For the global bakery industry, the outlook is very positive looking forward to 2025. Steady growth is forecast across the board, with the total market area achieving a CAGR of 2.6% in production by 2025. Increasing disposable income, growing urbanization and the rising trade market are keys factors driving the sector, along with a growing consumer demand for convenient products.
Manufacturers are facing high demand as a result, and the thirst for choice by consumers is challenging companies to deliver a range of products that will satisfy that demand, often resulting in production schedules being stretched. In addition, the regulatory landscape continues to broaden, with the Food Safety Modernization Act (FSMA) coming into force in the US, for example, and a growing shift away from the traditional Hazard Analysis and Critical Controls (HACCP) approach to ensuring food safety to that of Hazard Analysis and Risk-Based Preventive Controls (HARPC).