The global bread crumbs industry is on a significant upward trajectory, projected to grow from US$ 987.6 million in 2023 to an impressive US$ 1.96 billion by 2033, reflecting a robust CAGR of 7.1% over the forecast period. This growth is driven by the rising demand for processed and convenience foods, as well as innovative solutions to reduce bread waste.
Bread waste management is a major challenge for bakeries worldwide, often leading to the production of bread crumbs. Researchers have developed novel extrusion cooking methods to efficiently process bread waste into bread crumbs, contributing to market growth. According to the Journal of Cereal Science, bakery products’ estimated wastage ranges from 7% to 10% of total production.
Bread crumbs are increasingly used as a special ingredient in the global food industry, particularly for creating crunchy and crispy coatings in breading formulations for baked or fried food items. This trend is expected to drive the market further in the coming years.
“The bread crumbs market is witnessing remarkable growth due to their versatile applications in the food industry,” opines Nandini Roy Choudhury, Client Partner at Future Market Insights. The ability to reduce bread waste and the increasing demand for convenience foods are key factors propelling this market forward.
Regional Insights:
- North America: The United States is a crucial market, holding more than 24.1% of the market share and expected to grow at a CAGR of 4.8%. The high consumption of chicken and pork products, which require bread crumbs for texture and flavor enhancement, is driving this growth.
- Europe: The United Kingdom holds over 16.8% of the European market share, with a projected CAGR of 5.3%. The demand for frozen food and bread crumb coatings to retain moisture and flavor during heating is boosting market growth.
- Asia Pacific: China dominates the East Asia market with a share of over 46.8%, and a CAGR of 11.6%. In South Asia, India is driving growth due to rapid urbanization and increased consumer income. The rising consumption of processed meat and ready-to-eat foods is expected to spur demand for bread crumbs.
Market Dynamics:
Bread crumbs are widely used in processed foods to enhance texture, flavor, and shelf life. They are made with seasonings, starch, and flour, providing a desirable coating for various food products. Innovations in food technology and sustainable practices are encouraging manufacturers to invest in research and development to meet surging customer demand.
Product Innovations and Strategic Initiatives:
Leading players in the bread crumbs market, such as Hearthside Food Solutions, Associated British Foods, and Progresso (General Mills), are focusing on product innovation and capacity expansion to cater to growing demand. For instance, Carrington Farms introduced Keto Bread Crumbs in June 2022, targeting keto, low glycemic, and gluten-free consumers.
For instance,
- In June 2022, Carrington Farms introduced a new product called Keto Bread crumbs . The new 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, as well as gluten-free consumers. Carrington Farms’ new product is a one-of-a-kind combination of coconut flour and ground lupin bean.
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