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Frozen Bakery Market Regional Trend & Analysis | Global Industry Report, 2019-2024
Frozen Bakery Market
Frozen foods have been gaining renewed popularity since the last two decades, subject to high demand for rising food durability. Frozen bakery market, one of the most renowned sectors of the global food & beverages business space, has been gaining traction of late owing to the popular consumer demand for frozen baked goods pertaining to their longer lifespan as compared to traditional baked items.
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Key Profiles:
• Grupo Bimbo
• Comapan S.A
• Vandemoortele
• Aryzta AG
• BredenMaster S.A.
• CSM Bakery Solutions
• Weston Foods
Most of the western countries such as Germany, France, Spain, and Mexico include pizza as a part of their staple diet. With changing globalization trends, pizza and related baked products have penetrated the APAC region as well. On these grounds, pizza crust covered more than 30% of the overall revenue in frozen bakery market and will collect considerable revenue by the end of 2024. The development and emergence of new pizza crust recipes incorporated with healthy ingredients will fuel the product demand mainly across U.S. Italy, and Russia.
Europe frozen food bakery is slated to witness substantial growth rate over the coming seven years. Exponentially growing tourism and catering sectors across this region will impel the regional growth. UK, Germany, and France will be the significant revenue contributors.
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Asia Pacific frozen food market will cover over 20% of the global landscape. Shifting consumer trends toward the consumption of frozen products will fuel the industry growth. Frozen food products offer vital benefits over regular foods, owing to which consumers have been giving preference to the same. Eco-friendly manufacturing process, easy availability, affordable prices, and better quality are few of the notable benefits of the frozen products.
Expansion in convenience stores, hypermarkets & supermarkets and other bakery chains are other key driving factors for global frozen bakery market in coming years.
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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.
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.
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