The artisan bakery market is expected to be hindered by factors such as growing health concerns over diabetes and obesity and volatility of raw material prices. According to Technavio, the market is estimated to grow by USD 1.06 bn from 2021 to 2026. The growth momentum of the market is expected to accelerate at a CAGR of 4.32%.
Market Drivers
The artisan bakery market is driven by factors such as the increased snacking and indulgence consumption, increasing retail value sales of private-label bakery products, and the strong distribution network between bakery product manufacturers and customers. The consumption patterns and food preferences of people underwent a notable change over the years owing to hectic and busy lifestyles. This has led to an increase in preference for snacks over regular meals. Over the last decade, the number of consumers who prefer healthy snacks has seen a rise, especially in developed countries in regions such as North America and Europe. Similarly, the consumption of artisan bakery products, which include breads, pies, rolls, and other products, has surged significantly. All these factors are driving the growth of the market.
Company Profiles
Some of the companies covered in this report are Aryzta AG, Associated British Foods Plc, CSM Ingredients, Flowers Foods Inc., Grupo Bimbo SAB de CV, Harry-Brot GmbH, Lantmannen ekonomisk forening, Premier Foods Plc, Rich Products Corp., and Vandemoortele NV etc.
Competitive Analysis
The competitive scenario provided in the artisan bakery market report examines, estimates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, product innovations, new product launches, investments, growth strategies, growth in market share, etc.
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Market Segmentation
- By product, the market is classified into bread and rolls, cakes and pastries, cookies, and others. The bread and rolls segment contributes the highest share of the market owing to the increasing demand for gluten-free bread and rolls.
- By geography, the market is classified into APAC, Europe, North America, South America, and MEA. APAC will have the largest share of the market, with China and Japan being the key countries.
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Media contact
Roshini Bains
Editor, International Bakery
Tel: +44 (0) 1622 823 922
Email: editor@in-bakery.com
