April 20, 2024
Sourdough Market

The Sourdough Market is booming through craft movements by 2030 and beyond

The sourdough market is a fermented bread-making process that utilizes naturally occurring lactic acid bacteria and yeasts. Sourdough bread is known for its distinctive sour taste due to the long fermentation of dough using sourdough starter or levain. The use of sourdough starter provides a variety of health benefits compared to commercial yeast such as easier to digest, ability to aid in glucose control, and optimal prebiotic fiber. Sourdough has grown in popularity owing to the rising demand for artisanal and organic breads associated with the farm-to-table and artisanal craft movements.

The Global Sourdough Market is estimated to be valued at US$ 4.04 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Sourdough market size are Harris Corporation, Airbus Defense and Space, Boeing, Geooptics Inc., Lockheed Martin Corporation, Millennium Space Systems Inc., Northrop Grumman Corporation, OHB AG, OneWeb Ltd, Planet Labs Inc., Sierra Nevada Corporation, Singapore Technologies Engineering Limited, Space Exploration Technologies Corp. (Space X), Surrey Satellite Technology Ltd., and Thales Alenia Space. The growing demand for artisanal, organic, and preservative-free food products is boosting the sourdough market. The market is experiencing high growth in developed regions of North America and Europe owing to increasing consumer awareness regarding the health benefits of sourdough bread.

The increasing demand from bakeries, restaurants and cafes for sourdough bread is expected to drive the market during the forecast period. Popular food joints and cafes extensively using sourdough bread in their menus are attracting more consumers, propelling market growth. The rise of sourdough bakeries globally is also fueling market expansion with consumers preferring artisanal breads.

The global expansion of sourdough culture and rise of sourdough communities on social media are further increasing popularity and market opportunities. Start-upsfocused on easy sourdough starters are enhancing accessibility.

Market key trends

The booming popularity of home bread baking during the pandemic has boosted the sourdough starter market. Do-it-yourself (DIY) sourdough making through online tutorials is driving first-time purchases of sourdough starters. The growing preference for natural and organic foods is prompting market players to offer organic and GMO-free sourdough starters. Innovation in packaged sourdough starters in the form of dehydrated culture sachets or freeze-dried starters promising convenience is a key trend in the market.

Porter’s Analysis

Threat of new entrants: The sourdough market requires a lot of capital investment given the specific equipment and processing facilities required for producing sourdoughs. This moderate barrier keeps new players from easily entering the market.

Bargaining power of buyers: Buyers have moderate bargaining power in the sourdough market as there are many producers providing similar products. However, buyer loyalty to certain brands provides some seller power.

Bargaining power of suppliers: Flour producers that supply the key raw material wield significant power in the sourdough market. Flour prices and availability impact sourdough producer costs and profitability.

Threat of new substitutes: Potential substitutes include other types of artisanal breads, but sourdoughs have developed brand loyalty that provides protection against substitutes.

Competitive rivalry: The sourdough market has numerous small producers competing on quality and taste.

Geographical regions where market value is concentrated:
North America and Europe account for the bulk of the current sourdough market value given the strong bread baking traditions and consumer demand for artisanal and fermented breads in countries like the United States, Canada, Germany, France, and Italy.

The fastest growing region for the sourdough market:
The Asia Pacific region is projected to see the fastest market growth during the forecast period. Countries like China, India, and South Korea are experiencing rising health awareness that is fueling demand for high-fiber, probiotic-rich sourdough breads. Expanding distribution and new product innovations will likely drive further market penetration in Asia.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraaged AI tools to mine informaation and compile it