The Packaged Croissant Market will register a CAGR of more than 4% by 2023
LONDON, Dec. 27, 2018 /PRNewswire/ -- About this market
The global packaged croissants market is witnessing increasing prominence of private label brands. These products are manufactured and sold by retailers. The major global retailers are introducing their brand of packaged croissants. Technavio's analysts have predicted that the packaged croissant market will register a CAGR of more than 4% by 2023.
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Market Overview
New product launches
A growth driver for the global packaged croissant market is the increasing product launches by market players. Successful new product launches will help in increasing the revenue flow, and thereby boosting the market share of the players.
Product recalls
Most manufacturers purchase raw materials from third party suppliers. The improper handling of these raw materials or supplies can adversely affect the safety and quality of finished products. Food regulatory and compliance authorities in any country can shut down a business and ask for product recall if the products pose a threat to the wellbeing of consumers.
For the detailed list of factors that will drive and challenge the growth of the packaged croissant market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several companies including Bauli and Chipita the competitive environment is quite intense. Factors such as the increasing prominence of private label brands and the increasing product launches, will provide considerable growth opportunities to packaged croissant manufactures. Bauli, Chipita, Grupo Bimbo, Lantmannen, and McCain Foods are some of the major companies covered in this report.
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SOURCE ReportBuyer
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