Baked Foods Market Outlook, Trends, Key Players and Forecast 2024

Baked foods are prepared through baking, which is a method of cooking food by elongated dry heat. Baked foods are full of taste as it is cooked more within its own oil, so they are very juicy and rich in flavor if cooked with accurate time, temperature and measured ingredients The most common types of baked foods can be segmented such as baked bakery products which include baked cakes and pastries, baked breads & rolls, baked donuts, baked biscuits, and baked dairy products. They are available in wide variety and their preferences may vary according to the regional demands.

Growing bakery industry is supporting the growth of Baked Foods Market at a global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Baked foods Market Research Report- Forecast to 2027 that the market will demonstrate an exceptional CAGR during the forecast period.

Increasing demand for bakery products including cookies & biscuits, bread, rolls & pies, cakes & pastries and others is driving the growth of baked foods market. Rise in number of working population and inclination towards ready-to-eat products is boosting the growth of the market. Rapid urbanization is another factor supporting the growth of baked foods market. Baked foods are low in fat for which they are gaining popularity among the rising health conscious population. Moreover, nutritional value addition in the baked bakery products through fruits and nuts is expected to surge the growth of the market. Continuous innovations and technological advancements is anticipated to propel the baked foods market over the forecast period.

Latest Industry Updates

Jan 2018 Arabian food industries, Domty which is into dairy sector has announced their expansion in baked goods in the year 2018

Jan 2018 Brock O'Hurn and Sarah Stage have introduced “Quest Protein Cookie” which delivers a soft and chewy baked goods texture

Global Baked Foods Market – Segments

The global baked foods market has been divided into type, distribution channel, and region.

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Global Baked Foods Market - Competitive Analysis

The key players profiled in baked foods market are Grupo Bimbo (Mexico), Finsbury Food Group (U.K), Flowers Foods (Georgia), Hostess Brands (U.S.), McKee Foods (U.S.), Yamazaki Baking (Japan), Aryzta (Switzerland), BreadTalk (Singapore), George Weston (Canada), Hillshire Brands (U.S.), Monginis (India), and Pepperidge Farm (U.S.) among many others.

 

Global Baked Foods Market - Regional Analysis

The global baked foods market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is dominating the market followed by Europe. In North America owing to the busy work schedule, majority of the population prefers wraps, rolls and pocket sandwiches which is driving the growth of baked foods in this region. Moreover, increasing health conscious population is influencing the rising demand for baked foods.

In Europe, U.K., Germany and France are the major contributors for baked foods market. Asia Pacific is witnessed to be the fastest growing region for baked foods market in which emerging markets of India and China are the major contributors. Rapid innovation in bakery industry with product diversification will boost the growth of baked foods in rest of the world.

Micro-Encapsulation Industry Share Analysis by Key Players, Trends and Application to 2024

Extensive use in various industries such as pharmaceutical & healthcare products, food & beverages, household & personal care products to enhance product functionality fuels the market growth. The market players serve the urge to respond to these new opportunities by expanding their global presence and services. Moreover, shifting focus towards healthier lifestyle and changing dietary preference marks the market expansion in the region. The micro-encapsulation market will also note a dramatic growth on the back of growing food additives industry where it extensively used for the production process. Also, rising disposable income and strong economy have led to the surge in the market. Continuous product innovation also gives way to market growth.

Market Research Future (MRFR)’s extensive study reveals that the Micro-Encapsulation Industry is expected to surge at an exceptional CAGR of 11.22%, surpassing the value of USD 212,761.2 million during the forecast period (2017-2023). However, high cost associated with the microencapsulation process may undermine the market growth. On the other hand, rise in demand to enhance product functionality, increasing demand from agrochemicals sector, reduced application cost and growth in research and development activities are inevitably triggering the market growth in the coming years.

Micro-Encapsulation – Segmental Analysis

The global micro-encapsulation market is segmented based on technology, coating material, and application

By technology, the market is segmented based on atomization, liposome entrapment, spray, and pan coating. The spray technology is leading the market and will sustain its position throughout the forecast period. Also, the segment is projected to thrive at a healthy CAGR of 11.48% during the forecast period owing to low thermal damage caused to the product and increase in shelf-life leading to improved logistics.

By coating material, the market is segmented based on polysaccharides, proteins, lipids, and resins. Among all the coating materials, lipids segment accounts for the maximum market share and will continue to lead throughout the forecast period. The segment is presumed to grow at a phenomenal CAGR of 11.50% in the coming years.

Various applications in the global micro-encapsulation market are home and personal care, agriculture, pharmaceuticals & healthcare and industrial & chemical. Among these, the pharmaceuticals & healthcare segment accounts for approximately 65.0% market share followed by personal care accounting for 9.4% of the global micro-encapsulation market.

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Regional Outlook

By region, the global micro-encapsulation market is segmented based on North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Globally the North American region has the upper hand and dominates the global market. The region is projected to surge at a CAGR of 10.86% during the forecast period. The growing awareness along with demand for fortified food products, growing demand from the pharmaceutical industry for numerous applications, and the advent of new technologies have driven the market growth in the region.

MRFR notes that Asia Pacific is anticipated to grow at the highest growth rate during the forecast period. In the region, China holds the major market share and will reach valuation of USD 1,042.5 million during the assessment period. The regional market has picked up immense speed since the demand from the food & beverages industry has quadrupled in the past few years. The other factors triggering the market growth are emerging economies, technological advancements, and rapid industrialization.

Gluten-Free Products Market Share Growing Industry, Global Insights

Global Gluten-Free Products Market is segmented by Type, Distribution Channel and Region.

The global gluten-free products market share is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, North American region is dominating the market over the forecast period. The market is projected to grow at a CAGR of 9.65% during the review period. This is attributed to high consumption of gluten-free products in this region. However, among the European countries, Italy is expected to grow with a CAGR of 9.64% during the review period.

Downstream Analysis:

Among the type, bakery & snacks segment is anticipated to retain its dominance throughout the forecast period. Also, the segment is projected to register a healthy CAGR of 9.91% during the given period due to increase in the demand of bakery and convenience food products. Among the distribution channels of gluten-free products, store-based segment is accounting for approximately 86% market share followed by non-store-based accounting for 14% of the global gluten-free products market. The segment is projected to register a healthy CAGR of 9.23% during the forecast period 2017-2022.

Competitive Analysis:

This report includes a study of strategies used in the market, mergers, and acquisitions and multiple product launch by gluten-free products market players. It further includes product portfolios and developments of leading players, which includes

• The Hain Celestial Group, Inc. (U.S.)
• Boulder Brands, Inc. (U.S.)
• General Mills, Inc. (U.S.)
• The Kraft Heinz Company (U.S.)
• Kellogg Company (U.S.)
• Mondelez International, Inc. (U.S.)
• Hero Group AG (Switzerland)
• Freedom Foods Group Ltd. (Australia)

The gluten-free foods & beverages market is competitive with major market players operating at the global level. Major manufacturers also are found to have high focus on acquisitions in order to strengthen their business presence. They are also involved in the strategic business expansion which will further support the company to expand and reach out to consumers across the regions. New product launches are also done to expand their business portfolio.

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Market Forecast:

Increasing health and wellness concern among the population is a major factor for the growing demand for gluten-free food products. The conviction that gluten-free products are generally healthier is one of the key factors responsible for purchase among consumers. There is also high perception among consumers that gluten-free food adds to the nutritional content and helps in weight management. The linkage of increased energy and weight loss is another factor for the growing consumption of gluten-free food products.

Furthermore, increasing incidence of diseases such as obesity, diabetes and other chronic diseases in the North American region has opened the doors for key players to come up with various customized gluten-free products which will in turn escalates the sales of gluten-free products during the forecast period. Moreover, product promotions through various channels have added fuel to this segment.

However, the threat of contamination of ingredients and raw materials due to improper handling is a major challenge faced by the vendors in the global gluten-free food market. Nevertheless, all these factors are boosting the global gluten-free products market to grow at the CAGR of 9.51% during the forecast period of 2017-2023.

Edible Insects Market Along with Statistics, Forecasts till 2024

Edible insects such as caterpillars, bees, ants and wasps, beetles, scale insects, grasshoppers, crickets, locusts, and mealworm are fit for human consumption and do not produce any toxic effect. Additionally, edible insects are considered as a rich source of protein, vitamins, and amino acids, which has a wide range of application in the food & beverage and animal feed industry. Also, they do not produce toxic gases such as ammonia, which is harmful to the environment.

The global edible insects market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the edible insects market followed by rest of the world. Thailand is a leading consumer of edible insects owing to increasing awareness about the benefits of consuming edible insect products. Also, mounting awareness towards insect farming is the key driving factor in this region.

Furthermore, increasing demand for natural ingredients in convenience food in Asia Pacific countries like China, India, and Japan are likely to boost the growth of the edible insect’s market during the review period. Additionally, Brazil and South Africa are experiencing higher consumption of edible cricket & beetle insects in food preparation, which is expected to drive the global edible insects’ market.

Increasing preference for natural ingredients in food & beverage products has surged the demand for edible insects in the global market. Edible insects contain high amount of protein, fibre, energy, minerals, vitamins, and fatty acids, which has shown a high inclination towards the edible insect’s products. Furthermore, growing environmental impact on the crop field using chemical fertilizers has surged the demand for sustainable food owing to low environmental impact, which is likely to increase the global edible insects’ market over the review period.

Also, edible insects are relatively cheaper, which has uplifted the demand for edible insects in the food & beverage industry. Furthermore, edible insects are not only used in the food and beverage industry but also has a potential application in the animal feed owing to high amount of amino acids & minerals. However, the limited availability of edible insects and absence of regulatory laws may hamper the growth of the edible insect’s market over the review period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 7.2% of edible insects market during the forecast period 2017-2023.

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Downstream Analysis:

Edible insects are segmented based on type, which includes caterpillars, bees, ants, and wasps, beetles, scale insects, grasshoppers, crickets and locusts, mealworm, and others. Edible beetle holds the major market share followed by crickets owing to presence of high amount of protein that serves as a better alternative for chicken and beef.

Based on the application, the edible insect’s market is segmented into food & beverages, bakery products, savory snacks, animal feed, and others. Among all the applications, application in savory snacks is dominating in the global market owing to presence of high protein, vitamin, potassium, zinc, calcium, and amino acid content.

Based on the distribution channel, the market is segmented into the store-based and non-store-based distribution channel. However, the store-based distribution channel is dominating the market based on the one-stop shopping experience.

Competitive Analysis:

The major players in the edible insect’s market

• Nordic Insect Economy Ltd. (Finland)
• Thailand Unique (Thiland)
• Haocheng Mealworms Inc. (China)
• Chapul Inc. (U.S.)
• Nutribug Ltd. (U.K)
• Bugsolutely Ltd. (Thiland)
• Eap Group, Sarl (France)

Market Segmentation:

Edible insects’ market is segmented based on type, application, distribution channel and region.

Cage-Free Eggs Market Share Will Generate New Growth Opportunities in Upcoming Year

Cage-free eggs are available in white and brown color. They come in small, medium, large, and other sizes. Cage-free eggs are bigger in size and also contain more yolk content over conventional caged eggs. High amount of omega-3 fatty acid in cage-free eggs marks it a good choice among the consumers, which also promotes a better heart health.

Global Cage-Free Eggs Market are considered to provide large number of Health Benefits with its consumption; the market of cage-free eggs is foreseen to be growing at an exponential rate. Cage-free eggs are poultry products produced at specialized poultry wherein the birds are allowed to wander in open. Cage-free poultry has perceived a healthier lifestyle, which ultimately uplifts the nutritional quality of the eggs. Cage-free eggs are found to have numerous health supporting qualities, these qualities have raised its consumption among the population suffering from high cholesterol level in the recent years.  Likewise, raised amount of cage-free poultry products from different food processors and food traders is foreseen to uplift the market growth. Moreover, high consumer demand has encouraged the manufacturers to go for cage-free eggs business over conventional caged eggs.

Major Key Players

Increasing demand for cage-free eggs has stimulated new market players to enter into the global poultry market in order to generate high revenues. The renowned market players are focusing more & more toward R&D in order to improve the quality of their product offerings to sustain their consumer base. The market players are competing in terms of prices and quality to attain consumers’ attention. Additionally, product promotions and high investments on R&D, advertising is among the key strategies followed by the manufacturers to strengthen their business. Strategic business expansions aid the market players to penetrate into the developing economies, and also helps in expanding their business portfolio.

The key players profiled in Cage Free Eggs are Cal-Maine Foods, Inc. (U.S.), Midwest Poultry Services, L.P. (U.S.), Eggland's Best, LLC. (U.S.), Weaver Brothers, Inc. (U.S.), Herbruck Poultry Ranch, Inc. (U.S.), Kuramochi Sangyo Co., Ltd. (Japan), and Lakes Freerange Egg Co., Ltd. (U.K) among many others.

Latest Industry Updates

Sep 2017 Bridor Company has announced its savory Bistro items would be prepared by cage-free eggs. Additionally, the company is showing high inclination towards meeting consumer expectations.

Jul 2017 Felton cage-free egg farm has a business expansion plan for 6,00,000 bird expansions. Also, the company is aiming to expand its cage-free egg business segment in the future years ahead.

Jan 2017 The Hellmann’s company has launched new mayonnaise and mayonnaise dressing products which are exclusively made from cage-free eggs.

Sep 2016 The Kroger Co., has launched a new product line of cage-free eggs. The Kroger brands with cage-free eggs are available at stores.

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Market Segments

The global cage free eggs market has been divided into color, size, distribution channel, and region.

Based on Color: White, and Brown

Based on Size: Small, Medium, Large, and Others

Based on Distribution Channel: Store-based, and Non-store based

Based on Region: North America, Europe, Asia Pacific, and ROW

Regional Analysis

The global Cage-Free Eggs Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North American market is expected to show a higher growth over the forecast period 2017-2023. The U.S. and Canada are leading this market and likely to continue dominating over the review period. Furthermore, changing lifestyle and consumption pattern is showing an inclination towards healthy food sources, which is another factor adding fuel to the growth of the North American cage-free eggs market.

The market is projected to experience a high growth due to growing sensitivity towards poultry health and high demand for cage-free eggs from the consumers. Additionally, the government and regulatory authorities are taking efforts to increase production of cage-free eggs, which is expected to boost cage-free eggs market in this region.