NEW YORK, Dec. 8, 2016 /PRNewswire/ -- "Frozen bakery
products market is projected to grow at a CAGR of 7.9% from 2016 to
2022."
The frozen bakery products market is projected to reach
USD 23.48 billion by 2022 at a CAGR
of 7.9% from 2016. The market is driven by factors such as
increased demand for convenience food and rise in demand for
readily available safe and tasty food products. Economic growth
with the increase in disposable income is enabling customers to
spend on premium quality frozen bakery products, which is expected
to result in significant market growth in emerging economies.
However, preference for conventional, freshly baked food products
and volatility of raw material prices are the restraining factors
for frozen bakery product manufacturers.
"Breads segment accounted for the largest market share in
2015."
The breads segment accounted for the largest market share of the
frozen bakery products market in 2015 and is expected to grow at a
significant CAGR during the forecast period (2016-2022). Frozen
breads are produced utilizing frozen yeasted bread dough. Moreover,
these are the high quality breads when compared to the conventional
ones. Major market participants such as Grupo Bimbo S.A.B. de C.V.
(Mexico), Associated British Food
plc, and General Mills are continuously working on producing new
and innovative flavors in breads in response to the increasing
demand for a variety of bread products by consumers.
"Catering & industrial is projected to be the fastest
growing distribution channel between 2016 and 2022."
The catering & industrial channel is majorly driven by the
factors such as changing lifestyle and increase in the number of
national and international brands across the globe. Many of the
international cuisine recipes include the usage of breads and its
variants. Hence, the evolving and growing culture of eating out is
driving the increasing demand for a variety of bread products by
the HORECA industry.
"Asia-Pacific market is
projected to grow at the highest CAGR between 2016 and
2022."
Asia-Pacific is projected to be
the fastest growing region in the coming years owing to increasing
demands for convenience food products by the urban population of
the region.
Demand for frozen bakery products is estimated to grow in the
emerging economies such as China
and India due to the rise in
disposable income and purchasing power parity (PPP) of the growing
population of these countries.
The breakdown of primaries on the basis of company, designation,
and region, conducted during the research study is given
below:
By Company Type: Tier 1 – 20%, Tier 2 – 45%, and Tier 3 – 35%
By Designation: Director Level – 22%, C-Level – 28%, and Others –
50%
By Region: North America – 18%,
Europe – 25%, Asia-Pacific – 45%, and RoW – 12%
Key players are as follows:
- Grupo Bimbo S.A.B. de C.V. (Mexico)
- Associated British Foods plc (U.K.)
- Aryzta AG (Switzerland)
- Europastry, S.A. (Spain)
- General Mills Inc. (U.S.)
These companies collectively accounted for the largest portion of
the frozen bakery products market in 2015.
Other players with a strong presence in this market are as
follows:
- Lantmannen Unibake International (Denmark)
- Premier Foods plc (U.K.)
- Kellogg Company (U.S.)
- Vandemoortele NV (Belgium)
- Conagra Brands, Inc. (U.S.)
Research Coverage
This research report categorizes the frozen bakery products market
based on type, distribution channel, technology, and region. Based
on type, the market has been segmented into breads, pizza crusts,
cakes & pastries, and others. Based on distribution channel,
the market has been segmented into artisan bakers, retail, and
catering & industrial. In terms of technology, the market has
been segmented into raw products, ready-to-bake and ready baked
& frozen.
Regional segmentation of the market includes North America, Europe, Asia-Pacific, and RoW (Rest of the World).
Reasons to buy this report
From an insight perspective, this research report has focused on
various levels of analyses—industry analysis (industry trends), and
company profiles, which together comprise and discuss the basic
views on the competitive landscape—emerging and high-growth
segments of the global frozen bakery products market; high-growth
regions; and market drivers, restraints, and opportunities.
The report provides insights on the following:
- Market Penetration: Comprehensive information on frozen bakery
products offered by top players in the global market
- Product Development/Innovation: Detailed insights on upcoming
frozen bakery products techniques, research & development
activities, and new product launches in the frozen bakery product
market
- Market Development: Comprehensive information about lucrative
emerging markets
- Market Diversification: Exhaustive information about new
products, untapped regions, recent developments, and investments in
the global frozen bakery product market
- Competitive Assessment: In-depth assessment of market share,
strategies, products, and manufacturing capabilities of leading
players in the global frozen bakery product market
Read the full report:
http://www.reportlinker.com/p04442998-summary/view-report.html
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