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New York, NY, July 14, 2019 (GLOBE NEWSWIRE) – Zion Market Research has released a new report entitled "Market for frozen bakery products by type (cold bread, frozen pastries, cold cake, cold pizza crust, etc.), by product (brioches, donuts, rolls, etc.), and by distribution channel (caterers, bakers, confectioners, industrial catering and retailers) – Overall Sector Outlook, Comprehensive Analysis and Forecasts, 2017 – 2024 ".
According to the report, the global crisis frozen bakery products market has been valued at around 16.54 billion USD in 2017 and is expected to reach around 28.35 billion USD in 2024, with a compound annual growth rate of around 8.24% between 2018 and 2024.
Baked goods such as rolls, rolls, donuts, cakes, pastries, breads, biscuits, pancakes and muffins have a very short shelf life and may be spoiled by micro-organisms. organisms such as bacteria, yeasts and molds. As a result, consumers avoid purchasing large quantities of bakery products and prefer to have them fresh, but in smaller quantities. Thus, storing bakery products at an appropriate temperature is essential to reduce waste and safety. As a result, demand for frozen bakery products is expected to increase over the forecast period.
Browse 54 tables and 25 figures over 110 pages and a detailed table of contents on "World Market Size of Frozen Baked Goods, Growth 2017: Market Shares, Trends, Segments, Analyzes and Forecasts, 2024".
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The global market for frozen bakery products is mainly related to the growing preference for prepared foods such as bakery and confectionery products among the population. In addition, the increase in the number of coffee chains worldwide and the growing demand for frozen bakery products are expected to increase in value over the forecast period. In addition, the development of retail channels and industrial reclamation channels are key factors in the global market for frozen bakery products over the forecast period. However, the prices of raw materials for bakery products and the preference for fresh bakery products could hinder the global market for frozen bakery products.
The world market for frozen bakery products is divided according to type, products and distribution channel. Based on the type, the market is fragmented into frozen pastries, cold bread, cold pizza crust, frozen cakes, etc. Among them, the cold pizza crust occupies a dominant market share because of the high consumption rate that depends on overall economic growth, the evolution of food culture and changing lifestyle. . These are key factors contributing to the overall growth of the frozen bakery products market worldwide.
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Based on the product, the world market is clbadified into rolls, donuts, rolls and others. Of these, rolls and rolls are the most dynamic segments. This growth is attributed to the growing preference for convenient food and take away in the breakfast menu around the world due to a busy lifestyle and a reasonable price.
Based on the distribution channel, the global market for frozen bakery products is divided into industrial catering services, bakery shops, caterers and bakers and retailers. Among them, retailers are the fastest growing distribution channel in the market. Retailers, including convenience stores, supermarkets and hypermarkets, are a major distribution channel around the world. Easy access to frozen bakery products, availability of varieties and access to domestic and international brands are key factors in market growth over the forecast period.
Browse the full "Market for frozen bakery products by type (cold bread, frozen pastries, cold cake, cold pizza crust, etc.), by product (buns, donuts, rolls, etc.), and by distribution channel (caterers, bakers, confectioners, industrial restaurants and retailers) – Global Industry Outlook, Comprehensive Analysis and Forecasts, 2017 – 2024 " report to https://www.zionmarketresearch.com/report/frozen-bakery-products-market
Europe is expected to be the fastest growing segment over the forecast period. Developed countries such as Germany, Denmark, Switzerland, Norway, Finland and Greece are expected to account for the largest share of frozen bakery products. Consumers in this region can afford frozen bakery products with improved shelf life and nutrition. In addition, the development of tourism and catering in leading countries such as France, Germany and the UK is expected to provide lucrative opportunities in this region over the forecast period.
North America, followed by Europe, is expected to grow substantially over the forecast period. This growth is attributed to the busy lifestyle of the growing population and growing demand for processed foods. Indulgence and health issues are the main trends that dominate the US frozen bakery market. For example, in 2017 Grupo Bimbo Company announced the acquisition of Panattiere, a frozen bakery company based in Colombia. The purpose of this acquisition is to give Grupo Bimbo the opportunity to gain a foothold in emerging markets by entering the in-store bakery and food service channels. The Panattiere Bakery offers sandwich bread rolls, fluffy bread, puff pastry and muffins. In 2016, the Panattiere bakery recorded an increase in sales of about 20%.
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The Asia-Pacific region is expected to be the most promising during the forecast period. The remarkable influence of Western culture is the raising of the standard of living of the population, the increase in disposable income and the constant change in consumer eating habits should be the drivers of overall growth of market in this region. Latin America and the Middle East and Africa are expected to drive growth in the frozen bakery product market over the forecast period.
The report also includes detailed profiles of key players such as Premier Foods Plc, Flowers Foods Foods Inc., Lantmannen, Europastry, Cole Group Inc. Quality Foods, Vaasan Oy, Maple Leaf Foods Inc., Cargill Incorporated, Bridgford Foods Corporation, Oetker-Gruppe, Aryzta AG, Lantmannen Unibake, Warburtons Baked, Deloris Pasta Deli, Associated British Foods Plc., Alpha Baking Company Inc., Grupo Bimbo, Pepperidge Farm, General Mills Inc., Barilla Holding SpA, General Mills Inc. and Custom Foods Inc., Talos ZAO and Kellogg Company. The detailed description of the actors includes parameters such as the overall view of the company, the financial view, business strategies and recent developments of the company.
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This ratio breaks down the world market for frozen bakery products as follows:
World market for frozen bakery products: Analysis by segment
- Frigid bread
- Frozen pastries
- Frigid cake
- Cold pizza crust
- Other
Global Frozen Baked Goods Market: Product Type Segment Analysis
World market for frozen bakery products: badysis of the distribution channel segment
- Catering & Bakers
- Baker's Shops
- Industrial restoration
- Retailers
World market for frozen bakery products: regional sector badysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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