LONDON — Technavio analysts forecast the global bakery market to grow at a CAGR of more than 6% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global bakery market for 2016-2020. The report segments the market into the following four categories which are breads and rolls, cakes and pastries, cookies and others. The report also presents the competitor landscape and brand offerings of the key retailers.
According to Manjunath Reddy, a lead analyst at Technavio for food research, “The numerous health benefits of gluten-free bakery products have increased their popularity in the Americas and Europe. Vendors have gradually begun to split their focus on health and indulgence cakes and pastries in Western Europe and North America. High-fiber bakery products are witnessing robust retail sales in Latin America and Asia-Pacific (APAC).”
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