Pune, India — Market Research Future has published a Half Cooked Research Report on Global Artisan Bakery Market which is estimated to grow more than 3.85% after 2023.
Market Overview
The increasing sale of artisan bakery products is driven by the changing consumer's food consumption preference and economic development. The development in technologies in various countries of the developed regions has led to the innovation in flavors and shelf life of the artisan bakery products. This has raised the consumption of artisan bakery amongst various regions. The sale of artisan bakery is high amongst the population of present young generation based on the high preference towards sweetened ready-to-eat food products. High focus on research and development has a positive impact on the growth rate of the market. The consumption of artisan bakery products is high in Europe and is also evaluated to increase at a high growth rate in various other regions.
Competitive Analysis-
The major key players in Artisan Bakery market are
-Aryzta (Swirtzerland)
-Csm Bakery Solutions Llc (U.S.)
-Bimbo Bakeries (U.S.)
-Rich Products Corporation (U.S.)
-Flowers Foods (U.S.)
-Harry Brot GmbH (Germany)
-Lantmaennen Unibake International (Denmark)
-Vandemoortele (Belgium)
Established players from North America and Europe are following strategies innovations in their-product line to expand their business in other regions due to increasing demand of artisan bakery products. They are mainly focused on increasing their supply to developed regions where the demand of product is raising. In the Europe region, Germany and France are amongst the dominating countries holding a major share in artisan bakery market and exports the product in various other countries of Europe which include Netherlands, Italy, Belgium, U.K. and others.
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Market Forecast
Globally the artisan bakery market is estimated to escalate at a higher growth rate which is supported by the rising consumption of convenience bakery food products. Based on the high quality of the product, artisan bakery products is gaining popularity amongst the consumers. The developing economic conditions of various regions are fueling up the market demand for artisan bakery products.
All these factors contribute to the calculated CAGR of 3.85% of artisan bakery market during 2017-2023.
Downstream Analysis-
Consumption of Sweet baked goods & morning goods is increasing at a higher CAGR as increased consumption of sweetened food products. Amongst the various distribution channels, the quick service restaurants is found to hold a lion's share based on raising consumer's preference towards on-the-go food products. The popularity of unconventional bakery products is also increasing steadily which has increased the sale of artisan bakery goods. People are more inclined towards consumption of artisan bakery with high nutritional value which has led to intense focus on the R & D sector of the manufacturing industries.
Access the market data and market information presented through more than 25 market data tables and 25 figures spread over 110 numbers of pages of the project report "Artisan Bakery Market – Forecast to 2023"
Regional Analysis
The Global Artisan Bakery Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these Europe region has the major market share followed by North America. Europe region is found to be concentrated with the established key players in the Artisan Bakery market. Raising consumption of bakery goods is supporting the growth of the market in developed countries of North America and Europe region.
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Market Segmentation-
Global artisan bakery market is segmented by product type, method, application, distribution channel and region
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Source: Market Research Future
