Market Outlook
Bread is a
baked staple food which is prepared from dough that is kneaded, moistened and
at times fermented. Bread is a major food that is being consumed from prehistoric
times. Bread has been prepared in a variety of shapes and sizes and has been
offered to consumers in variety of forms using different ingredients and
methods of preparation. Clean label bread is bread which contains no artificial
ingredients or synthetic chemicals. Consumers now a days look for labels such
as gluten-free, free-from, simple, minimally processed and organic in the
labeling of any food product, which is the reason why, clean label is also
understood to be a consumer-driven movement.
Reasons for Covering this Title
Growing
demand for organic food, along with clean label ingredients in a food item such
as bread is found in countries such as the U.S., U.K., France, Germany and
Australia among others, due to which producers are engrossed in using clean
label ingredients in their bread, which leads to the growth of the clean label
bread market. It has been observed that there is a surge in demand for clean
label bread particularly in Europe and North America and in order to meet
growing demand, companies are launching new products that contains no harmful
ingredients such as flavor, colors, etc., on a regular basis. Moreover, a
spokesperson from a major bread manufacturer claimed that gluten-free bread is
amongst the fastest growing clean label claims across the globe, which clearly
indicates that the market of clean label bread is expected to grow
significantly over the forecast period.
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Global
Clean Label Bread Market: Key Players
Some of
the key potential players operating in the
global
clean label bread market are Barilla Group, Grupo Bimbo S.A.B. de CV,
Campbells Soup Company, Associated British Foods PLC, Almarai, Goodman Fielder,
Yamazaki Baking Co. Ltd, Finsbury Food Group Plc, Aryzta AG, Chipita S.A.,
Britannia Industries Limited, Campbell Soup Company, and Palco Food
Products among others.
Opportunities for Market Participants
The clean
label bread available in the market at high costs to the conventional bread
available in the market, hence companies associated with clean label bread
production need to find ways to offer the cost-effective solution to its
customers. In today’s world, the internet has influenced consumer buying
behavior continuously, buyers spend more time searching required products from
various manufacturers before arriving at a decision. All companies have an
online presence, but today, consumers are looking for an interactive web
experience. Hence companies operating in this market needs to improve its web
experience for the consumers and increase transparency of products accordingly.
The role of retail and online support is no longer limited to the sale, and customer
satisfaction after the sale is of paramount importance. Moreover, consumers
attitude have changed drastically over the years, it has become more when it
comes to processed food, and hence new entrants could focus on offering
innovative products while keeping consumers perception on food items in mind,
so as to enhance its foothold, globally.
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