According to Technavio, the market for bakery products in Europe is expected to expand by USD41.49 bn between 2021 and 2026 at a CAGR of 3.28%.
The expansion of the bakery products market in Europe is significantly fueled by the growing importance of in-store bakeries in supermarkets. The influence of the Russia-Ukraine conflict, for example, may limit market expansion.
The market for frozen bakery products is anticipated to develop to a value of USD10.03bn between 2021 and 2026, with a CAGR of 4.61%. Additionally, the product (frozen cakes, frozen pies, frozen cookies and crackers, and frozen pastries) and geography are covered in-depth in this research (Europe, North America, APAC, South America, and Middle East and Africa).
The size of the global market for bakery products is anticipated to increase by USD189.32bn between 2021 and 2026, with a CAGR of 6.4%. Additionally, the market segmentation for bakery goods by product (bread and rolls, cakes and pastries, cookies, and others) and geography is covered in-depth in this study (APAC, Europe, North America, South America, and the Middle East and Africa).
One of the major market trends for bakery products in Europe that is anticipated to have a favorable effect on the sector during the projected period is the rise of hybrid bakery products. The idea of hybrid baking, where two types and variations of baked goods are combined to create a new version, has been promoted by bakery food businesses in the area. Customers have expressed interest in hybrid products in the majority of developed markets, including the UK, Germany, France, and others.