The Bread and Bakery Market in the EU Has Recovered from the Pandemic but Runs into Growing Prices
Jul 20, 2021
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In 2020, the total bread and bakery market in the EU countries and in the UK slightly dropped to $88.7B due to lockdowns in the HoReCa segment. In the second half of 2020, demand began to rebound quickly, and in 2021, the output of bread and baked goods reached pre-pandemic levels. In the past six months, prices for bread slightly increased due to the rising costs of grains. In the mid-term, higher prices are forecast because of accelerated inflation for commodities globally. The gradual population growth in tandem with the growing desire for organic, wholegrain and gluten-free bread, as well as bread with immunity-boosting supplements, will drive the market in the medium term.