Frozen Bakery Products Market by Product, Source, End-Use, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2018-2025
PORTLAND, OR, USA, July 27, 2022 /EINPresswire.com/ — The frozen bakery products market includes bread, cakes, pastries and donuts, derived from corn, rice, wheat, barley, oats and rye. Consumption of these sources used as raw materials for baked goods varies across the world. These are rich in nutrients and taste, have a relatively longer shelf life and are convenient to use, which is driving the demand for these products in the market. Frozen bakery products are usually sold in various stores, cafes and restaurants. The global key parameters responsible for the market growth signify positive signs for the frozen bakery products market forecast.
Global Frozen Bakery Products Market was valued at USD 33,870 Million in 2017 and is projected to reach USD 49,118 Million by 2025, growing at a CAGR of 4.2% from 2018 to 2025.
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Frozen bakery manufacturers and research institutes invest heavily in R&D to introduce new products that meet the different needs and requirements of their target customers. This is considered to be one of the influential factors having a positive impact on the forecast of the global frozen bakery products market. Asia-Pacific countries such as China, India, and others are potential markets for the frozen bakery products market.
Over the past couple of years, there has been an increase in the need for frozen ready meals, fruits and vegetables across most of the world due to various health benefits associated with the product. This is driving the market growth in North America and Europe. Frozen foods avoid the risk of additives or preservatives. In addition, these products have a longer shelf life than other food products. Even in terms of price, frozen food products are often cheaper than chilled or fresh food products. These factors are driving the growth of the frozen bakery products market. Moreover, the consumer is looking for the convenience of buying, cooking and consuming any product due to their hectic lifestyle. These products reduce shopping and cooking time for end users, thereby driving the growth of the frozen bakery products industry.
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The global frozen bakery products market is segmented into product type, source, end use, distribution channel, and region. Based on product type, the market is divided into breads, pizza doughs, cakes & pastries, waffles, donuts, and cookies. The bread segment accounts for the highest market share attributable to the increase in consumption of frozen breads in the UK, Germany and France. Some of the key players in the market are focusing on introducing innovative bakery products that meet the needs of their target customers. In terms of source, barley and rye account for the highest market share owing to the increase in demand for raw materials among manufacturers.
Key Players profiled in this report are General Mills (Pillsburry), Aryzta AG, Grupo Bimbo SAB de CV, Europastry, SA, Lantmannen Unibake International, Associated British Foods plc, Flower Foods Inc., TreeHouse Foods, Inc., Dawn Foods Products Inc., and Vandemoortele NV.
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