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Global Frozen Bakery Additives Market: Rising Consumption of Bakery Goods to Accelerate Sales Globally, finds TMR
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According to the report, the growing need to implement energy-efficient methods in the food processing industry is likely to enhance the adoption of frozen bakery additives. Additionally, the need for waste reduction during the processed food manufacturing process, the adoption of eco-friendly manufacturing processes, and the production of high quality products with lower prices have stirred the demand for frozen bakery additives across the globe.
Frozen bakery additives are used to increase the shelf life of bakery and food products. These additives prevent the growth of humectants or bacteria in food products, thus preventing it from rotting. In the bakery sector, additives are used to improve the presentation of bakery goods along with enhancing the taste. Commonly used additives in the bakery sector are emulsifiers and oxidizing agents. The addition of additives in bakery products helps manufacturers ensure nutrition, quality, and safety in the products.
The growth of the global frozen bakery additives market is anticipated to be inhibited by factors such as the need for restricted temperature for storing frozen bakery additives and limited Ph operational range. Moreover, the consolidated market for frozen bakery goods is expected to challenge the growth of the market. However, manufacturers of frozen bakery additives can gain from the advent of innovative technical platforms and the flourishing applications in bakery.
The global frozen bakery additives market is classified on three key parameters: geography, application, and product. Based on product, the market is segmented into colors and flavors, enzymes, preservatives, emulsifiers, reducing agents, and oxidizing agents. On the basis of application, it is categorized into frozen breads, frozen pastry, frozen cakes, and frozen pizza crust.
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The report provides an outline of the historical growth trajectory, present scenario, and future growth prospects of the global frozen bakery additives market along with the prevalent trends. It further highlights the factors that are likely to positively or negatively affect the growth of the market. The projected volume and revenue growth has also been mentioned in the report. The study also delves into the key strategies, shares, and products of the leading companies operating in the market.
The report segments the market into four key regions: North America, Europe, Asia Pacific, and the Rest of the World. Europe led the market in terms of both revenue and volume, closely trailed by North America. The growth of the frozen bakery additives market in Europe can be attributed to the growing consumption of processed food products in the region due to changing lifestyle. Some of the leading players in the market are David Michael and Co., Associated British Foods Plc, Archer Daniels Midland Co., Sensient Technologies Corp., Palsgaard A/S, and Puratos Group N.V.
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