Muffins Market
PUBLISHED: 2024 ID: SMRC27568
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Muffins Market

Muffins Market Forecasts to 2030 - Global Analysis By Type (Sweet Muffins, Savory Muffins and Other Types), Flavour, Packaging, Distribution Channel and By Geography

4.3 (76 reviews)
4.3 (76 reviews)
Published: 2024 ID: SMRC27568

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Muffins Market is accounted for $11.4 billion in 2024 and is expected to reach $16.69 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Muffins are small, individual-sized baked goods that can be either sweet or savoury. Made from a batter of flour, eggs, sugar, and a leavening agent like baking powder, they are typically baked in a muffin tin with paper liners. Sweet muffins often contain fruits, chocolate chips, or nuts, while savoury versions may include ingredients like cheese, vegetables, or herbs. Muffins are a popular breakfast or snack item, known for their soft, moist texture and convenient, portable form.

Market Dynamics: 

Driver: 

Rising demand for convenient snacks

Muffins, known for their versatility and wide flavour variety, cater to this need by offering a quick, satisfying snack or breakfast choice. The trend toward on-the-go eating, driven by hectic work schedules and travel, has further boosted their popularity. Additionally, the growing availability of healthier and indulgent muffin variants, including low-sugar and gluten-free options, expands their appeal to health-conscious and diverse consumer segments, thereby fostering the growth of the market.

Restraint:

Health concerns over sugar and fat content

Health concerns over sugar and fat content causes negative effects of excessive sugar and unhealthy fats on health, including obesity and diabetes, has shifted preferences toward low-sugar and low-fat options. This trend leads to decreased demand for traditional muffins, which are often high in sugar and calories. As a result, manufacturers face pressure to reformulate products to meet healthier standards, which can complicate production processes and affect profitability, thereby hindering the growth of the market.

Opportunity:

Expansion of product lines

Introducing new varieties, such as gluten-free, vegan, or low-sugar muffins, attracts health-conscious consumers, broadening the market base. Additionally, corporating innovative flavors and ingredients, like exotic fruits, nuts, and spices, appeals to adventurous eaters seeking unique options. Seasonal or limited-edition offerings create excitement and drive repeat purchases. This product diversification helps brands differentiate themselves, retain customer interest, and increase market share in an increasingly competitive food industry, hereby fuelling the growth of the market.

Threat:

Changing consumer preferences

The rise of dietary trends, such as gluten-free, vegan, and low-sugar diets, has led to a decline in demand for conventional muffins, which are often high in sugar and fat. Additionally, consumers are gravitating toward homemade and artisanal products, diminishing interest in mass-produced muffins from bakeries. This shift necessitates adaptations in product offerings, requiring manufacturers to innovate and create healthier alternatives to meet evolving consumer expectations, further hampering the growth of the market.

Covid-19 Impact

The COVID-19 pandemic negatively impacted the muffins market due to disruptions in supply chains, reduced bakery operations, and temporary closures of cafes and restaurants. Lockdowns led to a decline in out-of-home consumption, while changes in consumer preferences toward healthier options affected demand for traditional muffins. However, the market saw a rise in home baking trends and online sales of baked goods, partially offsetting the decline. As restrictions eased, the market gradually recovered, driven by increasing consumer demand for convenient, ready-to-eat snacks.

The sweet muffins segment is expected to be the largest during the forecast period

The sweet muffins segment is predicted to secure the largest market share throughout the forecast period, due to diverse consumer preferences for indulgent and convenient snacks. With a wide variety of flavors, including chocolate, blueberry, and banana, sweet muffins attract a broad audience, particularly among younger demographics and families. Additionally, sweet muffins are increasingly featured in cafés, bakeries, and grocery stores, enhancing their visibility and accessibility, further driving growth in the overall muffins market.

The supermarkets segment is expected to have the highest CAGR during the forecast period

The supermarkets segment is projected to witness substantial growth during the projection period, through effective segmentation and targeted marketing strategies. By offering a diverse range of muffin varieties, including gluten-free, low-sugar, and indulgent flavors, supermarkets cater to various consumer preferences and dietary needs. Additionally, the convenience of one-stop shopping allows customers to easily incorporate muffins into their grocery purchases. The growing trend of pre-packaged, ready-to-eat muffins also aligns with busy lifestyles, further boosting demand within the supermarket segment.

Region with largest share:

During the projected timeframe, the Asia Pacific region is expected to hold the largest market share due to the rising urbanization, changing lifestyles, and increasing disposable incomes. Consumers are increasingly seeking convenient and on-the-go snack options, leading to a surge in demand for various muffin flavors, including sweet and savoury varieties. The market is also benefiting from innovative product launches and the growing popularity of health-conscious alternatives, such as gluten-free and low-sugar muffins. Additionally, the expansion of modern retail formats and e-commerce platforms is enhancing accessibility and driving sales.

Region with highest CAGR:

Over the forecasted timeframe, the North America region is anticipated to exhibit the highest CAGR, by a growing preference for convenient, on-the-go snacks. With a wide variety of flavors and healthy options, including gluten-free and low-sugar alternatives, the market caters to diverse consumer preferences. Retail sales are boosted by increased availability in supermarkets, convenience stores, and cafes. The trend toward home baking during the pandemic further accelerated interest in muffins. Innovations in packaging and marketing also enhance visibility, solidifying muffins as a popular choice for breakfast and snacks. 

Key players in the market

Some of the key players profiled in the Muffins Market include Grupo Bimbo S.A.B. de C.V., George Weston Foods Limited, Einstein Noah Restaurant Group, Inc., Bruegger's Enterprises, Inc., United Biscuits Limited, Edeka Group, Flowers Foods, Inc., Hostess Brands, Inc., ARYZTA Food Solutions Schweiz AG, McKee Foods Corporation, Dunkin’ Brands Group, Inc., Starbucks Corporation, The Kellogg Company, Mondelez International, Inc., The Kroger Co., Yamazaki Baking Co., Ltd., Nestlé S.A., Häagen-Dazs (a brand of General Mills), Monginis and Bimbo Bakeries USA, Inc.  

Key Developments:

In February 2024, George Weston Foods acquired a regional bakery in Canada to diversify its product offerings and strengthen its presence in the North American market. This strategic move is aimed at responding to the increasing consumer demand for a variety of baked goods, particularly artisanal and specialty items.

In June 2023, George Weston Foods announced plans to expand its manufacturing facilities in Australia to increase production capacity and meet rising demand for its bakery products. This expansion reflects the company's commitment to strengthening its market position and responding effectively to evolving consumer preferences in the bakery sector.

In March 2023, Grupo Bimbo launched a new line of plant-based snacks under its Bimbo brand, catering to the growing demand for healthier snack options. This strategic initiative was designed to meet the increasing consumer demand for healthier snack options, reflecting a broader trend toward plant-based diets and wellness-oriented food products.

Types Covered:
• Sweet Muffins
• Savory Muffins
• Other Types          

Flavours Covered:
• Fruity Flavours
• Chocolate Flavours
• Nut-Based Flavours
• Spice-Flavoured Muffins
• Other Flavours          

Packagings Covered:
• Single-Serve Pack
• Multi-Pack
• Bulk Packaging
• Other Packagings

Distribution Channels Covered:
• Supermarkets
• Convenience Stores
• Online Retailers
• Bakery Outlets
• Food Service
• Other Distribution Channels

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary          
            
2 Preface           
 2.1 Abstract          
 2.2 Stake Holders         
 2.3 Research Scope         
 2.4 Research Methodology        
  2.4.1 Data Mining        
  2.4.2 Data Analysis        
  2.4.3 Data Validation        
  2.4.4 Research Approach        
 2.5 Research Sources         
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions        
            
3 Market Trend Analysis         
 3.1 Introduction         
 3.2 Drivers          
 3.3 Restraints         
 3.4 Opportunities         
 3.5 Threats             
 3.6 Emerging Markets         
 3.7 Impact of Covid-19      
            
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry         
            
5 Global Muffins Market, By Type        
 5.1 Introduction         
 5.2 Sweet Muffins         
  5.2.1 Blueberry Muffins        
  5.2.2 Chocolate Chip Muffins       
  5.2.3 Banana Muffins        
  5.2.4 Other Flavoured Muffins       
 5.3 Savory Muffins         
  5.3.1 Cheese Muffins        
  5.3.2 Herb Muffins        
  5.3.3 Vegetable Muffins        
  5.3.4 Meat Muffins        
 5.4 Other Types         
            
6 Global Muffins Market, By Flavour        
 6.1 Introduction         
 6.2 Fruity Flavours         
 6.3 Chocolate Flavours         
 6.4 Nut-Based Flavours         
 6.5 Spice-Flavoured Muffins        
 6.6 Other Flavours         
            
7 Global Muffins Market, By Packaging        
 7.1 Introduction         
 7.2 Single-Serve Pack         
 7.3 Multi-Pack         
 7.4 Bulk Packaging         
 7.5 Other Packagings         
            
8 Global Muffins Market, By Distribution Channel       
 8.1 Introduction         
 8.2 Supermarkets         
 8.3 Convenience Stores         
 8.4 Online Retailers         
 8.5 Bakery Outlets         
 8.6 Food Service         
 8.7 Other Distribution Channels        
            
9 Key Developments          
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 9.2 Acquisitions & Mergers        
 9.3 New Product Launch        
 9.4 Expansions         
 9.5 Other Key Strategies        
            
10 Company Profiling          
 10.1 Grupo Bimbo S.A.B. de C.V.        
 10.2 George Weston Foods Limited        
 10.3 Einstein Noah Restaurant Group, Inc.       
 10.4 Bruegger's Enterprises, Inc.        
 10.5 United Biscuits Limited        
 10.6 Edeka Group         
 10.7 Flowers Foods, Inc.         
 10.8 Hostess Brands, Inc.         
 10.9 ARYZTA Food Solutions Schweiz AG       
 10.10 McKee Foods Corporation        
 10.11 Dunkin’ Brands Group, Inc.        
 10.12 Starbucks Corporation        
 10.13 The Kellogg Company        
 10.14 Mondelez International, Inc.        
 10.15 The Kroger Co.         
 10.16 Yamazaki Baking Co., Ltd.        
 10.17 Nestlé S.A.         
 10.18 Häagen-Dazs (a brand of General Mills)       
 10.19 Monginis          
 10.20 Bimbo Bakeries USA, Inc.        
            
List of Tables           
1 Global Muffins Market Outlook, By Region (2022-2030) ($MN)      
2 Global Muffins Market Outlook, By Type (2022-2030) ($MN)      
3 Global Muffins Market Outlook, By Sweet Muffins (2022-2030) ($MN)     
4 Global Muffins Market Outlook, By Blueberry Muffins (2022-2030) ($MN)    
5 Global Muffins Market Outlook, By Chocolate Chip Muffins (2022-2030) ($MN)    
6 Global Muffins Market Outlook, By Banana Muffins (2022-2030) ($MN)     
7 Global Muffins Market Outlook, By Other Flavoured Muffins (2022-2030) ($MN)    
8 Global Muffins Market Outlook, By Savory Muffins (2022-2030) ($MN)     
9 Global Muffins Market Outlook, By Cheese Muffins (2022-2030) ($MN)     
10 Global Muffins Market Outlook, By Herb Muffins (2022-2030) ($MN)     
11 Global Muffins Market Outlook, By Vegetable Muffins (2022-2030) ($MN)    
12 Global Muffins Market Outlook, By Meat Muffins (2022-2030) ($MN)     
13 Global Muffins Market Outlook, By Other Types (2022-2030) ($MN)     
14 Global Muffins Market Outlook, By Flavour (2022-2030) ($MN)      
15 Global Muffins Market Outlook, By Fruity Flavours (2022-2030) ($MN)     
16 Global Muffins Market Outlook, By Chocolate Flavours (2022-2030) ($MN)    
17 Global Muffins Market Outlook, By Nut-Based Flavours (2022-2030) ($MN)    
18 Global Muffins Market Outlook, By Spice-Flavoured Muffins (2022-2030) ($MN)    
19 Global Muffins Market Outlook, By Other Flavours (2022-2030) ($MN)     
20 Global Muffins Market Outlook, By Packaging (2022-2030) ($MN)     
21 Global Muffins Market Outlook, By Single-Serve Pack (2022-2030) ($MN)     
22 Global Muffins Market Outlook, By Multi-Pack (2022-2030) ($MN)     
23 Global Muffins Market Outlook, By Bulk Packaging (2022-2030) ($MN)     
24 Global Muffins Market Outlook, By Other Packagings (2022-2030) ($MN)     
25 Global Muffins Market Outlook, By Distribution Channel (2022-2030) ($MN)    
26 Global Muffins Market Outlook, By Supermarkets (2022-2030) ($MN)     
27 Global Muffins Market Outlook, By Convenience Stores (2022-2030) ($MN)    
28 Global Muffins Market Outlook, By Online Retailers (2022-2030) ($MN)     
29 Global Muffins Market Outlook, By Bakery Outlets (2022-2030) ($MN)     
30 Global Muffins Market Outlook, By Food Service (2022-2030) ($MN)     
31 Global Muffins Market Outlook, By Other Distribution Channels (2022-2030) ($MN)    
            
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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