LAS VEGAS, Nov. 03, 2017 (GLOBE NEWSWIRE) -- The Global Frozen Bakery Products Market was approximately USD 11.07 billion in 2013 and is anticipated to reach around USD 24.59 billion by the end of 2023 with registering itself at a compound annual growth rate (CAGR) of 8.31% over the forecast period. Frozen bakery products are pastry shop yields that are frozen and refrigerated at low temperature to preserve them for a more drawn out timeframe. Along with preserving bakery products, low-temperature storage preserves the organoleptic components of the products that are baked including texture, flavor, and color. Frozen pastries, frozen pizza crust, bread rolls, frozen cakes, frozen bread and frozen pastry are a couple of the key products of the frozen bakery market. The demand of frozen bakery products develops as it is contingent upon the high necessities from clients as they are known as convenient foodstuffs with longer time span of usability and maintained organoleptic components. Out of all frozen bakery products, frozen pizza crust drives the highest share of the market, trailed by solidified baked goods and frozen bread.
Drivers of the Frozen Bakery Products Market
The worldwide frozen bakery products market is anticipated to encounter significant development due to the amplified ready-to-bake and ready-to-unfreeze frozen bakery products demand. Key driving components for the worldwide market are increasing demand for taste consistency among consumers, comfort rendered by these items, and development in retail outlets dishing these products. The leading market players have achieved a competitive edge by offering these items in store-indoor bakeries, gas stations, coffee chains, and quick service restaurants. Numerous advantages introduced by these bakery products like reasonable pricing, environmentally friendly manufacturing process, better quality, and ease of availability are boosting the development of the worldwide frozen bakery products market.
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Restraints of the Frozen Bakery Products Market
Factors such as scarce distribution services in rural and semi-urban areas and insufficiency of refrigeration facility in the retail locations can hinder the development of the global frozen bakery market over conjecture time frame.
Competitors and Market Classification
On the basis of product type, the frozen bakery products market is segmented into donuts, pastries, rolls, pizza, bread, crusts and cakes. On the basis of application, the market is segmented into baker shops, convenience stores, quick service restaurant, catering & industrial and hypermarket & supermarket.
Major Market Players
- Associated British Foods plc
- Conagra Brands
- Flowers Foods
- Vandemoortele
- Kellogg's
- General Mills
- Warburtons
- Deiorio Foods Inc
- Maple Leaf Foods Inc
- Cole's Quality Foods
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Target Audience
The stakeholders for the report include:
- 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
- Agricultural institutes and universities
Industry Background
The consumption of frozen bakery products is anticipated to grow at a healthy rate owing to the increased consumption of frozen food products. These food products are gaining popularity among consumers due to their extended shelf life. Technological development in different countries has led to innovation in equipment and flavors of the product, which has increased its consumption in various regions. Youth population prefers sweetened and ready-to-eat food products, which will drive the market growth. Increasing investment of manufacturers in research and development will positively influence the market. Consumption of frozen food products is extensive in Europe and will increase at a considerable pace in other regions also.
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