Organic Bakery Market Trends, Opportunities & Revenue Share Analyzed during 2017-2022
As per the report by Fact.MR, the global organic bakery market is expected to experience moderate growth. The market is estimated to register 4.4% CAGR during the forecast period from 2017 to 2022.
[UKPRwire, Fri Apr 26 2019] Rising preference for organic bakery products among consumers is motivating manufacturers to use innovative technology and methods to offer new organic bakery products with enhanced taste and flavor. Manufacturers are also searching for new methods to increase the shelf-life of the products. Organic bakery products are being produced using natural flavors, meanwhile, manufacturers are still researching on natural preservatives that can keep the organic bakery products fresh for a long time. The concept of organic baking is also gaining traction among manufacturers. They are emphasizing more on processes and equipment used in organic baking to ensure its quality till the time it reaches consumers.
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According to a new study by Fact.MR, the global organic bakery market is expected to witness moderate CAGR. The global market for organic bakery is projected to reach US$ 11,000.7 million revenue towards 2022 end. Increasing health-consciousness among consumers is driving the demand for organic bakery products. Manufacturers are increasingly investing in the research and development of new technologies and techniques for producing organic and gluten-free bakery products.
Bread- To-Selling Organic Bakery Product
Compared to other organic bakery products such as biscuits, cakes & desserts, rolls & croissant, etc. Bread is expected to emerge as one of the largest sold organic bakery product. Bread as the organic bakery product is projected to exceed US$ 4,300 million revenue towards the end of 2022. Bread is likely to gain nearly two-fifth of the revenue share by 2017 end.
High Sales through Wholesalers/Distributors/Direct
Accounting close to two-fifth of the revenue share on global revenues by 2017 end, wholesalers/Distributors/Direct is likely to emerge as one of the most lucrative sales channels in the global organic bakery market. Wholesalers/distributors/direct sales channel is estimated to surpass US$ 800 million incremental opportunity during the forecast period 2017-2022. Meanwhile, supermarkets/hypermarkets as sales channel are also expected to witness moderate growth from 2017 to 2022.
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Europe will likely emerge as the dominating region in the global market for organic bakery. Europe is expected to gain around one-third of the revenue share by the end of 2017. Meanwhile, North America organic bakery market is also expected to experience moderate growth. North America is projected to reach close to US$ 2,500 million revenue towards 2022 end.
The report also profiles companies that are expected to remain active in the expansion of global organic bakery market through 2022, which include Flower Foods, Inc., Hain Celestial Group, Inc., Manna Organics LLC, Natures Bakery Cooperative, Toufayan Bakery, Inc, Mestemacher GmbH, United States Bakery, and Alvarado Street Bakery.
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