Worldwide Specialty Frozen Bakery Market is expected to grow at approximately USD 3,434 Million by 2022, at 4.45% of CAGR

Market Overview:
The global market for specialty frozen bakery has witnessed continued demand during the last few years and is projected to reach USD 3,434 million by 2022 with CAGR of 4.45% in terms of value and it is projected to reach 209,530 tons with CAGR of 3.46% in terms of volume. Increase in demand of specialty frozen bakery from quick service restaurants and foodservices will drive the global specialty frozen bakery market during the forecast period.

In terms of value, Europe holds major market share in specialty frozen bakery market but in upcoming years North America will capture majority of market share due to increasing consumption of sweet baked goods in North America. Rest of World will witness higher growth rate followed by North America during the forecast period as popularity of specialty frozen bakery products is increasing in countries like Turkey, Brazil and South Africa. Rise in number of high end bakery shops have created a fast growing segment catering to modern discerning consumer demanding best in class patisserie goods, and varied products from across the world which is supporting specialty frozen bakery market.

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Major Key Players:

• Flowers Foods, Inc. (U.S.)
• Rich Products (U.S.)
• Lantmannen Unibake (Denmark)
• Europastry Sa (Spain)
• Harry-Brot GmbH (Germany)
• Mantinga, UAB (Lithuania)
• Aryzta AG (Switzerland)
• Il Germoglio Food Spa (Italy)
• Grupo Bimbo SAB de CV (Mexico) and
• Vandemoortele Bakery (France)

Key players are more focusing on acquisition to expand their business across the globe. Acquisition has become the major strategy for key players from last few years. Expansion and new product launch are two main factors which are contributing around significantly as major part of strategy share indicates as it helping company to increase their production capacity in order to fulfil increasing demand for various specialty froze bakery products.

By Distribution Channel Analysis-

North America and Europe together holds major market share in 2016 as QSR are quite popular for Specialty Frozen Bakery Market in North America and Europe. Rest of the World which includes Turkey, Saudi Arabia, Brazil and South Africa will witness maximum growth rate followed by North America during the forecast period.

Regional and State wise Analysis of Global Specialty Frozen Bakery market Development and Demand Forecast to 2022 Market

The reports also cover country level analysis:

North America

• U.S.
• Canada
• Mexico

Europe

• Germany
• France
• Belgium
• Italy

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Asia Pacific

• China
• India
• Japan
• Malaysia
• Rest of APAC

Rest of World

• Turkey
• Saudi Arabia
• Brazil
• South Africa

Key Findings:
In North America, sweet baked goods & morning goods holds more than 90% of market share in 2016. The Global Specialty Frozen Bakery market is projected to reach USD 3,434 million by 2022 with CAGR of 4.45%. Globally, the convenience/ independent retail is growing at higher rate of 4.89% during the forecast period 2016 to 2022.

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This release was published on openPR.