Sellbyville, DE -- (SBWIRE) -- 05/29/2019 -- The LATAM frozen bakery market, in the recent years, is witnessing a significant growth, given the rapid advancements in the retail space and rising disposable income levels of majority of the population. The robust outbreak of fast food outlets and restaurant chains have further led the LATAM frozen bakery industry to traverse along a lucrative growth graph in the past few years. The overall valuation of the LATAM frozen bakery market hitting USD 4.3 billion in 2017, stands as a valuable substantiation to the fact that this business sphere is to nothing but proliferate in the coming years, with new product launches, rising investment trends, and increasing number of industry magnates' going the whole hog to establish their stance in this multi-billion-dollar business cosmos.

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Aryzta, the Swiss-Irish frozen bakery market player, has recently unveiled its plan to build a factory in Brazil, which would manufacture frozen products. It has been reported that the plant would be Aryzta's fifth in the country, and it will be investing 150 million Brazilian real (€33.8m) for the bread making facility. Aryzta is further seen strengthening its ties with the local customers including the food-service outlets of Subway, Burger King, and Starbucks, while it is supplying its frozen bakery products to Prezunic and Walmart in the retail sector. If reports are to be believed, these quick serving restaurants – that forms the important channel for Aryzta – accounts for more than 50% of food-service revenue in Brazil.
Unveiling LATAM frozen bakery market trends in Colombia:

Colombia is quickly rising as a prominent player of the LATAM frozen bakery market. One of the major reasons behind the projected growth is the nation's rising prominence as must-visit vacation destination which has prompted advancements across as plethora of different retail channels across the nation. The growing number of hotels, restaurants as well as other food-related outlets that are popping-up across tourist hotspots inside the nation have also led to a rapid increase in consumption of an array of different bakery products such as cakes, pastries and breads.

According to a 2016 report by the Colombian Chamber of Commerce, there are more than 32,000 restaurants and food outlets inside the nation's capital of Bogotá alone. These factors have also attracted investments from large multinational corporations such as Europastry, which according to its 2017 annual report, established its presence in the Latin America market to capitalize on the projected future growth. On these grounds, it would not be incorrect to quote that Colombia would emerge as the go-to growth avenue for prominent stakeholders of LATAM frozen bakery market. Indeed, Colombia frozen bakery market size has been estimates to register a CAGR of more than 6% over 2018-2024.

Unveiling LATAM frozen bakery market trends from bread recipes:

Bread forms the basis of most baked goodies, specifically across LATAM, making bread-based frozen bakery products a prime revenue generator of the regional industry. The rising margin of disposable income has ensured the sustained growth of specialty food products such as the ones offered by U.S-based Hostess Cakes as well as Mexico's Grupo Bimbo. When considered through a volume-based perspective, the LATAM frozen bakery market is slated to be governed by the bread segment, which is projected to make up for the lion's share of the overall market. Indeed, bread is predicted to account for an unprecedented 63% of the LATAM frozen bakery market share by 2024.

The rapidly increasing rate of bread consumption in the region would be the primary factor that would be fueling the growth of LATAM frozen bakery industry. The potential of growth is further supported by the 2017 annual report of fast-food giant, McDonald's, which reportedly claims that the company's comparable sales inside the foundation markets rose by approximately 9% and the comparable guest count going up by about 3.3%, with Japan as well as Latin America leading the charge with significantly strong performances.

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Powered by the presence of numerous business expansion opportunities in the hospitality and the F&B sectors, the LATAM frozen bakery market is projected to witness an incredible growth rate in the years ahead. According to Global Market Insights, Inc., the increasing rate of consumption of different baked products across Latin America and the proliferating economic growth in the region are expected to turn the LATAM frozen bakery market into a $5.7-billion industry by 2024.