Recent News from MFG Tray
National Bakery Day: Celebrate a Rising Market
Posted on September 21, 2022
From bread and bagels to cakes and cookies, there are few things in life people love more than fresh baked goods. They can bring people together, they can be a sign of celebration, they can even be a source of comfort.
Whether you’re choosing to celebrate with confectionery perfection or are seeking solace in a sweet treat, your new favorite holiday is right around the corner. September 30, 2022 is National Bakery Day! To celebrate the holidays, MFG Tray took a look at the rising bakery market and America’s favorite baked goods. We also highlight the best handling products that commercial bakers should know about.
About National Bakery Day (NBD)
The Retail Bakers of America created National Bakery Day (not to be confused with National Baker Day) to celebrate the essential role that bakeries play in our lives. Not only do they feed us, but they also add to our communities’ cultures, often serving up regional specialties that make each establishment a unique experience. This year (2022), NBD lands on September 30.
The Bakery Product Market
People love fresh baked goods, plain and simple. There is actually a biological reason why we love them so much. When we eat carbohydrate-rich foods, there is an uptick in the synthesis of serotonin, one of the four main “feel good” hormones.
Judging by the skyrocketing bakery product market, people are willing to pay top dollar for a bit of carb-fueled happiness. The global bakery products market reached a value of almost $331.37 billion in 2020. Incredibly, it is poised to grow at a compound annual growth rate (CAGR) of 4.6 percent to reach a value of $436.91 billion by 2026. The United States accounts for 20% of the global bakery market share.
What Counts as Baked Goods?
There is a huge range of baked goods. And, depending on the source, you’ll see anything from pizza crust to pastries. But, here is a quick list to get your tastebuds fired up:
New Consumer Demands
Without question, the baked goods market is alive and well. That said, consumer demands are changing rapidly. For instance:
- Many people want healthier options
- The rate of Celiac disease is increasing every year
- People want organic options
For commercial and retail bakers looking to increase profits, offering low-carb, gluten-free, and organic products is critical.
Outside of healthy alternatives and gluten-free options, consumers are also looking for cannabis-infused edibles. In fact, the edible marijuana market is more than a $4 billion sector. Market researchers expect it to reach $9 billion by 2026, growing at a CAGR of 17.1%.
But, it’s not just about the products you offer, it’s how you offer them. Rising disposable incomes, on-the-go lifestyles, and increased online shopping is giving rise to people who want their baked goods from the store and online. Research suggests that product diversification and innovation will be the core elements guiding future market growth.
In order for commercial and retail bakers to grow, they need high-quality food service equipment to store, prepare, and sell their products.
With rugged composite construction, MFG Tray food service products offer exceptional strength, weight-carrying capacity, and stackability. Further, the smooth, nonporous surface of composite products resists odors, stains, and mildew, and is not harmed by detergents. MFG Tray’s products include:
From food handling and shipping to storage and display, commercial and retail bakers should invest in composite products for their food service applications. They have higher and lower temperature ratings, heavier weight limits, and are more resistant to chemical cleaners than traditional thermoplastic and wooden products. Furthermore, composite-material foodservice containers won’t sag or warp like their plastic counterparts and aren’t as heavy or sensitive to corrosion as stainless steel alternatives.
Bake More. Make More
The MFG Tray team knows how hard baking is, from the retail to the commercial level. To make the food service process easier, we developed a multitude of molded fiberglass trays, boxes, and containers that help keep your inventory moving.
Moreover, lightweight storage containers can significantly improve your productivity and safety when working with large quantities of dough. This improvement can minimize the probability of exhausted employees cutting corners when moving heavy products. Further, lightweight options allow a broader range of employees to meet operational requirements.
At MFG Tray, we’re proud and excited to help out bakers across the country with our composite food service products. If you’re interested in learning more about what we do and the products we offer, head over to our food service page. You can also request custom solutions by reaching out!