The Bakery Contract Manufacturing Global Market Report 2023, provides comprehensive information on the bakery contract manufacturing market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global bakery contract manufacturing market size is expected to grow from $19.92 billion in 2022 to $22.30 billion in 2023 at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bakery contract manufacturing market size is expected to reach $33.41 billion in 2027 at a CAGR of 10.6%.
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In the dynamic landscape of the bakery contract manufacturing market, technological advancement emerges as a predominant trend, signifying a paradigm shift embraced by key industry players. Notably, major companies operating in this market are strategically channeling their efforts towards the development of cutting-edge products, exemplified by KPM Analytics, a leading US-based company specializing in vision systems and automation inspection solutions for food manufacturers.
In September 2021, KPM Analytics unveiled the Sightline TheiaVu Compact Vision Inspection Series, a technological marvel equipped with breadcrumb analysis capabilities. This series represents a comprehensive benchtop analyzer tailored for bakeries, snack food, and meat producers, offering swift, accurate, and consistent measurements of size, shape, color, and toppings. Its crumb analysis capabilities elevate product quality assessment, producing high-resolution photos and data depicting the internal crumb structure of bread items.
The all-encompassing nature of the Sightline TheiaVu Series positions it as an indispensable tool for testing, research, quality assurance, and final product inspection. Its multifaceted functionalities significantly reduce the time invested by quality engineers, providing a wealth of data to enhance production efficiency, ensure product quality, and consequently, bolster overall profitability. This technological innovation represents a transformative leap forward in the bakery contract manufacturing sector, emphasizing the fusion of precision analytics with streamlined processes to meet the evolving demands of the industry. As the market continues to evolve, such advancements underscore the commitment of industry leaders to usher in a new era of efficiency, quality, and productivity within the realm of bakery contract manufacturing.
The bakery contract manufacturing market is segmented:
1) By Product: Specialty And Nutritional Bakery Products, Traditional Bakery Products
2) By Service: Manufacturing, Packaging, Custom Formulation And R&D
3) By Application: Small And Medium Enterprises (SMEs), Large Enterprises
Europe was the largest region in the bakery contract manufacturing market in 2022.
The table of contents in TBRC’s bakery contract manufacturing market report includes:
1. Executive Summary
2. Bakery Contract Manufacturing Market Characteristics
3. Bakery Contract Manufacturing Market Trends And Strategies
4. Bakery Contract Manufacturing Market - Macro Economic Scenario
5. Bakery Contract Manufacturing Market Size And Growth
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26. Africa Bakery Contract Manufacturing Market
27. Bakery Contract Manufacturing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bakery Contract Manufacturing Market
29. Bakery Contract Manufacturing Market Future Outlook and Potential Analysis
30. Appendix
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