The global frozen bakery products market size is expected to reach US$ 37.9 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 7.1% CAGR between 2019 and 2029. According to the report rising demand for bakery and frozen food products will surge the demand for frozen bakery products market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the frozen bakery products market. Some of these are:
- The estimated value of the market was at US$ 19.1 Bn Mn in 2019. Through the course of the report’s forecast period, the market will show a steady pace of growth.
- Regionally, North America has emerged as a key market for Frozen Bakery Products holding the largest share at a global scale.
- Latin America and Asia will remain steady as key markets for frozen bakery products.
- Due to coronavirus outbreak consumers are more inclined towards healthy food and turning to health-conscious diets. As a result the demand for frozen bakery will surge.
- Key players are likely to focus on product innovations and business collaborations to stay relevant in developed markets.
“The demand for frozen bakery products will pick up particularly during COVID-19 outbreak, as consumers stockpile on essential commodities to sustain during extended periods of lockdown,” said a lead analyst at FMI.
Increasing Consumer Preference for Bakery And Confectionery Food Products Amid Coronavirus Lockdown Will Affect Growth
The frozen bakery items are made from ingredients which are derived from corn, wheat, rye, and rice. Frozen bakery products such as bread, cakes, pastries, and donuts are currently in high demand primarily because they are convenient to eat and can be stored for an extended period of time. Furthermore, they are rich in taste and nutrition. These factors will boost popularity of frozen bakery products worldwide.
For More Detailed Insights on Frozen bakery products Market
Consumers are stockpiling on essential commodities to sustain during lockdown period enforced due to the recent coronavirus outbreak. Manufactures are facing some logistics issues due to sudden spike in demand. This can negatively impact the market. All the government bodies of affected areas are taking corrective measure to support their population with supply of essential food products and this might help manufactures to deal with the disrupted logistics channel.
Who is Winning?
Some of the leading players operating in the Frozen Bakery Products market General Mills (Pillsburry), Grupo Bimbo S.A.B. de C.V., Aryzta AG, Europastry, S.A., Associated British Foods plc, Lantmannen Unibake International, Flower Foods Inc., Dawn Foods Products Inc., TreeHouse Foods, Inc., and Vandemoortele NV. In order to capture a larger market share, key market players are undertaking initiatives and adopting strategies such as entering into partnerships, engaging in mergers and acquisitions and maintaining competitive pricing.
Get Valuable Insights into Frozen Bakery Products Market
Future Market Insights, in its new report, presents an unbiased analysis of the global frozen bakery products market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights into growth witnessed in the market. On the basis of type, the market is segmented as breads, pizza crust, cakes & pastries, waffles, donuts, and cookies. On the basis of source, the market is segmented into corn, wheat, barley, and rye. On the basis of application, the market is segmented into retail, food service industry, and food processing industry. On the basis of distribution channel the market is segmented into artisan bakers, retail, and catering & industrial. Regionally, the market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
About Food & Beverages division of FMI
Expert analysis, actionable insights, and strategic recommendations - the Food & Beverages team at FMI helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 100+ countries for over a decade. The team provides end-to-end research of the global food & beverage market and consulting services; know how we can help.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.