According to our new research study on “Bread Market Forecast to 2027 – Global Analysis – by Product Type, Nature, Distribution Channel, and Geography,” the bread market size is projected to reach US$ 260,930.3 million by 2027 from US$ 190,550.0 million in 2018 ; it is expected to grow at a CAGR of 3.6% during 2019–2027.

Europe bears the largest share for breads. Bread is considered as the staple food in most of the European countries. Transforming lifestyles and food habits of consumers have had a noteworthy influence on the bread market in Europe. Although the bread consumption in Europe is stable and the market for bread is not likely to grow intensely, there is still continuous demand for greater variety of bread in many countries. Apart from convenience, European consumers prefer natural and whole meal breads with other ingredients such as oats, bran, and seeds.

The bread market is bifurcated based on product type as loaves, baguettes, rolls, burger buns, sandwich bread, ciabatta and others. In 2018, the loaves industry segment dominated the global bread market. The shaping of loaf bread into various shapes such as rectangular, squared or round makes it ideal for sandwiches, burgers and other types of bread that have been a notable factor for the rising demand of bread loaves all over the world and has helped to propel the bread market all over the globe. In addition, the increasing demand for fast food items such as sandwiches all over the globe has favored the expansion of the bread market and is estimated to be a driving factor for the bread market all over the globe.

The global bread market by geography is segmented into five regions, including North America, Europe, Asia Pacific, Middle East & Africa, and South America. The European region is expected to account for the largest share of the global bread market in 2018, followed by Asia Pacific. In addition the, Germany and rest of countries in the European region are expected to continue its dominance in terms of market share throughout the forecast period from 2019 to 2027. Some of the major players in the bread market include Associated British Foods Plc, Almarai Company, Barilla G. E R. Fratelli S.P.A, Aryzta Ag, Britannia Industries Ltd, Campbell Soup Company, Finsbury Food Group Plc, Fuji Baking Co., Ltd. And Goodman Fielder Pty., Ltd among others.

In 2020, Europe accounted for the largest share of the global bread market size. The largest market share of this region is primarily attributed to the presence of major manufacturers in the region. Transforming lifestyles and food habits of consumers have had a noteworthy influence on the demand for bread in Europe. Although the consumption of bread in Europe is stable and the market for bread is not likely to grow intensely, there is a continuous demand for a greater variety of bread in many countries. Bread is among the staple food in most countries in Europe, and most people eat wholemeal bread as a part of their daily diet. Apart from convenience, European consumers prefer natural and wholemeal bread with other ingredients such as oats, bran, and seeds. This fact has encouraged European craft and industrial bakers to innovate new products. Moreover, continued growth in sliced, wrapped, and specialty bread is anticipated to provide lots of opportunities for bread manufacturers to stimulate market growth.

Based on product type, the bread market is segmented into loaves, baguettes, rolls, burger buns, sandwich bread, ciabatta, and others. In 2020, the loaves segment accounted for the largest revenue share in the market. Based on nature, the bread market is segmented into conventional and organic. The conventional segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. Based on distribution channel, the bread market is segmented into hypermarkets and supermarkets, convenience and retail stores, online, and others. In 2020, the convenience stores & retail stores segment accounted for the largest revenue share in the market.

Associated British Foods Plc; Almarai Company; Barilla G. E R. Fratelli S.P.A; Aryzta Ag; Britannia Industries Ltd; Campbell Soup Company; Finsbury Food Group Plc; Fuji Baking Co., Ltd.; and Goodman Fielder Pty., Ltd. are among the key players operating in the market. The key companies implement mergers and acquisitions, and research and development strategies to expand their customer base and gain significant share in the global market, which also allows them to maintain their brand name globally.

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