The global market for Frozen Bakery has witnessed continued demand during the last few years and is projected to reach USD 21,842.82 Million by 2023, at a CAGR of 6.60% by 2023. Increasing demand for bakery products with high shelf-life and high demand for convenience food products is likely to drive the global frozen bakery market.Europe will continue to dominate the frozen bakery market with more than 35% market share and is projected to reach more than USD 8,000 Million with CAGR of 7.27% by 2023. North America will witness highest growth rate (~7.62%) during forecast period 2017 to 2023. Availability of variety of frozen bakery products has increased the popularity and consumption of frozen bakery products among consumers in developed regions. High focus on R & D has led to innovations in bakery products by increasing the shelf-life of the product and enhancing the nutritional value. All these factors have a positive impact on the frozen bakery market.
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Based on the types available in frozen bakery, breads will witness highest growth rate (~7.61%). By 2023, bread based frozen bakery will reach a market value of more than USD 6,000 Million on a global level. Rising applications of bread and bread based products in fast food chains has a positive influence on its market growth. Rolls and buns are anticipated to grow at a high rate based on increasing demand for on-the-go food products.
By 2023, temperature-proof packaging of frozen bakery will dominate the packaging type in the frozen bakery market and is evaluated to grow at a rate of 7.11% during the forecast period. Temperature-proof packaging of frozen bakery product protects it from the outer environments temperature and hence keeps it stable and fresh for a longer period of time. In addition, temperature-proof packaging also helps in inhibiting the bacterial growth hence has a high demand in frozen bakery marketPizza based application of frozen bakery will continue to dominate the frozen bakery market holding a major share of 17%. High demand for fast food cuisines will help to fuel up its market share. Frozen desserts based application will witness a highest growth rate (~7.70%) during forecast period 2017 to 2023. By 2023, pizza base based application of frozen bakery is projected to grow at a CAGR of 7.09%.
The leading market players in the global Frozen Bakery market primarily are Arista AG (U.S.), Grupo Bimbo SAB de CV (Mexico), Flowers Foods, Inc. (U.S.), Rich Products (U.S.), Lantmannen Unibake, USA, Inc (Denmark), Vandemoortele Bakery Products (France), Europastry Sa (Spain), General Mills, Inc. (U.S.)
• Frozen Bakery manufacturers
• Frozen breads manufacturers
• Food processing industries
• Retailers and wholesalers
• Traders, importers and exporters
• The Global Frozen Bakery market is projected to reach USD 21,842.82 Million by 2023 with growth rate of 6.60%
• Bread based frozen bakery will continue to dominate the frozen bakery type segment with more than 20% market share
• Temperature-proof based packaging of frozen desserts will continue to dominate the frozen bakery market with more than 30% market share and it is projected to grow at a CAGR of 7.11% by 2023
• Pizza base will dominate the frozen bakery applications holding a lion’s share in the frozen bakery market and growing at a rate of 7.09%
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How does the report examine the growth drivers and restraints of the Frozen Bakery Market?
- The factors resulting in the expansion of the Frozen Bakery Market are elaborated in the report after thorough primary and secondary research.
- Analytical strategies focused on gain indicators affecting the growth of the Frozen Bakery Market are presented in graphical formats.
- The business-related trends driving the product consumption are discussed in detail in the report along with industry expertise to minimize the barriers to Frozen Bakery Market growth.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Frozen Bakery Market growth and Frozen Bakery Market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects of Frozen Bakery Market in various geographical regions.
- The competitive landscape analysis on the Frozen Bakery Market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Frozen Bakery Market, underlining the growth rate and opportunities offered in the business.
Regional and Country Analysis of frozen bakery market Development and Demand Forecast to 2023 Market
The reports also cover country level analysis:
• North America
o Rest of Europe
• Asia – Pacific
o South Africa
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