Global Frozen Bakery MarketPosted by manisha on December 26th, 2020 Global Frozen Bakery Market was valued at US$ 15.17 Bn in 2017 and is expected to reach US$ 27.11 Bn by 2026, at a CAGR of 7.53% during a forecast period. The ready-to-bake segment is expected to boost the market growth during the forecast period owing to rising demand for fast foods and growing western culture influence among consumers across the globe. Convenience stores segment is expected to lead the market growth during the forecast period. Hectic lifestyle of population is increasing the popularity of bakery products purchasing from the convenience store. Hotels are also estimated to hold the largest share in the market during the forecast period owing to the rising disposable income of the middle-class population and rising tourism across the globe. Major driving factors of the market are rising demand for bakery products across the globe, increasing frozen bakery industry, and changing consumer preference towards the convenient products and need to just grab it in the breakfast. Women’s are preferring being as working women rather than housewife is another driving factor of the market growth. In addition, increasing demand for luxury food products, rising demand for bakery products in developing countries as people have less time to spend on baking foods such as in India, China, and Japan. However, traditional fresh bakery products and high electricity bills act as restraints of the market growth. The report provides an in-detail list of drivers and restraints, which are influencing the market growth. Additionally, provides expected opportunities and emerging trends. The Asia Pacific is expected to hold the largest share in the market during the forecast period owing to rising middle-class population and growing economies of developing countries such as India and China. India is projected to lead the market growth in a positive way during the forecast period due to rising demand for bakery products in this country. Changing lifestyles of consumers is also expected to boost the market growth in this region. Women’s are preferring the convenient foods for breakfast menu to save time is surging the market growth. Europe is also expected to hold the largest share in the market during the forecast period as the growing popularity of bakery products among consumers. The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis. Key player’s studies, analyzed, profiled and benchmarked inFrozen Bakery Market areLantmannenUnibake, Alpha Baking Company Inc., Associated British Foods Plc, Aryzta AG, andBridgford Foods Corporation. Global Frozen Bakery Market, by Type • Patisserie • Fully Baked • Hotels • North America • General Mills, Inc, For more information of visit:https://www.maximizemarketresearch.com/market-report/global-frozen-bakery-market/23735/ Like it? Share it! More by this author |