The global market for frozen pizza will reach USD 27.4 billion by 2030, new research from Research And Markets shows. The segment was worth USD 20.4 billion in 2023 and is projected to grow at a CAGR of 4.3% until 2030, the researcher concludes in the report.
With rising prices having become a major concern for consumers, the bakery industry faces the challenge of offering products that not only meet consumers’ expectations but also provide good value for money.
The global clean-label ingredients market is projected to reach USD 80.69 billion by 2030, at a CAGR of 6.9% from 2023 to 2030, according to a study published by Meticulous Research. Growing consumer preferences for organic and natural ingredients, increasing focus on health and wellness, growing health concerns associated with artificial ingredients, growing consumer demand for clean label meat alternatives, and rise of E-commerce and online grocery shopping are some of the factors driving the growth of the clean label ingredients market.
Consumer consciousness regarding food waste grew to 72% in the past two years. It is one of the population’s main concerns, together with rising food prices, supply chain challenges and the pandemic, with an impact on their behavior.
Despite best intentions regarding sustainability and the environment, the purchasing decision about F&B brands to purchase is ultimately led by price, with fast-rising inflation and the worst cost of living crisis in a century, research finds.
Puratos has been guiding its strategy in line with the findings of its ‘Taste Tomorrow’ study, an extensive consumer research program undertaken every two years.
Technavio anticipates a CAGR of 2.99% for the industrial bakery oven market worldwide by 2025, a growth of USD 267.98 m, a study shows. The research outlined a fragmented market, a trend expected to continue over the next three years.
While pizza restaurants are hard at work to regain their footing, pizza brands are riding the innovation wave.
The VDB Association of Baking Technology Austria commissioned market researchers GfK AT to conduct a survey on how the COVID-19 pandemic is changing the baked goods market.
No matter how long and intense the COVID crisis is, business with consumers will never be quite the same again.
Today, the Millennials Generation in the Netherlands already spends more on out-of-home eating than all the older generations added together. Collectively, according to the FoodService Instituut, in ten years’ time the Millennials Generation and the Generation Z are expected to account for 65% of spending on out-of-home eating.
Head of Lifestyle Research Alison Angus, and Gina Westbrook, Director of Consumer Trends at the market research company Euromonitor, have jointly authored a study of the ten most important global trends.
