Meticulous Research^® – leading global market research company is researching on frozen bakery products market titled “Frozen Bakery Market by Product (Breads, Pizza Crusts, Cakes and Pastries, Cookies, Donuts and Pies, Waffles), by Uses (Ready-to-Prove, Ready-to-Bake, Fully Baked), by Distribution Channel (Food Service, Retail, Industrial, and Online), by Speciality Type (Low-Calories, Gluten Free, Organic, Fortified, Sugar Free, Other Specialty Types)  by End-User ( Artisans bakers, Hotel, Restaurants, and Catering, Supermarkets & Hypermarkets, Bakery Chains, Food Processing Industry)  - Global Forecast to 2024”.

Today’s baking industry must first and foremost adapt to changing eating habits around the world. The global frozen baked goods market has shown rapid recovery following the economic recession and recorded strong growth over recent years. This industry is well established in industrialized regions such as Western Europe and North America. Product innovation and healthier products & ingredients are fuelling market growth in these regions. Emerging markets such as Latin America, Middle/East Africa, and Asia also represents great market potential as western lifestyles and eating habits continue to be adopted in these regions. As a result, the global frozen bakery products market has experienced a consistent growth over the years.

Frozen Cakes and Pastries Projected to be the Fastest-Growing Segment in the Global Frozen Bakery Products Market

Based on type, frozen bread commanded the largest share of frozen bakery products market in 2018. However, frozen cakes and pastries is expected to witness the rapid growth during the forecast period. The rapid growth of this market is mainly attributed to increasing exports and imports of frozen cakes & pastries from leading regions, growing demand for specialty cakes and pastries with low-protein wheat and high starch-gluten ratio, and prevailing economic conditions.

Retail stores to Witness the Largest Demand

Based on distribution channel, the global frozen bakery products market segmented into food service, retail, industrial, and online channel. Retail stores accounted for the largest share of the global frozen bakery products market in 2018. The large share of this segment is mainly attributed to expansion in convenience stores, healthy economic growth, changing demographic profile, and move from unorganized to organized retail sector in emerging economies.

Europe: The Largest Regional Market

Europe commanded the largest share of the global frozen bakery products market in 2018, followed by North America, Asia-Pacific, Latin America, and Middle East & Africa. The large share of this region was mainly attributed to consumer’s will to experiment with the new products that offer refreshing taste, constant strides in upgrading the processing and freezing technology, and the growth of the online distribution retail channel. However, Asia Pacific market is expected to witness the rapid growth during the forecast period.

Key Players in the Frozen Bakery Market

The key players operating in the global frozen bakery products market are Premier Foods Plc, Findus Group Quality foods Cole Inc., Cargill, Incorporated, Oetker-Gruppe, Grupo Bimbo S.A.B. De C.V., Europastry, S.A., General Mills Inc., Aryzta AG, Vandemoortele NV, Conagra Brands, Inc., Associated British Foods PLC, Campbell Soup Co, Lantmannen Unibake International, Kellogg Company, and Nestlé SA.

Browse in depth report: https://www.meticulousresearch.com/product/frozen-bakery-market-4992/

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