Research and Markets has announced a study zeroing on the baked goods sector and some expectations it can anticipate.
Called Global Fresh Baked Products Market 2016-2020, the research encompasses a number of key vendors, including:
According to the research, fresh baked goods as a global market are projected to grow at a CAGR of 2.71 percent from this year to 2020, stating that breads and biscuits are the most consumed products, but the demand for other bakery items such as cakes, pastries, muffins, and cookies is also increasing.
"The market has registered innovation in categories such as bread and pastries,” an analyst from the research team commented, according to the report. “More people are interested in haute cuisine, which has fresh and quality ingredients. Bakers are innovating to use elements of haute cuisine.”
As more and more demand increases for convenience, as well as alternative baked options, the report adds that in mature markets such as the Americas commercial bakers have expanded their portfolios with newer versions such as whole-wheat, gluten-free, and high-fiber baked goods.
Covering the market landscape and its growth prospects over the coming years, more information from the report can be found/purchased here.
Curious to know what is to come and where to find out? So are we! Keep checking in with DeliMarket News as we keep our ear to the ground for all the latest happening in the deli industry.