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Grupo Bimbo, Europastry, Profiled in Frozen Bakery Market Analysis Report 2018-2024 Chief Players - General Mills, Cargill, Flowers Foods & Subsidiaries, Kellogg Company, Conagra Brands, Vandemoortele, Associated British Foods plc

Frozen Bakery Market

Frozen Bakery Market

Frozen Bakery Market worth over USD 25 Billion by 2024; according to a new research report by Global Market Insights, Inc. The growth prospects of frozen bakery market have been projected to be positive high over the forthcoming years. This is evident from the recent acquisition of famous Columbian frozen baked food company, Panattiere by Grupo Bimbo in a bid to expand Bimbo’s business portfolio in the frozen bakery industry. Panattiere, the Columbian baked food company held a lucrative business space in bakery items including muffins, sandwich rolls, puffs, and soft bread. With this procurement Bimbo Group will get a chance to exploit their expanded in- store food channel and upgraded food service. Driven by the strategic necessity to access emerging markets, widen product portfolio, and increase individual market share these cross-border deals are certainly adding a renewed dynamism in the overall frozen bakery industry.

Request sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/1669

Prominent players of Frozen Bakery Market
1. Aryzta AG
2. Conagra Brands, Inc.
3. Vandemoortele N.V
4. Associated British Foods plc
5. Bridgford Foods Corporation
6. Alpha Baking Co., Inc.
7. ole’s Quality Foods
8. Cargill
9. Lantmännen Unibake
10. Grupo Bimbo
11. General Mills
12. Europastry
13. Flowers Foods
14. American Desserts

Supermarket & hypermarket segment is estimated to surpass market value of USD 9 billion in 2024 in the market. Supermarkets have been successful in acquiring substantial share in the market as they offer assorted products at low prices manufactured by major bakeries. They also have in-store bakeries that produce a variety of baked products. Increasing population and one roof shopping solution provided by supermarket and hypermarket are expected to maintain the channel’s market share.

Factors such as hectic lifestyle and need for easily consumable products in emerging economies will fuel frozen bakery market during the forecast timespan. Further, product innovation and advancement in techniques including hydrocolloids, enzymes and sourdough fermentation to improve quality of these goods will lead to growth in frozen bakery products. Enhanced lifestyle of consumers worldwide is increasing adoption of these products in their daily diet. Consumers’ preference for eye appealing, nutritious and longer shelf life products, without compromising in quality and taste has switched manufacturers to frozen bakery products from fresh bakery goods. Additionally, economic growth of some countries is the preliminary driving factor of the market, as consumers have become capable of affording high priced products with improved shelf life and nutritional value. The product market has led to increase in processed food production and will introduce innovative and diverse range of frozen bakery products. However, preference for freshly baked and conventional products will obstruct the growth of the product market. Health related problems and concern of maintaining the temperature are other factors that can hinder the global market.

Browse Full Report Details @ https://www.gminsights.com/industry-analysis/frozen-bakery-market

Frozen cakes & pastries are expected to dominate the product market from 2017 to 2024. Increase in import and exports of these products in regions such as Europe and North America will complement its growing market share worldwide. Additionally, cakes & pastries with low protein wheat and higher gluten-starch ratio have witnessed popularity and will contribute significantly to the product industry. Frozen cakes are further segmented into pancakes, muffins and pound cakes.

Asia Pacific will grow at a significant pace and account for a share of more than 20% in the market. Positive outlook of the region is attributed to consumers’ inclination toward frozen products from regular items in their meal. Additionally, frozen food adoption is increasing owing to its benefits of ease in availability, better quality, environment friendly manufacturing, and reasonable pricing.

The consumption of frozen bakery products in Middle East & Africa is projected to exceed 220 kilo tons in 2024. Factor driving consumption of these products in this region is consumers’ shift of dietary preferences to ready-to-eat products due to their hectic life schedule. Furthermore, escalating number of retail chains has given a boost to availability of these products.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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