The baking industry is actually experiencing growth. In fact, according to recent market research, the industry is expected to expand at a steady rate of 5.12 percent over the forecast period from 2021 to 2028. This is great news for both consumers and those working in the industry. Here are some reasons why the baking industry is seeing an increase in demand:
Increased consumer interest in gourmet and artisanal baked goods.
Increased demand for healthy and natural ingredients in baked goods.
New and innovative baking techniques and the use of technology in the industry.
The popularity of shows like The Great British Bake Off and other baking competitions.
Increased interest in baking at home, especially during COVID-19 lockdowns.
Overall growth in the food and beverage industry, with baking being a key component.
All of these factors contribute to the growth of the baking industry and suggest a bright future for those involved in the industry. As consumers continue to demand high-quality baked goods and innovative new products, the industry can expect to see continued success and expansion in the years to come.