According to a new report, published by KBV research, The Global Sourdough Market size is expected to reach $4.2 billion by 2030, rising at a market growth of 8.6% CAGR during the forecast period. In the year 2022, the market attained a volume of 249.4 kilo tonnes, experiencing a growth of 6.5% (2019-2022).
The Type I segment is leading the Global Sourdough Market by Type in 2022 thereby, achieving a market value of $1.7 billion by 2030. Type I sourdough is a flour and water mixture that spontaneously metabolizes with wild strains and spreads continuously through back-slopping. The more flexible starter strains gradually take control of the complex biological ecosystems. The manufacture of steamed bread using type I sourdough has gained increased demand because of its taste and flavor.
The Cakes & Pastries segment is experiencing a CAGR of 8.4% during (2023 - 2030). For health-conscious consumers, sourdough cakes offer a healthier option than regular cakes. Customers looking for new and distinctive flavors are drawn to sourdough's distinct tangy flavor and moist texture, which improves the taste experience. As consumers prioritized high-quality, handcrafted goods, the inclusion of sourdough cakes with artisanal and gourmet offers increased their attractiveness. The demand for sourdough cakes is influenced by rising consumer awareness of sourdough's special qualities and health benefits.
The Wheat segment acquired maximum revenue share in the Global Sourdough Market by Ingredients in 2022; thereby, achieving a market value of $2.3 billion by 2030. Compared to white bread, whole wheat has higher protein. Protein helps consumers feel satisfied for longer by slowing their metabolism and extending hunger. Protein is also necessary for the body's capacity to develop and maintain muscular mass and provide energy throughout the day. Nearly all the vitamins, minerals, and other healthy fibers are present in wheat bread.
The Europe region dominated the Global Sourdough Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.5 billion by 2030. The North America region is anticipated to grow at a CAGR of 7.9% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 9.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/sourdough-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Skillz, Inc., Junglee Games (Flutter Entertainment plc), Big Fish Games, Inc. (Aristocrat Leisure Limited), Arkadium, Inc., AviaGames, Inc., Mobile Premier League (Galactus Funware Technology Pvt. Ltd), Scopely, Inc. (Savvy Games Group), Dream11 (Sporta Technologies Private Limited), Triumph LLC and Game Taco, Inc. (Platinum Equity Advisors, LLC.)
By Type (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Ingredients (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Million, 2019-2030)
Companies Profiled