The bakery market is expected to gain momentum from the ever-increasing urbanization, which is further resulting in a rise in the demand for convenience food. The United Nations declared that approximately 55% of the world population was residing in urban areas in 2018.
In bakery industry, where one sector i.e. food service is plummeting due to lockdown, another sector i.e. household sector is making an increase in sales of bakery products. The increase in the sales is possible due to the incredible efforts of the entire bakery supply chain.
The meat industry is largest segment of food industry. The growing demand for the high valued animal protein has brought an increasing pressure on the livestock sector since long. It has been observed that this sector is growing with unpredicted growth rate due to certain driving factor such as increase in population, rising income and increasing urbanization. According to WHO, the meat production is projected annually with an increase to 376 million tons by 2030 from 218 million tons in 1997-1999.
The meat industry is largest segment of food industry. The growing demand for the high valued animal protein has brought an increasing pressure on the livestock sector since long. It has been observed that this sector is growing with unpredicted growth rate due to certain driving factor such as increase in population, rising income and increasing urbanization. According to WHO, the meat production is projected annually with an increase to 376 million tons by 2030 from 218 million tons in 1997-1999.
Recently the COVID-19 has entered into the market and it has disrupted the meat market and pulled it in decreasing manner. This has majorly changed the consumer behavior, impacted the supply chain and also made international trade complicated. The major reason for such changes is lockdown in all countries across the world.
This report provides strategists, marketers and senior management with the critical information they need to assess the global bakery product market as it emerges from the Covid 19 shut down.