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What's driving the Frozen Bakery market trends? Grupo Bimbo, Europastry, PAN PA' YA, General Mills, Rich Products Corporation, Comapan S.A., Vandemoortele, Patagonia, ARYZTA, Canada Bread Company, Limited

Frozen bakery market

Frozen bakery market

Frozen bakery market which covers a major portion of the global food and beverage industry is of late gaining a traction, subject to their longer lifespan when compared to conventional baked foods. Today’s urbanized world experiences a hectic lifestyle, where processed food demand is witnessing a surge. Increasing disposable incomes and the inclination toward westernized diet trend is increasing the commercialization of frozen baked products, which no doubt is leaving an impact on the global frozen bakery industry share. Estimates depict that the industry will surpass a revenue of USD 25 billion by the end of 2024, with 8.8% CAGR projection over 2017-2024. Shifting consumer trend toward health, hygiene, and convenience together drives the market expansion. 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.
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Company Profiles
1. Grupo Bimbo
2. Europastry
3. PAN PA' YA
4. General Mills
5. Rich Products Corporation
6. Comapan S.A.
7. Vandemoortele
8. Patagonia
9. ARYZTA
10. Canada Bread Company, Limited
11. Kellogg Company
12. Conagra Brands
13. Associated British Foods plc
14. Dr. Oetker
15. CSM Bakery Solutions
16. Weston Foods
17. Don Maíz SAS
18. BrendenMaster S.A.

Expansion in convenience stores, hypermarkets & supermarkets and other bakery chains are other key driving factors for global market in coming years. For instance, In Mexico, these distribution channels makes over 60% of the entire bakery product retail sales in 2017. Grocery retailers are the most preferred distribution channels in Mexico as the one-stop shops are the consumer preference where they can buy all their household products. This will further boost the market in developing economies by 2024.
Grupo Bimbo, Comapan S.A, Vandemoortele, Aryzta AG, BredenMaster S.A., CSM Bakery Solutions, Weston Foods are some of the crucial players in global frozen bakery market.
A significant level of energy is utilized during activities like freezing process, cold storage and product distribution. Cold chain logistics is a critical aspect of the frozen bakery market as it allows to extend the shelf life of perishable products like dairy, bakery & confectionery, dough etc. and transport them to various locations. Fluctuating electricity cost across the world could significantly deter the growth of global market in future.

Browse key industry insights spread across 268 pages with 265 market data tables & 25 figures & charts from the report, “Global Frozen Bakery Market Size By Recipe (Bread, Viennoiserie, Patisserie, Savory Snacks), By Product (Ready-To-Prove, Ready-To-Bake, Fully Baked), By End-User (Convenience Stores, Hypermarkets & Supermarkets, Artisans Bakers, Hotels, Restaurants, And Catering [HORECA], Bakery Chains) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Spain, Austria, Switzerland, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, Argentina, Chile, Colombia, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/frozen-bakery-market
Global frozen bakery market is segmented on the basis of product as ready-to-prove, ready-to-bake, and fully baked. Ready-to-bake has the highest market share in terms of volume as well as revenue owing to its huge demand in the HORECA, bakery chains, supermarkets and hypermarkets end-use industries. This segment will show a positive growth with more than 5% CAGR from 2018 to 2024.
Frozen bakery market is segregated into five major end-user which include convenience stores, hyper markets & super markets, artisan bakers, hotels, restaurants and catering (HORECA) and bakery chains. Hyper market & super market will register highest CAGR owing to the shift of retail industry from the unorganized to the organized sector in most emerging countries.
North America holds a significant share in global market and will register over 5.5% CAGR by 2024. Substantial consumption of bakery products such as breads, bagels, donuts, cookies, pastries, cakes, etc. in catering and quick service restaurants segment will signify the regional demand over the forecast years. Asia Pacific will capture more than a third of the entire market by 2024, driven by the growing regional population coupled with surge in demand for ready to eat products from younger generation.

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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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