The Bahraini bakery products market is expected to register a CAGR of 5.8% during the forecast period of 20182023. Bahrain is a highly competitive, young, and fastgrowing nation, and the business environment for the bakery industry is anticipated to grow over the forecast period.
Growing Demand for Bakery Products Major Driver
The increased consumption of bakery products across the Middle Eastern countries is expected to drive the consumption rate of healthy bakery products in Bahrain as well, during the forecast period. The Bahraini bakery sector does not require a huge capital for the production. However, the import of raw materials is a constraint that could lower the margins. The highest share of the bakery products can be attributed to the increase in the consumption of packed goods, such as readytoeat cakes and cookies.
The technological advancements in agriculture can make the bakery industry selfsufficient, in terms of raw materials like wheat and sugar, thus reducing the dependence on imports.
Hypermarkets Likely to Register the Highest CAGR during the Forecast Period
By product type, the Bahraini bakery product market can be segmented into bread rolls, biscuits, cakes, pastries puffs, breakfast cereals, and other products. The market was led by the breads rolls segment, followed by other products, and the breakfast cereals segment is likely to register a CAGR of 6.4% during the forecast period. By distribution channel, the hypermarket segment is anticipated to register the highest CAGR of 6.3% during the forecast period.
MAJOR PLAYERS: MONDELEZ INTERNATIONAL INC., KELLOGG CO., PEPSICO INC., ALMARAI CO. LTD, AMERICANA GROUP, KOREAN BAKERIES WLL, NAFEES BAKERS, DELBA BACKBETRIEB, BAKEMART LLC and MAGNOLIA BAKERY, amongst others.
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