Sign In  |  Register  |  About Walnut Creek Guide  |  Contact Us

Walnut Creek, CA
September 01, 2020 1:43pm
7-Day Forecast | Traffic
  • Search Hotels in Walnut Creek Guide

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Global Sourdough Market to Reach USD 411.2 Million by 2034, Driven by Gluten-Free Trends & Ready-to-Eat Demand | Future Market Insights, Inc.

The sourdough market is rapidly expanding in Japan and Indonesia, driven by the rising popularity of sourdough bread and the ease of making it at home. Sourdough bread, made with a starter culture of yeast and bacteria, is gaining traction for its distinctive flavor and perceived digestibility benefits, making it a preferred choice among consumers in these regions.

NEWARK, DE / ACCESSWIRE / December 17, 2024 / The sourdough market value is poised for significant growth, with FMI forecasting a CAGR of 4.40% from 2024 to 2034. The market is expected to expand from USD 267.8 million in 2024 to USD 411.2 million by 2034, The Sourdough Market refers to the global industry focused on the production, sale, and demand for sourdough-based products. Sourdough is a type of bread or bakery product that is made using naturally occurring lactic acid bacteria and wild yeast for fermentation instead of commercial yeast.

Sourdough Market offering lucrative opportunities for investors.

  1. Rising Demand for Gluten-Free Sourdough: The increasing preference for gluten-free sourdough bread is being driven by its low glycemic index and health benefits. This trend is resonating with health-conscious consumers, making it a promising investment avenue.

  2. Packaged and Ready-to-Eat Convenience: With the surge in demand for packaged, ready-to-eat foods, sourdough's ability to enhance flavor, texture, and shelf life makes it ideal for the growing on-the-go bread sector.

  3. Multi-Nutritional Sourdough Diversification: Diversifying portfolios into multi-nutritional sourdough bread could yield profitable results. Sourdough's versatility in forms such as dry powder, live liquid cultures, and starter cultures allows its application across a wide range of baked goods, further boosting market potential.

Sourdough Market

Key Takeaways

  • Starter Culture (Type 1) leads the market in 2024, holding a significant 38.9% share.

  • The United States sourdough market is anticipated to experience steady growth with a CAGR of 3.8% through 2034.

  • Germany is also projected to maintain a consistent growth rate of 3.8% during the forecast period.

  • The sourdough industry in China is expected to grow at a modest CAGR of 2.1% by 2034.

  • Japan is set to witness stable growth with a CAGR of 4.1% over the next decade.

  • India stands out with a remarkable projected CAGR of 8.2% through 2034, making it a key growth market for sourdough.

"Gut health has become a growing area of focus for health-conscious consumers. Sourdough's ability to stay relevant on menus and shelves reflects this interest. With fermentation continuing to trend positively, the sourdough market is poised for sustained growth,"- says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Detailed Market Study: Full Report and Analysis https://www.futuremarketinsights.com/reports/sourdough-market

Growing Preference for Healthy and Long-lasting Food Options Drives Sourdough Market Growth

The increasing demand for healthy, flavorful, and natural baked goods has significantly boosted the popularity of bakery and bakery-based products in recent years. Sourdough plays a key role in the production of various baked items such as pizza, pita bread, cakes, and crackers.

As production of these products rises, the demand for sourdough has surged, further enhancing its market value. This trend is expected to continue over the next decade, presenting substantial growth opportunities for the sourdough market.

Sourdough bread is highly favored for its nutritional benefits and easy digestibility, making it a preferred choice for all age groups. Additionally, its ability to be frozen and stored ensures a longer shelf life and easier transportation, further driving its adoption across global markets.

Country-wise Insights: Sourdough Market Trends and Growth

Countries

Forecasted CAGR (2024 to 2034)

United States

3.80%

Germany

3.80%

China

2.10%

Japan

4.10%

India

8.20%

United States: Fast Food Consumption Drives Sourdough Demand

The United States sourdough market is poised to grow at a CAGR of 3.80% through 2034, driven by the increasing popularity of fast food. Sourdough bread, known for its unique flavor derived from wild yeast and bacteria cultures, is widely consumed across the country. As demand surges, bakers are competing to produce the finest sourdough products.

The rapid expansion of the fast food industry in the United States further fuels market growth, as sourdough is essential for nearly half of fast food items. Additionally, sourdough's ease of storage, transportation, and adaptability continues to boost its sales in the country.

Germany: Traditional Bread Culture Boosts Sourdough Sales

Germany's long-standing tradition of consuming bread has driven its sourdough market to project a CAGR of 3.80% through 2034. Sourdough made with rye and wheat flour has been a staple in German households, supporting consistent demand.

The rising preference for gluten-free and healthier baked alternatives has further propelled sourdough's popularity as a nutritious substitute for calorie-dense foods. This cultural and dietary preference solidifies Germany's position as a key player in the sourdough market.

China: Foreign Investments Propel Sourdough Growth

China's sourdough market is set to grow at a CAGR of 2.10% through 2034, fueled by foreign investments and international partnerships. Overseas companies are collaborating with local bakeries and restaurants to establish production channels, enabling market entry without large-scale facility investments.

Additionally, the rise of online shopping platforms has made sourdough products more accessible to consumers, boosting sales. The ability to reach wider audiences through e-commerce further supports the market's expansion in China.

Japan: DIY Baking Trend Drives Sourdough Demand

Japan's sourdough market is forecast to grow at a CAGR of 4.10% through 2034, driven by the increasing popularity of homemade sourdough products. While traditional Japanese cuisine had limited bakery influence, changing preferences and culinary experimentation have opened opportunities for sourdough consumption.

The rise of DIY baking kits and ready-to-make sourdough products sold in supermarkets has further fueled market growth. Consumers' growing interest in homemade bakery items contributes significantly to the market's upward trajectory.

India: Resource Availability and Emerging Businesses Fuel Market Expansion

India's sourdough market is projected to surge at a CAGR of 8.20% through 2034, driven by ample raw materials, affordable labor, and a rising number of market players. Consumers in India are increasingly incorporating sourdough into diverse dishes and preparations, boosting demand across the country.

The emergence of new sourdough producers, distributors, and sellers is further driving market growth. Additionally, India's ability to export sourdough products to international markets enhances its role as a key contributor to the global sourdough industry.

Competitive Landscape

The industry is represented by fierce competition between domestic and foreign market players. Puratos, Boudin SF, Riverside Sourdough, Lallemand, Truckee Sourdough Company, Gold Coast Bakeries, Alpha Baking Co. Inc., Josey Baker Bread, Bread SRSLY, and Morabito Baking Co. Inc. are a few of the major companies in the sector.

The major tactic of leading companies is to create innovation and differentiation in their product offerings to keep their competitive edge. For instance, Bread SRSLY makes different types of sourdough-based products including classic sourdough, seeded sourdough, and sweet onion sourdough which are also gluten-free. More businesses are anticipated to follow suit soon and provide unique products that prioritize using healthful ingredients.

Other Source:https://www.globenewswire.com/news-release/2024/08/05/2924377/0/en/Rising-Demand-for-Nutritious-and-Sustainable-Foods-Fuels-Sourdough-Market-projected-to-Reach-USD-411-2-Million-by-2034-Future-Market-Insights-Inc.html

Recent Developments in the Sourdough Market

  • Ernst Bocker GmbH & Co. KG, a company based in Germany, a specialist in sourdough products, launched ActiVivo in November 2022. It is a range of active, liquidized sourdoughs which help in making high-quality baked products.

  • Puratos and Shiru, a startup specializing in functional ingredients did a collaboration in August of 2022 to revolutionize the way chocolate and confectionaries are made using sourdough all while preserving their nutritional values and flavor.

Key Companies Profiled

  • Puratos (Belgium)

  • Ernst Böcker GmbH & Co. KG (Germany)

  • IREKS GmbH (Germany)

  • Kampffmeyer Food Innovation GmbH (Germany)

  • Philibert Savours (France)

  • Lesaffre (France)

  • Dr. Otto Suwelack Nachf. GmbH & Co. (Germany)

  • ITALMILL S.r.l. (Italy)

  • Alpha Baking Co. (USA)

  • Bread SRSLY

  • Lallemand Inc.

  • Cultures for Health

  • German Bakehouse

  • Boudin SF

  • Madison Sourdough

  • Backaldrin International (The Kornspitz Company GmbH) (Austria)

Sourdough Market by Category:

By Application:

  • Bread

  • Pizza

  • Buns

  • Cakes

  • Cookies

  • Waffles & Pancakes

  • Others

By Starter Culture:

  • Type I

  • Type II

  • Type III

By Region:

  • North America

  • Latin America

  • Europe

  • East Asia

  • South Asia

  • Oceania

  • Middle East and Africa

Discover key insights and trends shaping the global eggs and products market unlock strategies to boost your business growth today!

Authored by:  

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.   

She has exceptional analytical skills and often brings thought leadership to the table.  

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results. 

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor's Degree in Electrical Engineering from Nagpur University, India.  

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor. 

Explore FMI's related ongoing Coverage in Food and Beverage Domain:

The global frozen dough market size is estimated to reach USD 17,456.2 million in 2024.

The global Cookie Dough market is expected to reach a market valuation of USD 12.3 billion by 2023, recording a CAGR of 5.7% from 2023 to 2033.

The frozen bakery market is expected to expand its roots at a steady CAGR of 6.5% during the forecast period.

The global bakery ingredient market value is USD 20,795 million in 2023. Bakery ingredient suppliers expect the market to grow at a CAGR of 6.7% through 2033, with a forecast valuation of USD 39,867 million by 2033.

The global frozen pizza market is expected to increase from 2023 to 2033.

The global frozen desserts market is expected to reach a valuation of USD 100.1 Billion by the end of 2022, growing at a CAGR of 5.8% from 2022 to 2032.

The global frozen ready meals market recorded sales of USD 42,232.0 million in 2023.

The frozen vegetable market is predicted to surge at a CAGR of 6.0% through 2034.

As per the analysis, sales of frozen yogurt hold a current valuation of USD 99.29 billion in 2024.

The global yogurt powder industry size is forecast to reach USD 333.3 million in 2024 and further expand at a CAGR of 6.8% during the assessment period.

The global yogurt market is projected to reach a valuation of USD 79,147.2 million by 2033 from USD 44,808.5 million in 2023.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn | Twitter | Blogs | YouTube

SOURCE: Future Market Insights, Inc.



View the original press release on accesswire.com

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 WalnutCreekGuide.com & California Media Partners, LLC. All rights reserved.