The frozen bakery products market is projected to grow at a CAGR of 6.49% to reach US$25.830 billion in 2024 from US$17.712 billion in 2018. Bakery products are in high demand by the customers worldwide due to the changing lifestyle conditions and thus frozen bakery products have also come into vogue where conventional bakery products are kept frozen until their consumption. Frozen foods do not require preservatives as freezing does not allow microbial growth. Also, carboxymethyl cellulose (CMC), a stabilizer is used in bakery products as it does not cause any adulteration. The rising trend of the ready-to-eat, ready-to-bake food products, and ready-to-thaw baked foods are driving the growth of the global frozen bakery products market and are in high demand in cafe, restaurants, in-store bakeries and many fast food restaurants as well. Additionally, the increasing demand for convenient food, products offering as instant delicacies will drive the market growth in the near future.
DRIVERS
Rising demand for convenience food products
Expanding retail industry
RESTRAINTS
Availability of alternatives
Lack of transport infrastructure in developing economies
INDUSTRY UPDATES
In July 2019, Sara Lee Frozen bakery launched Oakbrook terrace headquarters which the opening of around ten thousand square foot research and development innovation centre which is expected to focus on the innovation and expansion of new flavours and product lines for united states favourite bakery.
In September 2018, Grupo Bimbo inaugurates their Argentina plant after USD31m expansion to facilitate export growth of four new lines for frozen baguettes, pastries and croissants in neighbouring countries like Chile.
The major players profiled in the Frozen bakery products market EUROPASTRY, S.A., Aryzta AG, Speedibake, a division of ABF Grain Products Ltd., Cargill company, Bridgford Foods Corporation, Conagra Brands, Inc., Flowers Foods, Inc., Lantmännen Unibake, Dawn Food Products, Inc. and General Mills Inc.
Segmentation
The Frozen bakery products market has been analyzed through the following segments:
By Product
Frozen Bread
Frozen Pizza Crusts
Frozen Cakes and Pastries
Others
By Distribution Channel
Online
Offline
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Others
Asia Pacific
China
Japan
South Korea
India
Others
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