North American Bakery Products Market to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 6, 2018--The “North American Bakery Products Market - Growth, Trends and Forecasts (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The North American bakery products market is projected to grow at an estimated CAGR of 2.2% during the forecast period 2018-2023.
The growth of the North American bakery products market can be attributed to the rising demand of the convenient and ready to eat products, changing lifestyles and food eating preferences and habits.
Even though the market growth of such products is good, the increasing level of obesity in North American countries -particularly USA and Canada- is hampering the sales of these goods.
Innovative product development of low trans-fat, low fat, multigrain, whole wheat, and organic baked products are expected to provide an impetus to the whole industry.
Penetration into the packaged and premium segments of bakery products can be a huge opportunity for the market.
Commercial bakeries, although fewer in numbers than retail stores, generate almost 80% of the total bakery industry profits. Commercial bakeries are well-established, with key players dominating the scenario, whereas retail stores are more fragmented in nature.
Free-From Bakery Products
Approximately 31.3% of the US population aged above 20 years suffers from obesity (2017) and major population in the region is lactose intolerant which is increasing the demand and supply of free-from bakery products.
Manufacturers are trying to meet the growing demands of consumers by manufacturing organic baked goods, breakfast cereals and free-from products and retaining consumer loyalty and healthy food choices that can be incorporated on the daily basis.
CSM Bakery solutions has partnered with Cinnabon to create the ultimate indulgence in fresh bakery. Combining CSM’s expertise in all day bakery solutions with the signature taste of Cinnabon, which was voted as the most craveable brand in the U.S., this brand new product line is sure to enhance the full bakery program.
Key Topics Covered
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Market Segmentation
6. By Geography
7. Competitive Landscape
8. Company ProfilesGrupo Bimbo Gamesa Hispanic Foods Kraft Foods Inc. CSM Bakery Solutions Interstate Bakeries Corp. Keebler Foods Kellogg’s Company George Weston Ltd. Dawn Foods Products Ltd. Acme Bread Company
For more information about this report visit https://www.researchandmarkets.com/research/j5vwmw/north_american?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180906005708/en/
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Related Topics:Baked Goods
KEYWORD: UNITED STATES NORTH AMERICA CANADA
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/06/2018 11:54 AM/DISC: 09/06/2018 11:54 AM