According to a new report, titled, “Flatbread Market Insights, Trends, Opportunity & Forecast, 2022–2027,” Flatbread market size is anticipated to at a witness single digit growth during forecast period i.e. 2022-2027.
In 2020, bakery consumption in Europe decreased by 7%. Packaged goods should expand by over 6% in 2020 compared to 2019, whereas fresh food consumption could drop by 11% or more, depending on the scale of COVID-19’s second wave. The COVID-19 outbreak has had an impact on bread product supply plans as well. During the lockdown, bake-off usage surged at the expense of scratch baking on the premises, which faced labour shortages and additional sanitary restrictions. Due to the difficulty of securing regular supplies, fresh bakery product deliveries (for resale) have dropped during the lockdown. However, in other nations, new potential for industrial fresh products have emerged. Due to the lockdown, sales of non-edible products such as disinfectants, toilet paper, paper goods, and hand sanitizer were in high demand at the start of 2020, while sales of edible products such as bakery, meat products, and many others were up to par, as the supply of bakery was insufficient due to a labour shortage.
The global Flatbread market is predicted to develop due to the use of Flatbread in paints, plating chemicals, and catalysts. Furthermore, alloys, catalysts, pigments, magnets, and soaps all need cobalt carbonate. It’s utilized as a dietary supplement because it’s a necessary component for good health. Flatbread is also frequently utilized as a cathode material in batteries, cars, and electronic gadgets. Due to the alloy’s excellent heat resistant qualities, it’s also employed in the repair of alloys used in jet engines.
Over the last 18 months, almost every industry on the planet has suffered a setback. This is due to major disruptions in their manufacturing and supply-chain operations as a result of numerous precautionary lockdowns and other restrictions imposed by governments around the world. The global Flatbread market is no exception. Furthermore, consumer demand has decreased as people have been more focused on removing non-essential expenses from their budgets as the general economic situation of most people has been badly impacted by the outbreak. The revenue trajectory of the worldwide Flatbread market is likely to be hampered by the aforementioned factors throughout the forecast period. The global Flatbread market, on the other hand, is predicted to rebound as separate regulatory bodies begin to relax these imposed restrictions.
The report investigates North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa in terms of geography. With growing demand in emerging economies such as India and China, the Asia-Pacific region has the greatest proportion of the Flatbread market. Due to its rising applications in the vehicle sector, Europe is a close second. In the foreseeable future, North American and Latin American markets are expected to see significant expansion.
Global Flatbread market analysed across different geographies i.e. North America (U.S. & Canada), Europe (Germany, United Kingdom, Italy, Spain, Russia, France and Rest of Europe), Asia Pacific (China, India, Japan, Indonesia, Taiwan, South Korea, Australia, New Zealand), Latin America (Brazil, Mexico, Argentina) & Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa).
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By Product type, By Distribution channel
Companies Profiled in Report
Some of the key players major Flatbread market companies profiled in the report include:
American Flatbread Company Inc., California Lavash, Conagra Brands, Inc., Kronos, Signature Flatbreads Ltd, Stonefire, Evron foods Ltd, GRUMA, S.A.B. DE C.V, Klosterman Baking Company and Kontos Foods Inc.
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