Frozen Bakery Product Market: Key Country Forecast to 2028

2022-04-25 06:23:25 UTC | Food & Beverages
Frozen Bakery Product Market: Key Country Forecast to 2028

The frozen bakery products market includes bread, cakes, pastries, and donuts, which are derived from corn, rice, wheat, barley, oats, and rye. The consumption of these sources being used as the raw materials for bakery products varies across the world. These are rich in nutrition and taste, exhibit comparatively longer shelf life, and are convenient to use, which drives the demand for these products in the market. Frozen bakery products are usually sold in various stores, cafes, and restaurants. The overall key parameters responsible for the growth of the market, signify positive signs for the frozen bakery products market forecast.

The Global Frozen Bakery Products Market is estimated to USD 22.18 Billion in 2020 and is projected to reach USD 29.25 billion by 2027, recording a CAGR of 4.03% during the forecast period 2021- 2027.

The Global Frozen Bakery Product Market report provides an in-depth overview of product specifications, technologies and product types, and production analysis taking into account key factors such as revenue, cost, and gross margin. Competitor analysis is one of the most important aspects of a market research report that helps companies determine their strategies compared to their competitors. Frozen Bakery Product market research report identifies and analyzes emerging trends along with key drivers, inhibitors, challenges and opportunities in the market. In this era of globalization, as the whole world is a market, companies are trying to adopt global market research reports.

Global Frozen Bakery Product Market: Segmentation

The Global Frozen Bakery Product market is segmented on the basis type, application and region. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

Type Insights

Breads And Rolls, Pizza Crusts, Cakes And Pastries, Cookies And Biscuits, Donuts, Waffles, And Others

Application Insights

Retail, Food And Service Industry, Food Processing Industry, Others

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

– North America (United States, Mexico & Canada)

– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Key Players in Frozen Bakery Product Market

General Mills, Aryzta AG,Grupo Bimbo S.A.B. de C.V., Associated British Foods Plc., TreeHouse Foods Inc., Flower Foods Inc., Dawn Foods Products Inc.,Europastry S.A.,Lantmannen Unibake International, Vandemoortele NV., Cole’s Quality Foods Inc., Bridgford Foods Corporation, Conagra Brands Inc.,and others.

Impact of COVID-19 Pandemic on Frozen Bakery Products Market

The COVID-19 outbreak has impacted different industries in a different manner. Amid the pandemic, the lockdown imposition is restricting the supply chain of frozen bakery products. The unavailability of raw materials and labor, due to the restrictions on the movement of people, is hindering the production of frozen bakery products. The frozen food industry has seen a steady growth amid the pandemic as people are consuming foods that have a longer shelf life. According to the President of the American Frozen Food Institute (AFFI), the US-based frozen foods players have seen the sales of the frozen food products in the US were increased by 18.2% in 2020, which is approx. US$ 66 billion in sales. According to the AFFI report of November 2020, the decrease in the visits to the grocery stores and being prepared to avoid food shortages motivated the consumers to buy frozen food products during the pandemic. The frozen food products supply chain has been mostly shifted from food service to the retail sector as the demand for frozen foods, such as frozen bakery products, has seen a shift from food service to household consumption. According to AFFI, during the COVID-19 outbreak, the consumers shopped online at a record rate where the sales of frozen food, including frozen bakery, witnessed a 75% increase. Thus, the increase in online sales for frozen food has resulted in a positive impact on the frozen bakery products market.

Key Points Covered in Frozen Bakery Products Industry Analysis

·         Market estimates and forecast 2022-2028

·         Key drivers and restraints impacting market growth

·         Segment-wise, Country-wise, and Region-wise Analysis

·         Competition Mapping and Benchmarking

·         Market Share Analysis

·         Key Product Innovations and Regulatory Climate

·         COVID-19 Impact on Frozen Bakery Products and How to Navigate

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