Frozen foods have a long shelf life and require no preservatives, which is highly sought after in the fitness community. In addition, frozen foods retain
PORTLAND, OR, USA, April 4, 2022 /EINPresswire.com/ — APMEA Frozen Bakery Products Market by Product Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2019-2026,” Size of the APMEA frozen bakery products market was valued at USD 7,537.1 million in 2018 and is projected to grow at a CAGR of 5.6% to reach USD 11,560.9 million in 2026. The bread segment was largest contributor, with $2,499.0 million in 2018, and is expected to reach $3,531.6 million by 2026, at a CAGR of 4.5% during the forecast period.
The APMEA frozen bakery products market is expected to witness notable growth over the forecast period. This can be attributed to the growing adoption of frozen foods around the world. Additionally, changes in the consumption habits of people in the APMEA region, especially emerging regions such as China, Indonesia, and India, are driving the growth of the APMEA frozen bakery products market. However, the negative consumer perception due to lack of awareness of frozen products is the major holdback for the market. On the contrary, increasing disposable income in the APMEA region, rising number of fast food restaurants, and innovations in product offerings are expected to pave the way for the growth of the APMEA market in the coming years.
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The APMEA frozen bakery products market is segmented on the basis of product type, distribution channel and country. The product type segment is further categorized into breads, pizza crusts, cakes & pastries, waffles, donuts and cookies. By distribution channel, the market is classified into distribution, catering, specialized trade and agri-food. By country, the market is categorized into Australia, New Zealand, Japan, Korea, Taiwan, Hong Kong, China, India, Indonesia, Thailand, Singapore, Philippines, Rest of Asia-Pacific, Middle East & Africa.
According to APMEA Frozen Bakery Products Market Analysis by Product Type, the bread segment was the largest category in 2018 and is expected to remain dominant during the forecast period. The waffle segment is expected to grow at a highest CAGR of 7.4% throughout the forecast period.
According to the APMEA frozen bakery products market forecast, the foodservice segment was the largest contributor to the APMEA frozen bakery products market in 2018 and is expected to remain dominant until 2019-2026. The catering segment is also expected to experience the fastest growth during the forecast period with a CAGR of 6.3% from 2019 to 2026.
By country, China was the largest market in 2018 and is expected to dominate the APMEA market through 2019-2026. Major players in the industry have adopted a number of strategies such as product launch, expansion and acquisition as the strategies of choice to stay competitive in the market.
Key APMEA Frozen Bakery Products industry players profiled in the report include 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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