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(HomeGarden247.com, January 11, 2018 ) Market Data Forecast has announced the new report on “Frozen Bakery Products Market By Type (Frozen Bread, Frozen Pizza Crust, Frozen Cake & Pastry And Other Frozen Bakery Products), By Distribution Channel (Artisan Baker, Retail, Catering And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2017–2022)”.
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The Global Frozen store Bakery products market is valued at USD 15,464.3 million in 2016 and is projected to achieve USD 24,900.3 million by 2022, at a CAGR of 8.38% throughout the forecast period from 2016 to 2022. Frozen Bakery products enable customers to prepare food in a very short amount of your time while not requiring a pastry cook or a specialized kitchen appliance. These products can also be stored for an extended period. Small amount of food wastage is another one of its crucial advantages. Shifting lifestyles of shoppers and a growing global demand for processed food is expected to drive the frozen food market. Availability of a variety of options, together with affordable costs, higher quality and convenience is estimated to drive its demand.
Frozen baked products together with frigid cakes, cakes, pastries, and cold dish hold a dominant market share because of the high consumption rate. The innovation and adoption of advanced strategies to boost the standard frigid baked products together with enzymes, hydrocolloids, sourdough fermentation and antioxidants to the process is also expected to positively impact its growth.
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Frozen Bakery Products Market: Drivers and Challenges
The marketplace for Frozen Bakery products is principally driven as a result of growing trend towards ready-to-bake products and rising demand for food products. But, the market growth may be affected as a result of the preference for freshly baked products, insufficiency of raw materials alongside high prices of packaging and transportation.
The key challenge restraining the market are factors such as scarce distribution services in rural and semi-urban areas and insufficiency of refrigeration facility in the retail locations.
According to market data forecast, the Global market for Frozen Bakery Products is categorized based on type and distribution channel. By type, the market is further sub-divided into Pastry, Frozen Bread, and Frozen Pizza Crust, and Frozen Cake. On the basis of Distribution Channel, the market is further divided into Catering Artisan Baker, and Retail. Frozen cakes and pastries holds the biggest shares among all the products in the market. The Increased consumption of bread has created a saturated marketplace for frozen bread, whereas frozen cakes and pastries are growing quick.
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The key players operating in the Global Frozen Bakery Products market are ARYZTA AG, Lantmannen Unibake International ,and General Mills, Inc., ConAgra Foods ,and EUROPASTRY, SA, and, Premier Foods Plc, Grupo Bimbo, S.A.B. de C.V, and Associated British Foods plc Vandemoortele NV, Inc. and.
According to the market data forecast report, the Global Frozen Bakery Products market is geographically classified into North America, Africa Asia Pacific, Europe, and Middle-East and, Latin America. Europe is that the biggest market in terms of market share across the world, followed by North America. the European market for Frozen shop product is witnessing a substantial growth as a result of high growth attributable to increased demand for “thaw-and-serve” and “bake-off” product that supply convenience to households additionally as retail bakeries, grocery stores, and quick-service restaurants. The Frozen shop product market within the Asia-Pacific region is projected to grow at the very best CAGR that is greatly affected as a result of growing technological innovation, and increasing shopper preference towards convenience and ready-to-eat meals.
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Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
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