Increasing the demand for ready-to-eat foods to accelerate the growth of the frozen bakery products market during the period 2021-2028
NEW YORK, USA, December 8, 2021 /EINPresswire.com/ – According to The Insight Partners study on “Frozen Bakery Products Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (breads and rolls, cakes) and pastries, cookies and biscuits and others), category (gluten-free and conventional) and end-user (foodservice and food retailing) ”, the market is expected to grow from 25,312 , $ 32 million in 2021 to $ 33,308.15 million by 2028; it is expected to grow at a CAGR of 4.0% from 2021 to 2028. The report highlights the key factors driving the market growth and leading players along with their developments in the market.
Report Coverage Details
Market Size Value in – US $ 25.31 billion in 2021
Market size value of US $ 33.3 billion by 2028
Growth rate – CAGR of 4.0% from 2021-2028
Forecast period – 2021-2028
Baseline year – 2021
Number of Pages – 166
No. Tables – 83
Number of graphs and figures – 80
Historical data available – Yes
Segments Covered – Product Type, Category, End Use and Geography
Regional scope – North America; Europe; Asia Pacific; Latin America; AEM
Country Scope – US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report Coverage: Revenue Forecast, Company Rank, Competitive Landscape, Growth Factors and Trends
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The demand for frozen bakery products is increasing due to the growing consumer preference for processed or ready-to-eat foods. Additionally, the easy availability of frozen baked goods has influenced the purchasing habits of health conscious shoppers and made frozen baked goods a prominent place in the list of daily consumables. In addition, due to the growth of the food and beverage industry and improving economic conditions, consumers in developed and developing regions around the world are turning to ready-made foods. Rural-urban migration has also increased in developing countries, leading to an increase in street vending, ready-to-eat foods and ready meals. As a result, there has been a noticeable increase in the consumption of ready-to-eat foods, which has resulted in a significant increase in the ready-to-eat food market. In addition, frozen bakery products have also found a shelf in retail stores and supermarkets due to the diversification of distribution channels. In addition, other factors influence the demand for ready-to-eat foods, including a changing workforce and a busy lifestyle. Therefore, the demand for frozen bakery products is expected to increase in response to the increasing demand for ready meals.
Impact of the COVID-19 pandemic on the frozen bakery products market
The COVID-19 outbreak has had a different impact on different industries. Amid the pandemic, the imposition of the lockdown is restricting the supply chain for frozen baked goods. The unavailability of raw materials and labor, due to restrictions on the movement of people, hinders the production of frozen bakery products. The frozen food industry has seen steady growth in the midst of a pandemic as people consume foods that have a longer shelf life. According to the president of the American Frozen Food Institute (AFFI), US frozen food players saw US frozen food sales increase by 18.2% in 2020, which is approx. $ 66 billion in sales.
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Based on the type of product, the global frozen bakery products market is segmented into breads and rolls, cakes and pastries, cookies and biscuits, and others. In 2020, the bread and rolls segment accounted for the largest market share. Bread is a staple food made from a dough of water and flour. It has been an important food in many countries for a very long time. As breads are made from frozen dough, the biological materials, which are present, must be viable and metabolically active until the point of baking when these ingredients are denatured or killed.
The frozen bakery products market is segmented into five main regions: North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2020, Europe accounted for the largest share of the market.
Frozen Bakery Products Market: Competitive Landscape and Key Developments
Dawn Food Products, Inc .; Europastry, SA; Lantmannen Unibake .; Bimbo Group; SAB Dec. V; Aryzta Ag; General Mills, Inc .; Cole’s Quality Foods Inc .; Marques Conagra, Inc .; and Bridgford Foods Corporation are among the key players in the global frozen bakery products market. Leading companies focus on expanding and diversifying their market presence and acquiring new customers, thereby exploiting existing business opportunities.
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