The global muffins market, valued at USD 10.93 billion in 2023, is anticipated to grow from USD 11.40 billion in 2024 to USD 16.29 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.56% during the forecast period, according to the Fortune Business Insights™ report titled "Muffins Market, 2024-2032."

Muffins, offered in popular flavors like banana, chocolate chip, and blueberry, continue to enjoy strong consumer demand. This growing preference is expected to drive substantial industry expansion in the years ahead.

Information Source: https://www.fortunebusinessinsights.com/muffins-market-103834

List of Key Players Mentioned in the Report:

• Mondelez International, Inc. (U.S.)
• Associated British Foods (U.K.)
• Grupo Bimbo (Mexico)
• General Mills (U.S.)
• Britania (India)
• Mckee Foods Corporation (U.S.)
• ARYZTA (Switzerland)
• Foodco Group Pty Ltd (Australia)
• Finsbury Food Group Plc (U.K.)
• Flowers Food (U.S.)

Segmentation:

Packaged Segment Leads Due to Widespread Availability

The muffins market is divided into packaged and fresh muffins, with the packaged segment holding the largest share. This dominance is driven by the wide variety of flavors available and the extensive availability of packaged muffins across retail channels.

Sweet Segment Captures Major Share Due to Growing Health Awareness