Frozen Bakery Products Market Trends, Segment and Future Growth to 2023 - Major Key Players are Associated British Foods plc, ARYZTA AG, EUROPASTRY, General Mills, Kellogg Company, Premier Foods Plc, Vandemoortele NV, ConAgra Foods, Grupo Bimbo

Frozen Bakery Products Market Overview:

Frozen bakery products allow customers prepare food in a short period of time without requiring a pastry chef or a specialized oven. They do not require any preservatives as microorganisms cannot grow when the temperature is below-9.5 °C. The other most important benefit of frozen bakery products is less food wastage as stores can bake based on demand, while keeping remaining products frozen and preserved.

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Frozen Bakery Products Market Size:

According to Market Data Forecast, The Global Frozen Bakery Products Market has been estimated at USD 18.16 Billion in 2018 and is projected to reach USD 27.16 Billion by 2023, at a CAGR of 8.38% during the forecast period from 2018 to 2023.

The market for Frozen Bakery Products is mainly driven due to growing trend towards ready-to-bake products and rising demand for convenience food products due to hectic lifestyles. Also, quick-service restaurants and retail chains are being benefitted from frozen bakery products as they can now readily thaw frozen bakery products or prepare fresh items using frozen dough. But the market growth can be constrained due to preference for freshly baked products, scarcity of raw materials along with high costs of packaging and transportation.

Market Segmentation:

Global market for Frozen Bakery Products is segmented based on type and distribution channel. By type, the market is further sub-segmented into Frozen Bread, Frozen Pizza Crust, Frozen Cake & Pastry. By Distribution Channel, the market is further sub-segmented into Artisan Baker, Retail, Catering. Frozen bread market consists of the largest share followed by the frozen cakes and pastries market among others. Increased consumption of bread has created a saturated market for frozen bread while frozen cakes and pastries are growing fast.

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Geographical Analysis:

Geographically, Global market for Frozen Bakery Products is segmented into North America, Asia Pacific, Latin America, Europe, and Middle-East and Africa. Europe is the biggest market in terms of market share across the globe, followed by North America. The European market for Frozen Bakery Products is witnessing a considerable growth due to high growth owing to increasing demand for “thaw-and-serve” and “bake-off” products that offer convenience to households as well as retail bakeries, grocery stores, and quick-service restaurants. The Frozen Bakery Products market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly affected due to growing technological innovation, and increasing consumer preference towards convenience and ready-to-eat meals.

Market Key Players:

• Associated British Foods plc
• ARYZTA AG
• Lantmannen Unibake International
• EUROPASTRY
• General Mills Inc
• Kellogg Company
• Premier Foods Plc
• Vandemoortele NV
• ConAgra Foods Inc
• Grupo Bimbo S.A.B. de C.V

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Reasons to Purchase Frozen Bakery Products Market Report:

• Current and future Frozen Bakery Products Market Outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet in excel

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