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Fortified Bakery Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Mar 2022
  • Pages: 129
  • SKU: IRTNTR72986
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The fortified bakery market share is expected to increase by USD 1.52 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.57%.

This fortified bakery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers fortified bakery market segmentation by application (cake, biscuits, bread, pastries, and others) and geography (North America, Europe, APAC, South America, Middle East and Africa, and ). The fortified bakery market report also offers information on several market vendors, including Associated British Foods plc, Allied Bakeries, Britannia Industries Ltd., CRUST- a baking co., Dawn Food Products Inc., H and S Bakery Inc., Modern Food Enterprises Pvt. Ltd., Irish Pride Fine Foods, Parle Products Pvt. Ltd., Super Bakery Inc., SURYA FOOD and AGRO LTD., Flowers Foods Inc., Mars Inc., The Hershey Co., Grupo Bimbo SAB de CV, Nestle SA, Archer Daniels Midland Co., Koninklijke DSM NV, Bunge Ltd., Conagra Brands Inc., King Milling Co., Chelsea Milling Co., and Prestige Group among others.

What will the Fortified Bakery Market Size be During the Forecast Period?

Fortified Bakery Market Size

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Fortified Bakery Market: Key Drivers, Trends, and Challenges

The rising awareness regarding good health is notably driving the fortified bakery market growth, although factors such as stringent government regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the fortified bakery industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Fortified Bakery Market Driver

One of the key factors driving the global fortified bakery market growth is the rising awareness regarding good health. The ever-increasing population, growth in the female working population, and the changing eating behavior have contributed significantly to the growth of the bakery industry. In addition, the availability of different varieties of bakery products such as gluten-free, organic, sugar-free, low-calorie, and added nutrients has attracted a large number of the population toward fortified bakery products due to their various health benefits. Moreover, rising awareness of weight management has increased the sales of gluten-free and low-calorie bakery products. Thus, such factors will drive the growth of the market during the forecast period.

Key Fortified Bakery Market Trend

Rising consumption of vitamin-infused bakery products is one of the key fortified bakery market trends that is expected to impact the industry positively in the forecast period. This is attributed to the rising health consciousness among consumers and the increasing prevalence of vitamin deficiencies that can cause health disorders, such as anemia, scurvy, beriberi, and pellagra. In addition, studies have mentioned that these are not simply diseases caused by deficiencies but are conditions present even in a relatively well-nourished society. Furthermore, the frequent launches of newly formulated fortified bakery products such as cakes and biscuits with added vitamins and other nutrients have driven the growth of the market. For instance, in 2021, Britannia Industries Ltd. launched an Iron & Folic Acid-based fortified biscuit that delivers 50%-75% recommended dietary allowance (RDA) of these nutrients, especially for adolescent girls and women. Thus, the market is expected to grow in the coming years.

Key Fortified Bakery Market Challenge

One of the key challenges to the global fortified bakery market growth is the stringent government regulations in countries, such as the US, India, and the UK. For instance, in 2018 Food Safety and Standards Authority of India (FSSAI) notified fortification standards for five staples, i.e., salt, vegetable oil and milk (fortified with vitamin A & D), flours, and the optional addition of- zinc, vitamin B1, B2, B3, and B6 single or in combination. Furthermore, in January 2021, FSSAI proposed mandates on fortifying edible oil and milk with vitamin A and D. Globally, several countries such as Nicaragua, Costa Rica, Panama, the Philippines, Solomon Islands, Papua New Guinea, and the USA have already mandated rice fortification. Thus, the continuous introduction of new regulations and amendments will hinder the growth of the market during the forecast period.

This fortified bakery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global fortified bakery market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the fortified bakery market during the forecast period.

Who are the Major Fortified Bakery Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Associated British Foods plc
  • Allied Bakeries 
  • Britannia Industries Ltd.
  • CRUST- a baking co.
  • Dawn Food Products Inc.
  • H and S Bakery Inc.
  • Modern Food Enterprises Pvt. Ltd.
  • Irish Pride Fine Foods
  • Parle Products Pvt. Ltd.
  • Super Bakery Inc.
  • SURYA FOOD and AGRO LTD.
  • Flowers Foods Inc.
  • Mars Inc.
  • The Hershey Co.
  • Grupo Bimbo SAB de CV
  • Nestle SA
  • Archer Daniels Midland Co.
  • Koninklijke DSM NV
  • Bunge Ltd.
  • Conagra Brands Inc.
  • King Milling Co.
  • Chelsea Milling Co.
  • Prestige Group

 

This statistical study of the fortified bakery market encompasses successful business strategies deployed by the key vendors. The fortified bakery market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.

Product Insights and News

  • Allied Bakeries - The company offers a fortified bakery that includes delicious rolls, pancakes, crumpets, muffins, hot cross buns, wraps, and other delicious bakery products 
  • Associated British Foods plc - The company offers a fortified bakery that includes specialty ingredients, offering innovative, differentiated and value-added products to the food, nutrition, pharmaceutical, animal feed, and industrial sectors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The fortified bakery market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Fortified Bakery Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the fortified bakery market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Fortified Bakery Market?

Fortified Bakery Market Market segmentation by region

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35% of the market's growth will originate from North America during the forecast period. The US is the key market for fortified bakeries in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increase in health consciousness among consumers and support provided by government organizations will facilitate the fortified bakery market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 adversely affected the economies of various countries in North America, especially the US. The increase in the number of deaths from COVID-19 compelled governments of various North American countries, including the US, Canada, and Mexico, to implement a nationwide lockdown to control the spread of the disease. This negatively impacted the production and supply of fortified bakery products in North America. However, the region is gradually resuming its economic activities with the initiation of large-scale vaccination drives, which is further supporting the growth of the regional economy. Such factors are expected to increase the demand for fortified bakery products, which, in turn, will drive the growth of the regional market during the forecast period.

What are the Revenue-generating Application Segments in the Fortified Bakery Market?

Fortified Bakery Market Segmentation

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The fortified bakery market share growth by the cake segment will be significant during the forecast period. The growth is attributed to the growing working population across the world, coupled with the increasing demand for on-the-go food such as cupcakes, muffins, and sweet pies. Furthermore, the launch of new products with added flavors and nutrients to meet the growing demand of the consumers will further support the growth of the market during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the fortified bakery market size and actionable market insights on post COVID-19 impact on each segment.

 

Fortified Bakery Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.57%

Market growth 2022-2026

$ 1.52 billion

Market structure

Fragmented

YoY growth (%)

5.37

Regional analysis

North America, Europe, APAC, South America, Middle East and Africa, and

Performing market contribution

North America at 35%

Key consumer countries

US, China, Japan, Germany, and Brazil

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Associated British Foods plc, Allied Bakeries, Britannia Industries Ltd., CRUST- a baking co., Dawn Food Products Inc., H and S Bakery Inc., Modern Food Enterprises Pvt. Ltd., Irish Pride Fine Foods, Parle Products Pvt. Ltd., Super Bakery Inc., SURYA FOOD and AGRO LTD., Flowers Foods Inc., Mars Inc., The Hershey Co., Grupo Bimbo SAB de CV, Nestle SA, Archer Daniels Midland Co., Koninklijke DSM NV, Bunge Ltd., Conagra Brands Inc., King Milling Co., Chelsea Milling Co., and Prestige Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Fortified Bakery Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive fortified bakery market growth during the next five years
  • Precise estimation of the fortified bakery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the fortified bakery industry across North America, Europe, APAC, South America, Middle East and Africa, and
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of fortified bakery market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Cake - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Cake - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Cake - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Cake - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Cake - Year-over-year growth 2021-2026 (%)
    • 5.4 Biscuits - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Biscuits - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Biscuits - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Biscuits - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Biscuits - Year-over-year growth 2021-2026 (%)
    • 5.5 Bread - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Bread - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Bread - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Bread - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Bread - Year-over-year growth 2021-2026 (%)
    • 5.6 Pastries - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Pastries - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Pastries - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Pastries - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Pastries - Year-over-year growth 2021-2026 (%)
    • 5.7 Others - Market size and forecast 2021-2026
      • Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.8 Market opportunity by Application
      • Exhibit 48: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 50: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 52: Chart on Geographic comparison
      • Exhibit 53: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 Brazil - Market size and forecast 2021-2026
      • Exhibit 90: Chart on Brazil - Market size and forecast 2021-2026 ($ million)
      • Exhibit 91: Data Table on Brazil - Market size and forecast 2021-2026 ($ million)
      • Exhibit 92: Chart on Brazil - Year-over-year growth 2021-2026 (%)
      • Exhibit 93: Data Table on Brazil - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 94: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 95: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 97: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 98: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 99: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 100: Matrix on vendor position and classification
            • 10.3 Allied Bakeries
              • Exhibit 101: Allied Bakeries  - Overview
              • Exhibit 102: Allied Bakeries  - Product / Service
              • Exhibit 103: Allied Bakeries  - Key offerings
            • 10.4 Associated British Foods plc
              • Exhibit 104: Associated British Foods plc - Overview
              • Exhibit 105: Associated British Foods plc - Business segments
              • Exhibit 106: Associated British Foods plc - Key offerings
              • Exhibit 107: Associated British Foods plc - Segment focus
            • 10.5 Britannia Industries Ltd.
              • Exhibit 108: Britannia Industries Ltd. - Overview
              • Exhibit 109: Britannia Industries Ltd. - Product / Service
              • Exhibit 110: Britannia Industries Ltd. - Key offerings
            • 10.6 CRUST- a baking co.
              • Exhibit 111: CRUST- a baking co. - Overview
              • Exhibit 112: CRUST- a baking co. - Product / Service
              • Exhibit 113: CRUST- a baking co. - Key offerings
            • 10.7 Dawn Food Products Inc.
              • Exhibit 114: Dawn Food Products Inc. - Overview
              • Exhibit 115: Dawn Food Products Inc. - Product / Service
              • Exhibit 116: Dawn Food Products Inc. - Key offerings
            • 10.8 H and S Bakery Inc.
              • Exhibit 117: H and S Bakery Inc. - Overview
              • Exhibit 118: H and S Bakery Inc. - Product / Service
              • Exhibit 119: H and S Bakery Inc. - Key offerings
            • 10.9 Irish Pride Fine Foods
              • Exhibit 120: Irish Pride Fine Foods - Overview
              • Exhibit 121: Irish Pride Fine Foods - Product / Service
              • Exhibit 122: Irish Pride Fine Foods - Key offerings
            • 10.10 Modern Food Enterprises Pvt. Ltd.
              • Exhibit 123: Modern Food Enterprises Pvt. Ltd. - Overview
              • Exhibit 124: Modern Food Enterprises Pvt. Ltd. - Product / Service
              • Exhibit 125: Modern Food Enterprises Pvt. Ltd. - Key offerings
            • 10.11 Parle Products Pvt. Ltd.
              • Exhibit 126: Parle Products Pvt. Ltd. - Overview
              • Exhibit 127: Parle Products Pvt. Ltd. - Product / Service
              • Exhibit 128: Parle Products Pvt. Ltd. - Key offerings
            • 10.12 Super Bakery Inc.
              • Exhibit 129: Super Bakery Inc. - Overview
              • Exhibit 130: Super Bakery Inc. - Product / Service
              • Exhibit 131: Super Bakery Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Fortified Bakery market growth will increase by $1522.85 million during 2022-2026.
              The fortified bakery market is expected to grow at a CAGR of 5.57% during 2022-2026.
              Technavio has segmented the fortified bakery market by application (Cake, Biscuits, Bread, and Pastries) and geography (North America, Europe, APAC, and South America).
              Associated British Foods plc, Allied Bakeries?á, Britannia Industries Ltd., CRUST- a baking co., Dawn Food Products Inc., H and S Bakery Inc., Modern Food Enterprises Pvt. Ltd., Irish Pride Fine Foods, Parle Products Pvt. Ltd., Super Bakery Inc., SURYA FOOD and AGRO LTD., Flowers Foods Inc., Mars Inc., The Hershey Co., Grupo Bimbo SAB de CV, Nestle SA, Archer Daniels Midland Co., Koninklijke DSM NV, Bunge Ltd., Conagra Brands Inc., King Milling Co., Chelsea Milling Co., Prestige Group are a few of the key vendors in the fortified bakery market.
              North America will register the highest growth rate of 34.55% among the other regions. Therefore, the fortified bakery market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the fortified bakery market growth are:
              • Rising awareness regarding good health
              • Rising consumption of vitamin-infused bakery product
              The fortified bakery market vendors should focus on grabbing business opportunities from the cake segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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