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| Sourdough Market |
The global Sourdough Market is estimated to be valued at US$ 3.5 Bn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Sourdough is a type of fermented bread that uses naturally occurring yeasts and
lactobacilli instead of commercial yeast. It is known for its signature tangy
flavor and easy digestibility. The use of sourdough bread is growing in
popularity due to various health benefits associated with it such as improved
gut health, higher nutritional value and enhanced shelf life.
Market key trends:
One of the major trends driving the sourdough market growth is the rising
popularity of artisanal breads. Artisanal breads made using traditional methods
like sourdough are gaining traction among health-conscious consumers who prefer
simple ingredients over processed foods. Another factor fueling the demand is
increasing experimentation with different grain varieties and sourdough starter
cultures by bakeries to produce unique breads and expand their product
portfolio. This is attracting more customers and positively impacting the
market revenues.
Segment Analysis
The global sourdough market is segmented by type into conventional sourdough
and organic sourdough. The conventional sourdough segment dominates the market
and accounts for around 75% market share. The large share of this segment can
be attributed to lower prices of conventional sourdough as compared to organic
sourdough. However, organic sourdough segment is expected to witness fastest
growth during the forecast period due to rising health awareness among
consumers regarding the benefits of organic food products.
Key Takeaways
The global Sourdough
Market Share is expected to witness high growth, exhibiting CAGR of 9.0% over the forecast period,
due to increasing demand for naturally fermented bakery products.
Regional analysis:
Europe dominates the global sourdough market with over 40% market share. This
is mainly due to high consumption of sourdough bread and related products in
countries like Germany, France and Italy. North America is expected to be the
fastest growing region owing to rising health consciousness among consumers in
the US and Canada.
Key players:
Key players operating in the sourdough market are Puratos Group, IREKS Group,
Lallemand Inc., Lesaffre International Corporation, and Philibert Savours SAS.
Puratos Group and IREKS Group collectively account for over 30% of global
sourdough market share.
The global sourdough market size was valued at US$ 3.5 billion in 2023. Rapid
urbanization along with changing food habits of people is expected to propel
market growth during the forecast period.
Read More,
https://www.insightprobing.com/sourdough-market-trends-size-and-share-analysis/
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