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Global Frozen Bakery Market 2019 Industry Growth & Regional Forecast

Author : Rahul Sankrityayan | Published Date : 2019-06-12 

Global Market Insights, Inc. has announced the launch of Frozen Bakery Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

Most of the western countries such as Germany, France, Spain, and Mexico include pizza as a part of their staple diet. With changing globalization trends, pizza and related baked products have penetrated the APAC region as well. On these grounds, pizza crust covered more than 30% of the overall revenue in frozen bakery market and will collect considerable revenue by the end of 2024. The development and emergence of new pizza crust recipes incorporated with healthy ingredients will fuel the product demand mainly across U.S. Italy, and Russia.

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Frozen foods have been gaining renewed popularity since the last two decades, subject to high demand for rising food durability. Frozen bakery market, one of the most renowned sectors of the global food & beverages business space, has been gaining traction of late owing to the popular consumer demand for frozen baked goods pertaining to their longer lifespan as compared to traditional baked items. In addition, a hectic lifestyle, shifting consumer preferences toward processed food, and increasing disposable incomes will further stimulate frozen bakery industry share.

Europe frozen food bakery is slated to witness substantial growth rate over the coming seven years.  Exponentially growing tourism and catering sectors across this region will impel the regional growth. UK, Germany, and France will be the significant revenue contributors.

Asia Pacific frozen food market will cover over 20% of the global landscape. Shifting consumer trends toward the consumption of frozen products will fuel the industry growth. Frozen food products offer vital benefits over regular foods, owing to which consumers have been giving preference to the same. Eco-friendly manufacturing process, easy availability, affordable prices, and better quality are few of the notable benefits of the frozen products.

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Frozen bakery industry from breads will generate a significant revenue with an annual growth rate of more than 8% over the years ahead. Bread is standardized as the main diet of Americans. Increasing consumption of frozen food products across America will stimulate the regional growth.

Global Frozen Bakery Market, by Recipe

  • Bread
  • Viennoiserie
  • Patisserie
  • Savory snacks

Global Frozen Bakery Market, by Product

  • Ready-to-prove
  • Ready-to-bake
  • Fully baked

Latin America frozen bakery industry collected a revenue of USD 1.4 billion in 2016 and will record considerable annual growth rate over 2017-2024. This region is likely to boost the product demand notably over the years ahead pertaining to the rising requirement of frozen food along with changing consumer lifestyles. In addition, surge in per capita income has led to a rise in the economic growth of the region, thereby influencing LATAM frozen bakery industry.

Frozen bakery market size from hypermarkets and supermarkets will surpass a revenue generation of USD 9 billion by 2024. Supermarkets are becoming popular across the globe owing to the availability of branded bakery products at low prices. Moreover, rapid growth in population across the globe will also enhance frozen bakery industry growth.

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The noteworthy players in frozen bakery market are Vandemoortele N.V., Kellogg Company, Conagra Brands Inc., Grupo Bimbo, Lantmännen Unibake, Europastry, Associated British Foods plc., Cole’s Quality Foods Inc., General Mills, Inc., Aryzta AG, American Desserts, General Waffel Manufactory, Bridgford Foods Corporation, Flowers Foods, Pepperidge Farm, Deiorio Foods, Inc., Alpha Baking Company Inc., Warburtons Bakery, Custom Foods, Inc., Maple Leaf Foods Inc., and Cargill Corporation.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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