The Europe Frozen Bakery Products market has been estimated at USD 7,021.6 million in 2016 and is projected to reach USD 10,449.0 million by 2022
Hyderabad, India -- (SBWIRE) -- 03/02/2018 -- The Europe Frozen bakery products market has been valued at USD 7,021.6 million in 2016 and is projected to approximate USD 10,449.0 million by 2022, at a CAGR of 8.10%. Frozen bakery product does not require any preservatives as microorganisms cannot grow once the temperature is nine degrees less than zero. They allow customers prepare food in short amount of time while not requiring a pastry chef or a specialized oven. One most vital advantage of frozen bakery product is the lesser food wastage as stores can bake based on demand, whereas keeping remaining products frozen and preserved.
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Enhanced shelf life of merchandise, price advantage over baked fast foods and also the short time necessity for preparation of food are main factors that are expected driving the worldwide frozen bakery products Market.
The rise of specialty frozen baked products is complemented by the healthy offerings related to it. Baking establishments are presently providing specialty baked products that are additionally protein free, dairy free, peanut free, and soy protein free so as to access and capture health aware customer section. The microbiological spoilage of frozen food by molds, yeast, and bacteria ends up in customers selecting safer alternatives to food. The quality and health aware customers are progressively partial towards freshly baked delicacies and artisanal bakers so as to witness indulgence and fullness.
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The convenience issue regarding frozen bakery product is also complemented by the on-the-go snacking trend. The food service sector has been quickly diversifying their product portfolio to include ready to bake and ready to thaw frozen bakery merchandise. The demand for such convenient foods has been increasing from the rapidly rising cafes, restaurants, in-store bakeries and occasional outlets that sometimes procure frozen food and thaw or bake it to supply instant delicacies.
By geography, the Europe market is examined under these regions - UK, Spain, Germany, France and other countries. The high demand for convenience food, coupled with demand for desserts and baked goods in the region propels the market growth.
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The major market share holders in the market are Premier Foods Plc, Vandemoortele NV, General Mills Inc., Kellogg Company, ARYZTA AG, Lantmannen Unibake International, EUROPASTRY, SA and Associated British Foods plc.
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