Market Highlights
Global Frozen Bakery Products Market is likely to be valued at USD 24,527.3 Million by 2026, expanding at a 7.50% CAGR during the forecast period. The changing lifestyles, evolving dietary patterns, and availability of convenience food are factors that play an important role in defining the consumer’s food choices. The increasing consumption of convenience food is driven by the need to create more leisure time, which means that consumers look for options that would help them maximize their free time, doing the things they value more. This, along with the increasing per capita disposable income, is expected to increase the demand for Frozen Bakery Products Industry.
Global Frozen Bakery Products Market has witnessed significant growth over the last few years and is projected to register a 7.50% CAGR during the forecast period. The key drivers fueling the growth of the global frozen bakery products market are the rising demand for convenience food, the increasing number of working women, and the rapid growth of the organized retail sector.
Key Findings of the Study
The global market for frozen bakery products is projected to register a growth rate of 7.50% from 2020 to 2026. Increasing consumer preference towards ready to eat food products is likely to upsurge the growth of frozen bakery products market at a global level.
The breads & rolls segment is estimated to retain its prominent share by 2026. The pizza & pizza crust segment is anticipated to register the highest growth rate during the forecast period.
The conventional segment is estimated to retain its prominent share by 2026. The gluten-free segment is anticipated to register the higher during the forecast period.
The store-based segment is estimated to retain its prominent share by 2026. The non-store-based segment is anticipated to register the higher growth rate of 8.26% during the forecast period.
Key Players
Market Research Future identified Grupo Bimbo S.A.B.de C.V.(Mexico), Conagra Brands, Inc.(US), Associated British Foods PLC (UK), General Mills Inc. (US), Lantmännen Unibake (Denmark), Kellogg Company (US), Aryzta AG (Switzerland), Vandemoortele NV (Belgium), Europastry S.A. (Spain), and Cole’s Quality Food Inc.(US) as the Key Players in the global frozen bakery products market.
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Regional Analysis
Geographically, the global frozen bakery products market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Europe dominated the market, accounting for the largest share in 2019. North America frozen bakery products market accounted for the second-largest market share in 2018. Asia-Pacific is projected to register the highest CAGR of 8.10% during the forecast period.
About Market Research Future
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