Sourdough Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Sourdough Market Size Worth $3.5 Billion By 2025 | CAGR 5.7%�
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.
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Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/sourdough-market Further key findings from the report suggest: 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.
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 o
U.S.
o
Canada
o
Mexico
Europe o
U.K.
o
Germany
o
France
o
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Netherlands
Asia Pacific o
China
o
India
o
Central & South America o
Japan
Brazil
Middle East & Africa o
UAE
Table of Contents Chapter 1 Methodology and Scope 1.1 Information Procurement 1.1.1 Purchased Database 1.1.2 GVR’s Internal Database 1.1.3 Secondary Sources 1.1.4 Third Party Perspective 1.1.5 Primary Research 1.2 Information Analysis & Data Analysis Models 1.3 List to Data Sources Chapter 2 Executive Summary 2.1 Market Insights 2.2 Segmental Insights 2.3 Competitive Insights Chapter 3 Market Variables, Trends & Scope 3.1 Market Lineage Outlook 3.1.1 Parent Market Outlook 3.1.2 Related Market Outlook 3.2 Penetration & Growth Prospect Mapping 3.3 Value Chain Analysis 3.3.1 Raw Material Trends 3.3.1.1 Major Raw Material Analysis 3.3.1.2 Procurement Best Practices 3.3.2 Manufacturing trends
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3.3.2.1 Technology Trends 3.3.2.2 Outsourcing and contract manufacturing trends 3.3.3 Cost structure and profit margin analysis 3.3.3.1 Average Selling Price Analysis 3.3.3.2 Profit margin and cost analysis 3.3.4 Sales channel analysis 3.3.5 Vendor selection criteria 3.4 Technology Overview 3.4.1 Technology timeline 3.5 Regulatory Framework 3.6 Market Dynamics Continue………….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market y provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and factbased research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email:sales@grandviewresearch.com For More Information:http://www.grandviewresearch.com
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