BAGEL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
The global bagel market is estimated to be valued at USD 5.99 Bn in 2024. The market is expected to reach USD 8.45 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5% from 2024 to 2031. Bagels originated as a traditional bread in Poland and later gained widespread popularity in the U.S. and other Western nations. A bagel is a bread product that is boiled before baking. This provides a chewier texture and shine to the surface of the bread. Bagels have risen in demand owing to their portability, long shelf life, and versatile nature that allows them to be consumed as a snack or part of a meal replacement. Rising health consciousness and preference for on-the-go breakfast options have further propelled the bagel market. Leading supermarket chains such as Walmart (U.S. and Canada) stock a variety of traditional and flavored bagels to cater to evolving consumer tastes. The market is expected to continue growing in the coming years driven by innovative product launches and expansion into untapped regional markets.
Market Dynamics
The global bagel market is driven by rising demand for convenient snack and breakfast foods. Busy lifestyles have increased the popularity of portable food items that can be easily consumed on the go. Bagels meet this demand well as they have a long shelf life and can be eaten plain or paired with various fillings as per preference. However, factors such as perceived unhealthy image and the labor intensiveness of the boiling and baking process inhibit the bagel market growth to some extent. Opportunities lie in innovation around healthy variants made with whole grains and organic ingredients to appeal to health-conscious consumers. Market players can also explore untapped regional markets in Asia Pacific and Latin America with strategic marketing and product localization initiatives.
Key Features of the Study
- This report provides in-depth analysis of the global bagel market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global bagel market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Einstein Bros. Bagels, Bruegger's Enterprises, Inc. (Bruegger's Bagels), Lender's Bagels (Pinnacle Foods, Inc.), H&H Bagels, LLC, Bimbo Bakeries USA, Inc., Manhattan Bagel Company, Inc., New York Bagel, The Great American Bagel, Bruegger's Bagels, 4C Foods Corp., and Alvarado Street Bakery
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global bagel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bagel market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Bagel Market' - Global forecast to 2031
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