The global packaged croissant market size was worth around USD 8.9 Billion in 2022 and is predicted to grow to around USD 13.7 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2023 and 2030.
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➤ The market is expanding due to the increasing demand for convenience cuisine.
The processed food sector is driven by the convenience of packaged edible products, which draws consumers of all ages. International market transformation has been expedited by consumers’ preference for convenience foods and RTE foods. Compared to prepared foods, this cuisine necessitates less effort and preparation time, which is the primary factor driving the global packaged croissant market. Additionally, consumers’ increasing disposable income is another factor contributing to the market’s expansion. The demand for packaged croissants is expected to increase as a result of the World Bank’s projection that two-thirds of the global population will reside in metropolitan areas by 2050.
➤ The market expansion is impeded by adverse health effects.
Certain studies have suggested that the consumption of foods such as croissants, which are high in saturated fats, extensively processed, and low in complex carbohydrates, may be detrimental to heart health. Each croissant typically contains a substantial amount of saturated fat due to the use of butter in its preparation. For example, a medium ordinary croissant contains nearly 7 grams of saturated fat. Consequently, the packaged croissant market’s growth may be impeded during the forecasted period as a result of the potential adverse effects of ingesting an excessive amount of croissants on the heart.
➤ A lucrative opportunity is presented by the increasing disposable income of the population and the increasing number of product launches.
It is anticipated that the packaged croissant industry will experience growth during the forecast period as a result of the population’s increasing disposable income. For example, the United States disposable personal income increased by 0.5% from the previous month in February 2023, as indicated by the secondary analysis. Additionally, it is anticipated that the packaged croissants industry will have substantial market expansion opportunities as a result of the increasing number of product launches. Bridor, a French pastry producer, expanded its product line in June 2022 by introducing four new flavors of its Mini Filled Croissants. Bridor’s Mini Filled Croissants are an ideal choice for breakfast and on-the-go situations. The mini dimension is ideal for seminars, hotel breakfasts, and home sharing.
➤ Stringent food regulations and product recalls present a significant obstacle.
The packaged croissant market is anticipated to encounter a significant challenge in the form of product recalls that are the result of stringent regulations and product quality degradation during the forecast period.
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The Global Packaged Croissant Market is segmented based on product, application and region
Global Packaged Croissant Market: Product Segment Analysis
● Shelf-Stable
● Frozen Croissants
Global Packaged Croissant Market: Application Segment Analysis
● Online Retailers
● Convenience Stores
● Supermarkets
● Independent Retailers
● Hypermarkets
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The global Packaged Croissant market profiles key players such as:
● Bauli
● Lantmannen Unibake
● Le Bon Croissant
● General Mills
● Grupo Bimbo
● Upper Crust
● San Giorgio Dolce＆Salato
● Fresh Snack
● Vancouver Croissant
● Crozzo
● Mondelez International
● Rademaker
● French Bakery Co.
● Spanish Market d.o.o.
● Starbucks Coffee Company
???? Recent Developments:
• Britannia Industries, the largest bakery food manufacturer in India, introduced the Treat Croissant in August 2022, marking its entry into the Western Snacking market. In accordance with its dedication to offering “Exciting Goodness,” the organization has extended its offerings to Indian consumers, including Croissants, a popular European delicacy. The Britannia Treat Croissant is available in three flavors: vanilla, cocoa, and assorted fruit.
• A new line of chilled, prepared meals with an extended shelf life for retail distribution was developed and launched in February 2023 as a result of a successful partnership between Northwest Frozen LLC and Preferred Packaging, a branch of C-P Flexible Packaging. The frozen croissant-shaped gnocchi noodle product Crocchi is one of Oprah’s Favorite Things for the 2022 holiday season. This product is one of the new offerings. High-barrier, modified environment containers are used to store cryo-frozen linguine.
➤ The market is anticipated to be dominated by Europe during the forecast period.
The global packaged croissant market is anticipated to be dominated by Europe during the forecast period. The region’s growth has been attributed to the region’s stable economy, altering dietary preferences, and increasing consumer purchasing power. In 2022, Europeans will have access to approximately USD 12.04 trillion to spend on a variety of items, including food, housing, services, energy prices, private pensions, insurance, vacations, mobility, and consumer products, according to the GFK. This corresponds to a slight increase of 5.8% over the previous year, resulting in an average per capita purchasing power of USD 17,733.
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