Frozen Bakery Products Market Scope
Frozen bakery products are the products that can be kept for a longer period as compared to normal bakery products. The advantages of these frozen bakery products over traditional bakery products are their low and reasonable prices, the better quality of products with nutrients preserved in it, their environmental-friendly manufacturing process, and easy availability in the market. These noticeable advantages over normal bakery products are likely to boost the demand in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Nestlé SA (Switerzland), Conagra Brands, Inc (United States), General Mills Inc (United States), Kellogg Company (United States), Flowers Foods Inc (United States), Associated British Foods plc (United States), Aryzta AG (Switzerland), Lantmannen Unibake International (Denmark), Europastry, S.A. (Spain) and Foods plc (United Kingdom) |
CAGR | 6.6% |
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Frozen Bakery Products market throughout the predicted period.
Nestlé SA (Switerzland), Conagra Brands, Inc (United States), General Mills Inc (United States), Kellogg Company (United States), Flowers Foods Inc (United States), Associated British Foods plc (United States), Aryzta AG (Switzerland), Lantmannen Unibake International (Denmark), Europastry, S.A. (Spain) and Foods plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Include Conagra Brands, Inc. (United States) and Vandemoortele NV (Belgium).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Frozen Bakery Products market by Type , by Application (Large Retail, Convenience & Independent Retail, Foodservice and Others) and Region with country level break-up.
On the basis of geography, the market of Frozen Bakery Products 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August , 2019 Hostess Brands, Inc. announced that it has entered into a definitive agreement to sell its Superior Cake Products, Inc. (“Superior”) in-store bakery business to Sara Lee Frozen Bakery for a purchase price of USD 65 million in cash, subject to post-closing adjustments.
In August 2023,Nestlé has expanded its portfolio of plant-based products with the launch of shelf-stable SKUs in Chile under the Maggi Veg brand.
Influencing Trend:
Shifting Lifestyle of Consumers from Traditional Bakery Products to Frozen Bakery Products
Market Growth Drivers:
Higher Demand for Convenience Food Products and Increasing Disposal Income Couples with Less Time Management for Eating
Challenges:
Lack of Transport Infrastructure Support in Emerging Markets
Restraints:
Preference for Conventional and Freshly Baked Products and The Volatility of Raw Material & Energy Costs
Opportunities:
Demand for Premium Products on the Rise in Emerging Countries and High Margin for Local Bakers
Key Target Audience
Government and research organizations, Associations and industrial bodies, Traders, distributors, and retailers, Agriculture & farming industry, Frozen bakery products manufacturers and suppliers, Regulatory institutions, Food safety agencies and Agricultural institutes and universities