New York, NY, July 14, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Frozen Bakery Products Market By Type (Frigid Bread, Freezing Pastries, Frigid Cake, Cold Pizza Crust, And Others), By Product (Buns, Donuts, Rolls, And Others), and by Distribution Channel (Caterers & Bakers, Baker’s Shops, Industrial Catering, And Retailers) - Global Industry Perspective, Comprehensive Analysis And Forecast, 2017 – 2024”.
According to the report, the global frozen bakery products market was valued at around USD 16.54 billion in 2017 and is expected to reach approximately USD 28.35 billion by 2024, growing at a CAGR of around 8.24% between 2018 and 2024.
Bakery products such as buns, rolls, donuts, cakes, pastries, bread, cookies, pancakes, muffins have a very short shelf-life and are likely to get spoil by micro-organisms such as bacteria, yeast, and molds. Hence, consumers avoid purchasing bakery products in large quantity and like to have it fresh but in less quantity. Thus, storage of bakery products at a proper temperature is must to ensure to reduce wastage and safety. Consequently, the demand for frozen bakery products is expected to rise during the forecast period.
Browse through 54 Tables & 25 Figures spread over 110 Pages and in-depth TOC on “Global Frozen Bakery Products Market Size, Growth 2017: Industry Share, Trends, Segments, Analysis and Forecast, 2024”.
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The market for global frozen bakery products is primarily driven by the rising preference for convenience food such as bakery & confectionery products among the population. Moreover, the increase in the coffee shop chains across the world and the growing demand for frozen bakery products are expected to gain more value during the forecast period. In addition, the development of retail channels and industrial catering channels are some imperative factors driving the global frozen bakery products market within the forecast period. However, raw material prices of bakery products and preference for freshly prepared bakery products could hamper the global frozen bakery products market.
The global frozen bakery products market is divided on the basis of type, products, and distribution channel. Based on the type, the market is fragmented into freezing pastries, frigid bread, cold pizza crust, frigid cake, and others. Among them, cold pizza crust holds dominant market share owing to the high consumption rate which depends on the overall economic growth, an evolution of food culture, and change in lifestyle. These are key factors contributing to the overall market growth of the global frozen bakery products.
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On the basis of the product, the global market is categorized into buns, donuts, rolls, and others. Among which buns and rolls are a fastest growing segments. This growth is attributed towards rising preference for the convenient and grab-on-the-go food in the breakfast menu across the world due to a busy lifestyle and reasonable price.
Based on the distribution channel, the global frozen bakery products market is divided into industrial catering, baker’s shops, caterers & bakers, and retailers. Among them, retailers are the fastest-growing distribution channel in the market. Retailers include convenience stores, supermarket, and hypermarket, are a major distribution channel across the globe. Easy access to frozen bakery products, availability of varieties, and access to national & international brands are imperative factors driving the market growth during the forecast period.
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Europe is expected to be the fastest growing segment during the forecast period. The developed countries such as Germany, Denmark, Switzerland, Norway, Finland, and Greece are projected to contribute the largest market chunk for frozen bakery products. Consumers in this region are able to afford frozen bakery products with improved shelf life and nutrition. Moreover, developing tourism and catering industry in leading countries like France, Germany, and the UK are projected to offer lucrative opportunities in this region during the forecast period.
Followed by Europe, North America is anticipated to show substantial growth within the forecast period. This growth is attributed towards the busy lifestyle of growing demographic population and rising demand for processed food. Indulgence and health concerns are key trends dominating the U.S. frozen bakery products market. For instance, in 2017, Grupo Bimbo Company announced to acquire Panattiere, which a Colombia-based frozen bakery company. This acquisition intends to provide a beneficial opportunity to the Grupo Bimbo Company to tap into emerging market by entering in-store bakery channels and food service. The Panattiere bakery offers sandwich rolls, soft bread, puff pastry, and muffins. In 2016, the Panattiere bakery registered around 20% increase in its sales.
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Asia Pacific region is expected to be the most promising region during the forecast period. The remarkable influence of western culture is rising the standard of living among the demographic population, rising disposable income, and continuously changing eating routine of consumers is expected to drive the overall market growth in this region. Latin America and the Middle East & Africa is poised to be the growth engines for the frozen bakery products market during the forecast period.
The report also includes detailed profiles of key players such Premier Foods Plc, Flowers Foods Inc., Lantmannen, Europastry, Findus Group Quality foods Cole Inc., Vaasan Oy, Maple Leaf Foods Inc., Cargill Incorporated, Bridgford Foods Corporation, Oetker-Gruppe, Aryzta AG, Lantmannen Unibake, Warburtons Baked, Deloris frigid dough products, Associated British Foods Plc., Alpha Baking Company Inc., Grupo Bimbo, Pepperidge Farm, General Mills Inc., Barilla Holding SpA, General Mills Inc., Custom Foods Inc., Talos ZAO, and Kellogg Company. The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.
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This report segments the Global frozen bakery products market as follows:
Global Frozen Bakery Products Market: Type Segment Analysis
- Frigid Bread
- Freezing Pastries
- Frigid Cake
- Cold Pizza Crust
- Others
Global Frozen Bakery Products Market: Product Type Segment Analysis
- Buns
- Donuts
- Rolls
- Others
Global Frozen Bakery Products Market: Distribution Channel Segment Analysis
- Caterers & Bakers
- Baker’s Shops
- Industrial Catering
- Retailers
Global Frozen Bakery Products Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa
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