NEW YORK, The frozen bakery products market’s potential growth difference will be USD 10.03 billion from 2021 to 2026, according to the latest market outlook report by Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 4.61% during this period.
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The rising new product launches, increasing shelf life offered by frozen bakery products, and surging demand for convenience food products will offer immense growth opportunities. However, recalls of frozen bakery products, decrease in consumption due to obesity and other health issues, and challenges in storing frozen bakery products will hamper the growth of the market participants.
Frozen Bakery Products Market Segmentation Analysis
ProductFrozen Cakes
Frozen cakes segment held the largest frozen bakery products market share in 2021. The segment will continue to account for the largest share throughout the forecast period. The high demand for frozen cakes including frozen soft cakes, pancakes, and cakes owing to the easy availability of healthy options in the market will drive the segment growth in the coming years. Moreover, the vegan version of frozen cakes, such as plant-based frozen cakes, is available in the market to attract vegan consumers. Frozen PiesFrozen Cookies And CrackersFrozen
PastriesGeographyEurope
Europe held the largest market share in 2021. The region will account for 27% of the overall market growth during the forecast period. Germany and France are the key markets for frozen bakery products in Europe. Market growth in this region will be faster than the growth of the market in the Middle East and Africa and South America. The significant increase in the demand for frozen bakery products that are made according to vegan standards owing to rapid growth in the vegan population will facilitate the frozen bakery products market growth in Europe over the forecast period. North AmericaAPACSouth AmericaMiddle East And Africa
Frozen Bakery Products Market 2022-2026: Scope
Technavio categorizes the global frozen bakery products market as a part of the global packaged foods and meats market. Our report provides extensive information on the value chain analysis for the frozen bakery products market, which vendors can leverage to gain a competitive advantage during the forecast period. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.
Our frozen bakery products market report covers the following areas:
Frozen Bakery Products Market 2022-2026: Vendor Analysis
The frozen bakery products market is fragmented and the vendors are deploying growth strategies such as launching new variants and improving distribution capacity through new facilities to compete in the market. Market vendors are focusing more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Vendors are trying to increase their market share and customer base by launching new variants, improving distribution capacity through new facilities, strategic partnerships and opening new production facilities for frozen bakery products. They are also focusing on providing vegan variants of frozen bakery products to increase their sales among the vegan population and clean label frozen bakery products to increase their sales among health-conscious consumers. For instance, Grupo Bimbo SAB de CV offers a wide range of frozen bakery products such as artisan bread and roll, bagels, English muffins, sub rolls, and others.
Some other companies covered in this report:
Aryzta AGBerkshire Mountain Bakery Inc.Conagra Brands Inc.Dawn Food Products Inc.EUROPASTRY SAField FareGeneral Mills Inc.Goodness Gracious Cookies Inc.Grupo Bimbo SAB de CVIceland Foods Ltd.IHOP Restaurants LLCKellogg Co.Lancaster Colony Corp.Lantmannen UnibakePatties Foods Pty Ltd.Pukka Pies Ltd.Rocky Mountain PiesSfoglia Torino SrlThe Hain Celestial Group Inc.Unilever PLC
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Frozen Bakery Products Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026Detailed information on factors that will assist frozen bakery products market growth during the next five yearsEstimation of the frozen bakery products market size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the frozen bakery products marketAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of frozen bakery products market vendors
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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