PUBLISHER: Grand View Research | PRODUCT CODE: 1530132
PUBLISHER: Grand View Research | PRODUCT CODE: 1530132
The global muffins market size is expected to reach USD 13.66 billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is currently experiencing significant growth and is expected to expand considerably in the coming years. This growth is primarily driven by consumer inclination toward new food products. Muffins, known as single-serve baked goods, are made from dough with or without eggs and various other ingredients. Increasing consumer demand for healthier food options, such as muffins made with whole grains and sugar substitutes, is a key factor propelling market growth. Additionally, the trend toward using minimally processed and natural ingredients in muffins is further driving market expansion.
The recent trend toward healthier bakery ingredients like whole grains and sugar substitutes has significantly boosted the market. Moreover, consumers' growing experimentation with food preferences has increased the popularity of savory muffins, prompting manufacturers worldwide to introduce new varieties with unconventional ingredients like parsley, cheese, and other fillings.
The expansion of in-store bakeries within supermarkets and the launch of new private-label products by retailers are major factors driving the market. Additionally, the strengthening of supply chains due to the opening of new malls and organized retail stores in developing economies has further accelerated global market growth for muffins.
Also, continuous innovation in muffin recipes, ingredients, and packaging techniques has played a crucial role in expanding the market. Manufacturers regularly introduce new flavors, healthier formulations, and convenient packaging solutions to attract and retain consumers in a competitive marketplace.