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The global muffins market size reached a value of more than USD 10.16 billion in 2023. The market is further expected to grow at a CAGR of 3.30% between 2024 and 2032, reaching a value of USD 13.58 billion by 2032.
Muffin is a small baked bread product, typically in the shape of a cup which is available in individual pierces. Common ingredients include eggs, flour, milk, cornmeal, baking powder, butter, and sugar. These small hot cakes are usually consumed with butter and sometimes might contain fruits or bran. Muffins are believed to be well prepared when they have no peaks, the crust of the muffin is neither too rough nor too smooth instead it’s pebbled, the crumb is moist, and it has a chewy texture.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global market size for muffins reached a value of more than USD 10.16 billion in 2023.
The market is projected to grow at a CAGR of 3.30% between 2024 and 2032.
The global market size for muffins is expected to reach a value of more than USD 13.58 billion by 2032.
The major market drivers are convenience of individually-sized portions, changing taste and preferences, and easy accessibility at stores.
The key trends of the muffins market are rising health consciousness, availability of minimally processed muffins, and innovations in different flavours and sizes.
Key market players include Bimbo Bakeries USA, Inc., George Weston Foods Limited, Flowers Foods, Inc., Hostess Brands, Inc., ARYZTA Food Solutions Schweiz AG, and McKee Foods Corporation, among others.
Muffins are small, round, and individually portioned bread products that may be available in sweet or savoury taste profiles with additional flavourings.
Advantages associated with muffins is that they are prepared in individually sized portions that are portable and can be purchased or prepared in larger volumes.
The global market for muffins is segmented based on product, taste, distribution channel and major regions.
On the basis of product, the market is categorised into in-store and packaged.
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