The global frozen bakery products market is expected to grow from USD 22.3 billion in 2021 to USD 29.5 billion by 2026, growing at a CAGR of 5.8%
The report “Frozen Bakery Products Market by Type (Bread, Pizza Crusts, Cakes and Pastries), Distribution Channel (Conventional Stores, Specialty Stores) and Consumption Form (Ready to Rise, Ready to Bake, Ready to Eat) – Forecast world until 2026″, the global frozen bakery products market is expected to reach USD 29.5 billion by 2026, from USD 22.3 billion in 2021, at a CAGR of 5.8% during the forecast period. The fast-paced lifestyle of consumers has contributed to the growth of the bread-making industry to produce new products that could meet the increase in consumer demand. Rising consumption of frozen bakery products in emerging markets in Asia-Pacific and Latin America has also led to increased sales of frozen bakery products. The demand for frozen bakery products in developing regions is driven by increasing disposable income.
Download the PDF brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=789
Opportunities: Adoption of individual blast freezing (IQF) technology to maintain the freshness of frozen bakery products
High-quality frozen bakery products are primarily attributed to the development of a technology known as the Individual Quick Freezing (IQF) method. IQF is a freezing method that prevents the formation of large ice crystals in food products. With traditional freezing, large ice crystals can damage cells and crystal fibers, causing food products to dry out. IQF foods, however, produce small ice crystals which allow the fibers of the food product to remain unscathed. Microencapsulation is a recent technology that can help manufacturers achieve the goal of increasing the shelf life and texture of their line of gluten-free frozen bakery products. This technology is used to overcome the cardboard consistency of refrigerated pizza, rising crust pizza, as well as extending the shelf life of frozen and refrigerated dough, frozen cookie dough, frozen muffins and cookies.
Challenges: Lack of support for transport infrastructure in emerging markets
Refrigerated storage and transportation is a prerequisite for an efficient supply chain in this market. However, developing markets such as Asia-Pacific, Gulf and Latin American countries lack efficient transport infrastructure and are not well connected. Missing links in these networks continue to limit route choice, while insufficient capacity and poor quality infrastructure add costs and time to transit.
Increase in demand for healthy frozen bakery products due to changing customer preferences and hence the development of specialty frozen bakery products.
The specialty frozen bakery products market is expected to achieve exponential growth in the future owing to the increase in consumer preference as an alternative to unhealthy baked goods. The economic development of emerging and developed economies has led to a very dynamic bakery products market scenario. Rising consumer health issues have provided a lucrative growth opportunity for specialty bakery manufacturers to introduce fortified, gluten-free, organic, low-calorie, and sugar-free products and develop a large consumer base. These factors have led to an increase in the number of specialty bakeries around the world.
Conduct an investigation @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=789
Europe is expected to account for the largest market size during the forecast period
The European frozen bakery products market is expected to be the largest between 2021 and 2026, while the Asia-Pacific market is expected to grow at the highest CAGR. Europe is the largest market for the market, with 56.5% market share in 2020. With many EU member countries actively encouraging manufacturers to produce frozen bakery products, the market is expected to witness a significant growth in the future. Market growth in Europe is largely driven by the well-established French bakery market.
The major service providers in this market are the major players in this market are Grupo Bimbo (Mexico), General Mills Inc. (United States), Aryzta Ag (Switzerland), Europastry SA (Spain), Conagra Brands, Inc. ( United States), Associated British Foods Plc (United Kingdom), Kellogg Company (United States), Lantmannen Unibake International (Denmark), Vandemoortele Nv (Belgium), Premier Foods Group Ltd. (UK), Cargill, Incorporated (USA), Flowers Foods (GA), Bridgford Foods Corporation (USA), Cole’s Quality Foods Inc. (MI) and Dawn Food Products Inc (MI). These players undertake strategies such as new product development, launches and divestments to improve their market positions and expand their competitive advantage. The global market has grown rapidly with the development of new technology, which solves the problems of short shelf life, increased time consumption due to the production process, and improved shelf life.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70%-80% of global business revenue. Currently serving 7,500 customers worldwide, including 80% of global Fortune 1000 companies as customers. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets™ for their revenue decision issues.
Our 850 full-time analysts and MarketsandMarkets™ SMEs track global high-growth markets by following the “Growth Commitment Model – GEM”. The GEM aims for proactive collaboration with customers to identify new opportunities, identify most important customers, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets™ now offers 1,500 MicroQuadrants (positioning top performers among Leaders, Emerging Companies, Innovators, Strategic Players) each year in high-growth emerging segments. MarketsandMarkets™ is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations/disruptions to market by providing research ahead of the curve.
MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledgestore”, connects over 200,000 markets and entire value chains for a deeper understanding of unmet information, as well as market sizing and niche market forecasts.
Company Name: MarketsandMarkets
Contact: Mr. Aashish Mehra
E-mail: Send an email
Address:630 Dundee Road, Suite 430
State: IT 60062
The country: United States