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Breadcrumbs Market Size

  • Report ID: GMI6903
  • Published Date: Oct 2023
  • Report Format: PDF

Breadcrumbs Market Size

Breadcrumbs Market was valued at around USD 703.18 million in 2022 and is estimated to register a CAGR of 3.1% between 2023 and 2032. The industry has witnessed steady growth over the past few years, reflecting evolving consumer preferences and the increasing demand for convenience foods.

 

Breadcrumbs Market

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The surge in home cooking and baking, driven in part by the COVID-19 pandemic, has bolstered the demand for breadcrumbs as a staple ingredient in various recipes. Additionally, the growing awareness of health-conscious consumers has led to a shift towards whole grain and gluten-free breadcrumb options, prompting manufacturers to innovate and expand their product portfolios. The foodservice sector plays a crucial role in the breadcrumbs industry, with restaurants and fast-food chains utilizing breadcrumbs for coating and breading purposes. As the global foodservice industry recovers from the pandemic's impact, this segment is expected to drive substantial growth in the market.

 

Breadcrumbs are a convenient and versatile ingredient that can be used in a variety of dishes, such as breaded meats and seafood, stuffed vegetables, and baked goods. This is driving demand for breadcrumbs from both consumers and foodservice establishments. The increasing popularity of ethnic cuisines, such as Mexican, Italian, and Chinese, is also fueling the growth of the breadcrumbs market, as these cuisines often feature breaded and fried dishes. However, the prices of raw materials used to make breadcrumbs, such as wheat and bread, can fluctuate significantly. This can make it difficult for breadcrumb manufacturers to maintain consistent pricing and profitability.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

Market size for breadcrumbs was valued at around USD 703.18 million in 2022 and is estimated to reach USD 956.83 million by 203, owing to evolving consumer preferences and the increasing demand for convenience foods.

Dry breadcrumbs market segment was worth USD 309.26 million in 2022 and will have sustained demand for their versatility in recipes, including meatloaf, stuffing, and as a coating for fried foods.

Asia Pacific industry size for breadcrumbs was valued at USD 300.54 million in 2022 and is anticipated to expand at a significant pace from 2023-2032, owing to the versatility of breadcrumbs in creating crispy and textured coatings that align with the preferences of consumers across APAC.

Hearthside Food Solutions, Kikkoman Corporation, Gonnella Baking Company, DeLallo, 4C Foods, Vigo Foods, General Mills, Edward & Sons Trading Co., and Gillian’s Food among others.

Breadcrumbs Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 246
  • Countries covered: 21
  • Pages: 210
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