Sourdough Market Analysis
The global Sourdough Market is predicted to touch USD 4.3 billion at a 7.4% CAGR between 2019-2024, reveals the latest Market Research Future (MRFR) report. Sourdough, simply put, is a bread that is made from naturally occurring bacteria and yeast in flour. It has gained immense recognition as it is more nutritious compared to standard bread, keeps well, is flavorful, and has a longer shelf-life. Various factors are propelling the Sourdough Market Value growth. These factors, as per the new Market Research Future (MRFR) report, include growing consumer demand for tastier, more natural baked, and healthier products, the growing popularity of gluten-free products, increasing production of fermented products, and advancements in processing technologies.
Leading players profiled in the Sourdough Market report include Speciality Breads Ltd. (UK), Pan’Artisan (UK), Mount Sourdough Co. (New Zealand), Sourdough & Co. (US), Alpha Baking Co., Inc. (US), Philibert (France), Lesaffre Group (France), Ernst Böcker GmbH & Co. KG (Germany), Ireks GmbH (Germany), and Puratos Group (Belgium). Key players have incorporated several strategies to create a niche in the market, such as expansion, product launch, collaboration, acquisition, and partnership.
The MRFR report provides an all-inclusive segmental analysis of the Sourdough Market on the basis of application, ingredients, and type.
Based on Type, the Sourdough Market is segmented into type I, type II, and type III. Of these, the type III segment will have the largest share in the market over the forecast period.
Based on Ingredients, the Sourdough Market is segmented into barley, oats, rye, wheat, and others.
Based on the Application, the Sourdough Market is segmented into cakes, pizza, bread and buns, and others. Of these, the bread and buns segment will dominate the market over the forecast period.
By region, the Sourdough Market report covers the latest trends and growth opportunities across Europe, North America, the Asia Pacific, and the Rest of the World. Of these, the Sourdough Market in North America will have the lion’s share in the market over the forecast period. Factors propelling growth in the region include the presence of several well-established players, high per capita income, and changing preference of consumers towards healthy food alternatives. The US is the leading contributor in this region owing to the presence of many food enthusiasts, increased sales, growing awareness about the various health benefits of consuming sourdough, and constant efforts being made on research and development.
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