Supermarket Perimeter - August 2021 - 34

Bakery: Pastries
Flavor exploration
Creating connections
With food as a major connector between all people, bakeries will
need to determine how to best meet consumers where they are
now. This includes accommodating a growing consumer base that's
keenly aware of how certain foods can affect their overall health
from a digestive health perspective along with lifestyle-driven vegan,
keto and gluten-free diets for weight management and sustainability
efforts.
These increasingly popular lifestyle choices are fueling R&D
innovation as many strive to accommodate evolving consumer
perceptions about health and wellness. Perceived to be healthier
and more premium than traditional formulations, these free-from
applications can help meet a variety of dietary restrictions from
consumers of all demographics. As the vegan lifestyle continues to
intersect with Main Street demand, Stratus Foods is helping bakers
replace lard-based shortenings with vegan options.
Looking to assist bakers with quality, stability and consistency,
Corbion, Lenexa, Kan., offers baking solutions from cinnamon rolls to
sticky buns, muffins to Danish, that help bakers create sweet dough
applications and ingredients. The company's Ultra Fresh Sweet
portfolio offers a comprehensive freshness solution that protects the
quality of finished products, ensuring they stay fresher, longer. The
tiered portfolio offers solutions for increased moistness, resilience
and softness.
Ongoing interest in cultural flavors with authentic and
fusion influences continue to fuel the global pastries
market, which is projected to see a CAGR of 3.44%
2021-2026, according to Mordor Intelligence.
This includes growing interest in Hispanic pastries from
regions in Mexico, Cuba, Central and South America.
Hispanic pastries are on the rise with a 0.6% Dollar
Sales % Change vs YA.
A growing appreciation and curiosity for Hispanic
products is finding a growing number of consumers
gravitating toward a range of Hispanic influences,
seeking out foods and flavors from Mexico, Cuba,
Peru, El Salvador and other Central and South
American countries.
Continued cultivation of interest in Hispanic products
is important for consumers interested in exploring
a range of rich non-homogenous Hispanic culinary
history and for the growing shopper demographic
of 55.4 million Hispanic consumers. As household
incomes continue to grow, the demographic will have
$1.8 trillion in purchasing power. By 2025, more than
69.5 million Hispanic Americans will live in the US,
which will be approximately 20% of the US population.
34 - AUGUST 2021
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Table of Contents for the Digital Edition of Supermarket Perimeter - August 2021

Supermarket Perimeter - August 2021 - Intro
Supermarket Perimeter - August 2021 - 1
Supermarket Perimeter - August 2021 - 2
Supermarket Perimeter - August 2021 - 3
Supermarket Perimeter - August 2021 - 4
Supermarket Perimeter - August 2021 - 5
Supermarket Perimeter - August 2021 - 6
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