Global Packaged Croissant Market: Overview
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 laminating process. Today, new products are introduced by the players and it helps them raise their revenue flow.
Global Packaged Croissant Market: Growth Factors
Rise in the 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 of the retailers across the globe launching their packaged croissant products, the market is likely to gain traction over the assessment period. Apart from this, customers are becoming more sensitive to the costs and hence prefer private labels items and this will further transform into the huge growth for the industry in the years ahead.
Furthermore, rising urbanization along with changing customer lifestyles will contribute noticeably towards the market size in the near future. Additionally, massive competition from other snack items and rise in the number of mergers & acquisitions taking place between industry participants and rise in the funding of research activities will boost the market growth. Nonetheless, huge incidences of a product recall caused due to degradation in the quality of the product as well as strict food rules & compliances can hinder the business growth.
Global Packaged Croissant Market: Segmentation
The overall packaged croissant industry is divided based on product and distribution channel. On the basis of the product, the market is sectored into shelf-stable and frozen croissants. Based on the distribution channel, the packaged croissant market for packaged croissant is divided into online retailers, convenience stores, supermarkets, independent retailers, and hypermarkets.
Global Packaged Croissant Market: Regional Analysis
Based on regions, the global packaged croissant market can be divided into five main regions: Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Regionally, Europe and the Middle East and African regions are projected to make major contributions towards the overall market growth during the projected timespan. The regional packaged croissant industry growth can be attributed to the massive intake of the product in the countries of Europe and the Middle East & Africa.
Moreover, Asia Pacific packaged croissant industry is predicted to register incremental growth in the near future. The regional market growth can be credited to the massive demand for the product in countries such as India and China.
Global Packaged Croissant Market: Competitive Players
Some of the major participants in the packaged croissant business include Le Bon Croissant, Bauli, Vancouver Croissant, Chipita, San Giorgio Dolce & Salato, General Mills, Grupo Bimbo, Spanish Market Ltd., Lantmannen Unibake, Edita Food Industries, Fresh Snack, and McCain Foods.
Global Packaged Croissant Market: Regional Segment Analysis
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