According to a new report, published by KBV research, The Global Packaged Bread Market size is expected to reach $904.8 billion by 2031, rising at a market growth of 13.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 96,528.1 Kilo Tonnes, experiencing a growth of 4.0% (2020-2023).
The Plastic Bags segment registers a CAGR of 13.1 % during the forecast period. This dominance can be attributed to several factors, including plastic bags' convenience and durability. They provide excellent protection for bread, maintaining freshness and extending shelf life, which is crucial for retailers and consumers. Additionally, plastic bags are cost-effective, making them attractive for manufacturers aiming to balance quality with affordability. The versatility and widespread availability of plastic bags have solidified their position as the leading packaging choice in the market.
The Specialty Stores segment is leading the Global Packaged Bread Market by Distribution Channel in 2023; thereby, achieving a market value of $340.5 billion by 2031. Specialty stores are often favored for their unique and high-quality offerings, providing a curated selection of bread that caters to specific tastes and dietary needs. These stores typically focus on artisanal and gourmet breads, attracting consumers willing to pay a premium for distinctive products. The emphasis on quality, freshness, and specialized varieties makes specialty stores popular among bread enthusiasts.
The Brown Bread segment would exhibit a CAGR of 14.4% during (2024 - 2031). A shift towards healthier eating habits and lifestyle changes largely drives the growing preference for brown bread. Consumers are becoming more conscious of the health implications of their dietary choices, leading to increased demand for bread varieties that offer enhanced nutritional value. Brown bread, with its rich fiber content and essential nutrients, is a beneficial option supporting digestive health and sustaining energy.
Full Report: https://www.kbvresearch.com/packaged-bread-market/
The Europe region dominated the Global Packaged Bread Market by Region in 2023; thereby, achieving a market value of $323.2 billion by 2031. The North America region is expected to witness a CAGR of 13.5% during (2024 - 2031). Additionally, The Asia Pacific region would experience a CAGR of 14.3% during (2024 - 2031).
By Packaging (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
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