Specialty Frozen Bakery Industry | Market Demand and Forecast to 2022
Posted by suraj on December 2nd, 2020
Market Research Future (MRFR) presumes that the Specialty Frozen Bakery Industry 2020 can procure a growth rate of 4.45% from 2016 to 2022 (evaluation period). MRFR also anticipates the global market to touch USD 3,434 million by 2022. We will provide COVID-19 impact analysis with the report, along with an in-depth review post the coronavirus disease outbreak.
COVID-19 Specialty Frozen Bakery Market Analysis
COVID-19 analysis on the specialty frozen bakery industry by MRFR reveals that the global pandemic and the lockdown across the world have had significant implications on the product demand as well as supply. In the earlier stages following the COVID-19 outbreak, the food & beverage sector observed sharp spike in the demand for healthy food items, consumables with extended lifespan and household staples.
Top Boosters and Challenges
Global Specialty Frozen Bakery Industry is zooming ahead on an upward trajectory and can achieve further success in the coming years, thanks to the rising consumer preference for a more convenient option compared to freshly made specialty bakery products. The fast-economic surge noted across emerging nations and the resultant change in the dynamic between consumers and their buying preference, especially with regard to specialty goods, have been favorable for the market in recent years. Growth in the adoption of hectic lifestyles and the expanding female populace that is employed have also made specialty frozen bakery products quite popular.
The MRFR study discusses the highly reputed vendors in the Specialty Frozen Bakery Industry and the key strategies that they employ to remain ahead of their rivals. Some of these vendors include Grupo Bimbo SAB de CV (Mexico), Il GERMOGLIO Food Spa (Italy), LANTMANNEN UNIBAKE (Denmark), UAB (Lithuania), VANDEMOORTELE Bakery (France), MANTINGA, Harry-BROT GmbH (Germany), Aryzta AG (Switzerland), EUROPASTRY Sa (Spain), Flowers Foods, Inc. (U.S.), Rich Products (U.S.), to name a few.
Specialty Frozen Bakery Industry has been dissected with respect to type, customer type and distribution channel.
The primary types of specialty frozen bakery products available in the market are sweet baked goods & morning goods, bread rolls & artisan loaves, savory, pizza crust, and more. In 2016, Bread rolls and artisan loaves, together with sweet baked goods and morning goods accounted for over 90% of the total share in the North American market. The growth rate of the sweet baked goods in the coming years is expected to be 3.85%, with the highest demand anticipated in North America. Consumers in the region are extremely fond of doughnuts, snack cakes, cookies, and various baked treats, which favors the segmental growth.
Customer types considered in Specialty Frozen Bakery Industry study include industrial, home makers and more. Home maker segment could note better growth in the near future, with Europe capturing a substantial share and Germany and Italy in the lead.
Europe, Asia Pacific/APAC along with North America as well as RoW/the rest of the world are the primary markets for specialty frozen bakery around the world.
Artisanal bakery is quite popular in Europe, particularly in the United Kingdom, and the rising demand among consumers for products with high shelf life is further boosting the market growth. Consumers are increasingly opting for artisanal frozen baked products to boost the appeal of their kitchens, which has emerged as a lucrative opportunity for specialty frozen bakery market firms in the region to come up with new flavors and broaden their product range.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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About the Authorsuraj
Joined: March 20th, 2020
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