According to the report Frozen Bakery Products Market, published by Market Data Forecast, the global market is projected to reach USD 24.9 billion by 2022, at a CAGR of 8.38% from 2017 to 2022
Hyderabad, India -- (SBWIRE) -- 01/02/2018 -- According to the report published by Market Data Forecast, the global Frozen Bakery Products Market is projected to reach USD 24.9 billion by 2022, at a CAGR of 8.38% from 2017 to 2022. With the changing lifestyles and globalization spreading around the world, frozen bakery products had made life easy for the busy man leaving in the mechanical world so that they do not miss their nutritional target.
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Frozen Bakery Products Market: Drivers & Restraints
One of the major factor driving the global frozen bakery products market is the development of ell-established cold-chain logistics. This has eliminated the basic challenge faced by the frozen foods industry. Further, the increasing demand for ready-to-eat food, and the availability of advanced technologies like flash freezing (in which food can be frozen at -30 o C in less than 10 minutes) are the some of the few factors driving the growth of this market.
However, the health concerns associated with frozen foods and competition with fresh products for market share are few issues hindering the growth of this market.
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Frozen Bakery Products Market: Segmentation
By Product Type
- Frozen Bread
- Frozen Pizza Crust
- Frozen Cake & Pastry
By Distribution Channel
- Artisan Baker
- North America
o United States
o South Korea
- Latin America
o Rest of Latin America
- Middle East & Africa
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Frozen Bakery Products Market: Overview
Frozen pizza crust is the largest segment and is projected to show an increase of 43% in market value by 2022. While the Frozen Cake & Pastry is estimated to register faster growth, followed by Frozen Bread and Pizza Crust.
Europe is leading the global Frozen Bakery market with a share of 45% in 2016 and is predicted to retain its position with a slight reduction in the share value by 2021, which is closely followed by North America. Within Europe, Germany holds the largest share of the market and is predicted to remain constant during the forecast period.
Frozen Bakery Products Market: Key Players
Key players in the market include Associated British Foods plc, Arytza AG, Europastry SA, General Mills, Inc., Grupo Bimbo S.A.B. de C.V., Lantmannen Unibake International, Vandemoortele NV, Cole's Quality Foods Inc., Kellogg Company and ConAgra Foods, Inc.
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