The global Sourdough Market is estimated to be valued at US$ 3.5 Bn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Sourdough is a type of fermented bread that uses naturally occurring yeasts and lactobacilli instead of commercial yeast. It is known for its signature tangy flavor and easy digestibility. The use of sourdough bread is growing in popularity due to various health benefits associated with it such as improved gut health, higher nutritional value and enhanced shelf life.
Market key trends:
One of the major trends driving the sourdough market growth is the rising popularity of artisanal breads. Artisanal breads made using traditional methods like sourdough are gaining traction among health-conscious consumers who prefer simple ingredients over processed foods. Another factor fueling the demand is increasing experimentation with different grain varieties and sourdough starter cultures by bakeries to produce unique breads and expand their product portfolio. This is attracting more customers and positively impacting the market revenues.
Segment Analysis
The global sourdough market is segmented by type into conventional sourdough and organic sourdough. The conventional sourdough segment dominates the market and accounts for around 75% market share. The large share of this segment can be attributed to lower prices of conventional sourdough as compared to organic sourdough. However, organic sourdough segment is expected to witness fastest growth during the forecast period due to rising health awareness among consumers regarding the benefits of organic food products.
Key Takeaways
The global Sourdough Market Share is expected to witness high growth, exhibiting CAGR of 9.0% over the forecast period, due to increasing demand for naturally fermented bakery products.
Regional analysis:
Europe dominates the global sourdough market with over 40% market share. This is mainly due to high consumption of sourdough bread and related products in countries like Germany, France and Italy. North America is expected to be the fastest growing region owing to rising health consciousness among consumers in the US and Canada.
Key players:
Key players operating in the sourdough market are Puratos Group, IREKS Group, Lallemand Inc., Lesaffre International Corporation, and Philibert Savours SAS. Puratos Group and IREKS Group collectively account for over 30% of global sourdough market share.
The global sourdough market size was valued at US$ 3.5 billion in 2023. Rapid urbanization along with changing food habits of people is expected to propel market growth during the forecast period.
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https://www.insightprobing.com/sourdough-market-trends-size-and-share-analysis/
