The global bakery and cereals market is predicted to value $364bn by 2012. This expansion is being driven by fast growth markets such as China and India. The European and North American markets are now highly mature and low growth, and bakery and cereals have reached a level of saturation in many markets. To counter both this and the high levels of private label saturation, bakery and cereals manufacturers are attempting to differentiate their brands, especially in growth areas such as healthy and convenient bakery products. Ownership of a niche segment or proprietary ingredients is a key way bakery and cereals manufacturers can add value to their products and increase their market share. ‘Innovation and Market Drivers in Bakery and Cereals: Fast growth markets and strategies for adding value’ is a management report published by Business Insights that analyzes key trends in the bakery and cereals market and forecasts future growth opportunities. This report provides a detailed examination of the bakery and cereals market by region, category and maturity to provide unique insights into the factors shaping the market now and in the future. Key HighlightsThe largest category in the bakery and cereals market is bread and rolls, which reached $171bn in 2008. The bread and rolls segment, showed the slowest rate of growth. The key emerging bakery and cereals markets are China, Russia, Brazi, Mexico, Saudi Arabia, South Africa, Indonesia, Columbia, Chile and India. In the US, the number of people aged 65 and over is projected to increase from 39m in 2010 to 69m in 2030. About 20% of the total population will be over 65 in 2030, compared to about 13% currently. Personalized products have experienced a large growth since 2006. These products correspond to the individual taste of consumers incorporating their nutritional needs and personality.Use this report to...Improve the targeting and effectiveness of your NPD strategy using this report’s analysis of product launch data of 18,000 bakery and cereals products launched globally between 2005-2008. Predict future growth areas in bakery and cereals using this report's forecasts to 2012 of market values and volumes by category and sub-category. Gain insight into future opportunities in the bakery and cereals market and examine the most innovative product launches and potential areas of opportunity for manufacturers. Identify key trends that are shaping the bakery and cereals market, and examine the key drivers for the market to 2012 detailing key trends in demographics, Key issues...Impact of changing population profiles. The older population (aged 65 and over) provides a key opportunity for bakery and cereals manufacturers to address products which directly target the nutrient needs of older needs, as this population is increasing rapidly. Increase in Private Label products. The increase of private label in bakery and cereal products has increased the pressure for manufacturers to differentiate their brands, especially in growth areas such as healthy and convenient bakery products. NPD in bakery and cereals market. This market is still being dominated by health concerns, including increasing diabetes and obesity rates, particularly among children. The health trend is overlapping both indulgence and convenience trends as consumers drive innovation in healthy indulgent and healthy convenient products. The growth of Premiumization. In mature markets, where artisanal bakery takes a very low share, there is significant activity in very premium artisanal bakery - as more affluent consumers turn away from industrially produced bread and purchase high end bread as a treat, fostering a new wave of premiumization in in-store bakery as it tries to compete. Your questions answered...How can bakery and cereals manufacturers minimize the threat of private label brands' What were the most innovative new bakery and cereals products launched in the last year'How are leading
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Innovation and Market Drivers in Bakery and Cereals: Fast growth markets and strategies for adding value
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Innovation and Market Drivers in Bakery and Cereals: Fast growth
markets and strategies for adding value
Published on May 2009
Report Summary
The global bakery and cereals market is predicted to value $364bn by 2012. This expansion is being driven by fast growth markets
such as China and India. The European and North American markets are now highly mature and low growth, and bakery and cereals
have reached a level of saturation in many markets. To counter both this and the high levels of private label saturation, bakery and
cereals manufacturers are attempting to differentiate their brands, especially in growth areas such as healthy and convenient bakery
products. Ownership of a niche segment or proprietary ingredients is a key way bakery and cereals manufacturers can add value to
their products and increase their market share.
‘Innovation and Market Drivers in Bakery and Cereals: Fast growth markets and strategies for adding value’ is a
management report published by Business Insights that analyzes key trends in the bakery and cereals market and forecasts future
growth opportunities. This report provides a detailed examination of the bakery and cereals market by region, category and maturity to
provide unique insights into the factors shaping the market now and in the future.
Key Highlights
The largest category in the bakery and cereals market is bread and rolls, which reached $171bn in 2008. The bread and rolls
segment, showed the slowest rate of growth.
The key emerging bakery and cereals markets are China, Russia, Brazi, Mexico, Saudi Arabia, South Africa, Indonesia, Columbia,
Chile and India.
In the US, the number of people aged 65 and over is projected to increase from 39m in 2010 to 69m in 2030. About 20% of the total
population will be over 65 in 2030, compared to about 13% currently.
Personalized products have experienced a large growth since 2006. These products correspond to the individual taste of consumers
incorporating their nutritional needs and personality.
Use this report to...Improve the targeting and effectiveness of your NPD strategy using this report’s analysis of product launch
data of 18,000 bakery and cereals products launched globally between 2005-2008. Predict future growth areas in bakery and cereals
using this report's forecasts to 2012 of market values and volumes by category and sub-category. Gain insight into future
opportunities in the bakery and cereals market and examine the most innovative product launches and potential areas of opportunity
for manufacturers. Identify key trends that are shaping the bakery and cereals market, and examine the key drivers for the market to
2012 detailing key trends in demographics, Key issues...
Impact of changing population profiles. The older population (aged 65 and over) provides a key opportunity for bakery and cereals
manufacturers to address products which directly target the nutrient needs of older needs, as this population is increasing rapidly.
Increase in Private Label products.
The increase of private label in bakery and cereal products has increased the pressure for manufacturers to differentiate their brands,
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