Puratos announced the Taste Tomorrow trends for 2024 in bakery. Sourdough is among the year’s most wanted. According to the trend forecast, the hottest three trends shaping the bakery industry in 2024 are:
Market Studies
Consumers snack for a variety of reasons. This can range from being a substitute for a skipped meal, needing an energy boost, or for a moment of escapism and comfort. Bakery products are popular among consumers for snacking, with 63% of global consumers turning to biscuits and cookies as their preferred type of snack, according to Kate Kehoe, Marketing Executive, FMCG Gurus.
olam food ingredients (ofi) used Artificial Intelligence to predict a greater fusion of Eastern and Western flavors. The research used predictive analytics to scan online recipes, restaurant menus and e-commerce sites for budding trends before they hit the mainstream.
Bakery products are popular among consumers for snacking, with 63% of global consumers turning to biscuits and cookies as their preferred type of snack. This is due to biscuits and cookies often being associated with more real, authentic and nutritional ingredients, which in some cases, can contribute to an overall healthy diet.
In 2022, consumers bought around 262,915 tonnes of bread and baked goods from Swiss retailers. This corresponds to total sales of around CHF 2.4 billion. Retail sales of bread and baked goods decreased by 6,406 tons, as out-of-home consumption bounces back following the pandemic restrictions. Overall, the demand for bread and baked goods remained high, according to the Swiss Federal Office for Agriculture FOAG.
The global processed egg market was valued at USD 21.62 billion in 2021 and is expected to reach USD 28.35 billion by 2028, at a CAGR of 3.95%, according to data from Introspective Market Research.
Baker & Baker issued tips on how businesses can remain competitive despite current challenges. The report shows that it can no longer be business as usual for bakeries, food service operators and retailers, with only 1 in 5 consumers feeling their spending hasn’t changed because of the cost-of-living crisis.
Scientific results, new materials and innovations in mechanical engineering will be presented through the SAVE FOOD Initiative, as the trade show takes a stand against food waste.
Gira recently published the fourth edition of its European Bakery Companies Panorama, encompassing all the fundamental industry and market data on the European bakery chain. Gira’s research analyzes all the major developments in this globally mature market, with an assessment of their importance for the future.
The global biscuit market is forecast to grow at a rate of 5.90% between 2023 and 2030, when it could reach around USD 172.23 bn, according to research by Market Research Future (MRFR). The research identifies diversity among the market drivers.