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Frozen Pastries Market Size to Record a CAGR of 5.9% by 2024

Frozen Pastries Market Size to Record a CAGR of 5.9% by 2024

Persistence Market Research (PMR) states that frozen pastries provide the convenience of pastry items that are ready-to-eat comfortably at home which is further driving their demand in the global market. The global expansion of frozen pastries market is supported by growing prevalence of online retailing and e-commerce. The global frozen pastries market is estimated to grow at 5.9% CAGR, in terms of value, during the forecast period (2016-2024).

Frozen Pastries Preventing Contamination and Spoilage in Restaurants

Increasing frozen pastries demand, that are sugar-free, is expected to drive the overall frozen pastries market growth in the near future. Frozen pastry products, which last longer as compared to normal conventional pastries, are deemed highly economical for fast food restaurants and retail eatery chains. Owing to this, there is less amount of contaminations and spoilage in restaurants making it convenient for their owners. Frozen pastries offer impressive shelf life and convenience that is pivotal to demand-side market growth which in turn is developing the supply-side of frozen pastries. Freezing pastries helps prevention of product’s properties thereby preventing texture or nutrient loss for a long time.

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Some factors responsible for impeding the frozen pastries market include quality challenges, upcoming alternatives, price fluctuation effects and role of regulations. Premium frozen pastry products encounter increasing demand influencing prevalence of specialty pastries among the people. Specialty frozen pastries, baked with premium quality ingredients, are mostly handmade.

Artisan Bakers to Gain Traction in the Regions of North America and Europe

Based on distribution channels, the lion’s share of market is held by hypermarket/supermarket segment. The market value of this segment in 2016 was worth US $785.9 million and it is estimated to grow at more than 6% CAGR to reach US $1,299.1 million by 2024 end.

Supermarkets/hypermarkets bakeries or in-store bakeries development has emerged as prominent market growth factor for frozen pastries. Artisan bakers is estimated to hold its position as the second-largest distribution channel segment in the global frozen pastries market during the forecast period, gaining traction in some parts of North America and Europe.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/13606

Filled and Plain Croissants Products to Hold Maximum Market Share During 2016 to 2024

Based on product-type, the global frozen pastries market is bifurcated into Danish and viennoiserie products. Viennoiserie type frozen pastries is estimated to register higher demand than that of Danish type during the forecast period. In recent past, both types of frozen pastries consumption has witnessed significant growth. Filled and plain croissant products are witnessing a substantial rise in demand. The filled and plain croissant products are estimated to hold maximum market share and lead the global market during 2016 to 2024. Primarily, this is attributed to Europe’s robust consumption of these products and their increasing prevalence in new regional markets.

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Europe to Account for 62.3% Market Revenue Share During the Forecast Period

Region-wise, Asia Pacific (APAC), North America and Latin America are estimated to reflect robust growth in frozen pastries market during the forecast period. Owing to increasing demands of frozen pastries from Australia, Japan and New Zealand, Asia Pacific is estimated to register significant market share during 2016 to 2024. As various Western European countries are the origin for most of the frozen pastries products, Europe is estimated to hold around 62.3% market revenue share over the forecast period. The market is estimated to create significant opportunities for leading players owing to increasing frozen pastry products prevalence among developing economies.

Top leading players in the global market for frozen pastries include Delifrance, Wolf ButterBack, LBP (UK) Ltd., La Danoiserie Corp., Gourmand, F.B.F S.p.A, Lantmännen Unibake UK Limited, and Le Bon Croissant.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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