Frozen Bakery Products Market Worth $ 33,308.15 Billion By 2028 – Exclusive Research By The Insight Partners

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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 IN value- 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 surging, owing to the rise in consumer preferences towards processed or convenience foods. In addition, the availability of frozen baked goods has influenced the purchasing model for buyers who are concerned with the food commodity and made a strong place for frozen baked goods 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 are moving worldwide towards convenience foods. Rural-urban migration has also increased in developing countries which has led to an increase in street vending, ready-to-eat, and ready-made 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 convenience foods market. In addition, frozen baked goods have also found a shelf in stores and supermarkets due to the diversification of distribution channels. In addition, other factors driving the demand for convenience foods include the change in working demographics and a busy life. Therefore, the demand for frozen bakery products is expected to increase in response to the increasing demand for convenience foods.

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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The Insight Partners is the industry’s unique research provider for actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Health Informatics, Manufacturing & Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.

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