U.S. Bakery & Cereals Market 2021 Industry Product Outlook, Application, Size, Demand, Development Strategy, Regional Growth and 2030 Players Analysis Research Report

In a recent published report, Kenneth Research has updated the market report for U.S. Bakery & Cereals Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for U.S. Bakery & Cereals Market products.

REPORT HIGHLIGHT

The U.S. bakery & cereals market was valued at USD 106.4 billion by 2017, growing with 2.8% CAGR during the forecast period, 2018-2025

The bakery and cereals market comprises baking mixes, baking ingredients, breakfast cereals, bread and rolls, cakes, cereal bars, cookies, dough products, energy bars, and savory biscuits. The trend toward growing demand for healthier food choices is considered to be the primary driver in the bakery and cereal products in the U.S. The consumption behaviours and attitudes of the U.S. population makes this country significant mature from those of other North American and global countries. Consumers are increasingly demanding a diverse variety of bakery foods that have superior nutritious taste and are safe. In addition, the country’s population is willing to pay a premium price for high-quality bakery products, driving the industry growth to great extent.

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It is analysed that Canada is a major exporter of bakery and cereal foods to the U.S. Key exports include biscuits, dough mixes, breads, pastries/desserts, cookies, waffles, pies, gingerbread, and cereals. New product development is one of the important driving factor for this industry growth. For instance, many new bakery products being introduced into the market feature health claims or higher quality. Several key players are introducing products with lower amounts of sodium and high-fructose corn syrup but higher amounts of fibre. Such factors would in turn further boost the product demand significantly.

Products Takeaway

Breakfast Cereals

Cakes, Pastries & Sweet Pies

Morning Goods

Bread & Rolls

Cookies

Savory Biscuits

Other

Among which, cakes, pastries and sweet pies accounted for the significant revenue share, accounted for over 25% revenue share.

End Use Takeaway

Hypermarkets & Supermarkets

Convenience Stores

Food & drinks specialists

eRetailers

Other

Hypermarkets & Supermarkets accounted for the highest revenue share, accounting for over 65% share of the total market’s value. This distribution channel have been increasing their share of the industry by selling wrapped bread made by plant bakeries at a low cost and introducing in-store bakeries producing specialty breads, rolls and pastries.

Key Vendors Takeaway

Artisanal Producers

General Mills, Inc.

Grupo Bimbo, S.A.B. de C.V.

The Kellogg Company

Other

The bakery & cereals market will be analyzed taking manufacturers of bakery and cereals as players. Of the all key players, General Mills, Inc. emerged as the leading player in the U.S. bakery & cereals market, captured over 9% share of the market’s value. High fixed costs and exit barriers intensify rivalry in the market. In addition, the US market is fragmented, which further increases the competition.

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The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year – 2014 & 2016

Base Year – 2017

Estimated Year – 2018

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, and Suppliers

Manufacturers

Government and Regional Agencies

Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCTS

Breakfast Cereals

Cakes, Pastries & Sweet Pies

Morning Goods

Bread & Rolls

Cookies

Savory Biscuits

Other

MARKET, BY END USE

Hypermarkets & Supermarkets

Convenience Stores

Food & drinks specialists

eRetailers

Other

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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