Asia-Pacific Baked Food and Cereals Market Analysis 2021-2026:
The Asia-Pacific Baked Food and Cereals Market are estimated to develop with a compound annual growth rate of 6.69% throughout the forecast period (2021-2026).
Baked foods and grains, which form an important part of the daily diet, meet the demand for functional foods. New baked goods and low carb, fiber, multigrain, and fortified grains that appeal to health-conscious consumers have fueled the growth of the market. The main factors affecting the market are changes in the consumption pattern of baked goods and grains and the trend towards healthier products. The growing adoption of the Western lifestyle and the increased preference for nutritional baked goods and grains are driving sales in the market.
Recent Developments
Market Drivers and Restraints:
Busy hours and the increasing number of women entering formal employment have made the specialty frozen bakery segment more popular. Growing consumer health issues have provided a great opportunity for specialty baked goods to incorporate functional bakery ingredients like oats, legumes, probiotics, grains, and fortified margarine to capture a broad base from consumers. These evolving factors have led to an increasing number of specialized bakeries around the world. Consumer demand for ready meals is evolving, in line with several dynamic consumer demands. The increasing popularity of take-away and take-away products also makes Asia Pacific a potential market for baked snacks. The expansion of distribution channels and the tendency of consumers to buy commercially, particularly in the emerging markets of Asia Pacific, are other important factors driving the market. The rapid expansion of artisan bakeries in recent years has led consumers to prefer fresh baked goods such as cakes and breads.
Market Segmentation
The Asia-Pacific Baked Food and Cereals market can be divided based on distribution channel and type. Depending on the type, it can be divided into Cakes and Pastries, Morning Goods, Biscuits and Cookies, Breakfast Cereals, and Bread. Depending on the Distribution Channel, it can be divided into Online Retail, Convenience Stores, Specialist Stores, Supermarket/Hypermarket, and others.
Impact of Covid-19 on Asia-pacific Baked Food and Cereals Market
The cloud kitchen and restaurant food delivery business continues to exist, although there is a drastic drop in sales. This is just the ray of hope for the F&B media in the wake of this pandemic. The food delivery option serves as a way to respond to customers on a limited scale, with the adoption of contactless delivery, a term that emerged after the outbreak of the Covid-19 pandemic. Only a few outlets offer the delivery option, especially in red areas like Mumbai, keeping in mind the health and safety of their staff and clients associated with logistical constraints. Moving forward, the delivery activity should be part of the business model of all food and beverage outlets and be a source of income to improve the chances of returning the business to a commercially viable and sustainable model. Establishments go to great lengths to prepare for touchless dining (as well as a touchless dining experience in real terms). Efforts on the technology front with the use of QR codes, non-human interference except for serving food at the table, higher levels of hygiene for both staff and customers will become a reality in the operating world post-Covid for hotel companies. Hotels and restaurants are already updating their SOPs to include new global health, safety, sanitation and contactless aspects for their post-COVID operations.
Regional Analysis:
The Asia-Pacific Baked Food and Cereals market has been categorized by geography into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. The robust economic growth that China has witnessed over the past decade has led to increased wealth, urbanization, and the increasing influence of Western culture, all of which have collectively contributed to the aggregate demand for bakery products. Chinese consumers are known to prefer sweet cakes, pies and tarts, and their preference for bread and rolls is comparatively lower than that of Western consumers.
Leading Company
Grupo Bimbo had the largest share of the Asia-pacific Baked Food and Cereals Market in terms of sales revenue in 2019.
Key Players
Key players in the Asia-pacific Baked Food and Cereals Market include Nestle SA, Grupo Bimbo, The Garden Company Limited, Campbells Soup Company, Kellogg’s and others.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Baked Food and Cereals Market, By Type
6.1.1 Cakes and Pastries
6.1.2 Morning Goods
6.1.3 Biscuits and Cookies
6.1.4 Breakfast Cereals
6.1.5 Bread
6.1.6 Market Size Estimations & Forecasts (2019-2024)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Baked Food and Cereals Market, By Distribution Channel
6.2.1 Online Retail
6.2.2 Convenience Stores
6.2.3 Specialist Stores
6.2.4 Supermarket/Hypermarket
6.2.5 Market Size Estimations & Forecasts (2019-2024)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 Asia Pacific
7.2.1 By Country
7.2.1.1 China
7.2.1.2 India
7.2.1.3 Japan
7.2.1.4 South Korea
7.2.1.5 South East Asia
7.2.1.6 Australia & NZ
7.2.1.7 Rest of Asia-Pacific
7.2.2 By Type
7.2.3 By Distribution Channel
8. Key Player Analysis
8.1 Nestle SA
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Grupo Bimbo
8.3 The Garden Company Limited
8.4 Campbells Soup Company
8.5 Kellogg’s
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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