Processed egg market soars
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.
Category: Market Studies
Baker & Baker issues business tips during cost-of-living crisis
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.
interpack 2023: SAVE FOOD Initiative returns
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.
Europeans return to bakery favorites
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.
Biscuit market to surpass USD 172.3 bn by 2030
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.
Mintel: salty snacks for comfort
While the salty snack market continues to grow, it is feeling some effects from tightened budgets. Mintel research shows those who report their financial situations as struggling/in trouble are most likely (34%) to have decreased year-over-year salty snack consumption.
Cost of living affects sweet bakery consumption
Bakeries, foodservice operators and retailers feel the impact of the increase in the cost of living, Baker & Baker’s second Bakery Bites report finds.
Mondelez: Snacking prevails over market disruptions
The fourth annual State of Snacking report published by Mondelez highlights the expanded role of snacking, as it increasingly replaces traditional meals in consumers’ lives.
Consumers seek authentic automation: 2023 trends
Euromonitor International released its Top 10 Global Consumer Trends 2023 report, revealing the top 10 key trends. The report highlights that consumers are spending responsibly but emotionally, the role of digitization in purchasing processes, female equality demands, and a disruptive Gen Z, are some of the factors that will define global consumer trends in 2023.
Vegan cookie market on the rise
The UK, the US, Germany and Japan are expected to emerge as major manufacturers as a result of the rising demand for vegan cookies at a compound annual growth rate of 8.9%, according to a study by Future Market Insights (FMI).
Cost and comfort: 2023 F&B trends
The cost of living, inflation, energy prices and climate change/sustainability concerns are set to shape the food and drink trends in 2023, according to research conducted by Campden BRI in partnership with The Food People.
Europe: bakery products market on the rise
Europe’s bakery market is estimated to grow by USD 41.49 million from 2021 to 2026 at a CAGR of 3.28% according to Technavio. The rising prominence of in-store bakeries in supermarkets notably drives this growth, the researchers find.
