Sourdough Market Research Report Information By Product Type (Type I, Type II, And Type III), By Form (Dry, and Liquid), By Source (Wheat, Rye, Oats, and Barley), By Category (Organic, and Regular), By Application (Bread Products, Pizza & Pizza Crust, Cakes & Pies, and Others), By Distribution Channel (Store-Based and Non-Store-Based) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) – Industry Forecast Till 2032
In 2023, the sourdough market was estimated to be worth USD 2,833.65 million. The Sourdough industry is anticipated to experience a compound annual growth rate (CAGR) of 10.27% during the forecast period, increasing from USD 3,156.39 Million in 2024 to USD 6,900.13 Million in 2032.
Veganism is a lifestyle that prohibits the consumption of animal-based food and non-food products in all aspects of life. People tend to favor products that are produced using plant-based sources and materials, as they are more environmentally friendly and beneficial to animal welfare.
Owing to the increasing recognition of the significance of health and wellness, there has been a consistent increase in the number of health-conscious consumers over the years. People are acknowledging the necessity of taking proactive measures to preserve their health in light of the increasing prevalence of chronic diseases, including diabetes, obesity, and heart disease. The availability of health information is another factor that contributes to the trend. People have access to a vast quantity of information about nutrition, fitness, and wellness due to the internet and social media. This has resulted in a heightened understanding of the influence of lifestyle and dietary decisions on health. The Pew Research Center, a nonpartisan think tank survey, has revealed that approximately 72% of the US population believes that the adoption of healthy eating habits is a critical factor in leading a healthy and long-lived life. Additionally, a consumer behavior analysis conducted by MRFR in European countries has shown that approximately 64% of consumers are concentrating on the impact of food on health and wellness.
Market SegmentationThe Sourdough Market segmentation, based on product type, includes type I, type II, and type III.
The market is categorized as either dry or liquid based on its form. Wheat, rye, oats, and barley comprise the market segmentation, which is determined by the source.
The Sourdough Market segmentation is divided into two categories: store-based and non-store-based, as determined by distribution channels. Organic and regular comprise the market segmentation, which is determined by category.
Regional PerspectivesThe Sourdough market in Europe is anticipated to grow at a compound annual growth rate (CAGR) of 9.95% due to the growing demand for bakery products. In 2022, it accounted for the largest market share at 41.70%. The sourdough industry in North America is undergoing substantial development and transformation as a result of the changing preferences of consumers. Europe, a significant participant in the global Sourdough industry, has experienced a significant increase in the production and consumption of a variety of sourdough products. Additionally, the UK Sourdough industry was the fastest-growing market in the Europe region, and the UK Sourdough market held the highest market share.
From 2022 to 2032, the Sourdough market in North America is anticipated to expand at a compound annual growth rate (CAGR) of 11.04%. The sourdough market in North America is examined in the United States, Canada, and Mexico. The sourdough industry in North America is anticipated to expand as a result of the increasing demand for artisanal and flavorful bread options among consumers. Sourdough has become a staple in the culinary topography of the region due to its unique tangy flavor and textured crust.
The Asia-Pacific Sourdough market is a dynamic and expanding sector that is being studied in China, India, Japan, Australia and New Zealand, and the rest of the Asia-Pacific. Despite its profound roots in Western baking traditions, sourdough has made significant inroads into the Asian-Pacific market, captivating the palates of consumers who appreciate the subtleties of naturally fermented bread.
Major PlayersPuratos (Belgium), IREKS GmbH (Germany), Lesaffre (France), BÖCKER (Germany), The Acme Bread Company (USA), BOUDIN BAKERY (USA), Truckee Sourdough Company (USA), Alpha Baking Company, Inc. (USA), Mount Sourdough Co. (New Zealand), and Bread SRSLY (USA) are among the key companies in the sourdough market.