ID: MRFR/F-B & N/2265-HCR | 110 Pages | Published By Pradeep Nandi on April 2023
The global artisan bakery market share is predicted to register 4.8% of CAGR for the forecast period of 2020 to 2027. Further, the global market has aimed to meet the artisan bakery market size of USD 6.8 billion for the year 2027. Generally, artisan bakery products are made with handcrafted work. The artisan bakery uses the traditional methods by skilled food artisans to prepare the products. The artisan bakery involves the fermentation process while preparing foodstuff by artisans. These artisans' foodstuff includes buns, cakes & pies, cookies, bread, and other baked goods. According to the consumer’s preferences and demands, the texture, color, and flavors have been adjusted. Usually, baking methods are used in artisan bakery products. Basically, the artisan bakery products are prepared from a dough of flour and water to enhance the taste of stapled food. Moreover, the artisans add flavors to the baked products by using ingredients such as rosemary, savory garlic, date, rye, carrot, green olive, walnut, hot tomatoes, mushrooms, mini herbs, and many more.
The global artisan bakery market is driving its global market growth due to the changing consumer preferences towards baked food and increasing demand for on-the-go bakery food products. Further, the global market is triggering with the more functional demand as it constitutes a major part of the daily diet, and bread falls under artisan bakery products. The artisan bakery market is enhancing its growth due to the increasing demand for gluten-free baked food products across the regions and among vegan consumers. During the forecast period, the global market growth might hamper due to the variations in consumer preferences and manufactured bakery products.
The bakery market analysis report, it has given focuses on the overall growth aspects of the global market. The report has focused on overall market segmentation, competitor analysis, and regional analysis to better understand the market presence. Moreover, the report has highlighted the market dynamics that explain the present status and stability of the global artisan bakery market. Along with that, the report has explained the recent developments of the global market to understand the growth opportunities of the global market.
COVID 19 Analysis
The ongoing COVID 19 has impacted the artisan bakery market during the lockdown. The demand for artisan bakery was somehow decreased because people have become very conscious about their health and started avoiding outsider foods. The pandemic has decreased the global market’s sales demands, productivity, workforce, and transportation access. In the year 2020, the artisan bakery market has experienced lots of loss.
However, the entire global market had a negative impact for the year 2020, but it has slowly recovered from the pandemic situation, and now it has taken up its speed to enhance the artisan bakery market growth.
The increasing domestic conglomerates, foreign direct investments, and government investments enhance the global artisan bakery market growth. The global market is driving its global market growth due to the changing consumer preferences towards baked food and increasing demand for on-the-go bakery food products.
Further, the global market is triggering with the more functional demand as it constitutes a major part of the daily diet, and bread falls under artisan bakery products. The artisan bakery market is enhancing its growth due to the increasing demand for gluten-free baked food products across the regions and among vegan consumers.
Recently, the artisan bakery industries have adopted technological advancement in bakery processing equipment, which is developing the quality of the products. The increasing investment in technological up-gradation might bring more growth opportunities for the artisan bakery market.
Moreover, the key players are giving their collective effort to utilize this technological advancement scope and opportunity. Further, the opportunities for simpler procedures, innovative designs, capacity enhancement, and time-effective production can boost up the artisan bakery market revenue.
Though the global market is enhancing its growth by having various opportunities, it has further market restraints which can affect the global market. During the forecast period, the global market growth might hamper due to the variations in consumer preferences and manufactured bakery products.
Along with that, the global market might face restraints due to the increasing maintenance of equipment and increasing high fixed cost or the artisan bakery market prices.
Due to COVID, many people have got health conscious and started avoiding consuming outsider’s foods, which had impacted the global artisan bakery market trends. Hence, the key market players have adopted various strategies to enhance market growth by promoting their products and increasing the product's sales.
Apart from that, the global market might face challenges due to the lack of infrastructural support in emerging markets. The key players need to overcome the growth challenge in the present forecast years.
The artisan bakery market is increasing the functional demand as it constitutes a major part of the daily diet, and bread falls under artisan bakery products. Though the global market has some marker restraints and growth challenges, the key players of the global market are giving lots of effort to bring supportive solutions to the issues to overcome them.
Hence, the global artisan bakery market is predicted to register 4.8% of CAGR for the forecast period of 2020 to 2027. Further, the global market has aimed to meet the artisan bakery market share of USD 6.8 billion for the year 2027.
Segment Overview
Based on type segmentation, the global artisan bakery market is divided into different types to meet the demands of consumers and diverse requirements over the product.
The different types of the global market include cakes and pastries, bread and buns, biscuits and cookies, and others. According to the demands of the customers, they can choose the types.
According to the category segment, the global artisan bakery market is classified into two categories such as conventional and gluten-free.
Consumers mostly prefer these two categories as they require conventional and gluten-free products.
According to the distribution channel segmentation, the global artisan bakery market is classified based on the store-based and non-store-based.
Further, the store-based segment is sub-segmented into specialty stores, supermarkets and hypermarkets, and others. These distribution channels ensure that the global artisan bakery products must meet the requirement of the customers.
Regional Analysis
Based on the regional classification, the global artisan bakery market is considered to be spread its business across different regions of the world. These regions include North America, South America, Europe, Asia-Pacific, and other parts of the world.
The European region has taken up the largest artisan bakery market revenue amongst all the regions for the forecast period of 2027. Along with that, the North American regions include the US, Canada, and Mexico, which are generating more market revenue for the forecast period by achieving the second largest market share for the reviewed period.
The key players of the artisan bakery market are:
These prominent key players of the global artisan bakery market are playing an important role in increasing the market growth and meeting the demands and supply of all the regions.
Recent Developments
Report Overview
The global artisan bakery market overview report has highlighted market overview, COVID 19 Analysis, segment overview, market dynamics, regionals analysis, recent developments, and competitive landscape to understand the growth aspects of the global market. Moreover, the bakery market research report explains the position of this global market across the regions.
Along with that, the artisan bakery market statistics report has explained the recent developments of the global market to understand the growth opportunities of the global market.
The market segmentation of the global artisan bakery market highlights the followings:
Report Attribute/Metric | Details |
---|---|
Market Size | USD 6.8 Billion |
CAGR | 4.8% (2020-2027) |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2018 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Types, By Category, By Distribution Channel, and By Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Grupo Bimbo, S.A.B. de C.V. (Mexico), Aryzta AG (Switzerland), Corbion NV (Netherlands), Harry Brot GmbH (Germany), Lantmännen Unibake International (Denmark), Safinco NV (Belgium), R E Rich Family Holding Corporation (US), Flowers Foods Inc. (US) |
Key Market Opportunities | The increasing investment in technological up-gradation might bring more growth opportunities for the artisan bakery market |
Key Market Drivers | Increasing demand for on-the-go bakery food products |
Artisan bakery market would be valued at USD 6.8 billion by 2027.
Artisan bakery market CAGR would be 4.8% during the forecast period.
The European region is expected to generate high market revenue and hold a higher market share by the end of the year 2027.
The bakery processing industry segment is predicted to dominate the global market for the forecast period.
The increasing high fixed cost and maintenance of equipment are the major restraints for the global market.