The study includes detailed market analysis of sourdough market encompassing its macro and micro-markets
It covers market segmentation by starter culture type, ingredient type and application
It helps in identifying region-wise major suppliers and understand consumption patterns
The report will provide useful and premium insights that will support in investments for sourdough and allied companies providing details on the fast growing segments and regions
Global Sourdough Market – Overview
Global sourdough market is expected to grow at a swift pace owing to several nutritional benefits of the product. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Sourdough Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.
Sourdough breaks down gluten into amino acids which makes it easier to digest and suitable for people with gluten sensitivity, thereby fuelling the demand for the product. In addition, sourdough based products such as bread are highly nutritious, especially they are rich in vitamin B and C after going through fermentation process. The fermentation process reduces sugar level as well, making it easier for blood sugar level. Sourdough also neutralizes the anti-nutrients allowing better absorption of minerals.
Furthermore, growing demand for fast food products such as pizza, pastry as well as increasing urbanization are accelerating the demand for the product in both developed and emerging economies. Sourdough enhances flavor and texture as well as strengthen the shelf life of the product. It can be used for variety of baked products and also can be used in various forms, for instance, dried powders and starter cultures.
Additionally, the growing popularity of e-commerce have spiked the revenue generation for industry players. They are providing various product offerings in various price segments through their own online shopping portals apart from third party portals.
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Latest Industry Updates
Dec 2017 Puratos invested approximately USD 24.7 million for launching new production unit for natural sourdough. The unit forms part of the group’s bio-fermentation centre. Through this unit launch, the company aims to accurately reproduce traditional baker’s method of preparing sourdough cultures on an industrial scale
Oct 2017 Puratos launchedthree new sourdough flavors, namely Sapore Adelia, Sapore Oracolo, and Softgrain Amber Grain Organic, which are based on natural fermentation. The company pumped investment to expand its capacity and capabilities into its sourdough facility in Pennsauken, NJ. Through this launch the company aims to strengthen its sourdough product portfolio.
Aug 2017 Artisan bakery received approval for homes scheme allowing the company to expand its sourdough business unit. Though this expansion, the company is expected to raisesales revenue by USD 23.4 million over the next five years and create new jobs.
Jul 2017 The Bertinet Bakery launched new sourdough loaf in order to capitalize on the growing sourdough product market. The bread has been released at 80 different Waitrose stores in UK. The product is baked in tins and offers the same uses as standard bread without the additives.
Oct 2016 Brumby launched its new sourdough range. Though this launch, the company aims to expand its sourdough business
Global Sourdough Market – Competitive Analysis
Sourdough market is highly fragmented owing to the presence of large number of players. Major players are following both organic and inorganic strategy to stay ahead in the competition. For instance, Puratos expanded its natural dough production units manufacture sourdough products based on traditional baker’s methods. Furthermore, the company introduced newer flavors to cater to various needs of the customers and strengthen its market position. In order to further boost revenue prospects, it is important for market players to invest significantly in research and development to introduce novel products to cater swiftly changing customers’ preferences. Also, expanding business in emerging economies of Asia-Pacific would provide growth opportunities for the companies.
The key players profiled in Sourdough are as Puratos (Belgium), Riverside Sourdough (UK), FISAG LIMITED (New Zealand), The Bread Factory (UK), Beldem Enzymes Plant (Belgium), Bread SRSLY (USA), German Bakehouse Naock (Germany), Madisonsourdough (U.S.), Sonoma (Australia), Ameliasbread (U.S.), Boudin SF (U.S.), Trueloaf (U.S.), Artisan Bakers (U.S.)
Global Sourdough Market – Segments
The global Sourdough market has been divided into starter culture, ingredients, application, and region.
On The Basis Of Starter Culture: Type I (Lactobacillus sanfranciscensis), Type II (Saccharomyces cerevisiae), Type III (Pediococcus pentosaceus, Lactobacillus plantarum, L. brevis)
On The Basis Of Ingredients: Whole-wheat, Rye, Oats, Barley, Others
On The Basis Of Application: Bread, Pizza, Buns, Cakes, Cookies, Waffles & Pancakes, Others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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Global Sourdough Market – Regional Analysis
The global Sourdough market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global sourdough market is highly dominated by North America and Europe. The growing popularity of sourdough in European countries such as Germany, England, and Italy has strengthen the market position in Europe. APAC market is expected to grow at a swift pace owing to changing lifestyle and shift in consumer preferences. Furthermore, inclination of Asian consumers towards western foods such as pizza has also given impetus to the growth of sourdough market.
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