Market Research Future (MRFR) has published a “Half Cooked Research Report on the Global Frozen Bakery Market” which says the industrial sector is estimated to grow over 7% annually through 2022. Products covered include bread, rolls, buns, cakes, pies, tarts, muffins, cupcakes, cookie, doughnuts, wraps, dough pizza and baking bases.
Among various segments, whole grain frozen baked goods are gaining more attention, backed by rising consumer awareness of their health benefits, reports the Pune, Maharashtra, India-based consultancy.
A separate report, published by Hyderabad, India-based Market Data Forecast, projects that the global market for frozen bakery products will rise at an 8.75% compounded annual growth rate (CAGR) to reach US $22.44 billion in value by 2021.
Among leading producers of frozen bakery products covered in the MRFR report are: Arztya (Switzerland); Lantmannen Unibake (Denmark); Associated British Food plc (UK); Kellogg Company (USA); Europastry (Spain); Flower Food (USA); General Waffel Manufactory (Belgium); American Desserts (France); Karea (France); Tsingbuy Industry Limited (China).
Detailed information is presented through more than 60 market data tables and figures spread over 110 pages of the document. For more information, contact visit: www.marketresearchfuture.com.
Meanwhile, the Market Data Forecast report, entitled “Global Market for Frozen Bakery Products,” is segmented based on type and distribution channel. By type, the market is further sub-segmented into bread, pizza crust, cake and pastry. By distribution channel, it’s further sub-segmented into artisan baker, retail and catering.
The frozen bread market consists of the largest share, followed by cake and pastry. Increased consumption of bread has created a saturated market for frozen bread, while the frozen cake and pastry category is growing fast.
Geographically, the 175-page report is segmented into North America, Asia Pacific, Latin America, Europe, and Middle East and Africa. Europe is the biggest market in terms of market share across the globe, followed by North America.
The European market for frozen baked goods is registering considerable growth due to increasing demand for “thaw-and-serve” and “bake-off” products that offer convenience to households as well as retail bakeries, grocery stores, and quick service restaurants.
The frozen bakery products market in the Asia-Pacific region is projected to grow at the highest CAGR, due to advancing technological innovation and increasing consumer preference for convenience and ready-to-eat meals.
For more details about the Market Data Forecast report, visit www.marketdataforecast.com/market-reports/global-frozen-bakery-products-market-1524.
