Muffins market to grow at a CAGR of 4.04% from 2022 to 2027, Increasing trend of savory muffins to be a key trend - Technavio

NEW YORK, April 24, 2023 /PRNewswire/ -- Technavio has been monitoring the muffins market, and it is expected to grow by USD 1,675.49 million during the five-year forecast period. As per the latest report, the market will progress at a CAGR of 4.04% during 2022-2027. This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. The increasing trend of savory muffins is a key trend in the market. The tastes and preferences of consumers are changing. Vendors are developing muffins with different types of seasonings, garnishing, and additives, with advances in bakery food processing techniques and flavors. The trend of savory snacks is increasing. Therefore, apart from traditional sweet fillings, savory fillings such as cheese, parsley, and meat are also becoming common ingredients in muffins. Therefore, the availability of different flavors of muffins is expected to support market growth during the forecast period. Download the latest sample report!

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alpha Baking Co. Inc., Aryzta AG, Associated British Foods Plc, BAB Systems Inc., Bakeline Snc, Britannia Industries Ltd., Corporativo Bimbo SA de CV, EDEKA ZENTRALE Stiftung and Co. KG, Einstein Noah Restaurant Group Inc., FlapJacked, Flowers Foods Inc., GrainCorp Ltd., McCain Foods Ltd., McKee Foods, Mondelez International Inc., Prager Brothers Artisan Breads, Promise Gluten Free, Sprightlite Foods Pvt. Ltd., The Hershey Co., and Warburtons Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The growing demand for portion-snacking products is driving market growth. The popularity of muffins has increased in recent years, as consumers prefer convenient, single-serving snacks. Health-conscious consumers are looking for products in small serving sizes. They are also paying attention to the nutritional value of products. Therefore, producers are introducing new products with smaller serving sizes. These factors will boost the market growth during the forecast period.

Muffins market 2023-2027: Segmentation

• Distribution channel 
• Offline
• Online
• Product 
• Artisanal muffins
• Packaged muffins
• Geography 
• North America
• Europe
• APAC
• South America
• Middle East and Africa

The offline segment will account for a significant share of market growth during the forecast period. This segment includes department stores, supermarkets, hypermarkets, convenience stores, and coffee shops. Sales through this segment are driven by the growing retail industry and the proliferation of retail locations. In the organized retail sector, vendors operate based on factors such as geographical presence, ease of production, inventory management, and transportation of goods. These factors will drive the growth of the offline segment during the forecast period.

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Muffins market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our muffins market report covers the following areas:

• Muffins market size
• Muffins market trends
• Muffins market industry analysis
• Muffins market five forces analysis
• Muffins market competitive landscape

Inflated costs and the availability of substitute snacks in emerging economies are challenging market growth. Vendors price their products based on factors such as consumer spending power. However, the increasing prices of muffins have a ripple effect on production costs and overall sales. Vendors are unable to take advantage of economies of scale and scope. Moreover, muffins are more expensive than street foods and locally produced snacks. These factors are expected to impede global market growth during the forecast period.

Muffins market 2023-2027: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the muffins market. Backed with competitive intelligence and benchmarking, our research reports on the muffins market are designed to provide entry support, customer profile, and M&As, as well as go-to-market strategy support. The key offerings of some of the vendors are listed below:

• Alpha Baking Co. Inc. - The company offers muffins such as white wheat blueberry muffins.
• Aryzta AG - The company offers muffins, such as premium muffins.
• Associated British Foods Plc - The company offers muffins such as Kingsmill breakfast muffins.
• Britannia Industries Ltd. - The company offers muffins such as Choco Muffills.

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Muffins market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist muffins market growth during the next five years
• Estimation of the muffins market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the muffins market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of muffins market vendors

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Table of Contents :

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global muffins market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global muffins market 2017 - 2021 ($ million)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 42: Market opportunity by Distribution Channel ($ million)
• Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Product

• 7.1 Market segments
• Exhibit 44: Chart on Product - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 46: Chart on Comparison by Product
• Exhibit 47: Data Table on Comparison by Product

• 7.3 Artisanal muffins - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Artisanal muffins - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Artisanal muffins - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Artisanal muffins - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Artisanal muffins - Year-over-year growth 2022-2027 (%)

• 7.4 Packaged muffins - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Packaged muffins - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Packaged muffins - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Packaged muffins - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Packaged muffins - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Product 
• Exhibit 56: Market opportunity by Product ($ million)
• Exhibit 57: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027 
• Exhibit 99: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Alpha Baking Co. Inc. 
• Exhibit 111: Alpha Baking Co. Inc. - Overview
• Exhibit 112: Alpha Baking Co. Inc. - Product / Service
• Exhibit 113: Alpha Baking Co. Inc. - Key offerings

• 12.4 Aryzta AG
• Exhibit 114: Aryzta AG - Overview
• Exhibit 115: Aryzta AG - Business segments
• Exhibit 116: Aryzta AG - Key offerings
• Exhibit 117: Aryzta AG - Segment focus

• 12.5 Associated British Foods Plc 
• Exhibit 118: Associated British Foods Plc - Overview
• Exhibit 119: Associated British Foods Plc - Business segments
• Exhibit 120: Associated British Foods Plc - Key offerings
• Exhibit 121: Associated British Foods Plc - Segment focus

• 12.6 BAB Systems Inc. 
• Exhibit 122: BAB Systems Inc. - Overview
• Exhibit 123: BAB Systems Inc. - Product / Service
• Exhibit 124: BAB Systems Inc. - Key offerings

• 12.7 Britannia Industries Ltd. 
• Exhibit 125: Britannia Industries Ltd. - Overview
• Exhibit 126: Britannia Industries Ltd. - Product / Service
• Exhibit 127: Britannia Industries Ltd. - Key offerings

• 12.8 Corporativo Bimbo SA de CV 
• Exhibit 128: Corporativo Bimbo SA de CV - Overview
• Exhibit 129: Corporativo Bimbo SA de CV - Business segments
• Exhibit 130: Corporativo Bimbo SA de CV - Key news
• Exhibit 131: Corporativo Bimbo SA de CV - Key offerings
• Exhibit 132: Corporativo Bimbo SA de CV - Segment focus

• 12.9 Einstein Noah Restaurant Group Inc. 
• Exhibit 133: Einstein Noah Restaurant Group Inc. - Overview
• Exhibit 134: Einstein Noah Restaurant Group Inc. - Product / Service
• Exhibit 135: Einstein Noah Restaurant Group Inc. - Key offerings

• 12.10 Flowers Foods Inc.
• Exhibit 136: Flowers Foods Inc. - Overview
• Exhibit 137: Flowers Foods Inc. - Product / Service
• Exhibit 138: Flowers Foods Inc. - Key offerings

• 12.11 McCain Foods Ltd.
• Exhibit 139: McCain Foods Ltd. - Overview
• Exhibit 140: McCain Foods Ltd. - Product / Service
• Exhibit 141: McCain Foods Ltd. - Key offerings

• 12.12 McKee Foods
• Exhibit 142: McKee Foods - Overview
• Exhibit 143: McKee Foods - Product / Service
• Exhibit 144: McKee Foods - Key offerings

• 12.13 Mondelez International Inc. 
• Exhibit 145: Mondelez International Inc. - Overview
• Exhibit 146: Mondelez International Inc. - Business segments
• Exhibit 147: Mondelez International Inc. - Key news
• Exhibit 148: Mondelez International Inc. - Key offerings
• Exhibit 149: Mondelez International Inc. - Segment focus

• 12.14 Promise Gluten Free
• Exhibit 150: Promise Gluten Free - Overview
• Exhibit 151: Promise Gluten Free - Product / Service
• Exhibit 152: Promise Gluten Free - Key offerings

• 12.15 Sprightlite Foods Pvt. Ltd. 
• Exhibit 153: Sprightlite Foods Pvt. Ltd. - Overview
• Exhibit 154: Sprightlite Foods Pvt. Ltd. - Product / Service
• Exhibit 155: Sprightlite Foods Pvt. Ltd. - Key offerings

• 12.16 The Hershey Co.
• Exhibit 156: The Hershey Co. - Overview
• Exhibit 157: The Hershey Co. - Business segments
• Exhibit 158: The Hershey Co. - Key news
• Exhibit 159: The Hershey Co. - Key offerings
• Exhibit 160: The Hershey Co. - Segment focus

• 12.17 Warburtons Ltd.
• Exhibit 161: Warburtons Ltd. - Overview
• Exhibit 162: Warburtons Ltd. - Product / Service
• Exhibit 163: Warburtons Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations 
• Exhibit 170: List of abbreviations

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