The Frozen Bakery Market 2019-2023 with CAGR of 8% Research Report focuses on global Frozen Bakery status, growth, Trends, opportunity, and key players.
Global Frozen Bakery Market 2019 has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Frozen Bakery market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The study specifies the complete estimate of Global Frozen Bakery market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
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The various contributors involved in the value chain of Frozen Bakery include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
Overview of Frozen Bakery Market Research Report 2019-2023:-
Market Insights
The global frozen bakery products market was valued at USD 16543.47 million in 2017 and is expected to register a CAGR of 8.0% during the forecast period (2018-2023). The intra-industry competitiveness is high and affects the market. Consumer demand is, however, affected by quality and health concerns. The growing food service market has encouraged the increasing consumer demand for frozen bakery market.
Demand for Convenience in Bakery Products
The convenience factor associated with frozen bakery products is also complemented by the on-the-go snacking trend. The food service sector has been rapidly diversifying their product portfolio to include ready-to-bake and ready-to-thaw frozen baked goods. The demand for such convenient foods has been increasing from rapidly emerging cafes, restaurants, in-store bakeries, and coffee shops that typically procure frozen baked goods and thaw or bake them to provide instant delicacies.
The rise of specialty frozen baked goods is complemented by the healthy offerings associated with it. 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 microbiological spoilage of frozen baked goods by molds, yeast, and bacteria leads to consumers opting for safer alternatives in fresh baked goods. The quality and health-conscious consumers are inclining towards fresh-baked delicacies and artisanal bakers to experience indulgence and satiety.
Frozen Cake the Fastest Growing Segment
Frozen bakery products have grown in popularity due to their ease of preparation, similarity to homemade products, and convenience. Consumer preference for artistic cakes is dominant during festive occasions. Increased demand for exotic flavors in frozen cakes is driving the frozen cake market, which is expected to register a CAGR of 8.9% during the forecast period. The consumption of frozen cakes and pastries in developed regions is mostly because of their convenience and health attributes. There is a growing popularity for to-go cake products.
Scratch baking is labor intensive and requires a long time. The industry is shifting from traditional baking to bake-off technologies (BOT). Three key BOTs are unfermented frozen dough (UFD), partially baked frozen bread (PBF), and partially baked unfrozen bread (PBUF). Frozen semi-baked goods and ready-to-bake goods are also an important product segment for the food industry, especially for the hotels and catering industry. The ready-to-bake frozen bakery products market is expected to register a CAGR of 8.6% during the forecast period.
Asia-Pacific is the Fastest Growing Region
Europe leads the global bakery market as does the frozen bakery industry. Morning goods is the most dominating segment in the industry. People prefer convenient and grab-and-go products in the breakfast menu and this has favored the increasing demand for frozen bakery products. Availability of gluten-free frozen baked goods has helped the growth of the market.
The Asia-Pacific region is expected to grow at a CAGR of 8.6% during 2018-2023. India is witnessing a growing demand for frozen bakery products. Frozen bakery in North America is growing in the frozen par-baked bread market. Par-baked products are baked to within 90% of completion, then quickly frozen and shipped to customers for the final 12-15 minutes of baking.
Health consciousness and indulgence are two parallel trends dominating the United States bakery products market. The developed markets of Western Europe are mature and saturated as compared to the emerging markets of Eastern Europe, which are driving the sales of biscuits and breads, owing to the high demand for convenient food products.
Key developments
November 2017 - Europastry will have expanded its presence on Ulabox and Foodinthebox, two online sales platforms aimed at end customers.
November 2017 - General Mills manufactured baking mixes and frozen baked goods with no artificial flavors or colors for its Gold Medal and Pillsbury brands.
February 2017 - Grupo Bimbo acquired Panattiere, a Colombia-based frozen bakery company. This acquisition will provide an opportunity for the company to increase its footprint in the market by entering foodservice and in-store bakery channels.
Competitive Landscape
Major players ALPHA BAKING COMPANY, INC., ARYZTA AG, ASSOCIATED BRITISH FOODS PLC, BARILLA HOLDINGS SPA, BRIDGFORD FOODS CORPORATION, CONAGRA BRANDS, INC., CUSTOM FOODS, INC., EUROPASTRY, GENERAL MILLS, INC., GRUPO BIMBO and KELLOGG COMPANY, among others.
There is a cutthroat competition as several players are trying to incorporate unique flavors wrapped in unique packaging. Furthermore, the biscuit manufacturers are trying to tap into the emerging wave of health foods by using healthy raw materials.
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WHAT DO WE PROVIDE IN THIS REPORT
- Frozen Bakery market along with Report Research Design:
- Frozen Bakery Market Historic Data (2013-2019):
- Industry Trends: Global Revenue, Status, and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
- Frozen Bakery Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
- Frozen Bakery Market Forecast (2019-2023):
- Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Frozen Bakery market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares split, and breakdowns have been determined using secondary sources and verified primary sources.
The report contains detailed information about the following points:
Frozen Bakery Industry Overview: Definitions, applications, classification and other basic information about the industry is covered in this part. Chain structure of the industry is given along with an analysis of various policies and news. Development of the industry is assessed with the information about the status of the industry in various regions.
Production Analysis: Capacity and production are analyzed for various types, regions, and manufacturers. In addition, revenue analysis for Frozen Bakery market is given with respect to these three aspects.
Methodological Data: Assembling process for the Frozen Bakery is contemplated in this area. The investigation covers crude material providers, gear providers, material cost, hardware cost, work cost, and different expenses. Limit and creation of different assembling plants, their circulation, and R&D status are additionally given.
Source and Consumption analysis: The supply, including import and fare, is examined and supply-utilization hole is clarified in the report. Import/send out figures are given for singular district including USA, Europe, Japan, and China.
Price, Cost, and Gross Analysis: Regarding regions, Frozen Bakery industry producers and sorts, cost and cost are dissected. In continuation, gross and gross edge are talked about.
Frozen Bakery Market Competition: organization profiles, item portfolios, limit, value, cost, gross and income of every one of the Frozen Bakery business key players are given. Likewise, contact quantities of these organizations are given.
Sale and Consumption Analysis: Frozen Bakery market utilization volume and esteem, both are given in the report by applications, sorts, and locales. Deal value investigation and Frozen Bakery piece of the pie in light of that is additionally included.
Addition Information: Contact data of raw material providers, hardware providers, Frozen Bakery showcase significant customers are given. For a new venture, a practicality examination is given.