Major players in the organic bakery products manufacturing market are Flower Foods, Inc., Hain Celestial Group (Rudi's Bakery), Manna Organics LLC, Toufayan Bakery, Inc, Mestemacher GmbH, United States Bakery, Alvarado Street Bakery, Flowers Food (US), Natures Bakery Cooperative, and New Horizon Foods, Inc.(US).
The Global
Organic Bakery Products Market is expected to grow from USD 9.5 billion
in 2019 and to USD 9.7 billion in 2020 at a growth rate of 2.5%. The slow
growth in 2020 is mainly due to the economic slowdown across countries owing to
the COVID-19 outbreak and the measures to contain it. The market is then
expected to grow and reach USD 11.61 billion in 2023 at CAGR of 6.06%.
The organic bakery products manufacturing market consists of sales of organic bakery and related products. Organic bakery products are made using organic ingredients such as wheat gluten, milk, butter, honey, eggs, oils, starch, sugar, spices, raisins, cereals, grain flours and meat-based ingredients. To meet the requirements of organic certification the manufacturers produce organic bakery products as per the set guidelines of the food safety organizations of their respective countries.
Europe was the largest region in
the organic bakery products market in 2019.
Certifying and labeling organic
bakery products follows very strict and unwavering guidelines and is hampering
the growth of the organic bakery products market. For a product to be
considered certified organic, the product must not be produced using any
genetic engineering, irradiation, and must be comprised solely of ingredients
included on the National List of Allowed and Prohibited Substances. For
instance, in United States, the production of organic bakery products must be
overseen by the United States Department of Agriculture National Organic
Program. Therefore, following all the mandatory guidelines and meeting the
certification requirements will hamper the growth of the organic bakery
products market.
The organic bakery products
manufacturing market covered in this report is segmented by product type into
bread & rolls; savory snacks; cakes & pastries; cookies & biscuits;
others. It is also segmented by distribution channel into wholesalers/
distributors/ direct; supermarkets/ hypermarkets; convenience stores; online
retailers; other retail formats and by category into gluten-free; sugar-free;
low-calories.
The use of innovative technology
for enhanced taste and flavor is the trend in the organic bakery products
manufacturing market. The rising preference for organic bakery products among consumers,
owing to their health benefits is motivating manufacturers to use innovative
technology and methods to offer new organic bakery products with enhanced taste
and flavor. The manufacturers are trying to study new methods to increase the
shelf-life of the products such as the use of natural preservatives along with
enhanced taste till the time of consumption.
In December 2018, Flowers Foods,
Inc., U.S. based largest producer of freshly packaged bakery food announced the
acquisition of Canyon Bakehouse LLC, a private company engaged in manufacturing
gluten-free baked products based in Johnstown, Colo for an undisclosed amount.
The acquisition is expected to add Canyon's gluten-free innovative products to
Flowers Foods's product portfolio, in order to expand the company's consumer
base.
Increasing consumer preferences
towards healthy ingredients is a major driver for the organic bakery products
market. The growing urbanization is leading to hectic lifestyles and unhealthy
eating options which has resulted in lifestyle disorders and deterioration of
health of the consumers. Therefore, changing consumer preference is forcing
manufacturers to switch to the use of organic ingredients such as organic
baking powder, gluten-free powder, and aluminum-free baking powder. Moreover,
the rising disposable income of the population is expected to contribute to the
higher demand for organic bakery products in the near future. According to
Trading Economics, the disposable personal income in India increased to USD
2,971,770 million in 2019 from USD 2,964,090 million in 2018.
For More Information, Click on the Link Below:-
Global
Organic Bakery Products Market
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
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