The bread market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
The recovery process involves various phases including:
- Recognizing the existing business model
- Focusing on agile execution of proposed and approved changes.
- Assessing Impact on Critical IT infrastructure and Software System
Fetch Pandemic-Driven Insights on Bread Market
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Related Reports on Consumer Staples Include:
Global Muffins Market - Global muffins market is segmented by product (artisanal muffins and packaged muffins), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America).
Download Exclusive Free Sample Report
Global Bakery Market - Global bakery market is segmented by product (bread and rolls, cakes and pastries, cookies, and others) and geography (APAC, Europe, North America, South America, and MEA).
Download Exclusive Free Sample Report
Top 3 Bread Market Players
AGROFERT AS
The company offers various types of products such as gluten-free, stollen plait, sweet pastry, toast bread, wholegrain & multigrain pastry.
Angel Bakeries
The company offers various types of brands such as fresh-baked, pita, and pastries.
Associated British Foods Plc
The company offers bread under the brand name ryvita fibrefit.
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Bread Market 2021-2025: Segmentation
Bread market is segmented as below:
- Product
- Artisan Bread
- Packaged Bread
- Others
- Geography
- Europe
- North America
- APAC
- South America
- MEA
- Distribution channel
The bread market is driven by rising urbanization and changing consumer lifestyles. In addition, the rising prominence of in-store bakeries in supermarkets are expected to trigger the bread market toward witnessing a CAGR of over 6% during the forecast period.
Find more insights about the global trends impacting the future of the bread market,
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Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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