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Latest report on Bakery Products Market (2015) has reviewed and forecasted the global market volume terms will reach USD485 Billion by the year 2020 and in particularly the Asia-Pacific market is projected to take the lead in long-term growth potential, expanding at the highest compound annual growth rate of 6% through 2017. (Source: GIA)
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|16 May 2016||Newsletter: Increasing global demand for bakery products|
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|16 Dec 2015||Post-show Release - Hong Kong International Bakery Expo (IBE) 2015 continued the heat and gathered visitors from over 39 regions!|
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“The global market for Bakery Products is projected to exceed US$485 billion by 2020. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.7%.”
“In the past few years, an increase in population and urbanization has been witnessed in Asia, especially in countries such as India and China.This has affected the purchasing rate.”
“Growth in the global market is driven by Asian markets, such as China, where western-style bakery is becoming a wider part of the diet.”
“Rapid urbanization and rising demand for convenient and gluten-free foods foods has been tipped to drive more than $3bn growth in the Asia-Pacific (APAC) bread and rolls market between 2016 and 2020."
“Chinese bakery and cereals market will become the second most valuable market by 2018.
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