Total sales of par-baked bread are expected to surpass a value of US$ 8.8 Bn by 2032, rising at a CAGR of around 4.5% over the forecast period.
As par-baked bread involve less time and effort than cooking from scratch, rising preference for convenience foods indirectly fuels demand for the product. Due to customers’ busy lifestyles, the processed food business like the par-baked bread market is driven by a higher need for convenience.
Online grocery shopping and the development of new apps are two of the most recent innovations pushing sales in the market, making it easier for consumers to select their chosen products. Consumers like internet purchasing because of the ease and variety it offers.
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According to Eurostat, in 2018, over 25% of the population bought food and consumables from online retail channels. Retail grocery shopping is becoming one of the platforms for companies to exhibit and sell their goods as internet and smartphone usage grows, therefore, pushing the sales of par-baked bread.
As per the statistics revealed by the American Frozen Food Institute, sales of frozen food products reached US$ 65.1 billion in 2020. All meal occasions, including dinner, lunch, and snacks, are contributing to a rise in frozen and semi-frozen food purchases, thereby boosting par-baked bread sales.
- Based on product type, sales of par-backed rolls are expected to remain high.
- In terms of sales channel, the offline segment will account for a dominant share in the market.
- The rising popularity of par-baked bread in the Europe market is clearly demonstrated by rapid innovation and frequent introductions of new frozen goods.
- Germany is forecast to account for 21% of the Europe par-baked bread market share by 2032.
- The U.S. will continue dominating the North America par-baked bread market over the assessment period due to high demand for par-baked rolls.
- France will emerge as a lucrative pocket as demand for artisanal bread products continues to grow.
“Increasing sales of packaged food products, along with growing trend of in-store bakeries across the globe will fuel demand for par-baked bread over the forecast period,” says an FMI analyst.
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As the consumption of par-baked bread has been increasing around the world, producers have continued to place a greater emphasis on product premiumization through innovation.
Key players operating in the global par-baked bread market are also focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activities, strengthening distribution channels, and adopting sustainable production.
Some of the leading companies offering par-baked bread are Vandemoortele N.V., The Soufflet Group, Delifrance, Country Style Foods, Europe Des Pains, Rich Products Corporation, Lantmannen Unibake, Prima International, Greendale Group, and Menissez.
Get Valuable Insights into Par-Baked Bread Market
FMI, in its new offering, provides an unbiased analysis of par-baked bread presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for par-baked bread based on type (rolls, baguette, loaf, ciabatta, polka bread, and other), by end-user (artisans bakers, hypermarkets & supermarkets, convenience stores, and bakery chains) across five major regions.
Par-Baked Bread Market by Category
- Polka Bread
- Artisans Bakers
- Hypermarkets & Supermarkets
- Convenience Stores
- Bakery Chains
- North America
- Latin America
- Asia Pacific
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About the Food & Beverage Division at Future Market Insights
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