According to new data from Future industry Insights (FMI), the packaged bread industry is anticipated to be worth US$2,535 million in 2023. The market is expected to grow at a 5% CAGR over the projected period, reaching US$ 4,180.8 million by 2033.
Due to consumer demand for items that are shelf-stable and do not require harsh packaging, bread packaging has slightly changed from what it once was. The majority of those surveyed during Berlin Green Week stated they would stop purchasing bread with subpar packaging.
German consumers, on the other hand, enjoy a variety of bread packaging, including frozen loaves in cardboard boxes, uncut loaves in shrink-wrapped packets, and sliced bread in plastic bags.
Manufacturers are implementing new machinery to enable affordable product packaging without compromising packaged bread quality in response to millennials’ preference for small portions of packaged bread wrapped for immediate consumption. They are also launching packaging solutions that can increase product shelf life. In passive or traditional packaging, bread was solely protected from air and mould by being wrapped in synthetic polymers with limited gas permeability.
Experience Knowledge’s Impact! Download Our Report Sample Today and Elevate Your Understanding.@
https://www.futuremarketinsights.com/reports/sample/rep-gb-14408
However, a new concept known as intelligent packaging or active packaging has recently emerged, in which the container is made of functional elements that can intentionally interact with bread in order to monitor and increase its shelf life. Frontrunners are also researching nano-packaging by employing edible and biodegradable films to meet environmental criteria, which can enhance packaged bread shelf life by up to 60 days.
Another recent technological advancement in the market is the implementation of 3D for exact sorting using Vision-system, an innovative 3D scanner that can easily handle the image recognition issue on conveyor belts while bread packaging is taking place, which can be missed out quite frequently in an automatic sort, resulting in low-contrast unidentified objects and small crumbs in packaged bread, which is undesirable.
Key Takeaways from Market Study
- The packaged bread market is worth of US$ 42.4 Bn sales in 2022.
- The packaged bread market is expected to expand at CAGR of 6% through 2032.
- Global packaged bread demand is projected to grow year-on-year (Y-o-Y) growth of 8% in 2022.
- The packaged bread market is growing with a notable boost towards the production to reach US$ 66.5 Bn by 2032.
- Easy availability raw materials, healthy packaging, and improved quality and taste to be the influencing factors among consumers, which is driving sales of packaged bread across global markets.
- Demand for packaged bread grew at 7% CAGR between 2017 and 2021.
- Associated British Foods Plc, DuPont™ Danisco, Fuji Baking Co. Ltd, Angel Bakeries, and Allied Bakeries (Kingsmill) are expected to be the top players in the industry.
- Organically packaged and sandwich bread are in heavy demand from bakery industry carrying a notable market share.
Lift the Veil on Our Methodological Excellence @ https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14408
Competitive Landscape
Key brands associated with packaged bread are focusing on sustainable product developments, while also extending the product lines with several modifications and extensive research procedures to boost the industry growth and to capture more market share in global arena.
- On June, 2021, Délifrance announced partnership with trend consultants Harris & Hayes to arrange a UK-wide retail study in order to explore the wants and needs of British consumers from packaged bread and pastry industry, and encourage them to buy quality products for both at home and out of the home purposes.
- In the year 2020, the brand La Brea went for twin objectives which were aimed at keeping supermarket shelves stocked while also keeping consumers engaged to broaden up the brand share. For instance, the extended product line of the brand featured of French baguettes with improved hydration and flour dusting.
Several other products also improved in features, such as Italian round (increased hydration, flour dusting, darker bake), French loaf (darker bake, lighter interior, flour dusting), whole wheat grain loaf (grains and seeds toppings), and sourdough loaf (darker bake).
Packaged Bread Market by Category
By Nature:
- Organic
- Conventional
By Product Type:
- Sandwich Bread
- Rolls & Buns
- Tortillas, Pitas & Wraps
- Frozen Breads
- Crisp Breads
- Dough & Crusts
- Others
By Application:
- Bakery Products
- Confectionery Items
- Frozen Desserts
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Key Questions Answered in the Report
- How big is the packaged bread industry?
- At what CAGR is the packaged bread market poised to expand through 2032?
- How was the performance of packaged bread market over the past half-decade?
- What will be the packaged bread market size in 2032?
- Who are the key players operating in the packaged bread market?
- Which are the top countries driving the packaged bread demand?
- What are the three popular types of packaged bread?
- Is fresh packaged bakery bread better than store-bought?
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube