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.
The frozen bakery products market has been segmented on the basis of type, distribution channel, technology, and region.
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Research Methodology
This report includes estimation of market sizes for value (USD million) and volume (thousand tonnes). Both top-down and bottom-up approaches have been used to estimate and validate the size of the frozen bakery products market and various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research (The Business Journal and Digital Journal) and their market share in their respective regions have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and were verified through primary sources.
Target Audience
The stakeholders for the report include:
• Government and research organizations
• Associations and industrial bodies
• Traders, distributors, and retailers
• Agriculture & farming industry
“The study answers several questions for stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.”
An excellent growth has been recorded in the global frozen bakery products market over the last couple of decades. The market size is projected to reach USD 23.48 Billion by 2022, at a CAGR of around 7.9% from 2016. 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. Emerging countries such as India, China, Brazil, Argentina, and Malaysia among others are the potential markets for frozen bakery products, as consumers in these markets are demanding for readily available and new varieties of food products.
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 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.
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