Market Overview:
The global fortified bakery product market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for healthy and nutritious food products, especially among the health-conscious population. Additionally, rising disposable income and changing lifestyle trends are also contributing to the growth of this market. Based on type, gluten-free bakery products are expected to witness highest growth during the forecast period owing to their growing popularity among consumers with gluten intolerance or celiac disease. Sugar-free bakery products are also witnessing high demand due to their health benefits such as weight management and prevention of chronic diseases such as diabetes and heart diseases. Low calorie bakery products are another popular segment in this market as they help in weight management without compromising on taste or flavor. Regionally, North America is estimated to account for largest share of global fortified bakery product market in 2018 followed by Europe and Asia Pacific respectively.
Product Definition:
A fortified bakery product is a bread or other baked good that has been enriched with vitamins and minerals. This type of product is important because it helps to ensure that people get the nutrients they need, especially those who may not be able to consume a varied diet. Fortified bakery products are also a good source of fiber.
Gluten-Free:
Gluten-free is a term used for food products which do not contain wheat, rye or barley. The global market size was valued at USD 20 billion in 2014 and is expected to grow at CAGR of XX% from 2015 to 2022. Growing prevalence of celiac disease and gluten sensitivity among consumers has been driving the growth over the past few years.
Sugar-Free:
Sugar-free is a term used for food products that do not contain sugar. Sugar is one of the major ingredients in bakery products and thus, such product would be helpful to those who are suffering from diabetes or any other medical conditions due to high sugar level in their body. Thus, this segment has witnessed significant growth over the past few years on account of rising diabetic population across the globe.
Application Insights:
Hypermarkets and supermarkets held the largest share of more than 60.0% in 2017. The segment is expected to continue its dominance over the forecast period, with a significant increase in demand from developed as well as developing countries such as India, China, Brazil etc. Increasing health consciousness among consumers is also likely to fuel product demand in this segment over the forecast period.
The convenience stores category was valued at USD 1,252.5 million in 2017 and is expected to witness significant growth owing to increasing consumer preference for on-the-go products coupled with growing awareness regarding fortified foods among retailers operating in developing countries such as India & China where a large number of these stores are present across cities including New Delhi (India), Guangzhou (China) & São Paulo (Brazil).
The others application includes einkorn wheat based products which are not only gluten free but also rich sources of proteins.
Regional Analysis:
Europe dominated the global fortified bakery product market in 2017. The presence of stringent regulations about consumption of sugar coupled with growing health awareness among consumers is expected to drive demand for fortification products over the forecast period. Europe was followed by Asia Pacific, which accounted for a share of more than 30% in terms of revenue in 2017 owing to rising consumer preference toward low-calorie and gluten-free products as a result of changing lifestyles and increasing disposable income levels.
Asia Pacific is anticipated to register significant growth over the forecast period on account that it has been one of the largest manufacturing hubs for processed food items such as ready-to-eat meals, snacks, confectionery goods since past few years due to availability skilled labor at affordable cost along with easy access to primary & secondary markets.
Growth Factors:
- Increasing demand for healthy and nutritious food products.
- Rising awareness about the health benefits of fortified bakery products.
- Growing popularity of bakery items among health-conscious consumers.
- Proliferation of supermarkets and convenience stores across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fortified Bakery Product Market Research Report
By Type
Gluten-Free, Sugar-Free, Low-Calories, Others,
By Application
Hypermarkets and Supermarkets, Convenience Stores, Others,
By Companies
Puratos (Europe), Lewis Brothers (U.S.), Grupo Bimbo (Mexico), Britannia Industries Ltd. (India), Nestle (Europe), SAra Lee Bakery Group (U.S.), Flowers Foods
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Fortified Bakery Product Market Report Segments:
The global Fortified Bakery Product market is segmented on the basis of:
Types
Gluten-Free, Sugar-Free, Low-Calories, Others,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hypermarkets and Supermarkets, Convenience Stores, Others,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Puratos (Europe)
- Lewis Brothers (U.S.)
- Grupo Bimbo (Mexico)
- Britannia Industries Ltd. (India)
- Nestle (Europe)
- SAra Lee Bakery Group (U.S.)
- Flowers Foods
Highlights of The Fortified Bakery Product Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gluten-Free
- Sugar-Free
- Low-Calories
- Others
- By Application:
- Hypermarkets and Supermarkets
- Convenience Stores
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fortified Bakery Product Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fortified bakery products are those that have been fortified with nutrients, such as vitamins and minerals. These products can be found in grocery stores and may be used to make bread, muffins, cakes or other baked goods.
Some of the major companies in the fortified bakery product market are Puratos (Europe), Lewis Brothers (U.S.), Grupo Bimbo (Mexico), Britannia Industries Ltd. (India), Nestle (Europe), SAra Lee Bakery Group (U.S.), Flowers Foods.
The fortified bakery product market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fortified Bakery Product Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fortified Bakery Product Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fortified Bakery Product Market - Supply Chain
4.5. Global Fortified Bakery Product Market Forecast
4.5.1. Fortified Bakery Product Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fortified Bakery Product Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fortified Bakery Product Market Absolute $ Opportunity
5. Global Fortified Bakery Product Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fortified Bakery Product Market Size and Volume Forecast by Type
5.3.1. Gluten-Free
5.3.2. Sugar-Free
5.3.3. Low-Calories
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fortified Bakery Product Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fortified Bakery Product Market Size and Volume Forecast by Application
6.3.1. Hypermarkets and Supermarkets
6.3.2. Convenience Stores
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fortified Bakery Product Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fortified Bakery Product Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fortified Bakery Product Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fortified Bakery Product Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fortified Bakery Product Demand Share Forecast, 2019-2026
9. North America Fortified Bakery Product Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fortified Bakery Product Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fortified Bakery Product Market Size and Volume Forecast by Application
9.4.1. Hypermarkets and Supermarkets
9.4.2. Convenience Stores
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fortified Bakery Product Market Size and Volume Forecast by Type
9.7.1. Gluten-Free
9.7.2. Sugar-Free
9.7.3. Low-Calories
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fortified Bakery Product Demand Share Forecast, 2019-2026
10. Latin America Fortified Bakery Product Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fortified Bakery Product Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fortified Bakery Product Market Size and Volume Forecast by Application
10.4.1. Hypermarkets and Supermarkets
10.4.2. Convenience Stores
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fortified Bakery Product Market Size and Volume Forecast by Type
10.7.1. Gluten-Free
10.7.2. Sugar-Free
10.7.3. Low-Calories
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fortified Bakery Product Demand Share Forecast, 2019-2026
11. Europe Fortified Bakery Product Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fortified Bakery Product Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fortified Bakery Product Market Size and Volume Forecast by Application
11.4.1. Hypermarkets and Supermarkets
11.4.2. Convenience Stores
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fortified Bakery Product Market Size and Volume Forecast by Type
11.7.1. Gluten-Free
11.7.2. Sugar-Free
11.7.3. Low-Calories
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fortified Bakery Product Demand Share, 2019-2026
12. Asia Pacific Fortified Bakery Product Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fortified Bakery Product Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fortified Bakery Product Market Size and Volume Forecast by Application
12.4.1. Hypermarkets and Supermarkets
12.4.2. Convenience Stores
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fortified Bakery Product Market Size and Volume Forecast by Type
12.7.1. Gluten-Free
12.7.2. Sugar-Free
12.7.3. Low-Calories
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fortified Bakery Product Demand Share, 2019-2026
13. Middle East & Africa Fortified Bakery Product Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fortified Bakery Product Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fortified Bakery Product Market Size and Volume Forecast by Application
13.4.1. Hypermarkets and Supermarkets
13.4.2. Convenience Stores
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fortified Bakery Product Market Size and Volume Forecast by Type
13.7.1. Gluten-Free
13.7.2. Sugar-Free
13.7.3. Low-Calories
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fortified Bakery Product Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fortified Bakery Product Market: Market Share Analysis
14.2. Fortified Bakery Product Distributors and Customers
14.3. Fortified Bakery Product Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Puratos (Europe)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lewis Brothers (U.S.)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Grupo Bimbo (Mexico)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Britannia Industries Ltd. (India)
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nestle (Europe)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SAra Lee Bakery Group (U.S.)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Flowers Foods
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
