The global packaged croissant market size was worth around USD 8.9 Billion in 2022 and is predicted to grow to around USD 13.7 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2023 and 2030. packaged croissant Industry share By product, distribution channel, and region.
Packaged Croissant Market
The global packaged croissant market size was worth around USD 8.9 Billion in 2022 and is predicted to grow to around USD 13.7 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2023 and 2030. The report analyzes the global packaged croissant market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the packaged croissant industry.
A croissant is a kind of pastry of French & Austrian origin with a crescent shape. It is made up of coated yeast-leavened dough, which is pasted with butter and rolled & folded many times successively into a sheet through the laminating process. Today, new products are introduced by the players and it helps them raise their revenue flow. This packaged croissant market's expansion can be ascribed to several variables, including rising disposable income levels, a global increase in the demand for convenience foods, and rising consumer health concerns that encourage increased consumption of rich in nutrients goods.
Growing demand for convenience food drives the market growth
The convenience provided by packaged edible products, which draw customers of all ages, is what propels the processed food sector. The preference of consumers for convenience foods and RTE foods has sped up market transformation internationally. Compared to prepared foods, this form of cuisine requires less work and preparation time, which is what is primarily causing the global packaged croissant market to grow. Moreover, a further aspect driving the market increase is consumers' rising disposable income. The World Bank estimates that by 2050, 2/3 of the world's population would reside in metropolitan areas, which will increase demand for packaged croissants.
Adverse health effects hinder the market growth
According to some studies, eating foods like croissants that are heavily processed, heavy in saturated fats, and low in complex carbs may be detrimental to heart health. Since butter is used in the croissants' preparation, each croissant normally has a considerable quantity of saturated fat. A medium plain croissant, for instance, has almost 7 grams of saturated fat. Therefore, consuming a lot of croissants may be bad for the heart, which would slow down the packaged croissant market's growth throughout the forecasted period.
Increasing disposable income of the population and rising product launch provides a lucrative opportunity
The increasing disposable income of the population is expected to drive packaged croissant industry growth over the forecast period. For instance, according to the secondary analysis, the United States disposable personal income in February 2023 increased by 0.5% from the previous month. Moreover, the rising product launch in the packaged croissants industry is expected to provide enormous opportunities for market expansion. In June 2022, with the introduction of four new flavors of its new Mini Filled Croissants, French pastry producer Bridor increased the variety of its products. Bridor's Mini Filled Croissants are perfect for breakfast and on-the-go scenarios. The mini size is great for home sharing or hotel breakfasts and seminars.
Product recalls and stringent food regulations pose a major challenge
The product recalls caused due to the degradation in the quality of the product as well as stringent regulations are expected to pose a major challenge for the packaged croissant market expansion during the forecast period.
The global packaged croissant industry is segmented based on product, distribution channel, and region.
Based on the product, the global market is bifurcated into shelf-stable and frozen croissants. The shelf-stable segment is expected to dominate the market over the forecast period. Croissants that are shelf-stable can be kept at room temperature for extended periods, usually without refrigeration. These goods typically have a more consistent shape, texture, and flavor. Due to the additional preservatives used to help maintain them for longer periods, croissants typically have an extended shelf life. As a result, they are more expensive than frozen croissants, but they also taste fresher because, provided their packages have been properly vacuum-sealed, they don't need to be refrigerated before being consumed. On the other hand, the frozen croissants segment is expected to hold a significant portion of the market.
A frozen croissant is a pastry product that is made of layers of dough that have been folded into an elongated crescent form. It can be compared to the Danish pastry, even though it might have diverse contents like fruit or cheese. If you haven't opened these varieties yet, you should consume them immediately away because they don't need to be refrigerated before usage. Because they don't include preservatives, they have a shorter shelf life than Shelf-Stable Croissants, but they cost less to make. Thus, the inexpensive nature of frozen croissants is expected to drive segment growth over the forecast period.
Based on the distribution channel, the global packaged croissant industry is bifurcated into online retailers, convenience stores, supermarkets, independent retailers, and hypermarkets. The online retailer segment is growing at the highest CAGR during the forecast period. The growth in the segment is owing to the rapid adoption of the smartphones and growing e-commerce industry across the globe. For instance, as per India Brand Equity Foundation, the Indian e-retail sector is expected to attract more than 300–350 million customers over the next five years, increasing the online Gross Merchandise Value (GMV) to US$ 100–120 billion by 2025. Thus, these facts support the segment expansion over the forecast period. On the other hand, supermarkets and hypermarkets are expected to capture a significant market share over the forecast period. The growth in the segment is attributed to the availability of all types of brands under one roof as well as the discount offered by these markets.
|Packaged Croissant Market Research Report
|Market Size in 2022
|USD 8.9 Billion
|Market Forecast in 2030
|USD 13.7 Billion
|CAGR of 5.5%
|Number of Pages
|Key Companies Covered
|Bauli, Lantmannen Unibake, Le Bon Croissant, General Mills, Grupo Bimbo, Upper Crust, San Giorgio Dolceï¼†Salato, Fresh Snack, Vancouver Croissant, Crozzo, Mondelez International, Rademaker, French Bakery Co., Spanish Market d.o.o., Starbucks Coffee Company, Mak'Cik and Boulangerie Solignac among others.
|By Product, By Distribution Channel, And By Region
|North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
|2017 to 2021
|2023 - 2030
|Avail customized purchase options to meet your exact research needs. Request For Customization
Europe is expected to dominate the market during the forecast period
Europe is expected to dominate the global packaged croissant market during the forecast period. The region's rise has been attributed to the region's changing dietary preferences, stable economy, and rising consumer purchasing power. According to the GFK, around USD 12.04 trillion will be available to Europeans in 2022 to spend on things like food, housing, services, energy prices, private pensions, insurance, vacations, mobility, and consumer goods. This equates to an average per capita purchasing power of USD 17,733, representing a minor increase of 5.8% over the prior year. The amount that consumers have available for spending and saving, however, differs substantially between nations and also depends on how consumer prices change in 2022. Additionally, demand for ready-to-eat snacks has skyrocketed in popularity due to their hustled lifestyles. With a significant development potential for baked food products, Europe is one of the most alluring markets in the world.
The global packaged croissant industry report profiles some major players like:
By Distribution Channel
A croissant is a kind of pastry of French & Austrian origin with a crescent shape. It is made up of coated yeast-leavened dough, which is pasted with butter and rolled & folded many times successively into a sheet through the laminating process. Today, new products are introduced by the players and it helps them raise their revenue flow.
The rise in new product introductions by the major industry players is going to play a key role in influencing the growth of the packaged croissant industry in the forthcoming years. Moreover, a prominent rise in the use of private labels is likely to boost the growth of the market in the coming years. With many retailers across the globe launching their packaged croissant products, the market is likely to gain traction over the assessment period.
According to the report, the global market size was worth around USD 8.9 billion in 2022 and is predicted to grow to around USD 13.7 billion by 2030.
The global packaged croissant market is expected to grow at a CAGR of 5.5% during the forecast period.
The global packaged croissant market growth is expected to be driven by Europe. It is currently the world’s highest revenue-generating market owing to the increasing demand for convenience food.
The global packaged croissant industry report profiles some major players like Bauli, Lantmannen Unibake, Le Bon Croissant, General Mills, Grupo Bimbo, Upper Crust, San Giorgio Dolceï¼†Salato, Fresh Snack, Vancouver Croissant, Crozzo, Mondelez International, Rademaker, French Bakery Co., Spanish Market d.o.o., Starbucks Coffee Company, Mak'Cik and Boulangerie Solignac among others.