Global Bakery & Cereals Market worth US$ 500 Billion 2018 with a CAGR of 4.10%

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Published Date: May 2023

The report "Global Bakery & Cereals Market, By Product Type (Cakes & Pastries, Biscuits, Bread, Morning Goods, and Others), By Distribution Channel (Supermarket, Convenient Stores, Specialty Stores, Online Retailing, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030.

Key Highlights:

In October 2019, Kellogg Co. announces to continue the partnership with the GLAAD by launching the new product named "All Together Cereal".
On Nov 19, 2019, Finsbury Food Group, the market leader in licensed celebration cakes, had announced the launch of five new licensed ranges, including the UK’s fastest-growing preschool brand, Hey Duggee.

Analyst View:

The rise in the trend of natural nutrition, organic products, and healthy living increase the demand of bakery and cereal products which is the major propelling factor for the growth of the global market. Additionally, the advancement in the production technology of the bakery and cereal improves the texture improvement, enhance the freshness, smoother chew preservation, and water retention which is another boosting factor for the growth the target market. Furthermore, innovation in the bakery and cereal products drives the growth of the global market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Bakery & Cereals Market,” By Product Type (Cakes & Pastries, Biscuits, Bread, Morning Goods, and Others), By Distribution Channel (Supermarket, Convenient Stores, Specialty Stores, Online Retailing, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The global bakery & cereals market accounted for US$ 500 billion in 2019 and is projected to register a moderate CAGR over the forecast period. The market report has been segmented on the basis of product type, distribution channel, and region.

By product type, the bread is the dominating segment in the global market due to increasing demand for the bread containing high fibres, healthy grains, and gluten-free.
By distribution channel, the target market is segmented into supermarket, convenient stores, speciality stores, online retailing, and others.
By region, Europe region dominating region in the global bakery & cereals market due to well-established sales, distribution chain and consumers preference in this region.

Competitive Landscape:

The prominent player operating in the global bakery & cereals market includes Finsbury Food Group Plc., Grupo Bimbo, Associated British Foods Plc, Mondelez International, Bakers Delight Holdings Limited, Dunkin' Brands, Britannia Industries Ltd., Flowers Foods, Kellogg Co., Mondelez International, and Grupo Bimbo.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and sales performance of various companies
Detailed analysis of this market revenue in previous & next coming years
Examining various outlooks of the market with the help of Porter’s five forces analysis.
Study on the product type that is anticipated to dominate the market.
Study on the regions that are expected to register the fastest growth over the forecast period.