels, Greggs, Panera Bread, and Tim Hortons.
Other Prominent Vendors in the market are: Atlanta Bread Company, Au Bon Pain, Bakkersland, Berlys, Big Apple bagels, Boudin Bakery, Bridor, Deli france, European bakery, and Olafs.
Commenting on the report, an analyst from Technavio’s team said: “The market has registered innovation in categories such as bread and pastries. More people are interested in haute cuisine, which has fresh and quality ingredients. Bakers are innovating to use elements of haute cuisine. This is expected to be a trend for innovation in complementary food, which includes bakery goods. Innovative chefs seek products that are in line with the consumer demand for healthy diets and functional properties in bakery goods. Consumers are also demanding specialty-grain bread, and whole wheat is rising at the expense of white bread product categories.”
According to the report, convenience in an important driver for the global fresh baked products market. Consumers look for tasty, convenient foods that can be consumed on-the-go like donuts, cupcakes, and pretzels. Stromboli, croissants, pizza rolls, and other bakery products can be customized with vegetable, cheese, meat, and other savory ingredients for lunch and dinner and as snacks. Due to their changing lifestyle, consumers have less time to prepare food, creating demand for convenient meal options. There is a growing trend toward ready-to-consume indulgence and consumers are looking for different flavors and combinations.
Further, the report states that shorter shelf life and threat of contamination hinders the market growth.
INFORM GmbH, RESA, Rockwell Collins, Siemens AG, Ultra Electronics Holding, Amadeus, Ikusi, International Business Machines, Northrop Grumman, SITA.
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