The Global Frozen Bakery Market is forecasted to reach USD 18.6 billion by way of 2024, growing at a CAGR of five.6% during the forecast length (2019-2024).
Key factors contributing to the boom of the frozen bakery are rising preference closer to convenient meals and recognition of area of expertise in frozen bakery merchandise. Intra-Enterprise competitiveness is high and impacts the market.
However, the customer call is tormented by the nice and fitness worries. The cake and pastry section is on an upward thrust with recognize to the frozen bakery merchandise market. With the growing call for premium and customized desserts, the general cake marketplace is witnessing an increase in the call.
Key Market Trends
Rising Demand for Ready to Bake Bakery Products
Bake-off bakery manufacturing has grown to be one of the key objectives for nearly all commercial bakers in Europe. Scratch baking is hard work-intensive and calls for the long term. The industry is shifting from conventional baking to Bake-off technology (BOT). Three key BOT are Unfermented frozen dough (UFD), partially baked frozen bread (PBF), and Partially baked unfrozen bread (PBUF).
Frozen semi-baked goods and geared up-to-bake goods also are essential product segments for the food industry, particularly for inns and the catering enterprise. Pre-proofed frozen dough is likewise a convenient alternative to sparkling baked bread. Bakery merchandise like bread, rolls, and bagels are majorly served as equipped-to-thaw products, even as croissants and pastries are to be had inside the geared up-to-bake shape.
Growth in Food Service Channels
Quick Service Restaurants held a distinguished proportion inside the forte frozen bakery merchandise marketplace. Growing e-trade is any other riding platform for the frozen bakery merchandise marketplace, giving overseas players an outstanding possibility.
Full-carrier eating places, including lodge eateries, speedy-food shops, cafes, take-out, and delivery joints, seek to shift toward frozen baked dough and morning goods. This is predicted to lessen the order to transport time. This, in turn, would cause a rise in volume sales of bakery merchandise, offering better possibilities for wholesale bakers to increase their presence well as product portfolio.
The most active companies of the worldwide frozen bakery marketplace are – Grupo Bimbo, Europastry, Lantmannen Unibake International, and Premier Foods PLC.
The market studied is relatively fragmented, with the sizeable presence of severa international and regional players. The market includes severa players for business baking packages and foodservice channels. The most important players focus on notably imparting customers with innovative and extraordinary flavors while imparting comfort in packaging and intake.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters 5 Force Analysis
4.3.1 The Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Cakes and Pastry
5.1.3 Morning Goods
5.2 Product Form
5.2.1 Ready to Bake
5.2.2 Ready to Thaw
5.2.3 Ready to Proof
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
220.127.116.11 Saudi Africa
18.104.22.168 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Strategies Adopted utilizing Leading Players
6.3 Market Share Analysis
6.4 Company Profiles
6.4.2 General Mills Inc.
6.4.3 Grupo Bimbo SAB de C.V.
6.4.4 ARYZTA AG
6.4.5 Lantmannen Unibake International
6.4.6 Alpha Baking Company Inc.
6.4.7 Miracapo Pizza Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS