Thursday, 22 September 2022 08:00 AM
Company Update
The U.S. holds more than 79.6% of share in the North America bread crumbs market, which is predicted to increase at a CAGR of around 4.8% over the forecast period. U.K is estimated to hold more than 16.8% of share in the Europe bread crumbs market in 2022 and it is estimated to grow at a CAGR of around 4.9% in the forecast period.
NEWARK, DE / ACCESSWIRE / September 22, 2022 / As per FMI, the global bread crumbs market size is set to be valued at US$ 257.1 Mn in 2022 and is anticipated to reach a valuation of US$ 501.1 Mn by the end of 2032. The market is expected to grow at a CAGR of 6.9% from 2022 to 2032.
Nowadays, multi-cuisine restaurants and cafes are serving various starters and appetizers such as nuggets, fish balls, fritters, cheese balls, or cheese sticks. These dishes are mainly prepared by using bread crumbs, which give them an appealing look, texture, and taste. Increased consumption of such snacks has been witnessed among consumers visiting different hotels and restaurants. Rising consumption of bread crumbs in numerous foods and dishes is thus expected to result in impressive growth in the global bread crumbs market in the next ten years.
The market for bread crumbs or bread premixes is expected to grow further as a result of fast-food trends & increasing number of cafes, quick-service restaurants, and other food outlets across the globe. In recent years, developing economies such as China and India have outpaced industrialized economies in terms of processed foods owing to the rapid growth of their processed food industries.
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Whole grain bread is used to make bread crumbs that are high in fiber and nutrients. It also helps in reducing the risk of getting cardiovascular diseases, strokes, and obesity related issues. Owing to the above-mentioned factors, demand for whole-grain bread crumbs is predicted to grow over the next ten years.
Key Takeaways from Bread Crumbs Market Study
- Based on product type, the seasoned breadcrumbs segment is set to hold around 36.7% of revenue in 2022 and is likely to grow at a CAGR of 7.0% over the forecast period.
- By flavor, the flavored segment is expected to dominate the global bread crumbs market and hold more than 64.1% of share in 2022.
- In terms of end-use application, the savory segment is estimated to dominate the global bread crumbs market by holding more than 64.3% of share in 2022.
- By distribution channel, the retail segment is expected to dominate the global bread crumbs market by holding more than 28.6% of share in 2022.
- China is dominating the East Asia bread crumbs market by holding a significant share of more than 46.8%.
"Increased use of bread crumbs for making fish-based products and escalating demand from the food coatings industry are expected to boost the global bread crumbs market," says a Future Market Insights analyst.
Competitive Landscape: Bread Crumbs Market
Key manufacturers in the global bread crumbs market are mainly focusing on research & development activities in order to come up with innovative and unique product offerings. In addition to this, key players in the bread crumbs market are concentrating on mergers, acquisitions, and joint ventures to expand their geographical presence and broaden their existing production capacities.
For instance,
- Carrington Farms recently introduced a new product named Keto Bread Crumbs in June 2022. The latest non-GMO and plant-based bread crumbs provide consumers with the satisfying crunch of traditional bread crumbs, while appealing to keto, low glycemic dietary prescribers, and gluten-free food consumers. Carrington Farms' new product is a one-of-a-kind combination of coconut flour and ground lupin bean.
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Explore More Valuable Insights on the Bread Crumbs Market
Future Market Insights, in its new report, offers an impartial analysis of the global bread crumbs market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (plain bread crumbs, panko bread crumbs, Italian bread crumbs, seasoned bread crumbs, French bread crumbs), by flavor (regular/unflavored, flavored), by end-use application (savory, dessert, pet treat), by distribution channel (food service, travel retail, retail, online retailers), across seven major regions of the world.
About Food & Beverage Division at Future Market Insights
The food and beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
Explore FMI's Extensive Coverage on Food & Beverage Domain:
Bread Preservatives Market Analysis : The Bread Preservatives market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size.
Bread Improvers Market Growth : Demand in the bread improvers market is expected to reach US$ 4.1 Bn in 2022 and is expected to surpass ~US$ 7.9 Bn by 2032.
Bread Dough Improver Market Overview : It is predicted that emulsifiers is anticipated to remain sought-after among products in the global market for baking ingredients.
Par-Baked Bread Market Volume : The global par-baked bread market size is projected to exceed US$ 5.6 Bn in 2022, with sales increasing at a 4.5% CAGR between 2022 and 2032.
Mustard Seed Market Share : The global mustard seed market is forecasted to be valuated at US$ 1084.8 million by 2032, up from US$ 718.9 million in 2022, advancing at a CAGR of 4.2% from 2022 to 2032.
Palm Mid-Fraction Market Size : The global palm mid-fraction market size is expected to reach a valuation of US$ 237 Bn in 2022.
Lactoferrin Market Value : The overall demand for lactoferrin accounts for 33% of the global milk ingredients market and is poised to witness growth ata 5.6% CAGR to reach the value of US$ 332.2 Mn in 2031.
Confectionery Market Trends : Global confectionery market demand is anticipated to be valued at US$ 214,285.4 Million in 2022, forecast to grow at a CAGR of 7.4% to be valued at US$ 438,781.6 Million from 2022 to 2032.
Nutraceuticals Market Overview: The global market value for nutraceuticals market is USD 402.5 Bn in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 12.9% and cross the value of US$ 1354.2 Bn.
Cane Sugar Market Forecast : The global cane sugar market is expected to reach a market valuation of USD 53.6 Bn by the year 2022, accelerating with a CAGR of 4.6% by 2022-2032. Cane sugar sales grew at a CAGR of 3.3% between 2017 and 2022.
About Future Market Insights, Inc.
FUTURE MARKET INSIGHTS, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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