Frozen Bakery Products Market by Type, Distribution Channel, Technology – 2022

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MarketsandMarkets Presents
Frozen Bakery Products Market- Global Forecast to
2022
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rozen-bakery-market-789.html
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The report "Frozen Bakery Products Market by Type
(Breads, Pizza Crusts, Cakes Pastries),
Distribution Channel (Artisan Bakers, Retail,
Catering Industrial), and Technology (Raw
Products, Ready-to-Bake, Ready Baked Frozen) -
Global Forecast to 2022", The frozen bakery
products market, in terms of value, is projected
to reach approximately USD 23.48 Billion by 2022,
at a CAGR of around 7.9 from 2016. Browse 77
market data tables and 52 figures spread through
152 pages and in-depth TOC on Frozen Bakery
Products Market- Global Forecast to
2022 Increase in demand for convenient food
products and drive for greater taste, safety, and
consistency are the major factors driving the
global frozen bakery products market. The high
growth potential in emerging markets such as
India and China, and untapped regions provide new
growth opportunities for the players in the
frozen bakery products market. The global market,
on the basis of type, has been segmented into
breads, pizza crusts, cakes pastries, and
others. The cakes pastries segment is projected
to grow at the highest CAGR during the forecast
period (2016-2022). Increase in demand for breads
and its variants by the food service industry is
expected to propel the demand for frozen bakery
products during the forecast period. The years
considered for the study are as follows Base
year 2015 Estimated year 2016 Projected year
2022 Forecast period 2016 to 2022 Download
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Cakes pastries projected to be the
fastest-growing segment, by type, from 2016 to
2022 The cakes pastries segment is projected to
grow at the highest CAGR from 2016 to 2022.
Increase in exports and imports of frozen cakes
pastries from dominant regions, such as North
America and Europe, are the factors behind its
continuously increasing market share in other
parts of the world. In addition, specialty cakes
pastries with high starch-gluten ratio and
low-protein wheat are gaining huge popularity,
and are expected to contribute a commendable
market revenue in 2022. Retail distribution
channel segment expected to continue its
dominance over the forecast period and to grow at
a considerable CAGR between 2016 and 2022 Retail
is the most effective media of targeting the
maximum number of customers possible, and
currently holds the largest market share of the
frozen bakery products market. Changing
consumption patterns, willingness and ability of
customers to spend and try new products are the
key factors driving the growth of the retail
channel. Moreover, the increasing number of super
markets and hyper markets is moderately replacing
fresh bread products made by chain bakeries and
artisan bakers. Asia-Pacific expected to show
growth potential in the frozen bakery products
market There is a high-growth potential for
frozen bakery products in the Asia-Pacific region
where the emerging economies, such as China and
India, are located. The emerging economies have
considerable potential customers that are
adopting the ready-to-cook and more convenient
food options. China, in particular, is the
largest country to hold the maximum share in the
frozen bakery products market due to the rapid
urbanization and changing consumption pattern of
consumers in this country. Make an Inquiry
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The global market, based on distribution channel,
has been segmented into artisan bakers, retail,
and catering industrial. Retail is expected to
be the largest segment through the forecast
period, whereas catering industrial is
projected to be the fastest growing segment.
Factors such as rising population and increasing
disposable income affect retail market dynamics
significantly, while the catering industrial
channel is driven by the growing demand for
frozen and par-baked products from restaurants
and other institutional food services. On the
basis of technology, the frozen bakery products
market is segmented into raw products,
ready-to-bake, and ready baked frozen. The
ready baked frozen segment is projected to grow
at the highest CAGR from 2016 to 2022. Factors
such as wide scale of application, versatility,
convenient products and quick to use at disposal
drive the ready baked frozen segment. The
frozen bakery products market is characterized by
moderate competition, due to the presence of a
number of large- and small-scale firms. The
mature markets in the European region restrict
further growth and manufacturers are compelled to
look for new market opportunities in developing
economies. Preference for conventional, freshly
baked products, consolidated market scenario, and
volatility in prices of raw materials act as
restraints to the growth of the market for frozen
bakery products. The market is dominated by
players such as Grupo Bimbo S.A.B. de C.V.
(Mexico), Associated British Foods plc (U.K.),
Aryzta AG (Switzerland), Lantmannen Unibake
International (Denmark), Europastry, S.A.
(Spain), General Mills Inc. (U.S.), and Kellogg
Company (U.S.). These companies collectively
accounted for the largest portion of the frozen
bakery products market in 2015. New product
launches, acquisitions, agreements, and
expansions are the key strategies adopted by
players to ensure their growth in this
market. Request Sample https//www.marketsandmar
kets.com/requestsampleNew.asp?id789  
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