The Fortified Bakery Market Research Report 2018-2023 : Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The global fortified bakery market is expected to grow at a CAGR of 5.5% during the forecasted period (2018-2023).
Companies Include are: Allied Bakeries, Associated British Foods PLC, Britannia Industries Ltd., CRUST – a baking company, Dawn Food Products, Inc., H&S Bakery, Inc., Irish Pride Fine Foods, Modern Foods Enterprises Pvt. Ltd. and Super Bakery, Inc., among others.
Growing preference for healthy food products that match consumers tastes and preference, is the main factors driving the fortified bakery products. In the global market, consuers are expecting their bakery products to contain micro nutrient that benefit their overall health and should be free from additives. Rise in consumption for healthy food is driving the demand for fortified bakery.
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Key Developments in the Market
August 2016 – Britannia Industries Ltd. had entered into the exotic packaged bread segment with the introduction of whole wheat kulchas (the Kulcha is a leavened flat Indian bread). Britannia is foraying with an insight of introducing health to this traditionally perceived-indulgent category, launching whole-wheat of the Indian breads.
January 2018 – Organic bakery is growing and finding is success in India. Indian consumers are preferring organic baked products that contain no pesticides, chemical fertilizers and are sugar- and gluten -free. Taantraa Organic Handbaking located in Bangalore was among the first organic bakers in India. Founded by Chaitali Raizada in 2011, Taantraa was among the first few to introduce multigrain cakes with jaggery or almond flour cakes. Taantraa also initiated baking exclusively vegan bakes, which were gluten- free.
Global Fortified Bakery Market Dynamics
The growth of global fortified bakery market can be attributed to the increasing health consciousness among consumers going for all-round nutrient rich diet. Health attributes are most important to emerging markets consumers, who are also most willing to pay a premium for health benefits in a product. This is a trend that is certainly continuing with the growth of simpler and cleaner labels as an indicator of a more natural product. Brands will see value in creating those baked products with added health giving properties that have more than one function.
Micro nutrient added bakery shops are currently trying to appeal to millennial and are competing for attention of this social savvy generation, these consumers are increasingly trying out different bakery products which give them good health benefits.
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Fortified Bakery Market Segmentation
The fortified bakery market is segmented by product type, distribution channel and region. The market on the basis of product type, is segmented as cake, biscuits, bread, pastries, morning goods and others and in the basis of distribution channel it can be segmented as specialist retailer, retail channel and foodservice.
The major distribution channel of the fortified bakery has been the food services facility. Higher preference of fortified bakery products across all the age groups in the global arena are promoting the restaurant, small kiosks and hotels, cafe, restaurant, institutional bakers to increasingly meet the growing demand of these food products.
Global Fortified Bakery Market Regional Analysis
The global fortified bakery market is primarily dominated by North America, Italy, UK and other European countries, where the bakery products are considered as a staple food. The Chinese, Indian population are too increasing their demand for fortified bakery products, which are preferring high nutrition level despite being high on cost.
The rising young population, along with busy, on-the-go lifestyles often dictates a need for quick meal, many opt for fast food options that are low in calories and high on health benefits and taste too. The Indian consumers want high nutrient content along with the taste such that they want full value for money on their fortified bakery products. Exploring bakery experience- with both global and regional tastes, nutritional authentic preparation method are on the rise in the developing nations, particularly India and China.
The report has 150 tables and figures browse the report description and TOC:
Influence of the Fortified Bakery market report:
-Comprehensive assessment of all opportunities and risk in the Fortified Bakery market.
– Fortified Bakery market recent innovations and major events.
-Detailed study of business strategies for growth of the Fortified Bakery market-leading players.
-Conclusive study about the growth plot of Fortified Bakery market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the market.
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