According to latest research by Fact.MR, plant based breads market is projected to grow at a steady pace during 2021-2031.While the market is set to show recovery from crisis in the mid-term of the projection period, for the long term, demand is expected to showcase higher than the historical growth. Increasing adoption of vegan food products coupled with pervasive trends in thoughtful food habits, clean label ingredients, and health benefits is anticipated to contribute significantly in the plant based bread sales.
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Key Segments
By Form
- Organic
- Conventional
By Product Outlook
- Plain
- Flavored
By Distribution channel
- Direct Sales/B2B
- Indirect Sales/B2C
- Convenience Store
- Specialty Store
- Hotels/Restaurants
- Modern Groceries
- Online Retail
- Others
By Region
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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Who are the Key Manufacturers of Plant Based Breads?
Some of the key market participants of the key plant based breads are
- Little Northern Bakehouse
- Schar
- Dave’s Killer Bread
- Food for life
- Silver Hills
- Vermont Bread Company
- Manna Organics
- 365 Everyday Value
- One Degree
- Alvarado Street Bakery
- Angelic Bakehouse
- Others
Some of the emerging manufacturers of plant based breads in China includes
- JenDow – Lian Shiang Jai
- Veggie Castle
- Veggie Macau
- 404Plant
- Sù Bing Fang
- Tung Fong Siu Kee Yuen
- Others.
COVID-19 Hinder the Global Sales of Plant Based Breads
During the pandemic, plant based bread market witnessed downfall in the sales, owing to disruption in raw material supply, limited distribution channel and altered consumer’s buying behavior. Initially, it is observed that plant based products were remained on the shelf while essentials getting sold out, owing to consumer’s mindful decision on purchasing essentials. This has impacted the plant based bread demand significantly, especially in the first quarter of 2020.
Later, consumers started focusing on plant based food in order to improve the immunity for instance, The World Health Organization (WHO) advices people to eat balanced diet, to strengthen the immune system especially including vegetables and whole grains.
Additionally, companies started investing in retail sector and changed business strategies due to COVID-19 outbreak. For instance, SIMPLE KNEADS, FOOD FOR LIFE and others started offering discount on plant based breads to increase customer base, while expanding stores. Extensive progress in plant based breads demand across the globe is anticipated to normalize the adverse impact of COVID-19 in the coming years.
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