COVID-19 impact: Bakery Product in Food and Beverage Industry 2020
Due to lockdown, during the start of 2020, sales of non-edible products such as disinfectants, toilet paper, paper goods, and hand sanitizer were high in demand and the sales of edible products such as bakery, meat products, and many others were up to the mark as the supply of bakery was insufficient as many of the bakers have shut operations due to shortage of labors. Along with this, disruption in logistics facilities due to the lockdown has created more issues in the market as consumers were not getting products as per their requirement which ultimately affected the market. Another factor that has created an impact on the market is the lack of raw material availability due to which production of products was not proper. Due to these issues, smaller bakers in the unorganized segment are the worst affected, as stated by Mago, who is also a president of the All India Bread Manufacturers Association.
But as the time passed, government started allowing reopening of the shops, the demand for the bakery products took hike especially bread and others as these are the essential products which are used in daily diet, majorly as breakfast and evening snacks. Therefore, the demand from house hold sector for bakery products has increased on the other hand the food services sector has faced decline in the market for bakery products that were considered to be one of the demanding products in food service sector.
This coronavirus pandemic has increased the demand for bakery products in household sector as it has brought inner bakers in people. Due to this, bread and cookies demand is increasing.
Request for Report Sample: https://www.databridgemarketresearch.com/covid-19-resources/covid-19-impact-on-bakery-products-in-the-food-and-beverage-industry
Gluten-free Bakery Products Market
Gluten-free products are gaining considerable traction across the globe. Increasing food allergies and food intolerance is creating a demand for products that are tailored to meet special needs and dietary preferences of the consumers. People especially suffering from celiac diseases are shifting their preferences towards gluten-free products. Even those who do not have an intolerance towards gluten are switching to gluten-free products due to health and dietary reasons, as increasing food allergies, digestive health, use of genetically-modified grain etc. are becoming mainstream. In order to cater to the growing demand, several major gluten-free bakery products manufacturers are launching and offering new product variants to the consumers.
Global Bakery Processing Equipment Market
Bakery processing equipment is used for producing the bakery products like cakes, pastries, breads, cookies, pizza, biscuits, donuts and other products. Different types of equipment are used for the production process of various bakeries for different processes like mixing, cooling, baking, enrobing, moulding, extrusion and others. Bakery Technology Equipment, LLC offers FORMABAR product is a whole bar making line which consists of every component required in the process of making the highest quality bars as quickly, cost-effectively and efficiently as possible.
Global bakery processing equipment market is projected to register a healthy CAGR of 5.7% in the forecast period 2019 to 2026.
Global Nutritional Analysis for Bakery Products Market
Global Nutritional Analysis for Bakery Products Market By Parameter (Vitamin Profile, Mineral Profile, Mineral Profile, Fat Profile, Moisture, Proteins, Total Dietary Fiber, Sugar Profile, Cholesterol, Calories), Objective (Product Labelling, New Product Development, Regulation Compliance), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa), Industry Trends and Forecast to 2027.
The key questions answered in this report:
· What will be the Market Size and Growth Rate in the forecast year?
· What are the Key Factors driving Bakery Ingredients Market?
· What are the Risks and Challenges in front of the market?
· Who are the Key Vendors in Bakery Ingredients Market?
· What are the Trending Factors influencing the market shares?
· What are the Key Outcomes of Porter’s five forces model?
· Which are the Global Opportunities for Expanding the Bakery Ingredients Market?
Regional analysis covers:
1.North America (USA, Canada and Mexico)
2.Europe (Germany, France, UK, Russia and Italy)
3.Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
4.South America (Brazil, Argentina, Columbia etc.)
5.Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Conclusion
Covid-19 pandemic has taken a toll on the global population and economy. A collaborative effort on governments, public health departments, and hospital fraternity to fight the coronavirus has led to economic slowdowns, global lockdowns, and extreme public safety measures. The public health measures include creating awareness about home quarantine measuring, maintaining food and healthcare supply, especially to the poor are being strictly followed by governments across the world. During this pandemic situation, public awareness about maintaining high immunity levels has become a serious concern. However, as a staple food in the majority of the countries, bread and bread products have faced a lower impact as compared to other bakery products such as cakes, pastries, and croissants. Household consumption of bread has increased during the lockdown period reducing the consumption of bread products in the foodservice outlets. With foodservice representing approximately 70% of the sales of bakery products, the market for frozen bakery products players has hindered as food consumption has changed from restaurants to home kitchens. However, retail players are has shown considerable growth due to the fresh bread segment. With changing conditions, leverages in the regulations of lockdown and reducing the effect of COVID-19 in the future, the market is estimated to grow at a higher pace.