Baked Foods & Cereals is an international intelligence database on bakery and cereal merchandise that provides 52 fundamental national records. It covers 13 years of comparable records with five-year forecasts based on value and extent of sales. The database consists of pass-US USA, sturdy, and granular records of facts covering broader product classes and distribution channel income.
Market Scope
Overall, the market information for baked meals and cereal products and extent and price analytics are booming (2010-2023).
Distribution channel income statistics from 2010-2017
According to capita expenditure, additional records consist of GDP, according to capita expenditure, financial parameters, populace, inflation- meals inflation and overall inflation, and United States forex costs.
This Research examines the Baked Foods and Cereals Sector across six regions, masking 52 international locations with more than seventy-five thousand data factors for 2010-2023. Below, six broad categories are included in the market, covering diverse segments, Category definitions, and phase definitions.
BreadBreakfast Cereals
Cakes, Pastries & Sweet Pies
Sweet Biscuits
Morning Goods
Crackers & Savory Biscuits
Market Overview
The worldwide baked foods and cereals Market is anticipated to attain USD 587 billion by 2023 at a CAGR of 4. 2% over the forecast period. The worldwide baked food and cereals sales reached 123 900 million Kg in 2017, registering a volume CAGR of 1. Nine over the forecast period. The consumption of baked foods and cereals has observed a solid increase for the past five years.
Western Europe Showing Declining Volume Sales
Central and Western European Baked meals & cereals marketplace accounts for over 47% of the worldwide intake by extent. Central Europe is witnessing a fantastic CAGR for the forecast length. However, Western European baked meals are anticipated to decline after sluggish growth till 2017. Asia-Pacific recorded the fastest volume CAGR of four.5% At some point in the forecast, the duration is to reach close to Western Europe. Asia-Pacific overcomes North America in the extent of sales, while it’s predicted to get close to North America in fee income by 2023. India and Indonesia recorded a robust CAGR at some stage in the forecast. South America is witnessing a healthful cost CAGR of seven% while the unit sales are shifting at a 1% CAGR. The Middle East & Africa passed an extent consumption of 8,324 million Kg in 2017, with Saudi Arabia the biggest marketplace.
Biscuits Recorded a Steady Growth Rate
Sweet biscuits remain the popular bakery merchandise in Asia-Pacific that is witnessing the fastest CAGR of 7% at some stage in the forecast period. Asia-Pacific continues to dominate the sweet biscuit marketplace globally, as observed in Western Europe and North America. Glucose biscuits, the lowest-charged biscuits in the Asian market, are declining. In contrast, the top-class section, which incorporates cream-stuffed biscuits, sweet biscuits, and health biscuits, recorded an impressive increase within the past few years. Chocolate-lined biscuits witnessed declining unit sales globally, while cookies had a robust boom.
Asia-Pacific is predicted to surpass North America and Western Europe to be the most important pastries marketplace in 2023
North America is dominant in the global pastries market, with a market proportion of 15%, accompanied by Asia-Pacific and Western Europe. Asia-Pacific pastry intake is predicted to surpass USD 22 billion by 2023, witnessing a sturdy CAGR of 6.Three%. The Middle East and Africa recorded the fastest CAGR of 6. Five in the pastries market, accompanied by Asia-Pacific. North America found a flat pastry sale for the forecast period after recording a sturdy quantity boom at some point in 2012-2017.
Expanding retail channels in emerging marketplace riding sales
Supermarkets/hypermarkets account for the dominant proportion of forty-five % of the market simultaneously, as online retail is witnessing a faster growth rate. Baked food sales from Specialist retailers recorded USD 165 billion in 2017, up 20% from 2012. Online retail is the quickest growing channel globally, registered a CAGR of four.7%, throughout 2012-2017, were observed using convenience stores. Online grocery for baked food is growing faster in Western Europe. Western Europe accounts for 42% of the global online retail sale of baked meals and cereals.
Reasons to Purchase this Dashboard
More Granular: It covers more categories, segments, and sub-segments of information at the US and global level than different market intelligence vendors.
Analyzing the outlook of the marketplace with the latest marketplace records, ancient facts, and market forecast
Ease of comparison: Our analytics is based on standardized definitions across the globe to facilitate a higher comparison of market information.
View the market in distinctive approaches amongst classes and geography to apprehend where the possibility lies.Market segmentation, such as quantitative studies incorporating the impact of financial and non-financial aspects
Regional and usa degree records integrating the demand and supply forces that are influencing the growth of the market
Market fee (USD Million) and extent (Kg Million) facts for every section and subphase.
Understanding of the marketplace due to fee and extent changes, intra-category competition, and distribution channel developments
Develop commercial enterprise strategy to spot growth possibilities and maximize income in multi-channel distribution via all B2C channels.
Dedicated analysts assist with research queries and training
The continuous change of the database every year with sizeable modifications up to date based on situations
Customization of the Dashboard
This dashboard may be custom designed to meet your requirements, including us of your choice and qualitative tendencies on request. Please contact our Customer Service team, who will ensure you get a dashboard that suits your wishes.
