Press release
Key Players In Global Frozen Bakery Products Market are Premier Foods Plc, Flowers Foods Inc., Lantmannen, Europastry, Findus Group Quality foods Cole Inc., Vaasan Oy, Maple Leaf Foods Inc., Cargill Incorporated, Bridgford Foods Corporation, Oetker-Gruppe
Global Frozen Bakery Products Market Overview:The global market for frozen bakery products was valued at around USD XX million in 2017 and is expected to reach around USD XX million by 2023, with an average annual growth rate of around XX% between 2017 and 2023.
Baked goods such as rolls, bagels, donuts, cakes, pies, breads, cookies, pancakes and muffins have a very short shelf life and are susceptible to damage, therefore, consumers avoid buying large quantities of bakery products and like to have them fresh, but in smaller quantities. Therefore, storing bakery products at a suitable temperature is essential to reduce waste and safety. As a result, the demand for frozen bakery products is expected to increase during the forecast period.
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Global Frozen Bakery Products Market Drivers and Restraints:
Today, bakers are more focused on providing more nutritious, fat-free, cholesterol-free and healthy baked goods, including organic products and natural sweeteners. The frozen bakery market is expected to grow significantly during the forecast period. New techniques and innovations in frozen bakery products improve the quality of cooked products. For example, hydrocolloids, antioxidants, enzymes and fermentation of dough improve the taste, texture and shelf life of frozen bakery products.
The benefits of frozen bakery products over normal bakery products, such as longer shelf life, convenient availability, reasonable price, superior quality and environmentally friendly manufacturing processes are the main factors supporting the market's growth. At the same time, the increase of obesity and other health problems, and the pH ranges in the products are limitations of the world market of frozen bakery products. On the basis of product, bun and roll hold a dominant position in the global market of frozen bakery products. Growing preference for the convenient and grab-on-the-go food in the breakfast menu across the world due to the busy lifestyle of people is a key factor for the market growth.
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Segmentation:
The cold pizza dough is expected to achieve a greater market share during the forecast period. The reason is the growing popularity of cultural foods and the growing global demand, imports and exports of frozen bakery products. Europe and North America will achieve significant gains during the forecast period. Based on the distribution channel, retailers are the fastest growing distribution channel because they have easy access to frozen bakery products, the availability of different varieties and access to national and international brands in a store.
Europe is the fastest growing regional market. In Western countries, most people prefer frozen pizza as part of their daily meal. North America and Asia-Pacific are expected to announce significant growth during the forecast period after Europe. For example, in 2017, Grupo Bimbo Company, headquartered in Mexico, announced the acquisition of Panattiere. The acquisition aims to offer Grupo Bimbo the opportunity to take advantage of emerging markets through the establishment of bakery chains and catering services in stores.
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Key Players In Global Frozen Bakery Products Market:
The key players in the global marketplace are Premier Foods Plc, Flowers Foods Inc., Lantmannen, Europastry, Findus Group Quality foods Cole Inc., Vaasan Oy, Maple Leaf Foods Inc., Cargill Incorporated, Bridgford Foods Corporation, Oetker-Gruppe, Aryzta AG, Lantmannen Unibake, Warburtons Baked, Deloris Frigid Dough Products, Associated British Foods Plc., Alpha Baking Company Inc., Grupo Bimbo, Pepperidge Farm, General Mills Inc., Barilla Holding SpA, General Mills Inc., Custom Foods Inc., Talos ZAO, and Kellogg Company.
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