Global frozen bakery products market is valued approximately at USD 3.7 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2020-2027. The market for frozen bakery products comprises of bread, cakes, pastries, and donuts made from corn, rice, wheat, barley, oats, and rye. These are rich in nutrition and taste, have a comparatively longer shelf life and are suitable for use, which drives demand for these products in the market. Increasing the demand for frozen bakery products is boosting market demand for these products. . The global capacity of refrigerated warehouses increased to 616 million cubic meters (m3) in 2018, from 552 million cubic meters (m3) in 2014, according to the International Association of Refrigerated Warehouses (IARW), a core partner of the Global Cold Chain Alliance (GCCA).Increasing numbers of retail outlets selling the product in emerging economies coupled with attractive advertising and marketing will also indicate demand for luxury food items like that. Preference for conventional and freshly baked products and volatility in raw materials prices are restraining factors. In the emerging markets, the market potential for frozen bakery products is huge, where consumer demand for healthy baked goods products is increasing due to a growing health consciousness can be the opportunity factors
The regional analysis of global frozen bakery products market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is a mature and homogenous market in highly penetrated frozen bakery products. The European market is experiencing growth due to a good economic situation and a rise in launches of products that meet consumer demand. The market for frozen bakery products in North America is expected to witness strong growth due to increased awareness of the health benefits associated with consuming various types of frozen foods.
Major market player included in this report are:
General Mills,
Aryzta AG,
Grupo Bimbo S.A.B. de C.V.,
Europastry,
Lantmannen Unibake International,
Associated British Foods plc,
Flower Foods Inc.,
TreeHouse Foods, Inc.,
Dawn Foods Products Inc., and
Vandemoortele NV.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Based on Type,
Breads
Pizza Crusts
Cakes & Pastries
Others (waffles, biscuits, cookies, bagels, pretzels, and donuts )
Based on Distribution Channel,
Artisan Bakers
Retail
Catering & Industrial
Based on Technology,
Raw Products
Ready-to-Bake
Ready Baked & Frozen
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017, 2018
Base year - 2019
Forecast period - 2020 to 2026
Target Audience of the Global Residential Energy Management Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
