The global sourdough market size is projected to reach USD 3.5 billion by 2025, according to a new report by Grand View Research, Inc., registering a 5.7% CAGR during the forecast period. The industry is likely to witness high penetration in the bread application over the coming years.
The
sourdough bread segment has witnessed significant growth across the globe in
recent years. Increasing demand for pronounced flavor in bread, along with high
nutritional value, has been sparking product demand. Sourdough bread is in high
demand principally in European countries. With artisan baked products becoming
mainstream in countries such as U.K. and Germany, demand for sourdough bread is
expected to soar at a considerable rate over the forecast period.
Rising
popularity of gluten-free products is among the prominent drivers in the
industry. Gluten-free products are gaining popularity around the world for
their perceived health benefits. Encouragingly, the increasing sale of
gluten-free products has a positive impact on the sale of sourdough as these
products are naturally fermented and eliminate the interference of added
chemicals.
Another
prominent factor bolstering demand is artisan bakeries mushrooming in several
parts of the world. This is in reaction to rising popularity of artisan baked
products, specifically breads, notably in Asian countries such as Japan, China,
and India. Consumer predilection for artisan breads is attributable to the
growing popularity of coffee culture and out-of-home dining habits.
Asia
Pacific is anticipated to grow at the fastest pace over the forecast period
owing to its large customer base. From a manufacturing standpoint, setting up a
production facility in Asia Pacific would mean benefitting from an abundant
supply of raw materials. Prominent sourdough market players operating in this
region are also benefiting from rapidly changing consumer lifestyles.
Full Research Report On Sourdough Market Visit Here:
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Sourdough
Market Report Highlights
- In terms of
type, type III emerged as the largest segment in 2018 with a revenue of
USD 1.1 billion. The segment is expected to retain its pole position
throughout the forecast period to claim a market share of 46.8% by 2025
- In terms of
application, the pizza segment is expected to register the highest CAGR of
6.5% over the forecast period, driven by increasing consumer receptivity
to new flavors
- Europe
emerged as the largest regional segment in 2018 with a market share of
30.4%. Germany, U.K., France, and Netherlands were observed to be some of
the high-growth markets in this region
- The sourdough
industry is characterized by intense rivalry among prominent market
participants. Product innovation and differentiation were some of the most
employed strategies by key players to gain a competitive edge in the
industry.
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Sourdough
Market Segmentation
Grand View Research has
segmented the global sourdough market on the basis of type, application, and
region:
Sourdough Type
Outlook (Revenue, USD Million, 2014 - 2025)
- Type I
- Type II
- Type III
Sourdough
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Breads
- Cookies
- Cakes
- Waffles
- Pizza
- Others
Regional Outlook
(Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Netherlands
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- UAE
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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