Increased consumption of baked goods such as breads, cakes, pies, cookies, and crackers, across the globe is driving the bakery processing equipment market.
Bread is the third-largest contributor to CPG’s $360bn value, according to a report by the Grocery Manufacturers Association, while snacks, cereal, cookies and crackers also play an important role.
Similar to consumer trends in retail, home bakers are opting for bite-sized baked goods and healthier ingredients – making a star of citrus, coconut and hibiscus, though seasonal favorites hold strong.
Cake sales increased by $226m last year, but overall, the fresh department broadly must recommit to compete with the growing centerstore and CPG launches, says IRI.
The European bakery and pastry ingredients federation recently celebrated its 50th anniversary with its secretary general calling for a market that protects the innovation capacity for manufacturers of bakery ware across Europe.
Chain and independent bakeshops have a chance to compete with sandwich retailers, supermarkets and quick-service restaurants for a bigger slice of to-go business, according to NPD data.
According to Mintel data, younger consumers are interested in bread with a ‘healthy angle’, yet many remain unsure how best to choose a better-for-you option.
Entrepreneur Magazine’s annual Franchise 500 ranking included 17 US bakery franchises in total, with Cinnabon and Auntie Anne’s in the top 100 overall.
The US artisan wholesale bakery has enlisted founder Nancy Silverton, who sold the company in 2001, to create a range of sourdough breads to celebrate its 30th anniversary.
Younger consumers enjoy bakery items throughout the day, especially for breakfast, but they would prefer smaller portions, according to a report from the American Bakers Association (ABA) in conjunction with The Center for Generational Kinetics (GenHQ).
Mexico’s Grupo Bimbo began as a humble family store in 1945, growing into the largest baking company in the world and a relevant player in snacks, with net sales of $14.2bn in 2017.
