Market Outook

Frozen Bakery Products Market is forecast to record a CAGR of 7.50 percent and to hit USD 26,366.8 Mn by 2030.

The western world was the beginning of the increasing tide of convenience food consumption, swiftly spreading to other parts of the world. Consumers prefer convenience meals because they are quick to prepare, filling, versatile, and marketable. Consumers are spending less time planning and cooking at home because of changing behaviors since they believe it to be a time- and energy-intensive task. The need to have more free time drives people to eat more comfort food, so they are looking for options that will maximize their free time and allow them to do the activities they enjoy most.

The demand for frozen baked goods is anticipated to rise because of this and an increase in per capita disposable income. As a result, it is expected that during the review period, rising demand for convenience foods will propel expansion in the global market for frozen bakery goods.

According to MRFR, the Frozen Bakery Products Market is forecast to record a CAGR of 7.50 percent and to hit USD 26,366.8 Mn by 2030

Regional Analysis

The frozen bakery products market is spread into four major regions, Asia-Pacific, North America, Europe, and the rest of the world.

Asia-Pacific is anticipated to be the fastest-growing region in terms of CAGR. The reason for this growth is countries like India and China, where the projected growth shall remain high because people there would have more spending capacity and purchasing power parity. Asia-Pacific is expected to register the highest CAGR during the forecast period.

Europe is projected to hold the highest market share based on the rising demand for frozen bakery items. In 2018, Europe had 39.71% of the market share value. The United Kingdom is the major contributor to the growth in Europe. During the forecast period, the demand for frozen bakery foods will exhibit a 7.28% CAGR.

In North America, the US is the country that will influence the market growth of this region. North America is expected to register a CAGR of 7.35 % during the forecast period.

Market Segmentation

Frozen bakery products are segmented by product type, distribution channel, and region.

By product type

• Bread
• Rolls
• Pizza
• Pizza crust
• Cakes & pastries
• Cookies & biscuits
• Others

By Category

• Traditional
• Gluten-free

By distribution channel

• Store-based
• Non-store based

By product type, the bread and rolls segment had the largest market share for frozen bakery products worldwide in 2019. During the projection period, it is forecasted that the bread & rolls sector will continue to hold the largest market share. The pizza and pizza crust segment will have the most excellent 7.96% CAGR throughout the forecast period.

The traditional segment by category held the highest market share in 2018. The higher market share of the conventional part is because of the superior use of wheat flour.

The store-based part is further divided into supermarkets and hypermarkets, convenience stores, and others. In 2018, the store made up for the larger market share. Customers favor store-based outlets because they provide a convenient one-stop shopping experience. However, a more outstanding CAGR is anticipated for the non-store-based segment during the forecast period.

Key Players

The key players in the manufacturing of frozen bakery products are the following:

• Grupo Bimbo S.A.B.de C.V.
• Conagra Brands Inc.
• Associated British Foods PLC
• General Mills Inc.
• Lantmännen Unibake
• Kellogg Company
• Aryzta AG
• Vandemoortele NV
• Europastry S.A.
• Cole’s Quality Food Inc.

Access Report Details @ https://www.marketresearchfuture.com/reports/frozen-bakery-products-market-9641