Baked Foods Market Report with Growth, Latest Trends & Forecasts till 2024

Growing bakery industry is supporting the growth of Baked Foods Market at a global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Baked foods Market Research Report- Forecast to 2027 that the market will demonstrate an exceptional CAGR during the forecast period.

Baked foods are prepared through baking, which is a method of cooking food by elongated dry heat. Baked foods are full of taste as it is cooked more within its own oil, so they are very juicy and rich in flavor if cooked with accurate time, temperature and measured ingredients The most common types of baked foods can be segmented such as baked bakery products which include baked cakes and pastries, baked breads & rolls, baked donuts, baked biscuits, and baked dairy products. They are available in wide variety and their preferences may vary according to the regional demands.

Increasing demand for bakery products including cookies & biscuits, bread, rolls & pies, cakes & pastries and others is driving the growth of baked foods market. Rise in number of working population and inclination towards ready-to-eat products is boosting the growth of the market. Rapid urbanization is another factor supporting the growth of baked foods market. Baked foods are low in fat for which they are gaining popularity among the rising health conscious population. Moreover, nutritional value addition in the baked bakery products through fruits and nuts is expected to surge the growth of the market. Continuous innovations and technological advancements is anticipated to propel the baked foods market over the forecast period.

Latest Industry Updates

Jan 2018 Arabian food industries, Domty which is into dairy sector has announced their expansion in baked goods in the year 2018

Jan 2018 Brock O'Hurn and Sarah Stage have introduced “Quest Protein Cookie” which delivers a soft and chewy baked goods texture

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Global Baked Foods Market - Competitive Analysis

The key players profiled in baked foods market are Grupo Bimbo (Mexico), Finsbury Food Group (U.K), Flowers Foods (Georgia), Hostess Brands (U.S.), McKee Foods (U.S.), Yamazaki Baking (Japan), Aryzta (Switzerland), BreadTalk (Singapore), George Weston (Canada), Hillshire Brands (U.S.), Monginis (India), and Pepperidge Farm (U.S.) among many others.

Global Baked Foods Market – Segments

The global baked foods market has been divided into type, distribution channel, and region.

Global Baked Foods Market - Regional Analysis

The global baked foods market is segmented into North America, Europe, APAC, and Rest of the World (RoW). North America is dominating the market followed by Europe. In North America owing to the busy work schedule, majority of the population prefers wraps, rolls and pocket sandwiches which is driving the growth of baked foods in this region. Moreover, increasing health conscious population is influencing the rising demand for baked foods.

In Europe, U.K., Germany and France are the major contributors for baked foods market. Asia Pacific is witnessed to be the fastest growing region for baked foods market in which emerging markets of India and China are the major contributors. Rapid innovation in bakery industry with product diversification will boost the growth of baked foods in rest of the world.

New MRFR Report Explores Impact of COVID-19 Outbreak on Micro-Encapsulation Market

Extensive use in various industries such as pharmaceutical & healthcare products, food & beverages, household & personal care products to enhance product functionality fuels the market growth. The market players serve the urge to respond to these new opportunities by expanding their global presence and services. Moreover, shifting focus towards healthier lifestyle and changing dietary preference marks the market expansion in the region. The micro-encapsulation market will also note a dramatic growth on the back of growing food additives industry where it extensively used for the production process. Also, rising disposable income and strong economy have led to the surge in the market. Continuous product innovation also gives way to market growth.

Market Research Future (MRFR)’s extensive study reveals that the Micro-Encapsulation Industry is expected to surge at an exceptional CAGR of 11.22%, surpassing the value of USD 212,761.2 million during the forecast period (2017-2023). However, high cost associated with the microencapsulation process may undermine the market growth. On the other hand, rise in demand to enhance product functionality, increasing demand from agrochemicals sector, reduced application cost and growth in research and development activities are inevitably triggering the market growth in the coming years.

Micro-Encapsulation – Segmental Analysis

The global micro-encapsulation market is segmented based on technology, coating material, and application

By technology, the market is segmented based on atomization, liposome entrapment, spray, and pan coating. The spray technology is leading the market and will sustain its position throughout the forecast period. Also, the segment is projected to thrive at a healthy CAGR of 11.48% during the forecast period owing to low thermal damage caused to the product and increase in shelf-life leading to improved logistics.

By coating material, the market is segmented based on polysaccharides, proteins, lipids, and resins. Among all the coating materials, lipids segment accounts for the maximum market share and will continue to lead throughout the forecast period. The segment is presumed to grow at a phenomenal CAGR of 11.50% in the coming years.

Various applications in the global micro-encapsulation market are home and personal care, agriculture, pharmaceuticals & healthcare and industrial & chemical. Among these, the pharmaceuticals & healthcare segment accounts for approximately 65.0% market share followed by personal care accounting for 9.4% of the global micro-encapsulation market.

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Regional Outlook

By region, the global micro-encapsulation market is segmented based on North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Globally the North American region has the upper hand and dominates the global market. The region is projected to surge at a CAGR of 10.86% during the forecast period. The growing awareness along with demand for fortified food products, growing demand from the pharmaceutical industry for numerous applications, and the advent of new technologies have driven the market growth in the region.

MRFR notes that Asia Pacific is anticipated to grow at the highest growth rate during the forecast period. In the region, China holds the major market share and will reach valuation of USD 1,042.5 million during the assessment period. The regional market has picked up immense speed since the demand from the food & beverages industry has quadrupled in the past few years. The other factors triggering the market growth are emerging economies, technological advancements, and rapid industrialization.

Edible Insects Market Status and Forecast to 2024

The global edible insects market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the edible insects market followed by rest of the world. Thailand is a leading consumer of edible insects owing to increasing awareness about the benefits of consuming edible insect products. Also, mounting awareness towards insect farming is the key driving factor in this region.

Furthermore, increasing demand for natural ingredients in convenience food in Asia Pacific countries like China, India, and Japan are likely to boost the growth of the edible insect’s market during the review period. Additionally, Brazil and South Africa are experiencing higher consumption of edible cricket & beetle insects in food preparation, which is expected to drive the global edible insects’ market.

Edible insects such as caterpillars, bees, ants and wasps, beetles, scale insects, grasshoppers, crickets, locusts, and mealworm are fit for human consumption and do not produce any toxic effect. Additionally, edible insects are considered as a rich source of protein, vitamins, and amino acids, which has a wide range of application in the food & beverage and animal feed industry. Also, they do not produce toxic gases such as ammonia, which is harmful to the environment.

Increasing preference for natural ingredients in food & beverage products has surged the demand for edible insects in the global market. Edible insects contain high amount of protein, fibre, energy, minerals, vitamins, and fatty acids, which has shown a high inclination towards the edible insect’s products. Furthermore, growing environmental impact on the crop field using chemical fertilizers has surged the demand for sustainable food owing to low environmental impact, which is likely to increase the global edible insects’ market over the review period.

Also, edible insects are relatively cheaper, which has uplifted the demand for edible insects in the food & beverage industry. Furthermore, edible insects are not only used in the food and beverage industry but also has a potential application in the animal feed owing to high amount of amino acids & minerals. However, the limited availability of edible insects and absence of regulatory laws may hamper the growth of the edible insect’s market over the review period. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 7.2% of edible insects market during the forecast period 2017-2023.

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Downstream Analysis:

Edible insects are segmented based on type, which includes caterpillars, bees, ants, and wasps, beetles, scale insects, grasshoppers, crickets and locusts, mealworm, and others. Edible beetle holds the major market share followed by crickets owing to presence of high amount of protein that serves as a better alternative for chicken and beef.

Based on the application, the edible insect’s market is segmented into food & beverages, bakery products, savory snacks, animal feed, and others. Among all the applications, application in savory snacks is dominating in the global market owing to presence of high protein, vitamin, potassium, zinc, calcium, and amino acid content.

Based on the distribution channel, the market is segmented into the store-based and non-store-based distribution channel. However, the store-based distribution channel is dominating the market based on the one-stop shopping experience.

Competitive Analysis:

The major players in the edible insect’s market

• Nordic Insect Economy Ltd. (Finland)
• Thailand Unique (Thiland)
• Haocheng Mealworms Inc. (China)
• Chapul Inc. (U.S.)
• Nutribug Ltd. (U.K)
• Bugsolutely Ltd. (Thiland)
• Eap Group, Sarl (France)

Market Segmentation:

Edible insects’ market is segmented based on type, application, distribution channel and region.

Organic Fertilizers Market Revenue, Sales to 2024

Fertilizers are chemical or natural substance which is added to the soil or land to increase fertility. Organic fertilizers are fertilizers extracted from animal manure, plant extracts as well as minerals and vegetable matter. Since organic fertilizers are derived from natural substances, therefore, damage to the environment is less of a concern. Organic fertilizers are rich in growth hormones and micronutrients as well as help to reduce the risk of diseases in humans, as they find their way to food as well. Due to depletion of soil quality, use of fertilizers is being propelled to help farmers to increase crop production, as well as the surge in crop acreage and requirement to increase crop production is encouraging farmers to use organic fertilizers. Organic fertilizers are selected according to the requirement of the nutrients by the crop. They have gained status globally, as they help in increasing the quantity as well as improve the quality produced.

The global Organic Fertilizers Market Growth is growing due to increasing population as well as their increasing willingness to pay for organic foods. Farmers’ preference towards organic farming due to favorable pricing of the products has helped to increase the area under cultivation as well as growing agriculture land area for organic cultivation, has led to the increasing demand for organic fertilizers. In addition to the increasing population, the growing demand for food, rise in the crop production, increasing soil efficiency, growing economy, increasing demand for biofuels and high-quality yield are expected to drive the organic fertilizers market.

Increased awareness about the organic fertilizers due to government policies and rules towards the growth of organic fertilizers has raised the bar for quality, which, in turn, increase the market share of organic fertilizers globally. Major market dispersion is leading to the introduction of new products based out of the organic fertilizers and their retail across various regions. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has fueled up the share of organic fertilizers in the global market. High nutritional benefits obtained from organic fertilizers are also supporting the sale of organic fertilizers globally. Additionally, the augmentation of the product development together with research advancements are other significant reasons for the increasing growth of the organic fertilizers market during the forecast period 2017-2023.

Competitive Analysis:

Some of the key players in the global Organic fertilizers market are:

• Tata Chemicals Ltd. (India)
• Midwestern BioAg (U.S.)
• Coromandel International Limited (India)
• Agrocare Canada (Canada)
• Italpollina S.p.A. (Italy)
• The Scotts Miracle-Gro Company (U.S.)
• Suståne Natural Fertilizer, Inc. (U.S.)

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Downstream Market Analysis:

Globalization and urbanization are key factors for the growth of this market. Furthermore, the admiration of organic fertilizers and its involvement of nutritional attributes as well as extra micronutrients are encouraging the growth of the liquid fertilizers market. The consumer’s willingness to pay for organic foods as well government’s policies and rules towards the organic fertilizers is expected to play a significant role in the growth of this market during the forecast period. Additionally, the augmentation of the product development together with research advancements are other significant reasons for the increasing growth of the organic fertilizers market during the forecast period 2017-2023.

U.S. Cheese Market Recent Trends and Growth Prospects to 2024

The U.S. Cheese market is projected to reach 6,787 KT by 2023, at a CAGR of 3.41% from 2017, in terms of market volume. Wisconsin and California are the major producer of cheese in U.S. Fresh cheese, along with soft and hard cheese finds wide application in the food sector. Cheese is used in various ready-to-eat meals, convenience foods and fast-foods which is widely consumed in the U.S. The popularity of on-the-go food in U.S. is driving the market for cheese as a major ingredient in the food products. Extensive survey’s on U.S. cheese consumption and according to the International Dairy Foods Association, the consumption of per capita cheese consumption in U.S. is evaluated to be 34 pounds and was calculated to be 33.7 pounds in 2013. The increase in consumption of Italian and Mexican food preparations has raised the demand for cheese as cheese is one of the major constituent in these cuisines. For instance, pizza and pasta have become popular dishes consumed all over the world. Apart from the herbs used in these dishes. Cheese is considered to be a vital ingredient in these food preparations.

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Market Forecast

In the U.S., Mozzarella is estimated to contribute more than 45% of total market share in 2017 and is projected to grow at the rate of 4.13% during the period 2017 to 2023 due to increasing consumption of Mozzarella cheese compare to Cheddar in U.S. Cheddar will capture around more than 20% market share by 2023 with CAGR of 3.43%. Other Italian cheese mainly includes Provolone, Parmesan and Romano cheese which is projected to grow at significant growth during the forecast period due to growing popularity of Italian cheese. Other American cheese include the types namely Bergenost, Bloomsdale, Dorset, and Cup Cheese and it will grow with CAGR of 2.73% during 2017 to 2023 as export of American cheese has increased from Japan, France and South Korea.

Feta, Hispanic, Cottage cheese and Monetary Jack cheese are major cheese types which are produced in U.S. Colby Jack, Cream cheese and Cottage cheese together hold more than 4% of market share. Other product type includes Limburger cheese, Hoop cheese, Liederkranz cheese, Nacho cheese, Red Hawk, String cheese, Swiss cheese and Sardo.

 By Application analysis-

Fast food snacks application will continue to dominate the U.S. Cheese market with more than 20% of market share and it is projected to reach around 1600 kilo tons by 2023 as consumption of cheese in fast food is growing along with its popularity. Cheese application in cheese spreads and cheese dips together holds more than 30% of market share due to increasing application of cheese in cheese dips in various states especially in California and Wisconsin. In Bakery food application of cheese, Wisconsin holds majority of market share due to huge production of cow milk and its application in various types of cheese production which are becoming popular in bakery food application to enhance flavor. In other application of cheese Idaho and Minnesota will witness significant growth which will backed by introduction of new type of cheese especially in Idaho and Minnesota.

Luxury Fashion Market Segmentation, Opportunities and Global Forecast To 2024

Luxury Fashion Market has been growing enormously and is expected to continue an upwards trend. According to a recent study report published by the Market Research Future, The Global Market of Luxury Fashion has increased its market growth in recent years and is expected to grow at a rapid pace during the forecasted period. The global market of Luxury Fashion is forecasted to witness a thriving growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).

MRFR Research Team observed the three dominant trends in the global Luxury Fashion Market which are globalization, consolidation, and diversification. Globalization is a result of the increased availability of these goods, additional luxury brands, and an increase in tourism. Consolidation involves the growth of big companies and ownership of brands across many segments of luxury products.

Well-established players having regional and global presence adorn the Luxury Fashion market as highly competitive. Marketers are competing based on price, quality, innovation, service, reputation, and distribution. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the Luxury Fashion market.

The key players profiled in luxury fashion market are Louis Vuitton, Hermès, Gucci, Chanel, Rolex, Cartier, Prada, Burberry, Michael Kors, Tiffany, Zara, and Dolce & Gabbana.

The Luxury Fashion Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type: Comprises Clothing, Footwear, Accessories and others.

Segmentation by Distribution Channel: Comprises Monobrand stores, department stores, specialty stores, multi brand boutiques, airport, e-commerce and others

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

The US continues to provide robust growth, benefiting from solid post-recession recovery. The slowdown in sales of Luxury Fashion in China is expected to enable the US to remain the world leader though, highlighting its strategic importance within the global industry.

Secondary data reveals that among the various market segments accessories specifically watches and jewelry witnessed highest growth followed by clothing in the last few years.

Clothing and accessories dominate the luxury fashion market both in market volume.

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Rise in women working population across the world has boosted the luxury fashion product sales to a greater extent, traction for branded items, rise in disposable incomes continue to support growth of the luxury fashion market.

MRFR Analysis expects the fashion industry to see the glimmers of a rebound in the recent future. This recovery has several foundations. First macroeconomic indicators, including GDP growth forecasts, are projected significantly; however, these have not been adjusted to reflect the ongoing impact of important political shifts in the United States and the United Kingdom. Second, the investment community and the fashion brands themselves forecast improvement across the industry next year. Product categories are expected to grow in line with the overall industry average, but the biggest winners will be those companies with coherent channel strategies and clear value propositions.

Athletic wear is positioned to be the absolute category winner; albeit no longer growing at a double-digit rate overall. The affordable luxury segment seems likely to continue benefitting from consumers “trading down” from luxury, while signs point to the continued growth of the value segment in line with the international expansion of large global players. In short, the industry now can stabilize and reset.

North America Cannabis Market Survey and Global Foresight Report 2024

The cannabis market has shown rapid growth in the past few years owing to rapid demand increase for cannabis and related products. Market Research Future, who specializes in market reports related to the consumer and retail sector among others, recently published a report on this market. Expansion of the North America cannabis market is estimated with a CAGR of 33% in forecast period from 2016 to 2021.

Medical uses of cannabis are one of the major uses that have driven the demand for the market especially in North America. Legalization of cannabis in many of the North American countries has led to creation of further demand and enhanced the growth potential of the market. Furthermore, introduction of different cannabis included products has led to expansion of the market size significantly. Utilization of cannabis to treat various medical ailments has been beneficial to the progress of the sector.

The north america cannabis market report is categorized on the following basis:

Based on Derivatives: Industrial Hemp and Marijuana/Flowers, Other Concentrates/Products which include Keif, Hash, Hash Oil Etc.

Based on Applications type: Based on applications the market is segmented into applications of marijuana into medicinal applications, recreational applications and others and applications of hemp into food and baby care, clothing & textile among others

North America Cannabis Market Regional Analysis

Cannabis market in North America was over USD 3.5 billion in 2015. This industry was mainly operating in the black market; however, with developments in the medical applications of the derivatives such as marijuana and hemp this market experienced significant growth over the past few years. Presently, the cannabis market is not a bare collaboration of the growers or producers of marijuana and hemp; it is rather a conglomerate of science and technology. The U.S. being the largest market in the region was valued over USD 3 billion and is anticipated to grow at a CAGR over 30% between 2016 and 2021.

North America Cannabis Market Competitive Analysis

A trend of volume-driven growth has been witnessed in the market of late with the development of different varieties of product types. The sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The industry players in the segment are efficiently utilizing their primary resources to initiate long lasting growth changes. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. Conversely, with companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented.

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North America Cannabis Market Updates:

Jan 2018 Tokyo Smoke merged with DOJA Cannabis Company Ltd., a Kelowna B.C.-based licensed producer, to create a new company, Hiku Brands Company Ltd., which was listed on the Canadian Securities Exchange recently. Tokyo Smoke of TS Brandco Holdings Inc had been attempting previously to manoeuvre into carefully cultivating a cannabis-centered lifestyle brand leading up to recreational legalization in the country.

Jan 2018 Canopy Ventures, the new investment arm of a Boulder-based cannabis accelerator is raising a new pool of cash to help early stage companies that have survived their startup pains grow to the next level. They are launching a $50 million venture fund that will focus on tech-based cannabis companies. The accelerator, since inception in 2015, has invested seed-stage capital in 73 companies, several of which have gone through its accelerator program. This new fund will help finance more mature, so-called growth stage companies.

Jan 2018 MedReleaf Corp announced recently that it has entered into an arrangement with Canaccord Genuity Corp. and GMP Securities L.P. to buy, on a bought deal basis 3,800,000 units of the company at a price of $26.50 per share for aggregate gross proceeds of $100.7 million. MedReleaf plans on using the net proceeds to fund the acquisition and/or construction of further cannabis production and manufacturing facilities in Canada as well as in other jurisdictions with federal legal markets.