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APMEA Frozen Bakery Products Market Size To See Record Break Revenue $11,560.9 Million By 2026

08-23-2021 03:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

APMEA Frozen Bakery Products Market by

APMEA Frozen Bakery Products Market by

APMEA Frozen Bakery Products Market by Product Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2019–2026," the APMEA Frozen Bakery Products Market size was valued at $7,537.1 million in 2018 and is expected to grow at a CAGR of 5.6% to reach $11,560.9 million in 2026. The bread segment was the highest contributor, with $2,499.0 million in 2018, and is estimated to reach $3,531.6 million by 2026, at a CAGR of 4.5% during the forecast period.

The APMEA frozen bakery products market is expected to garner notable growth in the forecast period. This can be attributed to growing adoption of frozen food all around the globe. Moreover, changes in the consumption patterns of people in the APMEA region especially the emerging regions such as China, Indonesia, and India, drives the APMEA frozen bakery products market growth. However, negative consumer perception due to the lack of awareness about frozen products act as the major restraint for the market. On the contrary, rise in the disposable income in the APMEA region, rise in the number of fast food restaurants and innovations in the product offerings is expected to pave the way for growth for the APMEA market in the coming years.

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The APMEA Frozen Bakery Products market is segmented on the basis of product type, distribution channel, and country. The product type segment is further classified into breads, pizza crusts, cakes & pastries, waffles, donuts, and cookies. By distribution channel, the market is classified into retail, food service, specialist retailers and food processing. By country, the market is categorized into Australia, New Zealand, Japan, Korea, Taiwan, Hong Kong, China, India, Indonesia, Thailand, Singapore, Philippines, Rest of Asia-Pacific, Middle East, and Africa.

According to the APMEA frozen bakery products market analysis by product type, the bread segment was the most prominent category in 2018 and is expected to remain dominant during the forecast period. The waffle segment is expected to grow at a highest CAGR of 7.4% throughout the forecast period.

According to the APMEA Frozen Bakery Products Market forecast, the food service segment was the highest contributor to the APMEA frozen bakery products market in 2018 and is expected to remain dominant through 2019-2026. The food service segment is also expected to witness fastest growth through the forecast period with a CAGR of 6.3% from 2019-2026.

By country, China was the most prominent market in 2018 and is expected to dominate the APMEA market through 2019-2026. The key players in the industry have adopted a number of strategies such as product launch, expansion, and acquisition as their go-to strategies to stay competitive in the market.

The key players in the APMEA frozen bakery products industry profiled in the report includes General Mills (Pillsburry), Aryzta AG, Grupo Bimbo S.A.B. de C.V., Europastry, S.A., Lantmannen Unibake International, Associated British Foods plc, Flower Foods Inc., TreeHouse Foods, Inc., Dawn Foods Products Inc., and Vandemoortele NV.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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