The latest organic bakery market report from ResearchAndMarkets predicts a CAGR of 6.6% from 2022 to 2026 totalling US$14.22 billion by the end of the forecast period.
The organic bakery products market refers to sales of organic bakery and related products; the products themselves are made using organic ingredients such as wheat gluten, milk, butter, honey, eggs and more. To meet requirements of organic certification manufacturers must produce organic bakery products as per the guidelines of food safety organisations of the respective countries.
Asia Pacific was the largest region in the market in 2021, while Western Europe came a closest second. Increasing consumer preference towards healthy ingredients provides a major driver for the market as growing urbanisation leads to unhealthy eating options and consequently changing consumer preference to the use of organic ingredients.
The rising disposable income of some of the population is also expected to contribute to higher demand for organic bakery products in the near future.
Certifying and labelling organic bakery products, however, follows strict guidelines and is seen to be hampering the growth of the market, according to the report. For a product to be considered organic it must not be produced using genetic engineering, irradiation and must be comprised of ingredients included on the National List of Allowed and Prohibited Substances.
In the US, the production of organic bakery products is overseen by the United States Department of Agriculture Organic Program.
Using innovative technology to create enhanced taste and flavour provides a powerful trend in the manufacturing market. Rising preference for organic bakery products among consumers owing to health benefits is influencing manufacturers to using innovative technology and methods to offer new organic bakery products with enhanced taste and flavour.
Read more latest industry news and developments in our free to download magazine.