Global bakery topping market projected to reach US$ 2 billion by 2034
From GlobeNewswire: 2025-01-06 09:36:00
The global bakery topping market is projected to reach US$ 1.47 billion by 2024, with a 3.1% CAGR over the next decade. Rising demand for confectionery products and increased popularity of frosted cakes among millennials are driving market growth, especially in developing countries.
Key projections for 2034 include a US$ 2 billion market value, US$ 95.4 million market size in Japan by 2024, and a US$ 631.9 million market value for bakery toppings in cookies & biscuits. The market is expected to expand at a CAGR of 3.1% and reach a value of US$ 2 billion by 2034.
The demand for high-quality, premium ingredients in baked goods is on the rise, fueling growth in the bakery sector and driving the sales of bakery toppings. Changing consumer preferences and an emphasis on artisanal and healthier baked goods are contributing to market expansion.
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Fact.MR provides valuable insights on the bakery topping market, offering a comprehensive analysis from 2019 to 2023 and forecast statistics for 2024 to 2034. The market is segmented by type, application, and distribution channel across seven major regions globally.
Fact.MR’s food and beverages team delivers expert analysis and strategic recommendations to global clients, with a focus on providing actionable insights for business intelligence needs. With over a decade of experience in analyzing the food and beverages industry, the team offers end-to-end research and consulting services.
Read more at GlobeNewswire: Global Bakery Topping Industry is set for a Massive US$ 2