Market Overview
Global Frozen Bakery Products Market is expected to register a CAGR of 7.50% and reach USD 24,527.3 Million by 2026. Frozen bakery products include all pre-cooked bakery products that are kept frozen until used. Freezing is one of the quickest, easiest, most convenient, and versatile methods of preserving food. Frozen Bakery Products Market Growth maintain more of their original flavor, color, and texture and have higher nutritional values compared to food preserved by other methods. Different types of bread & rolls and pizza & pizza crust are common examples of frozen bakery products.
Market Dynamics
Global Frozen Bakery Products Market has witnessed significant growth over the last few years and is projected to register a 7.50% CAGR during the forecast period. The key drivers fueling the growth of the global frozen bakery products market are the rising demand for convenience food, the increasing number of working women, and the rapid growth of the organized retail sector. However, the high price of the products is set to curb the growth of the global frozen bakery products market. Nevertheless, the increasing investments in the cold chain market in developing countries and the growing demand for organic products are expected to create lucrative opportunities for players operating in the global frozen bakery products market during the forecast period.
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Segmentation
Based on Product Type, the Global Frozen Bakery Products Market has been divided into breads & rolls, pizza & pizza crust, cakes & pastries, cookies & biscuits, others. The breads & rolls segment has accounted for the significant market share in the global frozen bakery products market in 2019 and projected to retain its dominance throughout the forecast period of 2020–2026. However, the pizza & pizza crust segment is projected to witness the highest CAGR of 7.96% during the forecast period.
Key Players
Market Research Future identified Grupo Bimbo S.A.B.de C.V.(Mexico), Conagra Brands, Inc.(US), Associated British Foods PLC (UK), General Mills Inc. (US), Lantmännen Unibake (Denmark), Kellogg Company (US), Aryzta AG (Switzerland), Vandemoortele NV (Belgium), Europastry S.A. (Spain), and Cole’s Quality Food Inc.(US) as the Key Players in the global frozen bakery products market.
Regional Analysis
Geographically, the global frozen bakery products market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Europe dominated the market, accounting for the largest share in 2019. North America frozen bakery products market accounted for the second-largest market share in 2018. Asia-Pacific is projected to register the highest CAGR of 8.10% during the forecast period.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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