The Business
Research Company’s latest report Bakery & Confectionary Global Market
Report 2020 covers Bakery & Confectionary market drivers, Bakery &
Confectionary market trends, Bakery & Confectionary market segments, Bakery & Confectionary market growth
rate, Bakery & Confectionary market major players, and Bakery &
Confectionary market size. The report provides in-depth analysis of the impact
of COVID-19 on the Bakery & Confectionary industry, along with revised
market numbers due to the effects of the coronavirus.
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https://www.thebusinessresearchcompany.com/report/bakery-and-confectionary-global-market-report-2020-30-covid-19-impact-and-recovery
Bakery &
Confectionary Global Market Report 2020 is the most comprehensive report
available on this market and
will help gain a truly global perspective as it covers 60 geographies. The
chapter on the impact of COVID-19 gives valuable insights on supply chain
disruptions, logistical challenges, and other economic implications of the
virus on the market. The chapter also covers markets which have been positively
affected by the pandemic.
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The global bakery
& confectionery market is expected to grow from $890.9 billion in 2019 to
$916.3 billion in 2020 at a compound annual growth rate (CAGR) of 2.9%. The low
growth is mainly due to economic slowdown across countries owing to the
COVID-19 outbreak and the measures to contain it. The market is then expected
to recover and grow at a CAGR of 7% from 2021 and reach $1128.3 billion in
2023.
The global bakery
and confectionery market is segmented by type into breakfast cereal
manufacturing, sugar and confectionery product manufacturing, bread and bakery
product manufacturing, cookie, cracker, pasta, and tortilla manufacturing, by
distribution channel into supermarkets/hypermarkets, convenience stores,
e-commerce, others. Subsegments covered are oats breakfast cereal, grains
breakfast cereal, other breakfast cereal, sugar manufacturing, confectionery
product, bread, cake and pastries, other bread and bakery product, cookie and
cracker manufacturing, dry pasta, dough, and flour mixes manufacturing from purchased
flour, tortilla manufacturing.
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