New York, NY — The analysts forecast the global fresh baked goods market to grow at a CAGR of 2.71% during the period 2016-2020.
Fresh baked goods are goods prepared in bakeries and include products such as bread, cookies, muffins, pastries, and others. Artisanal bread is made using traditional techniques. It is unlike industrial, wholesale bread that is produced in large quantities. While artisanal bread is mostly handmade, many artisanal bakeries use mixers.
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 demand for traditional bakery products has declined in mature markets, such as the Americas, and commercial bakers have expanded their portfolios with newer versions such as whole-wheat, gluten-free, and high-fiber baked goods.
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