Latest Regulatory Trends Impacting the Frozen Bakery Products Market

The frozen bakery product market is projected to reach a value of USD 23.48 Billion by 2022 at a CAGR of 7.9% from 2016.Increase in demand for convenient food products and drive for greater taste, safety, and consistency are the major factors driving the global market. Emerging countries such as India, China, Brazil, Argentina, and Malaysia among others are the potential markets for frozen bakery products, as consumers in these markets are demanding for readily available and new varieties of food products.

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The global market, on the basis of type, has been segmented into breads, pizza crusts, cakes & pastries, and others. The cakes & pastries segment is projected to grow at the highest CAGR during the forecast period (2016-2022). Increase in demand for breads and its variants by the food service industry is expected to propel the demand for frozen bakery products during the forecast period.

The global frozen bakery products market, based on distribution channel, has been segmented into artisan bakers, retail, and catering & industrial. Retail is expected to be the largest segment through the forecast period, whereas catering & industrial is projected to be the fastest growing segment. Factors such as rising population and increasing disposable income affect retail market dynamics significantly, while the catering & industrial channel is driven by the growing demand for frozen and par-baked products from restaurants and other institutional food services.

On the basis of technology, the frozen bakery products market is segmented into raw products, ready-to-bake, and ready baked & frozen. The ready baked & frozen segment is projected to grow at the highest CAGR from 2016 to 2022. Factors such as wide scale of application, versatility, convenient products and quick to use at disposal drive the ready baked & frozen segment.

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Asia-Pacific expected to show growth potential in the frozen bakery products market

There is a high-growth potential for frozen bakery products in the Asia-Pacific region where the emerging economies, such as China and India, are located. The emerging economies have considerable potential customers that are adopting the ready-to-cook and more convenient food options. China, in particular, is the largest country to hold the maximum share in the frozen bakery products market due to the rapid urbanization and changing consumption pattern of consumers in this country.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. The leading companies in the global frozen bakery products market include Grupo Bimbo S.A.B. de C.V. (Mexico), Aryzta AG (Switzerland), Lantmannen Unibake International (Denmark), Europastry, S.A. (Spain), General Mills Inc. (U.S.), and Kellogg Company (U.S.). Other players include Conagra Brands, Inc. (U.S.), Premier Foods plc (U.K.), Associated British Foods plc (U.K.), and Vandemoortele NV (Belgium).

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