What are the MAJOR GROWTH drivers IN U.S. Frozen Bakery Market? Key Company Profiled Gonnella Baking Co., DeIorio Foods, Inc., Grupo Bimbo, Tyson Foods, Hostess Brands, Clabber Girl
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U.S. government have reduced the corporate tax which will propel the retail industry growth in country over the next few years. Now economic condition in U.S. is improving and inflation rate in the country is stable, owing to this consumer spending has increased swiftly from past few years. This increased consumer spending will accelerate the retail industry growth during the forecast period, which shall subsequently propel U.S. frozen bakery market by 2024.
Consumers are continuously looking out for improved, healthier, and quicker ways to buy bread and baked food products at their convenience and price. As busy work schedules are leaving little time for people to prepare proper meals, bread and baked snack products such as wraps, burgers, sandwiches, and rolls have become an easy alternative to regular meals. However, these food products have always been targeted as the root of many health problems and thus, consumers’ preferences are changing rapidly towards natural and healthier food. This may hamper frozen bakery market size growth during the forecast period.
The busy and fast-moving lifestyle has increased the demand for convenience food products in the United States. There are several factors which are responsible for driving growth of convenience foods market demand. According to studies conducted by IFT, Americans are preferring processed food over freshly baked ones, which has drastically reduced the food product prices over past few years.
Prominent players of U.S. Frozen Bakery Market :
• Clabber Girl
• Guttenplan's Frozen Dough
• Gonnella Baking Co.
• DeIorio Foods, Inc.
• Tasty breads international
• Wewalka GmbH Nfg KG
• Pepperidge Farm Inc
• CUSTOM FOODS
• JOHNSTONS BAKERY LTD
• Grupo Bimbo
• Flower Foods
• Tyson Foods
• Hostess Brands
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Ready to bake food products are more popular amongst the working-class people as they hardly find time to cook food due to their busy lifestyle. To expand the market among these consumers, ready to bake food producers are focusing on providing affordable products. These products are majorly used by restaurants and hotels, as the chefs get time to focus more on the dish’s decoration and garnishing. It was the largest product segment in 2017 in the U.S. frozen bakery market and will grow with highest CAGR from 2018 to 2024.
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