Frozen Bakery Products Market Overview:
Frozen Bakery Goods consist of tasty treats like cakes, biscuits, cookies, pastries, pizzas, breads etc. Because of the convenience factor, the market has grabbed abundant attention and is growing at a rapid pace. The market is attractive for consumers who look for a ready-to-eat available food option and this is favouring morning breakfast menus globally. Europe is the world leader for the frozen bakery products.
Frozen Bakery Products Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, Frozen Bakery Products Market was valued at USD 11.07 billion in 2013 and projected to reach USD 24.59 billion by 2023 growing at a CAGR of 8.31% during the forecast period 2013 to 2023.
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Frozen Bakery Products Market Drivers and Restraints:
Baking establishments are increasingly providing specialty baked goods that are gluten-free, dairy-free, peanut-free, and soy protein-free to access and capture the health-conscious consumer segment.
The quality and health-conscious consumers are inclining towards fresh-baked delicacies and artisanal bakers to experience indulgence and satiety.
Geographical Overview of Frozen Bakery Products Market:
Asia-Pacific is expected to grow at a CAGR of 8.6% during 2018-2023 with India witnessing a growing demand for these products. Frozen bakery in North America is growing in the frozen par-baked bread market.
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Key Players of Frozen Bakery Products Market:
Some of the key players of Frozen Bakery Products Market are Kellogg Company, General Mills, Bridgford Foods Corporation, Alpha Baking Company Inc, Pepperidge Farm, Maple Leaf Foods, Conagra Brands, Vandemoortele, Lantmännen Unibake, Cargill, Général Waffle Manufactory SPRL, Cole’s Quality Foods and EUROPASTRY S.A.
Frozen Bakery Products Market Segmentation:
By Product:
- Breads
- Rolls
- Pizza Crusts
- Cakes
- Muffins
- Pound cakes
- Pancakes
- Pastries
- Donuts
By Distribution Channel:
- Catering & Industrial
- Artisan Bakers
- Retail
- Supermarkets & Hypermarkets
- In-Store Bakeries
- Convenience Stores
By Technology:
- Ready Baked & Frozen
- Raw Products
- Ready-to-Bake
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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