United States Bread Market to Register a CAGR of 3.95% During the Forecast Period
Increasing demand for bread made of ingredients such as
oats, multigrain, etc., and consumer awareness of healthy lifestyle to drive the United
States bread market in the forecast years.
According to
TechSci Research report, “United States Bread Market – By Region, Competition
Forecast & Opportunities, 2018-2028F,” the United States bread market
is anticipated to expand at an impressive CAGR of 3.95% over the projected
period due to the ease of using bread in various dishes and for
consumption, as well as the continuously expanding demand for bread. The
increase in product offerings with higher profits, population expansion, and
distribution efficiency by e-commerce websites all contribute to the market's
growth in the United States. The demand for various types of bread,
including whole wheat and multigrain, is likely going to expand continuously.
Over the years, in
the United States various forms of bread have been included in various meal, however
interest in low-carb diets has caused consumption to decline. Even so, the
trend seems to be turning as whole grain bread consumption is rising at the
expense of traditional white bread. In American grocery stores, consumers can
find sliced bread in a number of flavors, including white, low-sugar, fat-free,
seven-grain, whole wheat, multigrain, potato bread, rye, country rye, etc. Thus,
the demand for healthy bread is expected to increase during the coming years. Also,
in order to attract customers, bread bakeries are now focusing on
innovative breads such as organic bread, frozen bread and gluten-free
bread. Consumers are now choosing organic bread over inorganic bread in support
of healthier habits. Moreover, the growth of the food service industry, which
provides a variety of food produced from bread categories such sandwiches,
burgers, hot dogs, etc., has also contributed to the sector's expansion.
Consumers' busy
lifestyle has resulted in a significant change in their food consumption
patterns. Hence, the market for baked products such as bread is
continuously growing as convenience food demand rises. According to the American
Bakers Association, the US gross domestic product is made up of roughly 2.1
percent of bread items. This is a result of the nation's excessive bread
consumption. Moreover, the availability, affordability, and nutritional value
of bread are other major factors encouraging consumers to buy these
products.
Additionally,
consumers prefer products with a long shelf life, therefore companies are
concentrating on frozen breads as they can be kept for longer than fresh ones.
Also, due to the ease with which consumers may access services while shopping
for groceries online, the bread industry in the United States will grow during
the forecast period.
The
leading baking company in the business, Grupo Bimbo, which operates in 33
countries, includes Bimbo Bakeries USA. Bimbo Bakeries USA manufactures some of
the most well-known brands of bread, bagels, buns, English muffins, and sweet
baked goods. For years, Americans have experienced fresh, high-quality products
from Bimbo Bakeries USA at family barbecues, lunchboxes, and breakfast tables.
Browse over 32
market data Figures and 1 Table spread through 102 Pages and an in-depth TOC on
"United States Bread Market”
The United States
bread market is segmented in terms of type, ingredients, product type,
distribution channel, region, and company.
In terms of
product type, the United States bread market is segmented into sandwich slices,
bun, rolls, breadsticks, ciabatta, and others (loaves, brioche, baguette,
etc.). Among which, the sandwich slices product type has dominated the market
with a market share of around 31% in 2022 in value terms due to the ease of
availability, cost-effectiveness, portability, nutrition, and taste.
Also, the distribution
channel has been segmented into convenience store, specialty retailers,
supermarket/hypermarket, departmental stores, online, and others (wholesales,
direct sales, etc.). Among which, convenience stores have dominated the United
States bread market, also online channels have gained popularity during the
forecast period.
Key market
players in the United States bread market include:
- Bimbo Bakeries USA
- Flowers Foods, Inc.
- Campbell soup Company
- United States Bakery (Franz Family
Bakery)
- Perfection Bakeries LLC (Aunt Millie’s Bakeries)
- Aspire Bakeries LLC
- Pan-O-Gold Baking Company
- H&S Bakery Inc.
- New York Bakery Co
- Lewis Bakeries Inc.
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
“Due to the rise
in food service establishments, population growth, rising disposable income
levels, and expanded product ranges with healthier advantages, bread
demand is gradually expanding in the United States. Market leaders
are continuously developing products with healthy profits to satisfy
consumer demand for more advantageous effects than traditional ones, which is
anticipated to boost the United States bread market over the coming years.”
said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“United States Bread Market By Type (Fresh, Frozen),
By Ingredients (Inorganic, Organic), By
Product Type (Sandwich Slices, Bun, Rolls, Breadsticks, Ciabatta and Others (Loaves, Brioche, Baguette,
etc.), By Distribution Channel (Supermarket/Hypermarket,
Departmental Store, Convenience Store, Specialty Retailers, Online, Others (Wholesales,
Direct Sales, etc.)), By
Region, Competition Forecast & Opportunities, 2018-2031F,” has evaluated the future growth
potential of bread market in the United States and provides statistics and information on market structure,
size, share and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment decision.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in the United States bread
market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com