The sourdough market is anticipated to expand at a CAGR of 6.3% over the anticipated time frame. According to projections, the market would be worth US$ 365.2 Mn by 2032, up from US$ 213.8 Mn in 2022. In 2017, the Western European sourdough market has a value of about US$1200 million.
Western Europe continues to the largest market for sourdough, accounting for nearly 38% share of total revenues in 2022. Adoption of sourdough in Western Europe food manufacturing units continues to remain strong.
Get Sample Report@https://www.futuremarketinsights.com/reports/sample/rep-gb-1900
Future Market Insights estimates the Western Europe sourdough market to increase at a CAGR of 7.1% through 2032. In terms of revenues, the market is projected to grow 2X from its 2022 market valuation of US$ 1.21 Bn. In terms of volume, over 552 thousand tonnes of sourdough was sold in 2022; FMI estimates it to reach over 975 thousand tonnes in 2032.
Opportunities in the Global Sourdough Market
- Increasing demand for clean-label products has presented a lucrative opportunity for businesses
- Use of sourdough is also gaining traction owing to its application in preparation of foods that require fermentation
Key Supply-side and Demand-side Drivers
- According to Future Market Insights’ report, demand for sourdough is increasing on account of its beneficial functional properties. Its property of enhancing flavour and texture is a key factor for its applications in the F&B sector, especially bakery sector
- Increase in the number of artisan bakeries is positively influencing the demand for sourdough. Particularly high demand for type 1 sourdough – made using only wild yeasts – is being witnessed in artisan bakeries
- Availability of sourdough products on e-commerce stores is also contributing to increasing sales
- Growing demand for sourdough from the fast food and bakery sector is creating sizeable growth opportunities for manufacturers
High cost of sourdough products is a major impediment to their widespread adoption in developing countries.
Key Trends Expected to Shape Global Sourdough Market
- Dehydrated sourdough (Type III) is gaining traction in the bakery industry. Freeze-drying remains the preferred dehydration technique for manufacturers.
- Manufacturers are using devitalised sourdough for enhancing the aroma of products. Devitalised sourdough does not contain live organisms, enhancing its use as an aromatic agent
- Consumer demand for healthy food products has resulted into the launch of chocolate sourdough loaves. Further, Future Market Insights identified increasing use of type I sourdough.
View Complete Report@ https://www.futuremarketinsights.com/reports/sourdough-market
Sourdough Market Forecast and Analysis by Starter Culture
Type III starter culture currently accounts for nearly half of the revenue share of the global sourdough market. Over 773 thousand tonnes of sourdough was sold in 2016; by the end of the forecast period, Future Market Insights estimates global volumes to surpass 1.3 million tonnes.
Key companies profiled by Future Market Insights in its report include Puratos NV, Ernst Böcker GmbH & Co. KG, IREKS GmbH, Kampffmeyer Mühlen GmbH, Philibert Saveurs, Lesaffre, Dilbeek, Minden, Kulmbach, Hamburg, Pont-de-Veyle, and Marcq-en-Barœul.
Future Market Insights maintains a positive outlook on the global sourdough market, projecting it to grow by 6.8% CAGR through 2026 in terms of value. In terms of volume, demand is projected to grow at 5.5% CAGR.
Key segments covered in the global sourdough market report
By Application
- Bread
- Pizza
- Buns
- Cakes
- Cookies
- Waffles and Pancakes
- Others
By Region
- North America
- Western Europe
- APEJ
- Latin America
- Eastern Europe
- Middle East and Africa
- Japan
By Starter Culture
- Type I
- Type II
- Type III
Buy Complete Report@ https://www.futuremarketinsights.com/checkout/1900
Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market
About Future Market Insights (FMI)
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
