Grasp the Bakery Market Potential in the Upcoming 5 years!
GIA announces the release of a comprehensive global report on Bakery Products markets. The global Bakery Products market is forecast to reach US$485 billion by the year 2020, driven by new consumer preferences for conveniently portioned and easy-to-consume bakery goods. (2015)
Future market growth primarily will be derived from the emerging markets of Asia-Pacific, Latin America, Eastern Europe and the Middle East.
Developing markets offer higher potential for greater market penetration, and rise in per capita consumption.
Why Asia-Pacific Market?
The Asia-Pacific market is taking the lead in long-term growth potential, expanding at the highest compound annual growth rate of 6% through 2017. It is also expected to remain the most dynamic region for baked goods and biscuits, with value sales set to reach USD68.3 billion and US$25.7million, accounting 14% and 41% of the global volume sales respectively, by 2017.
Southeast Asian countries offer “robust business prospects” for bread manufacturers, particularly Hong Kong, China and Malaysia, which are experiencing a bread boom. (GIA)
Why International Bakery Expo at Hong Kong?
Hong Kong is strategically located in Southern China and its modern and efficient port terminal and free port status make it an attractive destination for tourism and business.
"Hong Kong as the Asia hub for International Gathering Location" - Hong Kong has been ranked the World's Freest Economy by the Heritage Foundation for the 22nd consecutive year since the index was first published in 1995. (The Heritage Foundation www.heritage.org)