Bakers Journal

News
Baked goods market to grow


November 8, 2007
By Bakers Journal

October, 2007 – Globally,
according to Datamonitor, the market for bread, rolls and biscuits is
set to grow substantially by 2011, helped by consumers’ demand for
luxury items.

Globally,
according to Datamonitor, the market for bread, rolls and biscuits is
set to grow substantially by 2011, helped by consumers’ demand for
luxury items. Currently, the bread and rolls market is estimated at
$114.2 billion US, and forecast to grow by 12.6 per cent over the next
five years to $128.6 billion. The biscuits market alone will be worth
$30.3 billion US by 2011, a 19 per cent increase, reflecting increasing
consumer demand for more luxury foods, as a result of the increase in
spending power and wealth.