Global Frozen Bakery Products Market is projected to grow at a significant CAGR from 2017 to 2025
With the increase in population, there is also an increase in demand for food and bakery products. Consumers now look for convenient foods with better taste, flavor, and nutritional content which are influencing the demand for frozen bakery products. The market on the basis of product is segmented into breads, pizza crusts, and cakes & pastries. The cakes & pastries segment is expected to grow the fastest followed by the breads and pizza crusts segment. Frozen bakery products are preferred to their traditional counterparts due to their reasonable prices, longevity, environment friendly manufacturing process, convenience, etc. The fast paced lifestyle of the modern day consumer leaves little time for cooking and preparing food for every meal and therefore the population is slowly resorting to various frozen foods and ready-to-eat food with equivalent nutrient contents to replace hot home cooked food.
The report is designed to provide a complete view on the global Frozen Bakery Products market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Frozen Bakery Products market has been studied considering a short term forecast of the factors/ variables which have an impact on Frozen Bakery Products market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Study Technique: Global Frozen Bakery Products Market
The global Frozen Bakery Products market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Frozen Bakery Products market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Frozen Bakery Products, and customer analytics.
Global Frozen Bakery Products Market Segmentation
Based on application, the market is divided into ready-to-eat, ready-to-make, ready-to-bake and frozen. The ready-to-bake and frozen segments are growing at a rapid pace due to factors such as their wide scale of application, convenience, ease of disposal, etc. Consumers are also very attracted by ready-to-eat products due to their fast paced, and busy lives.
Based on their distribution channels, the global frozen bakery products market is segmented into artisan bakers, retail, catering and industrial. The retail mode of distribution is the most ideal method due to its vast outreach to maximum number of consumers. Ever changing consumer preferences, disposable incomes, and willingness to try new products are key factors driving the growth of this segment.
End-User Landscape (Consumer Profile): Frozen Bakery Products Market
Companies such as Aryzta AG, Grupo Bimbo S.A.B. De C.V., General Mills Inc., Europastry, S.A., and Associated British Foods PLC, among others are investing extensively in the manufacturing and sale of Frozen Bakery Products, which presents a huge opportunity to Frozen Bakery Products suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Aryzta AG, Grupo Bimbo S.A.B. De C.V., General Mills Inc., Europastry, S.A., Associated British Foods PLC, and Conagra Brands, Inc., among others account for the major share in Frozen Bakery Products market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Lantmannen Unibake International, Kellogg Company, Premier Foods PLC, and Vandemoortele NV.
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