The price inflation of 2022 is a serious but hopefully one-time shock to the baked goods market in Azerbaijan. Bread is a traditional and common part of daily diets in the country and the market should demonstrate sustainable development during the course of the forecast period to 2027.
Health and wellness trends are expected to increasingly influence certain consumers, especially the more affluent inhabitants of Baku who are gradually shifting to Western lifestyles. Health and wellness is one of the key trends and it still has large potential to grow in the country.
In terms of the competitive landscape in the country, there is little hope for new players to easily and successfully enter the bread category over the forecast period as domestic players will maintain their stronghold. This is especially applicable to the rural areas of the country, where home-made baked goods are an important part of consumers’ daily routines, due to both economic and traditional reasons.
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Understand the latest market trends and future growth opportunities for the Baked Goods industry in Azerbaijan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Baked Goods industry in Azerbaijan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Baked Goods
This is the aggregation of bread, pastries, dessert mixes, frozen baked goods and cakes. Note: Baked goods from in-store bakeries are classified under unpackaged/artisanal, not packaged/industrial. While they may be finished on-site, they are often prepared, then frozen or par-baked, at other locations. Such production models are very important for supermarket in-store bakeries, which have in the past been used to drive traffic and fill stores with appetising aromas, but for which the labour resources required to run a full-service scratch bakery are not always available.
See All of Our DefinitionsThis report originates from Passport, our Baked Goods research and analysis database.
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