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The global sourdough market size is anticipated to touch USD 3.5 billion by 2025, according to a new report by Million Insights. The market is estimated to ascend at a CAGR of 5.7% and is likely to see huge demand for bread over the next few years.
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Sourdough Market Size Worth $3.5 Billion By 2025 “The global sourdough market size is anticipated to touch USD 3.5 billion by 2025. The market is estimated to ascend at a CAGR of 5.7% and is likely to see huge demand for bread over the next few years.” The global sourdough market size is anticipated to touch USD 3.5 billion by 2025. The market is estimated to ascend at a CAGR of 5.7% and is likely to see huge demand for bread over the next few years. The bread segment held the largest market share and it is expected to continue its dominance over the forecast period. Factors such as nutritional values and the introduction of new flavors in the bread are bolstering the segment growth across the globe with European countries being the major consumers. The growing popularity of artisan bread in countries such as Germany and U.K is estimated to propel the market growth from 2019 to 2025. Growing demand for products that are gluten-free is attributing to the market growth. Health benefits are the major factors driving the demand for these products. The sourdough product eliminates the need for chemical and preservatives, thereby, attracts health-conscious consumers. Rising demand for artisan bakery across the world is positively affecting sourdough market growth. Asian countries such as China, Japan and India are among leading consumers of such products. Factors such as out-of-dining culture and the growing popularity of coffee are aiding to the market growth. Asia Pacific is estimated to ascend with a significant CAGR over the forecast period. For manufacturers, the region offers a lucrative opportunity as raw materials are readily available in Asia Pacific. Further, changing consumers’ preferences are positively affecting the players operating in the region. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-sourdough-market/request-sample
Further key findings from the report suggest: • Among different types, type III accounted for USD 1.1 billion of revenue in 2018. Further, the segment is projected to maintain its dominance by reclaiming 46.8% of the market share by 2025. • By application, the pizza segment is anticipated to grow at a CAGR of 6.5% over the forecast duration. • Europe accounted for 30.4% of the market share in 2018 owing to growing demand in countries such as U.K, Germany, Netherlands and France. • The market is characterized by high competition among several key players. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-sourdough-market Million Insights has segmented the global sourdough market on the basis of type, application, and region: Sourdough Type Outlook (Revenue, USD Million, 2014 - 2025) • Type I • Type II • Type III Sourdough Application Outlook (Revenue, USD Million, 2014 - 2025) • Breads • Cookies • Cakes
• Waffles • Pizza • Others Regional Outlook (Revenue, USD Million, 2014 - 2025) • North America • U.S. • Canada • Mexico • Europe • U.K. • Germany • France • Netherlands • Asia Pacific • China • India • Japan • Central & South America • Brazil • Middle East & Africa • UAE See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/food-and-beverage
Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184