“Latest Market Overview for Frozen Bakery Products Market Research Report 2018-2023 with CAGR XX%
Global Frozen Bakery Products Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Frozen Bakery Products market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Alpha Baking Company
- Aryzta AG
- Associated British Foods PLC
- Barilla Holdings Spa
- Bridgford Foods Corporation
- Conagra Brands
- Custom Foods
- General Mills
- Grupo Bimbo
- Kellogg Company
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Description of Frozen Bakery Products Market: The global frozen bakery products market was valued at USD 16543.47 million in 2017 and is expected to register a CAGR of 8.0% during the forecast period (2018 – 2023). The intra-industry competitiveness is high and affects the market. The consumer demand is however, affected by the quality and health concerns. Growing food service market has encouraged the growing consumer demand for frozen bakery products.
Demand for Convenience in Bakery products
The convenience factor associated with frozen bakery products is also complemented by on-the-go snacking trend. The food service sector has been rapidly diversifying their product portfolio to include ready to bake and ready to thaw frozen baked goods. The demand for such convenient foods has been increasing from rapidly emerging cafes, restaurants, in-store bakeries and coffee shops that typically procure frozen baked goods and thaw or bake it to provide instant delicacies.
The rise of specialty frozen baked goods is complemented by the healthy offerings associated with it. Baking establishments are increasingly providing specialty baked goods that are gluten free, dairy free, peanut free, and soy protein free in order to access and capture health conscious consumer segment. The microbiological spoilage of frozen baked goods by molds, yeast, and bacteria leads to consumers opting for safer alternatives in fresh baked goods. The quality and health conscious consumers are inclining towards for fresh baked delicacies and artisanal bakers in order to experience the indulgence.
Frozen Cake is the fastest growing segment by product
The frozen bakery products have grown in popularity due to their ease of preparation, similarity to homemade products, the time and cost savings these items provide to restaurants and other institutional outlets. Consumer preference for artisian cake is dominant during festive occasion. Increased demand of exotic flavors in frozen cake is driving the frozen cake market. It records a CAGR of 8.9% during the forecast period. The consumption of cakes in the developed regions is mostly because of its convenience and health attribute. There is a growing popularity in to-go cake products; baked off or made at convenience of the consumer.
Scratch baking is labor intensive and requires long time. Industry is shifting from traditional baking to Bake off technologies (BOT). Three key BOT are Unfermented frozen dough (UFD), partially baked frozen bread (PBF) and partially baked unfrozen bread (PBUF). Frozen semi-baked goods and ready-to-bake goods is also an important product segment for the food industry, especially for hotels and the catering industry. The Ready-To-Bake frozen bakery products market is expected to register a CAGR of 8.6% during the forecast period.
Asia pacific is the fastest growing region
European bakery industry leads the global bakery market, and so does the frozen bakery industry. Morning goods is the most dominating segment in the industry. People prefer convenient and grab and go products in the breakfast menu and this has favored the increasing demand for frozen bakery products. Availability of gluten-free frozen baked goods has indeed helped in the growth of the market.
Asia-Pacific region is expected to grow at a CAGR of 8.6% during 2018 – 2023, in specific, India is witnessing a growing demand for frozen bakery products. Frozen bakery is the North America is growing in frozen par-baked bread market. “Parbaked” products are baked to within 90% of completion, then quick frozen and shipped to customers for the final 12-15 minutes of baking.
Health-consciousness and indulgence are two parallel trends dominating the U.S. bakery products market. The developed markets of Western Europe in bakery products are matured and saturated as compared to an emerging markets of Eastern Europe which are driving the sales of biscuits and breads in particular, owing to the high demand for convenient food products.
• December 2017: Europastry will have expanded its presence on Ulabox and Foodinthebox, two online sales platforms aimed at end customers.
• November 2017: General Mills manufactured baking mixes and frozen baked goods with no artificial flavors or colors for its Gold Medal and Pillsbury brands
• January 2017: Grupo Bimbo acquired frozen bakery brand Panattiere.
Major Players: ALPHA BAKING COMPANY, Inc., ARYZTA AG, ASSOCIATED BRITISH FOODS Plc, BARILLA HOLDINGS SPA, BRIDGFORD FOODS CORPORATION, CONAGRA BRANDS, INC., CUSTOM FOODS, Inc., EUROPASTRY, EUROPASTRY, S.A., GENERAL MILLS, Inc., GRUPO BIMBO, KELLOGG COMPANY
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The Global demand for Frozen Bakery Products Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Following market aspects are enfolded in Global Frozen Bakery Products Market Report:
- A wide summarization of the Global Frozen Bakery Products Market.
- The present and forecasted regional market size data based on applications, types, and regions.
- Market trends, drivers and challenges for the Global Frozen Bakery Products Market.
- Analysis of company profiles of Top major players functioning in the market.
Frozen Bakery Products Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Frozen Bakery Products Market players in detail. Frozen Bakery Products Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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Which are the important factors that are mentioned in the Frozen Bakery Products Market report 2023?
- Key Market Dynamics: The Global Frozen Bakery Products Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
- Major Growth Prospects:The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
- Key Market Highlights: The report gives us an in-depth Market analysis on some of the Frozen Bakery Products Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
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The growth of this market worldwide is subjected to various factors; including consumer world-class Frozen Bakery Products Market of many Frozen Bakery Products Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
Conclusively, this report will provide you a clear view of each fact of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.