The study, which is based both on desk research and multiple waves of qualitative primary research, is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the bun industry in any manner.A bun refers to a bakery product prepared from yeast, sugar, flour, milk, butter, etc. It comprises carbohydrates, protein, vitamins, minerals, fiber, and sodium, which offers numerous health benefits, including instant energy, balancing gut health, preventing nutrient deficiencies, etc. At present times, it comes in various fillings, shapes, sizes, and flavors. A bun is widely used in the preparation of different food recipes served in restaurants, bakeries, and other food outlets. It is available in convenience shops, supermarkets, hypermarkets, independent retailers, artisanal bakeries, online, etc.
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The increasing usage of buns in the preparation of fast-food items, including cream buns, hot dogs, burgers, sandwiches, etc., is primarily driving the buns market. In addition to this, the rising consumption of fast-food items and convenient snacking options owing to the elevating levels of urbanization, growing working population, and the inflating purchasing power of consumers are further bolstering the market growth. Moreover, the introduction of high-fiber and premium-quality buns that are made without preservatives and artificial colors or flavors is also positively impacting the market growth. Additionally, several market players are introducing vegan and organic variants made with low-calorie and multigrain ingredients, such as oats that comprises no high fructose and genetically modified organisms (GMO), which is acting as another significant growth-inducing factor. Furthermore, the easy product availability on both online and offline retail channels and the escalating number of quick-serving restaurants serving various dishes that include buns are expected to fuel the bun market across the globe in the coming years.
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Note: We are closely monitoring market movements as well as customer behavior around the globe in view of the COVID-19 pandemic. After taking the effects of this epidemic into account, we make our predictions on the most recent market trends and forecasts.
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