As per FMI, the global bread crumbs market size is set to be valued at US$ 257.1 Million in 2022 and is anticipated to reach a valuation of US$ 501.1 Million by the end of 2032. The market is expected to grow at a CAGR of 6.9% from 2022 to 2032.
Nowadays, multi-cuisine restaurants and cafes are serving various starters and appetizers such as nuggets, fish balls, fritters, cheese balls, or cheese sticks. These dishes are mainly prepared by using bread crumbs, which give them an appealing look, texture, and taste. Increased consumption of such snacks has been witnessed among consumers visiting different hotels and restaurants. Rising consumption of bread crumbs in numerous foods and dishes is thus expected to result in impressive growth in the global bread crumbs market in the next ten years.
The market for bread crumbs or bread premixes is expected to grow further as a result of fast-food trends & increasing number of cafes, quick-service restaurants, and other food outlets across the globe. In recent years, developing economies such as China and India have outpaced industrialized economies in terms of processed foods owing to the rapid growth of their processed food industries.
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Whole grain bread is used to make bread crumbs that are high in fiber and nutrients. It also helps in reducing the risk of getting cardiovascular diseases, strokes, and obesity related issues. Owing to the above-mentioned factors, demand for whole-grain bread crumbs is predicted to grow over the next ten years.
Key Takeaways from Bread Crumbs Market Study
- Based on product type, the seasoned breadcrumbs segment is set to hold around 36.7% of revenue in 2022 and is likely to grow at a CAGR of 7.0% over the forecast period.
- By flavor, the flavored segment is expected to dominate the global bread crumbs market and hold more than 64.1% of share in 2022.
- In terms of end-use application, the savory segment is estimated to dominate the global bread crumbs market by holding more than 64.3% of share in 2022.
- By distribution channel, the retail segment is expected to dominate the global bread crumbs market by holding more than 28.6% of share in 2022.
- China is dominating the East Asia bread crumbs market by holding a significant share of more than 46.8%.
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“Increased use of bread crumbs for making fish-based products and escalating demand from the food coatings industry are expected to boost the global bread crumbs market,” says a Future Market Insights analyst.
Competitive Landscape: Bread Crumbs Market
Key manufacturers in the global bread crumbs market are mainly focusing on research & development activities in order to come up with innovative and unique product offerings. In addition to this, key players in the bread crumbs market are concentrating on mergers, acquisitions, and joint ventures to expand their geographical presence and broaden their existing production capacities.
For instance,
- Carrington Farms recently introduced a new product named Keto Bread Crumbs in June 2022. The latest non-GMO and plant-based bread crumbs provide consumers with the satisfying crunch of traditional bread crumbs, while appealing to keto, low glycemic dietary prescribers, and gluten-free food consumers. Carrington Farms’ new product is a one-of-a-kind combination of coconut flour and ground lupin bean.
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Explore More Valuable Insights on the Bread Crumbs Market
Future Market Insights, in its new report, offers an impartial analysis of the global bread crumbs market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (plain bread crumbs, panko bread crumbs, Italian bread crumbs, seasoned bread crumbs, French bread crumbs), by flavor (regular/unflavored, flavored), by end-use application (savory, dessert, pet treat), by distribution channel (food service, travel retail, retail, online retailers), across seven major regions of the world.
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