Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Features

Baked Goods – Spotlight On The Bakery And Pastry Products Sector

The bakery and pastry product sector is facing cost increases at present, but increased innovation is helping firms to steer through the challenges. This article first appeared in ESM July/August 2022.

From an ingredient point of view, one of the main takeaways from Russia’s invasion of Ukraine has been the effect on the global grain market, as well as certain edible oils. Both the FAO’s Cereal Price Index and Vegetable Oil Price Index hit all-time highs in March, meaning that prices in these segments are at their most elevated levels in more than 30 years.

While prices have dropped marginally since, this inflationary situation is playing a role in the bakery category, which is having to navigate a number of simultaneous challenges. As well as increased grain and oil prices, the sector is still in recovery mode, following a COVID-19 crisis that saw the HoReCa sector – a key channel for bakers – all but put on hold for two years.

PLEASE SUBSCRIBE OR SIGN IN TO CONTINUE READING

30 Day Free Trial

Try European Supermarket Magazine Premium

Enjoy full access to European Supermarket Magazine, our weekly
email news digest, access to all website and app content, and the latest digital
magazine for a full 30 days.

  • - Payment details required during trial sign up.
  • - You may cancel at any time up to the end of the 30-day trial period.
  • - If you continue after the trial perion, then the annual rate of €109+VAT will be debited.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days