Frozen Bakery Outlook
According to MRFR, the Global Frozen Baking Goods Industry is forecast to record a CAGR of 7.50 percent and to hit USD 26,366.8 Mn by 2027. The growing demand for convenience food, the rising number of working women, and the fast development of the integrated retail industry are the main factors for the growth of the global market for frozen bakery items.
COVID-19 Analysis
The consumer food beverage industry first encountered high demand for kitchen staples, nutritious food items, and long shelf-life consumables in the wake of the global pandemic crisis and the unending lockdown across countries. In the early stages of the crisis, demand for frozen food products, fruits and vegetables, eggs, flour, and whole grains, among others, saw a significant increase. Many businesses in the sector are currently faced with low consumption of their products and issues with the supply chain. Businesses focus more on changing their supply chains to boost their web presence and logistics programs to adapt to the current market environment. Changes in consumer buying behavior and dynamic changes in online and D2C sales networks may have significant repercussions for the industry's near-future growth.
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The global Frozen Bakery Market research report presents key company profiles of organizations active across the Global Market.
- Grupo Bimbo S.A.B.de C.V.(Mexico)
- Conagra Brands, Inc. (US)
- Associated British Foods PLC (UK)
- General Mills Inc. (US)
- Lantmännen Unibake (Denmark)
- Kellogg Company (US)
- Aryzta AG (Switzerland)
- Vandemoortele NV (Belgium)
- Europastry S.A. (Spain)
- Cole’s Quality Food Inc. (US)
Market Segmentation: The Frozen Bakery Market has been segmented into product type, category, and distribution channels. Based on the segment, which is product type, the market is categorized based on pieces of bread rolls, cakes pastries, cookies biscuits, pizza pizza crust, among others. The global market for frozen bakery products is further segmented based on category into conventional and gluten-free. Furthermore, the market, based on distribution channels, is segmented into store-based (supermarkets hypermarkets, convenience stores, and others) and non-store-based products.
The Frozen Bakery Market report offers a comprehensive study of the Global Market segments including product type, category, and distribution channels. The analysts have also studied the Global Market's spread across the regional markets across many of the Global Market’s segments at country levels. The product type, category, and distribution channels segments spread across the Global Market along with the subsegments are studied. The global market for frozen bakery products is spread across various product and service-based segments. The Frozen Bakery Market research report highlights these key segments and offers forecasts based on primary and secondary data.
Competitive Landscape:
Frozen bakery products have seen tremendous growth, due to growth in the demand from consumers and shifting consumer preferences. However, the high cost of production and the lack of funding would challenge market players active in the Frozen Bakery Market. Furthermore, companies using growth strategies to stay ahead in the global market are expected to help the market during the forecast period 2020 to 2027. As the Global Market report suggests that the Global Market will register a CAGR of 7.50 percent and reach US$26,366.8 million by 2027, the market report highlights key areas Frozen Bakery Market based companies need to focus on. The Global Market research report projects a long-term growth till 2027. Based on Global Market’s analysis based on SWOT and Porters’ Five Force Model, the Frozen Bakery Market will rise during the forecast period 2020 to 2027, however, the companies need to move ahead with caution. The Global Market research report highlights such key areas.
Regional Outlook
Budget concerns among SMEs may hinder the Frozen Bakery Market Size growth. The Global Market research report suggests that companies in the Global Market could be supported by launch of new products as well as the rising prevalence of convenience foods during the forecast period. The Global Market is set to register growth at a high CAGR owing to these key factors. The Global Market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per Global Market analysts, the Global Market is set to witness tremendous growth across product type, category, and distribution channels segments. The global Frozen Bakery Market’s North American region covers Global Markets across the United States, Mexico, Canada, and others. Businesses present in the Global Market are also profiled and their strategies have been presented in detail in the Global Market research report.
The Frozen Bakery Market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the Global Market research report provides details about the APAC region covering Global Markets from China, India, Australia, Japan, and others. The Global Market is also active across several other parts of the world. The Global Market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global Frozen Bakery Market.
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