Global Frozen Bakery Products Market is expected to reach US $ 62,003.25 MN By Forecast year 2028

September 08 05:34 2021
Global Frozen Bakery Products Market is expected to reach US $ 62,003.25 MN By Forecast year 2028
Frozen Bakery Products market Data And Industry Growth Analysis | Stratistics Market Research Consulting
Frozen Bakery Products Market size is expected to grow from US $ 38,319.36 MN in 2020 to US $ 62,003.25 MN by 2028, at a CAGR of 6.2%.

The market report “Frozen Bakery Products Market by Sources (Barley, Corn, Rye and Wheat), Products (Pretzels, Waffles, Frigid Cake & Freezing Pastries, Cookies & Biscuits, Breads & Rolls, Pizza & Cold Pizza Crust, Morning Goods, Pancakes and Bagels), Form of Consumptions (Ready-to-Bake (Partially Baked Frozen Products), Raw Frozen, Raw Products, Ready-to-Proof (Frozen Dough), Ready-to-Eat (Fully Baked) and Ready-to-Make), Specialty Types (Non-Specialty and Specialty), Sales Formats (Pre-Packed Part-Baked, Fresh and Pre-Packed Baked), End Users (Hotels and Restaurants, Food Processing Industry, Bakery Chains, Convenience & Independent Retail, Quick Service Restaurants (QSR) and Large Retail), Distribution Channels (Departmental Stores, Traditional Grocery Store, Conventional Stores, Food Services, Catering & Industrial, Store-Based and Specialty Stores) and Region – Forecast to 2028”. The frozen bakery products market is growing at a CAGR of 6.2% by 2028, owing to the extended shelf lives of products.

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Based on form of consumptions, the ready-to-bake (partially baked frozen products) segment is estimated to grow at highest CAGR segment during the study period.On the basis of form of consumptions, the market is categorized into ready-to-bake (partially baked frozen products), raw frozen, raw products, ready-to-proof (frozen dough), ready-to-eat (fully baked) and ready-to-make. The ready-to-bake (partially baked frozen products) segment is estimated to be the fastest growing market segment strongly driven by the progress of freezing technologies which offers the prominent conservation solutions for the bakery management by increasing the durability of products and the facility of making fresh bakery products.

Based on distribution channel, the food services segment is anticipated to grow faster during the forecast period.On the basis of distribution channel, the market is segmented into departmental stores, traditional grocery store, conventional stores, food services, catering & industrial, store-based and specialty stores. The food services segment is projected to grow faster during the forecast period as the majority of the consumers prefer visiting quick-service restaurants, coffee shops, and restaurants to enjoy a gastronomy experience.

By geography, North America is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is experiencing a dominant position in the frozen bakery products market. This is mainly because frozen items are picking up significance among youthful customers in North America and the development of specialty frozen baked merchandise is a developing pattern because of healthy item contributions in the region.

The key players in this market are General Mills Inc., Kellogg Company, Associated British Foods PLC, Europastry S.A., Conagra Brands, Inc., Cargill, Inc, Grupo Bimbo, Flower Foods Inc., Dawn Foods Products Inc., Vandemoortele, TreeHouse Foods, Inc., Aryzta AG, Cole’s Quality Food Inc, Nestle SA and Tyson Foods.

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