Globally, the Bakery Contract Manufacturing Market is expected to expand at a significant CAGR over the next few years due to its growing scope and applications. Key factors such as growing demand for baked food, increasing adoption of veganism, and rising awareness about importance of a healthy diet are expected to drive global market growth during the forecast period.
Contract manufacturing is by far one of the most used forms of manufacturing used by many companies worldwide across various sectors. It makes product manufacturing possible for companies that lack full-service and in-house manufacturing teams. Contract manufacturing is widely used in bakery industry owing to rising consumer demand for healthy, high-fiber, gluten-free products, baked goods and high focus on personalized and unique products. Bakery contract manufacturing uses consumers’ formulas and follows processing methods agreed upon by consumers and manufacturers. One of the key advantages of bakery contract manufacturing includes absence of brand-building expenses, minimal investment risks, and stable revenue. Food companies are rapidly expanding because of value-added services such as packaging, research, consulting, and warehousing provided by food contract manufacturers.
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Factors such as high focus on improving the effectiveness and output of contract bakers, rising number of product launches, increasing middle-class population, and rising disposable income are expected to drive global market growth going ahead.
However, rising prices of input materials in baked goods, low awareness about bakery contract manufacturing, unrealistic timelines, supply chain issues, and lack of knowledge about certain production techniques are key factors expected to hamper overall market growth during the forecast period.
Custom Formulation and R&D Segment to Account for Largest Revenue Share:
The custom formulation and R&D segment is expected to account for largest revenue share during the forecast period. Factors such as rising prevalence of lifestyle-associated diseases, increasing demand for baked food, high fiber, and gluten-free food, growing awareness about benefits of a healthy lifestyle, and increasing adoption of bakery contract manufacturing services are expected to drive segment revenue growth during the forecast period.
Large Enterprises Segment To Register Rapid Revenue CAGR:
The large enterprises segment is expected to register rapid revenue CAGR between 2022 and 2028. Large enterprises are steadily adopting contract manufacturing due to no large investment in infrastructure, no commitment for labor or workforce, easy exit, and no legal compliances.
North America to Lead In Terms of Revenue Share:
North America is expected to lead in terms of revenue share over the forecast period owing to increasing demand for processed food, rapid advancements in bakery industry, changing food patterns among millennials, high consumer spending, rising health-conscious population across the region, and high focus on improving effectiveness and output of contract bakers.
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Bakery Contract Manufacturing Market By Company:
De Banketgroep B.V
HACO Holding AG
PacMoore Products, Inc.
Blackfrairs Bakery
Southern Bakeries, LLC
Cibus Nexum
Hearthside Food Solutions LLC
Perfection Foods
Richmond Baking
Oakhouse Bakery
Adventure Bakery LLC
Michel’s Bakery, Inc.
Bake Works, Inc.
Stephano Group Ltd.
Tradition Fine Foods Ltd.
The global bakery contract manufacturing market has been segmented based on type, application, and region:
Bakery Contract Manufacturing Market Segment by Type:
Manufacturing
Packaging
Custom Formulation and R&D
Bakery Contract Manufacturing Market Segment by Application:
SMEs
Large Enterprises
Bakery Contract Manufacturing Market Segment by Region:
North America (USA, Canada)
Europe (Germany, France, UK, Italy, Russia, Nordic Countries)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, Australia, Rest of Asia)
Latin America (Mexico, Brazil, Rest of Latin America)
Middle East & Africa (Turkey, Saudi Arabia, U.A.E, Rest of MEA)
Key Reasons to Purchase:
Estimates 2023 to 2028 bakery contract manufacturing market current market trends and development trends
Market dynamics along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the bakery contract manufacturing market
Competitive landscape involving market share of the major players, new strategies and projects adopted by players in the last five years
Comprehensive company profiles covering product offerings, key financial information, SWOT analysis and strategies employed by major market players
Brief about impact of COVID-19 on the global bakery contract manufacturing market
Key Questions Addressed:
What revenue CAGR is the global market expected to register during the forecast period?
Which key players are leading in the global bakery contract manufacturing market?
What is the expected market size of the global bakery contract manufacturing market between 2023 and 2028?
What factors are expected to open new growth avenues and opportunities for existing and emerging market players?
What are some of the key challenges that the global market is expected to face during the forecast period?
Which region is expected to account for largest revenue share over the forecast period?
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