Specialty Bakery Market to Grow by 2.45%


The specialty bakery market size is estimated to grow by USD10.54bn from 2021 to 2026 at a CAGR of 4%, according to research company Technavio.

The increasing level of competition in the market is compelling vendors to adopt a variety of growth strategies in order to improve the visibility of their services. These strategies include engaging in promotional activities and spending money on advertisements.

Meanwhile, it is anticipated that the size of the bakery premixes market will increase by USD104.18m at a compound annual growth rate of 5.07% between the years 2022 and 2027. The market can be broken down into distinct submarkets based on application (bread products and bakery products), product type (complete mix, dough-base mix, and dough concentrate), and geographic location (North America, Europe, APAC, Middle East and Africa, and South America).

The size of the bakery products market in Europe is projected to increase by USD41.49m at a CAGR of 3.28% between the years 2021 and 2026, according to the latest estimates. Both the product (such as bread and rolls, cakes and pastries, cookies, and others) and the type is used to segment the market (fresh bakery products and frozen bakery products).

Find out more at: https://www.technavio.com/