Global Flat Breads Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Flat Breads Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A flatbread is prepared with flour, water, and salt and exists in various cultures throughout the world. The thickness of the bread can range from a few millimeters to a few centimeters.

Market Overview:

The latest research study on the global Flat Breads market finds that the global Flat Breads market reached a value of USD 1977.81 million in 2022. It’s expected that the market will achieve USD 2177.47 million by 2028, exhibiting a CAGR of 1.62% during the forecast period.

Drivers

The rapidly growing population is the major factor driving the market. The consumption rate of flatbreads in these countries is also increasing year by year. The consumption rate in 2016 was 521109.3 metric ton and is expected to reach 583622.8 metric ton. The disposable income of the population is also increasing year to year. Disposable Personal Income in Bangladesh was 65339.96 BDT THO in 2019, which was 58442 BDT THO in 2016. And India is set to surpass China as the world’s most populous country by 2027, according to recent United Nations projections. The country now has 1.39 billion people — second only to China’s 1.4 billion — and is expected to add another 230 million by 2050.

Limitations

The gross margin of flatbreads is around 28.28%, which is highly correlated with changes in raw material costs. Direct materials such as flour and other major raw materials account for more than 80% of the manufacturing costs, thus changes in gross margin of flatbreads are highly correlated with changes in upstream raw material costs.

Flatbread is an integral part of the South Asia diet. A majority of them are made at home with a very limited shelf-life. The growth of flatbread industry also brings its own challenges and the most important of them being increasing sufficient capacity to meet the new age demands. For example, to meet the demand for healthier food, bakery store or shop need to invest in making the facilities more hygienic and also hiring new people with knowledge of such products.

Region Overview:

India had the highest growth rate of all regions.

Company Overview

Signature International Foods is one of the major players operating in the Flat Breads market, holding a share of 4.26% in 2021.

Signature International Foods is a flatbread producer in India with large capacity lines that can produce a range of authentic Indian breads including chapattis, parathas, rotis, kulchas and naans and international flatbreads including tortillas, pizza bases and pittas.

Spencer’s is India’s omnichannel retailer operating primarily in the food and grocery segment and providing the widest range and assortment of products in fresh fruits and vegetables, bread, dairy,

FMCG, personal care, organic, specialty food and other utility products.

Segmentation Overview:

By type, Chapati segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Retail segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Flat Breads market covered in Chapter 3:

Harvest Gold
Spencers
Starkiss Food Corp
MTR
Finagle Lanka
Haldiram's
Miraj paratha
Kitty and Bonn
Sumeru
Kawan Food
V Delicious Frozen Foods
Switz
Signature International Foods
Vadilal Group
ID Fresh Food
Galaxy cloud kitchens
El-Alimentos
Conagra Brands, Inc.
Kontos Foods Inc.
Malikarjuna Ready Foods Pvt. Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the Flat Breads market from 2018 to 2029 is primarily split into:

Roti
Paratha
Chapati
Thepla
Naan
Puri
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Flat Breads market from 2018 to 2029 covers:

Retail
HORECA
Offices
Railways
Airlines
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)