Market Outlook
As per the recent Artisan bakery market report research, the global artisan bakery market has reported a growth of USD 4.5 billion for the year 2024. The market has registered a hike of 4.1% of CAGR from 2019 to 2024.
The artisan bakery products are handcrafted, and that’s why it has the highest demand in the market. The Artisan bakery market hires skilled food artisans to prepare the products by giving them a short, traditional touch. While preparing the foodstuff, they used the high fermentation process. The artisan bakery products include cakes, cookies, buns, pies, bread, and other baked goods. The texture, color, thickness, and flavor vary depending on consumers' preferences and demands. The products are made with traditional baking methods. The expert artisan uses dough of flour and water and multiple secret ingredients to enhance the flavor. They use ingredients like rosemary, date, savory garlic, carrot, walnut, mushrooms, hot tomatoes, mini herbs, etc.
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The market is driving rapidly because of certain growth factors like increasing consumer preferences and ready-to-eat products. The global market is triggering the market share because of the functional demand for following a diet and eating healthy foods made in gluten-free baked products. Vegan consumers are the reason for this market growth. The growth in the global market might hamper the market because of variation in consumer preferences and manufacturing processes.
Recently the Artisan bakery market has adopted technological advancements for the processing of bakery equipment. The increasing investment in the up gradation also brings growth opportunities. Even the key players are also giving their combined effort to utilize the market opportunities. The major fuel factors which bring the opportunity are the increased snacking and indulgence consumption, retail value sales of private-label bakery products, etc. The busy lifestyle of people and preferences for food make notable changes in the market. Especially in developed countries, the number of people consuming artisan bakery products is increasing, which increases the need for market key players.
Market segments:
The global Artisan bakery market is divided into certain segments based on type, category, and distribution channel. The market is classified into cakes, bread and buns, pastries, biscuits and cookies, and others.
Based on the category, the market is classified into conventional and gluten-free. Among two of them, the consumers mostly prefer gluten-free pr0ducts because of their wellness.
Based on the distribution channel, the market is classified into non-store-based and store-based. Further, the store-based segment is sub-segmented into supermarkets, specialty stores, and hypermarkets.
Regional segmentation of the market:
Based on the regional segments, the global industry artisan bakery market is classified into North America, Europe, South America, Asia-Pacific, and other parts. Among all of them, the European region has the highest market share value compared to the others. After that, the North American region holds the second largest market share. This region includes the countries like Canada, the US, and Mexico.
Industry News:
Recently, the Haas group expanded their service in India for the oven manufacturing plant to support the facility in the region. The Sonoma wholesale bread maker Artisan baker recently moved towards West Sacramento.
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