Frozen Bakery Products Market Size and Growth Rate:

“The Global Frozen Bakery Products Market was valued at US$ 16,462.6 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to increasing popularity of convenience foods coupled with busy work life drives the growth of the market”

Frozen Bakery Products Market Growth Drivers and Restraints:

The global frozen bakery products market was valued at US$ 16,462.6 Mn in 2018 and growing at a CAGR of 5.3% over the forecast period owing to changes in the lifestyle and upsurge in mandate for the processed food. Additionally, storage of the products are longer, available at affordable price, convenience and ease in consumption supports to fascinate the people towards frozen bakery products. Furthermore, rising tendency of fast service brasseries, increasing mandate for low-fat foods are anticipated to foster the growth of the market share. However, strict regulatory framework, shortage of facilities for preservation, inadequacy of distribution channels in country and semi-urban areas, disposition towards freshly baked foods are the major factors anticipated to restrain the growth of the market.

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Breads segment accounted for higher revenue share

Based on product type, global frozen bakery products market is segmented biscuits and cookies, pizza crusts, pastries, cakes, breads, frozen desserts, and others. Breads segment accounted for the largest market share in 2018 and is expected to grow with highest CAGR over the forecast period owing to rising demand for bread products in developed countries such as United States, Germany, Spain, UK, and others. The emerging markets are also highly adopting to frozen foods which is the foremost factor projected to boost the growth of the market.
Europe holds leading position in Global Frozen Bakery Products Market

PBI’s global frozen bakery products market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, Europe is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to upsurge in the necessity of frozen bakery products surges the demand for these products in the market. However, the market in European region is highly matured, the rise in economic situation and launch of variety of products in the market coupled with increasing disposable income are anticipated to drive the growth of the market. Asia Pacific is anticipated to grow with significant CAGR over the future years owing to increasing adoption of frozen food products coupled with increasing disposable income and busy schedule in working space boosts the growth of the market.
Recent Developments in the Global Frozen Bakery Products Market

 In January 2019, Croda International Plc., announced that it has acquired Brenntag Biosector
 In 2017 January, Nestle Dreyer’s Ice Cream Co. and Hostess Brands entered into a license agreement for the manufacturing and distribution of Hostess frozen novelties by Nestle.
 In 2015 Nov, Genius foods, a gluten-free bakery company acquired Chapel food which is a frozen pie-making company.

Key player’s profiles in the report are Kellogg Company (U.S.)., Associated British Foods plc (U.K.), Vandemoortele NV (Belgium), Grupo Bimbo S.A.B. de C.V. (Mexico), Aryzta AG (Switzerland), Europastry, S.A. (Spain), Lantmannen Unibake International (Denmark), Premier Foods plc (U.K.), Conagra Brands, Inc. (U.S.) and General Mills Inc. (U.S.).

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Detailed Segmentation of Frozen Bakery Products Market:

By Product Type
o Biscuits and cookies
o Pizza Crusts
o Pastries
o Cakes
o Muffin
o Pancake
o Others
o Breads
o Frozen desserts
o Frozen Cakes
o Frozen Pie & Tarts
o Others

By Method
o Refrigerated
o Ready to eat
o Partially baked

By Distribution Channel
o Artisan Bakers
o Supermarkets
o Quick service restaurants

Geography

o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

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