Global Bakery market is anticipating to witness USD 138.86 Billion by 2026 with the CAGR of 4.0% over the forecast period from valued at USD 105.52 Billion in 2019. Convenience food have boosted the growth of bakery products market. the introduction of innovative products , a wide range of variety of bakery products by key players add to the growth of the market. Globally, bakery market has been segmented by type, claim, form, and region. The major factors which are expected to fuel the growth of the global bakery market are increased snacking, munching and indulge the habit of consumption, ready to eat foods due lack of time, hectic schedules specially people residing in metro cities. Latest emerging trends in the advancement in food processing technology has helped manufacturers to innovate products and new technological innovation can provide a growth opportunity for bakery market.
Hostess Brands, Inc. Entered Into Definitive Agreement to Sell Superior Cake Products, Inc. to Sara Lee Frozen Bakery
August 1st, 2019; Hostess Brands, Inc. entered into a definitive agreement to sell its Superior Cake Products, Inc. in-store bakery business to Sara Lee Frozen Bakery for a purchase price of USD65 million in cash, subject to post-closing adjustments. The transaction is expected to close during the third quarter, subject to customary closing conditions. The Company expects to use the net proceeds from the transaction to pursue a range of potential strategic options, including reinvesting in its business, de-leveraging its balance sheet and pursuing potential strategic acquisitions, while effectively managing its capital structure.
Key Players for Global Bakery market.
Global bakery industry analysis report covers prominent players are like Hostess Brands LLC, McDonalds, Kelloggs Company, Bruegger Enterprises, Warburtons Ltd., The Great Canadian Bagel Ltd., Canada Bread Company, Frank Roberts and Sons Ltd., Britannia Industries Ltd., BAB Inc., Noah Restaurant Group Inc., Mondelez International Inc., Flowers Foods Inc., Bimbo Bakeries USA and others.
Increasing Consumption of Ready to Eat Foods across the Globe owing to Hectic Lifestyle, Increased Snacking and Indulgence Consumption are the some of the Major Factors which are expected to Fuel the Growth of the Global Bakery Market.
North America is Expected to Dominate the Global Bakery market
North America is expected to dominate the growth of Bakery market due to the rapid urbanization and rising demand for convenience food. Urbanization, the worldwide increase in working population, the growth of out-of-home consumption and increased demand for instant and nutritious products are fostering the growth of market share of bakery in food industry in this region. According to Department of Economic and Social Affairs, the most urbanized regions include Northern America with 82% of its population living in urban areas in 2018. The urban population of the world has grown rapidly 4.2 billion in 2018.
Hostess Brands is an American bakery company headquartered in Kansas City, Missouri. The company was formed in June 2013 by Dean Metropoulos (Executive Chairman), Andy Callahan( CEO ). continuous innovation, strategic advancement through partnerships, and profitable growth are the factors that delight customers.
News- Hostess Brands, Inc. will be participating in the Barclays Global Consumer Staples Conference.
McDonald's Corporation is an American fast food company. McDonald's Corporation).Headquartered in Chicago, Illinois, U.S. Founded in may 15, 1940; 80 years ago in San Bernardino, California. McDonald's is the world's biggest restaurant chain by revenue,serving over 69 million customers daily in over 100 countries across 37,855 outlets.
News- In North East India McDonald’s introduces digital menu boards. McDonald's has bad news about its New spicy McNuggets of McDonald turned out as bad news.
The Kellogg, an American multinational food manufacturing company.Founded on february 19, 1906; 114 years ago (as Battle Creek Toasted Corn Flake Company)Battle Creek, Michigan, U.S founded by Will Keith Kellogg. Headquartered in Battle Creek, Michigan, U.S. The company mainly deals with products-Cereals,Crackers,Toaster pastries,Cereal bars,Fruit-flavored snacks,Frozen waffles,Vegetarian foods. Over 180 countries, Kellogg's products are manufactured and marketed. "Nourishing families so they can flourish and thrive’’ is the mission statement.
News-SEP 24, 2020
Kellogg Company Significantly Reduces Organic waste and food loss.Globally, reduced organic waste by 13.4%, total waste per pound of food produced by 5.7%¹ and only 1% of food handled went unused . Greenhouse Gas Reduction Goal Ahead of Schedule exceeds by Kellogg company.
Company reduces direct & indirect GHG emissions by more than 28%; continues to drive reductions across its supply chain globally.
Bruegger's Enterprises, a restaurant operator and subsidiary of the Luxembourg-based company JAB Holding Company. The company holds the Guinness World Record for producing the world's largest bagel as they they produce approximately 70 million bagels each year. The company was founded on 1983; 37 years ago in Troy, New York by Nordahl Brue and Mike Dressell. Headquartered in Burlington, Vermont, United States.
Warburtons is a British private baking firm. The company was founded by Thomas Warburton in 1876 144 ago. Headquatered in Bolton, a town formerly in Lancashire,England. Warburtons is the largest bakery brand in the UK. The company specialists in Bread & Morning Goods, Crumpets, Potato Cakes & Teacakes, Wraps & Sandwich Thins, Thin Bagels, Toastie Pockets, and Free From range.
News- Warburtons have taken a hit as shoppers ditch bread in favour of low-carb diets. The company had reported this to a “continuing decline in the core market” as well as some one-off restructuring costs.
The Great Canadian Bagel is a food & beverages company. Headquartered in MISSISSAUGA, ONTARIO. It was established in 1993,33 years ago and is an affiliate of The Great American Bagel Bakery. Currently, there are 52 locations in 12 states. 1987; 33 years ago.
Mondelez International is an American multinational onfectionery,food, holding and beverage and snack food company .Founded on October 2, 2012; 7 years ago by Thomas H. McInnerney. Headquartered in Chicago, Illinois, (USA), U.S. By total revenue, the company ranked No. 117 in the 2018 Fortune 500 list of the largest United States corporations. Baby food, coffee, dairy products, breakfast cereals, confectionery, bottled water, ice cream, pet foods are main products of the company.
News- Mondel?z International Announces Multi-Year Commitment to Advance Racial Equity through U.S. and Global Diversity & Inclusion Initiatives. Mondel?z International Advances Sustainable Palm Oil Sourcing with Enhanced Traceability.Mondel?z International Announces Cash Tender Offer.
Britannia Industries Limited is a beverage and Indian food company. Founded in 1892 ,128 years ago. Headquartered in Kolkata, West Bengal, India.Bakery products including biscuits, bread, cakes and rusk dairy products including milk, butter, cheese, ghee and dahi are the products of the company. The company is one of India's oldest existing companies and y a large market share and is exceedingly profitable.
News- Britannia Industries Intimation of Demise Of Mr. Anil Kumar Hirjee, Non-Executive Director. Buy Britannia Industries, target price Rs 3720: Kotak Securities. Britannia Industries Allotment Of Commercial Papers.
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