Global Frozen Bakery Products Industry size worth USD 22.44 Bn by 2021
Posted by MDFtrends on October 18th, 2017
According to the report Global Frozen Bakery Products Industry, published by Market Data Forecast, The Global Industry has been estimated at USD 14.75 Billion in 2016 and is projected to reach USD 22.44 Billion by 2021, at a CAGR of 8.75% during the forecast period from 2016 to 2021.
Frozen bakery products allow customers prepare food in a short period of time without requiring a pastry chef or a specialized oven. They do not require any preservatives as microorganisms cannot grow when the temperature is below-9.5 °C. The other most important benefit of frozen bakery products is less food wastage as stores can bake based on demand, while keeping remaining products frozen and preserved.
Browse Industry data tables and in-depth TOC of the Global Frozen Bakery Products Industry to 2021 @http://www.marketdataforecast.com/market-reports/global-frozen-bakery-products-market-1524/
The Industry for Frozen Bakery Products is mainly driven due to growing trend towards ready-to-bake products and rising demand for convenience food products due to hectic lifestyles. Also, quick-service restaurants and retail chains are being benefitted from frozen bakery products as they can now readily thaw frozen bakery products or prepare fresh items using frozen dough. But, the Industry growth can be constrained due to preference for freshly baked products, scarcity of raw materials along with high costs of packaging and transportation.
Global Industry for Frozen Bakery Products is segmented based on type and distribution channel. By type, the Industry is further sub-segmented into Frozen Bread, Frozen Pizza Crust, Frozen Cake & Pastry. By Distribution Channel, the Industry is further sub-segmented into Artisan Baker, Retail, Catering. Frozen bread Industry consists of the largest share followed by the frozen cakes and pastries Industry among others. Increased consumption of bread has created a saturated Industry for frozen bread while frozen cakes and pastries are growing fast.
Frozen bread Industry consists of the largest share followed by the frozen cakes and pastries Industry among others. Increased consumption of bread has created a saturated Industry for frozen bread while frozen cakes and pastries are growing fast.
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Geographically, Global Industry for Frozen Bakery Products is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. Europe is the biggest Industry in terms of Industry share across the globe, followed by North America. The European Industry for Frozen Bakery Products is witnessing a considerable growth due to high growth owing to increasing demand for “thaw-and-serve” and “bake-off” products that offer convenience to households as well as retail bakeries, grocery stores, and quick-service restaurants. The Frozen Bakery Products Industry in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly affected due to growing technological innovation, and increasing consumer preference towards convenience and ready-to-eat meals.
Associated British Foods plc , ARYZTA AG, Lantmannen Unibake International, EUROPASTRY, SA, General Mills, Inc., and Kellogg Company , Premier Foods Plc, Vandemoortele NV, ConAgra Foods, Inc. and Grupo Bimbo S.A.B. de C.V. are the major players of Global Frozen Bakery Products Industry.
Key Points from Table of Contents
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Frozen Bakery Industry: Segmentation
Industry Leaders' Analysis
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