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NEW YORK, July 28, 2021 /PRNewswire/ --
According to Technavio, incremental growth of USD 165.49 billion is expected in the bakery market during 2021-2025. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the bakery market in optimistic, probable, and pessimistic forecast scenarios.
Technavio has announced its latest market research report titled-Bakery Market by Product and Geography - Forecast and Analysis 2021-2025
Technavio reports offer customer landscape matrix and vendor landscape analysis that assists global businesses to obtain growth opportunities
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Associated British Foods Plc, Britannia Industries Ltd., Campbell Soup Co., Flowers Foods Inc., Grupo Bimbo SAB de CV, JAB Holding Co. Sarl, Kellogg Co., Mondelez International Inc., Warburtons Ltd., and Yamazaki Baking Co. Ltd. are some of the major market participants. The rising prominence of in-store bakeries in supermarkets will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.