In a recent research by QY Research, titled, “Global Frozen Bakery Products Market Research Report 2019,” analysts have focussed on the various areas of the global frozen bakery products market. They have studied market size, drivers and restrains, segment analysis, geographic outlook, key players, and the competitive landscape. Researchers have used primary and secondary data in order to analyse the market. The report also includes SWOT analysis and Porter’s five principal to understand the market dynamics.
The global frozen bakery products market was valued at US$28400 mn in 2018 and is expected to US$43700 mn by the end of 2025, rising at a CAGR of 6.4% between 2019 and 2025.
Global Frozen Bakery Products Market: Drivers and Restraints
The global frozen bakery product market is expected to see an exponential growth due to the wide range of advantages provided by the product. Frozen bakery products are in high demand due to their features such as longer self-life, user convenience, nutrition and taste, speed of preparation, low costs, and easy product availability. The market is supported by the rising demand of convenient and ready-to-eat products due to hectic lifestyles. On the other hand, large portion of the population is shifting towards healthier options with increasing awareness of benefits for achieving healthier lifestyles. The increasing number of in-store bakeries, QSRs, gas-stations, and coffee chains are also contributing towards the market growth. This is due to the need of instant service to the customs while retaining its taste and freshness.
While convenience plays an important role in fuelling the demand for global frozen bakery product market, there are a few other factors that are pulling the market in the opposite direction. For instance, the growing health-conscious population is expected to restrain the market for frozen bakery products as they are high in fats and carbohydrates. Rise of lifestyle disease such as high blood pressure and diabetes are also expected to impede market growth during the forecast period.
Global Frozen Bakery Products Market: Segment Analysis
The global frozen bakery product market is segmented on the basis of type and application. The type segment include bread, pizza, cake and pastry, cookies, and others. On the other hand, the application segment includes large retail, convenience and independent retail, food services, and others.
Global Frozen Bakery Products Market: Geographic Outlook
Currently, Europe holds the largest share of the market due to new product launches and improved purchasing power. The North American market is expected to see a rise in the market share in the coming years due to lifestyle changes characterized by convenient food options. The report also analysis the market across all the regions such as Europe, Asia Pacific, North and South America, and others.
Global Frozen Bakery Products Market: Key Players
The major players in the global frozen bakery product market are Grupo Bimbo S.A.B. de C.V., Aryzta, AG, Nestlé SA, General Mills Inc, Conagra Brands, Inc, Dr. Oetker, Vandemoortele NV, Schwan, Campbell, Lantmannen Unibake International, Tyson, Europastry, S.A, Südzucker Group, La Lorraine Bakery Group, Kellogg Company, Flowers Foods Inc, Palermo Villa, Associated British Foods plc., Orkla, Harry-Brot GmbH., Agrofert as, Kuchenmeister GmbH, and Kobeya.
Global Frozen Bakery Products Market: Competitive Landscape
Grupo Bimbo S.A.B. de C.V. took an initiative at Innovation and Commitment to be responsible waste management. It has committed to 100% recyclable packaging by 2025. On 20th August 2019 they launched their first compostable bread packaging in Mexico. This new packaging leaves no traces of environmental pollution. This aims towards the reduction of plastic in all the company-wide processes, by creating recyclable, biodegradable and/or compostable materials, and promoting linear and circular recycling.
This strategy is targeted to attract more customers amidst roaring environmental concerns pertaining to the food and beverages industry. Also, this is expected to increase their market shares and retain their position in the market.
Full Report Overview@ https://www.qyresearch.com/index/detail/1243623/global-frozen-bakery-products-market