The bread crumbs market is a rising star in the food industry, poised to reach a value of USD 1.96 billion by 2033, with a projected CAGR of 7.1%. This growth presents a golden opportunity for B2B investors seeking to capitalize on the increasing demand for convenient and flavorful food solutions.
Easy breakfast solutions and the growing preference for ready-to-eat food among consumers are driving the demand for bread crumbs. The increase in food retail stores, as well as the rising popularity of processed and convenience foods, is likely to boost sales in the forthcoming years.
Several key trends are fueling the demand for bread crumbs:
- Convenience Reigns Supreme: Consumers are increasingly opting for ready-to-eat meals and processed foods due to busy lifestyles. Bread crumbs offer a convenient and versatile solution for adding texture and flavor to various dishes.
- The Art of Breading: Bread crumbs enhance the visual appeal of food, making them a favorite among restaurants and food manufacturers. They create a crispy and golden-brown exterior, adding a delightful textural contrast to various dishes.
- Waste Not, Want Not: Bread crumbs offer a sustainable solution for bakeries by utilizing leftover bread. This reduces waste and creates a valuable secondary product.
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The significant role of bread crumbs as a binding agent for a wide range of foods, including meat, vegetables, and desserts, adds to the list of factors fueling the growth of the bread crumbs market. They also find extensive application in the food industry due to the increased consumption of bread products, making the bread crumbs market more profitable.
The diverse culinary preferences of consumers lead to changes in their preferences over time. Bread crumbs cater to these preferences by offering a wide range of choices in flavors, such as seasoned bread crumbs, panko bread crumbs, gluten-free bread crumbs, and whole grain bread crumbs.
Growing Factors: The Dough is Rising
The bread crumbs market is experiencing growth due to several key factors:
- Product Innovation: Manufacturers are constantly innovating to cater to evolving consumer preferences. This includes the introduction of new flavors, organic options, and gluten-free varieties.
- Health and Wellness Focus: Consumers are increasingly prioritizing health-conscious food options. Manufacturers are responding by developing bread crumbs with whole grains and reduced sodium content.
- The Rise of E-commerce: The growing popularity of online grocery shopping is creating new avenues for bread crumbs manufacturers to reach a wider customer base.
Key Takeaways
- The bread crumbs industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.3% through 2033.
- The United States held a 24.1% share of the global bread crumbs industry in 2022.
- With a CAGR of 3.9% over the forecast period, India is predicted to develop in the bread crumbs industry.
- In 2022, Japan had a 3.9% share of the bread crumbs industry globally.
- The bread crumbs industry in China is expected to increase, registering a CAGR of 11.6% over the forecast period.
- Germany accounted for 7.6% of the bread crumbs market in 2022.
- Based on type, panko bread crumbs occupied the largest market share, capturing a share of 27.8%.
- On the basis of application, bread crumbs for the savory segment held a 64.0% share in the market.
- Flavored bread crumbs managed to lead the bread crumbs market by holding 64.0% shares in 2022.
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Competitive Landscape
Large-scale and small-scale producers, as well as international and regional players, operate in the bread crumbs market, making it highly competitive. Key players are focused on expanding their product offerings and including a diversified range of products based on consumer preferences. These companies are investing more in research and development, as well as conducting surveys to understand the consumer base better and eventually provide high-quality and cost-effective products.
The leading players in the bread crumbs market are
- Kikkoman
- Gonnella
- Delallo
- 4C Foods
- Vigo Foods
- Gillian’s Foods
- Edward & Sons
Recent Market Developments
In June 2022, Carrington Farms unveiled an innovative product named Keto Bread Crumbs. These novel bread crumbs are both non-GMO and plant-based, offering a delightful crunch reminiscent of traditional bread crumbs.
In May 2022, General Mills made public its plans to acquire TNT Crust, a renowned producer of premium frozen pizza crusts catering to regional and national pizza franchises, foodservice distributors, and retail channels.
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Global Bread Crumbs Market Outlook by Category
By Product Type:
- Plain Bread crumbs
- Panko Bread crumbs
- Italian Bread crumbs
- Seasoned Bread crumbs
- French Bread crumbs
By Flavor:
- Regular/Unflavored
- Flavored
- Lemon
- Garlic
- Herbs
- Parmesan Cheese
- Romano Cheese
By End Use Application:
- Savory
- Soups
- Prepared Food & Ready Meals
- Meat Poultry & Seafood
- Patties
- Pasta Toppings
- Dumplings
- Breaded Vegetables
- Casseroles
- Stuffed Meat and Vegetables
- Dessert
- Pet Treats
By Distribution Channel:
- Food Service
- HoReCa
- Quick Service Restaurants
- Travel Retail (Airplanes, Cruise Ships, Others)
- Retail
- Hypermarket/Supermarket
- Convenience Stores
- Departmental Stores
- Wholesale Stores
- Mass Grocery Retailers
- Independent Retailers
- Specialty Stores
- Online Retailers
- Company Website
- Third Party Websites
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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