Premium Bakery Products 乐鱼体育官网 Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 6.25% |
| Fastest Growing 乐鱼体育官网 | Asia-Pacific |
| Largest 乐鱼体育官网 | Europe |
| 乐鱼体育官网 Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Premium Bakery Products 乐鱼体育官网 Analysis
The Premium Bakery Products 乐鱼体育官网 is expected to register a CAGR of 6.25% during the forecast period.
The COVID-19 pandemic has affected the premium baked products sector heavily. The 乐鱼体育官网's negative impact was caused by the disruption of global supply chains, which resulted in enterprises closing down their operations or operating with reduced employees, resulting in poor production. Furthermore, customers stacking long-life commodities, such as cookies, resulted in lower 乐鱼体育官网 availability, leading to the unavailability of products as per consumers' needs, ultimately affecting the 乐鱼体育官网.
There is a rise in the health-conscious population globally, this resulted in the sale of premium bakery products gaining momentum, products containing whole wheat, less sugar, and plant-based ingredients are now in trend mainly due to the pandemic.
Over the medium term, the factors which will affect the 乐鱼体育官网 are, a growing health-conscious population globally, an increase in expenditure on premium products, ease of availability of premium products through online sales channels, growing personal disposable income, and the rising demand for premium products in the rapidly developing economies such as India.
As per the data from International Diabetic Federation, the total number of people living with diabetes is projected to rise to 643 million by 2030, these alarming numbers generate the need for bakery products that contain premium ingredients which are not harmful to health. The 乐鱼体育官网 is anticipated to be significantly pushed in the medium term by launch of premium whole wheat, light (low calorie), natural, and additive-free bakery products. In 2022, Zeelandia has collaborated with InnoV to create free-from products such as a premium gluten-free croissant to be showcased at the Free From Functional Food Expo in Spain. During the forecast period, the growing accessibility of these premium bakery goods would further support 乐鱼体育官网 expansion.
Premium Bakery Products 乐鱼体育官网 Trends
Rising demand for premium healthy snacking options is driving the 乐鱼体育官网
The worldwide Premium Bakery Products 乐鱼体育官网 is expanding steadily as a result of changing consumption patterns and a preference for healthier foods. Consumers nowadays are searching for quick, and delicious snacking options that can meet their daily nutritional demands. Some of the premium Biscuits, for example, include nutritional components such as carbs, lipids, and fibers that are vital to human health. Premium biscuits' nutritious qualities prove them to be a popular breakfast option across the world. As a result, premium biscuits with a rich taste and flavor are widely consumed. The shift in consumer preference for bakery products due to improved attractiveness, flavor, and convenience is a key driver of industry expansion. Not only in the developed economy but also in emerging economies the players are focussed on launching premium products, for an instance, in January 2022, Mondelez India added a new variant of Oreo biscuits to its portfolio for the premium biscuits segment named Oreo Double Stuf. Recent development in new innovative baking ingredients used in premium bakery products such as plant-based sweeteners, which are less harmful than normal sweeteners are also attracting health-conscious consumers, the use of stevia and inulin in baked goods doesn't spike the blood sugar levels as much as the normal sweeteners. This kind of product innovation is expected to push the 乐鱼体育官网 significantly in the forecasted period.
One of the main factors influencing the 乐鱼体育官网 for premium bakery products is the increasing disposable income of people around the world. For example, according to recent data from the Bureau of Economic Analysis, U.S. department of commerce, there is a 0.4% increase in disposable personal income in August 2022 compared to the previous month. This rise in disposable income is anticipated to greatly boost the premium bakery industry throughout the forecast period (2022-2027).
Europe holds the largest share
The demand for premium bakery products is growing especially for products that are fortified with grains, pulses, and oilseeds. The annual food expenditure by European consumers is growing, and they are ready to pay a high price for premium products including premium bakery products because of the growing health concerns such as obesity, diabetes, and heart disease in the region. As per the data from the IDF diabetes atlas, the estimated number of diabetic people in Europe in 2021 was 61.42 million, which will further push the premium bakery products containing natural-plant-based sweeteners. In Europe, the popular premium bakery products are those which contain less amount of unhealthy ingredients like sugar, fat, preservatives, and additives and are made from whole grain. Also, gluten-free and vegan premium bakery products contribute significantly to the premium bakery products 乐鱼体育官网 growth. Germany is leading the chart in organic and healthy premium bakery product consumption in Europe.
Startups are coming to the 乐鱼体育官网 with innovative products, for an instance, in May 2022, Prodigy, a natural confectionery business located in the United Kingdom, announced the debut of a new chocolate biscuit collection called 'Phenomenoms,' which comes in two low-sugar, wheat-free flavors: Prodigy Phenomenoms Chocolate Digestives and Prodigy Phenomenoms Chocolate Oaties. The higher expenditure on food products, growing health concerns, and innovation in products by old and new players are some major factors that make Europe a lucrative 乐鱼体育官网 for premium bakery product players.
Premium Bakery Products Industry Overview
The Global Premium Bakery Products 乐鱼体育官网 is fragmented, major businesses are concentrating on creating new product offerings in the 乐鱼体育官网 to cater to interests as per current customer tastes and preferences because the 乐鱼体育官网 is quite competitive. Since fortified cookies and biscuits play an important role in the baking sector, leading companies are working to meet customer demand for a wide range of flavors and varieties of cookies. The development of bakery product firms has been greatly aided by the tactics of growth, collaboration, agreements, and new product releases. When it comes to creating cutting-edge products, startups are also fiercely competing with established players. Major Players are competing based on innovative products launches, and there is continuous product innovation in the premium bakery category, for an instance, In August 2022, Mondelez launched premium bakery products that are not categorized as HFSS (High fat, sugar, and salt), and the major players are focussing on developing products that are not characterized as HFSS. Mondelez International, Inc., Associated British Foods plc, General Mills Inc., Finsbury Food Group Plc, Bakers Delight Holdings Limited, and others are a few of the well-known industry participants.
Premium Bakery Products 乐鱼体育官网 Leaders
-
Mondelez International, Inc.
-
Associated British Foods plc
-
General Mills, Inc.
-
聽Finsbury Food Group Plc
-
Bakers Delight Holdings Limited
- *Disclaimer: Major Players sorted in no particular order
Premium Bakery Products 乐鱼体育官网 News
- In April 2022, Walker's Shortbread is partnering with retailer Dufry for the launch of a new Global Travel Retailer range into more than 55 travel sites worldwide including France. The product range will include several types of shortbreads and other products in it.
- In April 2022, Burton's Biscuit Company declared their merging news with United Kingdom's well-known biscuit company Fox's Biscuits to make the latest biscuits with this novel business under the leadership of Simon Browne.
- In May 2021, Mondelez International has declared that they have acquired a Greek snacking company Chipita S.A. for USD billion 2 approximately as Chipita manufactures and 乐鱼体育官网s savory and sweet snacks in the European 乐鱼体育官网.
Premium Bakery Products Industry Segmentation
Bakery goods come in a vast variety and are made from flour or meal made from cereals. The quality of premium bakery goods is greater than average, yet they are frequently more expensive. The global premium bakery products 乐鱼体育官网 is segmented based on Product type, Distribution channel, and Geography. Based on product type, the 乐鱼体育官网 is segmented into bread, cookies and biscuits, morning goods, cakes and pastries, and others. Based on the distribution channel, the 乐鱼体育官网 is segmented into hyper乐鱼体育官网s/ super乐鱼体育官网s, specialty stores, online retail stores, and other distribution channels. The study also covers the global level analysis of the major regions, such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. For each segment, the 乐鱼体育官网 sizing and forecasts have been done based on value (in USD million).
| By Product Type | Breads | ||
| Cookies and Biscuits | |||
| Morning Goods | |||
| Cakes and Pastries | |||
| others | |||
| By Distibution Channel | Super乐鱼体育官网s/Hyper乐鱼体育官网s | ||
| Speciality stores | |||
| Online Retail Stores | |||
| Other Distribution Channels | |||
| By Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Rest of North America | |||
| Europe | United Kingdom | ||
| Germany | |||
| Spain | |||
| France | |||
| Italy | |||
| Russia | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| Japan | |||
| India | |||
| Australia | |||
| Rest of Asia-Pacific | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle East & Africa | Saudi Arabia | ||
| South Africa | |||
| Rest of Middle East & Africa | |||
Premium Bakery Products 乐鱼体育官网 Research FAQs
What is the current Premium Bakery Products 乐鱼体育官网 size?
The Premium Bakery Products 乐鱼体育官网 is projected to register a CAGR of 6.25% during the forecast period (2025-2030)
Who are the key players in Premium Bakery Products 乐鱼体育官网?
Mondelez International, Inc., Associated British Foods plc, General Mills, Inc., Finsbury Food Group Plc and Bakers Delight Holdings Limited are the major companies operating in the Premium Bakery Products 乐鱼体育官网.
Which is the fastest growing region in Premium Bakery Products 乐鱼体育官网?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Premium Bakery Products 乐鱼体育官网?
In 2025, the Europe accounts for the largest 乐鱼体育官网 share in Premium Bakery Products 乐鱼体育官网.
What years does this Premium Bakery Products 乐鱼体育官网 cover?
The report covers the Premium Bakery Products 乐鱼体育官网 historical 乐鱼体育官网 size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Premium Bakery Products 乐鱼体育官网 size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Premium Bakery Products Industry Report
Statistics for the 2025 Premium Bakery Products 乐鱼体育官网 share, size and revenue growth rate, created by Mordor Intelligence鈩� Industry Reports. Premium Bakery Products analysis includes a 乐鱼体育官网 forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
