The report of Sourdough Market by Type (Type I, Type II, Type III), Application (Bread, Cookies, Cakes, Waffles, Pizza, Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach around US$ XX Mn by 2027, at a CAGR of 7.7% during the forecast period.
The demand from consumers for delicious, healthier, and more natural baked products has resulted in numerous manufacturing food product improvements. The high inclination of sourdough bread worldwide, mainly in Europe is the key factor that is expected to drive the growth of the Sourdough market in the future. Also, the increasing acceptance of gluten-free products, like certain types of bread is estimated to encourage the growth of the global market. The consumption ratio of sourdough products, particularly bread, would be increasing because of the demand for stronger flavors, which is likely to withstand the sourdough market over the forecast period. Continuous improvements and new product promotions are expected to make growth opportunities for key market players in the years to come.
On the other hand, high costs related to sourdough products in comparison to regular baked products could challenge the growth of the sourdough market. The existence of many substitute products and shorter shelf life of the products limit the growth of the sourdough market.
By the applications, the bread application segment registered as the largest market share of the global market in 2018. Because of sourdough bread presence of inherent properties in comparison with regular bread made using baker’s yeast, due to the existence of lactic acid in it.
Europe is expected to hold the largest market share of the global sourdough market by 2027. This is mainly because of sourdough bread is a traditional food item in most European countries, largely in Germany. The Asia Pacific market is expected to account for the largest revenue growth with substantial contributions from countries, such as Japan, China, and India. The demand for sourdough-based products has been gradually rising in these countries, thanks to the demand for numerous baked products that are free from preservatives and chemicals. Among these countries, India is a noticeable revenue provider caused by the abundant existence of native varieties of wheat.
Key players operating in the Sourdough market are Puratos, Boudin SF, Riverside Sourdough, Lallemand, Truckee Sourdough Company, Gold Coast Bakeries, Alpha Baking Co. Inc., Josey Baker Bread, Bread SRSLY, and Morabito Baking Co. Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Sourdough Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Sourdough Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Sourdough Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Sourdough Market.”
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