Page 54 - The European Baking Ingredients Market Report 2022 - Volume 2
P. 54

European Baking Ingredients Market Report 2022
                       INKWOOD RESEARCH
            54 Romania





            ROMANIA





                                                                                 persist into the forecast period as
                                                                                 consumers appreciate its longer
                                                                                 shelf life and better suitability
                                                                                 for storing at home, such as by
                                                                                 freezing.
               ROMANIA
               Capital                                 Bucharest               •  Dessert mixes have benefited
                                                                                 slightly from the home
               Population                              18,962,708 (2022)
                                                                                 seclusion trend, boosted by
               GDP (in US$ billion)                    US$284.09 (2021)          their ease of preparation and
               Expenditures spent on food (%)          27.28% (2018)             perception as comfort food
                                                                                 during more extended periods
               Expenditure on food per capita (US$)    US$2,040.9 (2018)
                                                                                 spent at home. Frozen baked
               Source: Inkwood Research                                          goods have also been bolstered
                                                                                 by increasing demand for the
                                                                                 convenience associated with
                                                                                 busy lifestyles.
            Key trends of bakery ingredients &   pasta, rice, breakfast cereals, and
            baked goods observed in country     savory snacks.                 Recent developments/packaging
            •  Romania is a large producer of                                  innovations/product launches/
               wheat, and bread remains an   •  Several consumers based their   marketing campaigns
               integral part of meals for families   preference for packaged bread   •  Vel Pitar, a leading packaged
               across all income levels. It has   in 2021 on the perception of its   leavened bread manufacturer,
               therefore continued to drive the   lower hygiene risk. However,   launched Imuno Bread, a
               overall performance of baked     its longer shelf-life meant that   new fortified variety, in early
               goods in 2021. However, slower   consumers were also able to      2021. This product includes
               retail value growth in 2021      make fewer visits to stores at a   zinc, selenium, and vitamins
               reflects consumers’ growing      time when hygiene concerns       B6, B9, B12, and D, and its claim
               tendency to switch to bread      were paramount. This shift to    that these nutrients help the
               replacement products such as     packaged bread is likely to      immune system work normally


             Product Analysis – bakery ingredients


               Romania baked goods market, by product, 2021 (US$ Million)
                 3500
                                                                                              152.49
                 3000                       594.10            1.80            24.47
                 2500      2316.59
                 2000

                 1500
                 1000

                  500
                    0
                           Bread            Cakes         Dessert Mixes    Frozen baked       Pastries
                                                                              goods
               Source: Inkwood Research




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