Growth in Snacks and Fine Bakery Market

Manufacturers of snacks and bakery products in the coming years will see growth in emerging markets such as the Asia – Pacific one.

Tuesday, August 28, 2012

This was revealed by the latest report "Bakery and Snacks - Market Assessment 2012", published by Packaging Machinery Manufacturers Institute, or PMMI.

A press release from Procomer states:

The study projected that there will be growth in sales of snacks in the United States between 2012 and 2015 of 4%, while globally it will be 7% per year, reaching $334 billion. It is also expected that overall sales of bakery products will grow by 4.5% annually, reaching $410 billion in 2015.

PMMI Paula Feldman noted that due to population and economic growth regions such as Asia - Pacific, Latin America and India have the best scenarios for future growth for both snacks and baked goods. According to this study the United States is the largest market in the field of snacks and Europe is where the most baked goods are sold.

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