About Frozen Bakery Goods
The global frozen bakery goods market is expected to grow at a healthy pace during the forecast period, according to the AMA study. High demand for convenience frozen products and demand for greater safety & consistency in taste of bakery products are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness some decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Frozen Bakery Goods market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aryzta AG (Switzerland), Associated British Foods (United Kingdom), Conagra Brands (United States), Europastry, S.A. (Spain), Rich Products Corporation (United States), General Mills (United States), Grupo Bimbo (Mexico), Kellogg Co (United States), Lantmännen Unibake USA (United States), Premier Foods PLC (United Kingdom) and Vandemoortele (Belgium) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Frozen Bakery Goods market by Type (Breads, Pizza Crusts, Cakes & Pastries {Pies & Tarts, Croissats, Sponge Cakes, Muffins} and Others), Application (Raw Products, Ready-to-Bake and Ready Baked & Frozen) and Region.
On the basis of geography, the market of Frozen Bakery Goods has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Frozen Bakery Goods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Online Sales Channel
Market Growth Drivers:
High Demand for Convenience Frozen Products and Demand for Greater Safety & Consistency in Taste of Bakery Products
Challenges:
Volatility of Raw Material & Energy Costs
Restraints:
Short Term Restraint for the Market Due to Shutting Down of Operations & Process of Different Companies Across Different Parts of the World Due to COVID-19 Pandemic and Lack of Transportation Infrastructure in Emerging Markets
Opportunities:
Opportunities in the Asia Pacific Region
Market Leaders and their expansionary development strategies
In December 2023, Pepperidge Farm released its new Farmhouse Bread Crumbs, available in both original and Italian herb flavors. This caters to the convenience factor and taste preferences of consumers.
Stringent Worldwide Government Regulations Regarding Lockdown of Cities' & States' Operations Leading to Generation of Demand & Supply Gap in the Market
Key Target Audience
Manufacturer, Suppliers & Distributors, Raw Material Provider, New Entrance, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.