Organic bakery Products are flour-based food baked in an oven, eaten as meal and snacks. Different food safety organizations in different regions has specified particular guidelines related to processing, freezing, and packaging which playing key role in organic bakery products market. Innovation in packaging technology and development in retail channels is likely to boast the market growth during forecast period.
Market Forecast
Global organic bakery products market is mainly driven by increase in working women class population and bachelors due to busy life style. Rise in disposable income and consumer preferences for healthy convenient food is driving the sales of fortified, gluten free and low calories organic bakery products. Moreover, introduction of new innovative products and innovative packaging is also supporting market growth and expanding retail formats are also supporting the market growth. These factors will play a key role to grow organic bakery products market at CAGR of 6% during forecast period.
The major key players in Organic Bakery Products Market are
• New Horizon Foods, Inc. (U.S.) • Nutri-Bake Inc. (Canada) • Soyfoods Ltd (U.K.) • Rudi’s Organic Bakery (U.S.) • Cress Spring Bakery (U.S.) • Flowers Food (U.S.) • Healthybake (Australia)
The demand for organic bakery products has pushed manufacturers to innovate and develop new RTE products which are better in taste and offers various health benefits.
Downstream Market Analysis-
Consumers are preferring organic bakery products which contents low or no preservatives, as consumers are aware of the ill effects of chemicals. Popular fast food chains have also increased in the sales of organic bakery products as trends of organic food consumption is all over the world. Globalization and urbanization are major driving force for this market, furthermore popularity of gluten free and sugar free organic bakery products are also encouraging the growth of the market. Organic bakery products market is hugely influenced by food safety organizations which strictly monitors ingredient labelling, manufacturing process and packaging of organic bakery products which is changing the dynamics of the market. Organic bakery products are mainly bought from supermarket and convenience store however busy lifestyle of people is supporting the sales of organic bakery products through online store which will change the future of overall retail network of organic bakery products.
The global organic bakery products market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among this North America region has major market share followed by Asia Pacific and Europe. Growing population and rise in disposable income in Asia Pacific region is driving the demand for organic bakery products in that particular region. Rising number of health cognizant and the growing demand for on-the-go products especially in China and India will be the crucial factor underlining the market growth.
Market Segmentation-
Global organic bakery products market is segmented by type, form, specialty type, and region
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