Frozen Bakery Products Market Size to Expand at the CAGR of 4.2% During 2018 to
Posted by facto on November 19th, 2019
Facto Market Insights has recently added a new study to its broad research portfolio, which is titled as Frozen Bakery Products Market Size to Expand at the CAGR of 4.2% During 2018 to 2025 provides an in-depth analysis of the Frozen Bakery Products with the forecast of market size and growth. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.
The global household appliances market was valued at ,870 million in 2017 and is projected to reach ,118 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025. Bread, cakes, pastries, and donuts, which are derived from corn, rice, wheat, barley, oats, and rye are included in frozen bakery products. These are rich in nutrition and taste and hence are majorly preferred by the consumers across different regions. These products exhibit comparatively longer shelf life and are convenient to use. These factors in turn drive the growth of the frozen bakery products market.
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Asia-Pacific is expected witness significant growth in terms of value sales during the forecast period. The market is studied across bread, pizza crust, cakes & pastries, waffles, donuts, and cookies, based on product. Among these, the bread segment accounted for higher share as compared to other product types in 2017, attributed to increased consumption of these products in the European and North American regions. Breads is one of most preferred frozen bakery products among its target customers owing to its large-scale application in various food service industry as well as retail sectors. Moreover, bread is the staple food in most of European countries such as Germany, France, and Italy. This drives the growth of the market.
Based on end user, the market is classified into retail, food service industry, and food processing industry. The food service industry, which primarily consists of quick service restaurants and coffee shops is the dominant segment in the global frozen bakery products market. Over the past couple of decades, there has been rise in number of high-end bakery shops especially in North America and Europe. Also, the increase in popularity of frozen sweets and bakery products, such as pastries and flavored cakes, boosts the demand for these kinds of products among its customers.
Based on the distribution channel, the market is categorized into artisan baker, retail, catering, and online channel segments. Among these segments, the artisan baker accounted for higher share as compared to other segments in 2018. Based on region, it is analyzed across North America (U.S. and Canada), Europe (Germany, UK, France and Rest of Europe), Asia-Pacific (China, India, Japan and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).
Key players profiled in the report include General Mills (Pillsburry), Aryzta AG, Grupo Bimbo S.A.B. de C.V., Europastry, S.A., Lantmannen Unibake International, Associated British Foods plc, Flower Foods Inc., TreeHouse Foods, Inc., Dawn Foods Products Inc., and Vandemoortele NV.
Key Benefits ForFrozen Bakery Products Market:
The report provides an extensive analysis of the current and emerging market trends and opportunities in the global household appliances market.
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