Sourdough Market Poised for Significant Growth During 2024 to 2030 due to Rising health consciousness
The sourdough market is anticipated to witness high growth owing to rising health consciousness among consumers. Sourdough is a type of bread fermented with naturally occurring yeast and bacteria. It is made by topping a dough with sourdough starter or leaven, which is made of flour and water fermented by wild yeast and lactic acid bacteria. Sourdough bread is easy to digest and provides various health benefits such as improved glucose regulation, increased mineral absorption, and strengthened gut health. The growing demand for fresh, healthy, and preservative-free food products is propelling the demand for sourdough bread across the globe.
The
global sourdough market is estimated to be valued at US$ 4.04 Bn in 2024 and is
expected to exhibit a CAGR of 15%
over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the sourdough market are Harris Corporation,
Airbus Defense and Space, Boeing, Geooptics Inc., Lockheed Martin Corporation,
Millennium Space Systems Inc., Northrop Grumman Corporation, OHB AG, OneWeb
Ltd, Planet Labs Inc., Sierra Nevada Corporation, Singapore Technologies
Engineering Limited, Space Exploration Technologies Corp. (Space X), Surrey
Satellite Technology Ltd., and Thales Alenia Space. These players are adopting
various organic and inorganic growth strategies such as new product launches,
mergers & acquisitions, and collaboration & partnerships to strengthen
their market presence.
The key opportunities in the sourdough
market size include growing popularity of artisanal breads and rising
prominence of online retail channels. Sourdough offers immense growth potential
owing to health and wellness trend and increasing consumer preference for
natural and organic food ingredients. Furthermore, expanding into developing
markets of Asia Pacific and Latin America presents significant scope for global
expansion in the sourdough industry.
Market drivers and restrain:
Rising health consciousness is the major market driver as sourdough bread
aids in improving gut and heart health. Increasing preference for
preservative-free and all-natural food products further propels the demand.
However, high production costs and limited shelf life of sourdough pose
challenge to market growth. Availability of substitutes also acts as a key
market restrain.
Segment Analysis
The sourdough market consists of various sub-segments such as bread, pizza,
cookies and other products. The bread segment dominates the overall market as
sourdough bread is considered to have better texture, flavor and is easily
digestible compared to breads made with instant yeast or fast-rising yeast.
Consumers prefer sourdough bread as it is made with natural fermentation
process using sourdough starter or natural yeast, making it a healthier option.
The rising awareness about the health benefits of sourdough bread such as
improving gut health is a major factor contributing to the large share of the
bread segment.
Global Analysis
Regionally, Europe dominates the sourdough market currently due to the high
consumption of sourdough bread and products in countries like Germany, France,
Italy and others. The tradition of consuming sourdough bread on a regular basis
is deeply ingrained in the food culture of various European countries. However,
North America is emerging as the fastest growing regional market attributed to
increasing vegan and gluten-free food trends. Rising health consciousness
coupled with growing popularity of artisanal bakeries are driving the demand for
sourdough bread and other products in the US and Canada. Similarly, countries
like Brazil, Argentina and Chile in Latin America are witnessing significant
growth due rising awareness about the numerous health advantages of sourdough.
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