Brazil, Argentina & Chile witnessing with strongest growth in the South America
Posted by venkateshiarc on August 27th, 2018
According to the Report “South America Bakery Market: By Type (Baked Goods, Biscuits and Breakfast Cereals); By Category (Fresh and Frozen); By Distribution Channels (Retailers, Artisan Bakers and Catering); ByForecast-(2018-2023),” published by IndustryARC, the market is driven by larger distribution network and popularity of flavored baked foods.
The South America Bakery Market is in the growth stage of its life cycle. The bakery industry has overtook the wider food service segment over the past decade and has spurred over the past five years. Bakery Industry profitability will improve at an average rate over the next years as the cost of primary ingredients stabilizes.
Brazil, Argentina and Chile witnessing with strongest growth in the South America Bakery Market
With a market share of 40%, the European region is the largest market concerning in bakery products consumption market. The survey on individual regions states that South America is currently growing in the market, the countries such as Brazil, Argentina and Chile are the most attractive entry markets. The growing population is a vital reason behind the huge adoption of bakery products in the countries mentioned above. The multiple channels and the popularity of various flavoured baked foods are expected to help the market grow at a good pace. The products launch and acquirements with small players have been strong business strategies in these regions.
With regard to product type the bakery market is classified into baked goods, breakfast cereals, and biscuits. Baked goods are further classified into breads and rolls, basked deserts, pastries and pizzas, where the bread rolls have occupied the largest share for around 45% of the demand. Morning goods otherwise known as breakfast cereals are the followed market continuing to grow at an average pace. The distribution channel is divided into catering and industrial, retail and artisan bakers. The retail segment is divided into convenience stores, in-stores bakeries and supermarkets & hypermarkets. The finding say retail market accounted for the maximum share in 2017, and is estimated to continue throughout the forecasting period.
Excerpts on Market Growth Factors
Low fats, organic baked and multigrain products are the innovative product changes that are expected to deliver wide range of products to drive the whole food industry.
Fabrica Nacional de Grasas S.A., General Mills Inc., Europastry, S.A., Grupo Bimbo S.A.B. De C.V., Aryzta AG, Kellogg Company are the companies analyzed to the leading player in the South America Bakery Market. These companies hold significant share in the industry, where as the rest of the market shares are held by the regional and local manufacturers. General Mills Inc., is known for its innovative products and brands like Pillsbury, Betty Crocker, Green Giant, Nature Valley, and Haagen-Dazs. Grupo Bimbo is an important player in snacks having strong acquisitions with brands like The Rusktik Bakery, Tia Rosa, Sanissimo, Little Bites, Marinela and Oroweat. The rapid expansion and introduction of new bakery products and strategic acquisitions will complete the ideal sales equations.
The South America Bakery Market report is segmented as below:
A. South America Bakery Market: By Type
I. Baked Desserts
2. Breakfast Cereals
I. Hot Cereals
I. Savory Biscuits & Crackers
B. South America Bakery Market – By Category
1. Fresh Bakery Products
C. South America Bakery Market: By Distribution Channel
2. Artisan Bakers
D. South America Bakery Market by Geography (covers 10+ countries)
What can you expect from the report?
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
Does IndustryARC publish country or application based reports in South America Bakery Market segment?
1. South America Bakery Market (2018–2023)
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