DUBLIN, December 03, 2021--(BUSINESS WIRE)--The "Organic Bakery Products Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.
The global organic bakery products market is expected grow from $9.42 billion in 2020 to $9.91 billion in 2021 at a compound annual growth rate (CAGR) of 5.2%.
The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $12.57 billion in 2025 at a CAGR of 6%.
Certifying and labelling organic bakery products follows very strict and unwavering guidelines and is hampering the growth of the organic bakery products market. For a product to be considered certified organic, the product must not be produced using any genetic engineering, irradiation, and must be comprised solely of ingredients included on the National List of Allowed and Prohibited Substances. For instance, in United States, the production of organic bakery products must be overseen by the United States Department of Agriculture National Organic Program. Therefore, following all the mandatory guidelines and meeting the certification requirements will hamper the growth of the organic bakery products market.
Increasing consumer preferences towards healthy ingredients is a major driver for the organic bakery products market. The growing urbanization is leading to hectic lifestyles and unhealthy eating options which has resulted in lifestyle disorders and deterioration of health of the consumers. Therefore, changing consumer preference is forcing manufacturers to switch to the use of organic ingredients such as organic baking powder, gluten-free powder, and aluminium-free baking powder.
Moreover, the rising disposable income of the population is expected to contribute to the higher demand for organic bakery products in the near future.
The use of innovative technology for enhanced taste and flavor is the trend in the organic bakery products manufacturing market. The rising preference for organic bakery products among consumers, owing to their health benefits is motivating manufacturers to use innovative technology and methods to offer new organic bakery products with enhanced taste and flavor. The manufacturers are trying to study new methods to increase the shelf-life of the products such as the use of natural preservatives along with enhanced taste till the time of consumption.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider organic bakery products Market, and compares it with other markets.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
Market segmentations break down market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
The organic bakery products Market section of the report gives context. It compares the organic bakery products Market with other segments of the organic bakery products Market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, organic bakery products market indicators comparison.
Flower Foods Inc.
Hain Celestial Group (Rudi's Bakery)
Manna Organics LLC
Toufayan Bakery Inc
United States Bakery
Alvarado Street Bakery
Flowers Food (US)
Natures Bakery Cooperative
New Horizon Foods Inc.(US)
Nutri-Bake Inc. (Canada)
Soyfoods Ltd (UK)
Cress Spring Bakery (US)
The Essential Baking
Finsbury Food group Plc
Associated British Foods Plc
Baker Delight Holdings Limited
For more information about this report visit https://www.researchandmarkets.com/r/jtshnw
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