HYDERABAD, India, March 21, 2017 /PRNewswire/ --
According to the report published by Market Data Forecast, the market for frozen bakery products is estimated at USD 15.46 billion in 2016. Further, estimating the impact of factors such as,
- increase in consumer preference for convenience or ready to eat foods
- the upsurge in number of quick-serve restaurants and food chains
- predicting the change in consumer lifestyles and consumption trends in different regions
- availability of proper distribution channels like cold chain logistics
The analysts at Market Data Forecast have predicted a growth of 8.18% over the next five years to reach a market value of USD 22.91 billion market. And even the negative aspects like presence of substitute products (fresh baked products), high cost of packaging and transportation have also been considered while predicting the market trends.
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Moreover, to understand and analyse the industry on a granular level, the market has been segmented on the basis of type and distribution channel. And also, the market has been segmented on the basis of geography, to get an idea on country-level trends and consumer preferences.
- Frozen Bread
- Frozen Pizza Crust
- Frozen Cake & Pastry
Frozen Pizza crust holds the largest share (nearly 50%) of the revenues generated in the global market while frozen cakes & pastries is expected to witness highest growth rate in the forecast period. The dominance of pizza crust is mainly due to the consumption habits in developed countries (USA & Europe), product differentiation & ease of making associated with these products.
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By Distribution Channel:
- Artisan Bakers
Here, on a global scenario, the retail segment controls nearly 54% of the market, especially in developing markets due to the presence of large number of retail outlets, followed by catering with a hold on 23%. While these shares vary from country to country depending on the traditional distribution methods or point of sales establishments.
- North America Frozen Bakery Products Market (USA and Canada)
- Europe Frozen Bakery Products Market (U.K, Spain, Italy, France, Spain)
- Asia-Pacific Frozen Bakery Products Market (India, China, Japan, South Korea and Australia)
- Latin America Frozen Bakery Products Market (Brazil, Argentina, Mexico)
- Middle-East & Africa Frozen Bakery Products Market
The market for frozen bakery products in developed countries like USA, EU5 shows large numbers, which can be attributed to factors like well-established cold chain logistics, economic status of consumers etc. While the market in developing countries of Asia-Pacific and Latin America remains lucrative owing to the factors like population, increase in people disposable incomes, growing awareness about frozen foods etc.
For more granular level of data and analysis, purchase full report at http://www.marketdataforecast.com/market-reports/global-frozen-bakery-products-market-1524/
The key players (Tier-1, Tier-2 & local companies) in the industry have also been analysed to understand the supply and demand trends, manufacturers influence on market dynamics etc. Further, the decisions of major companies in the past few years have also been studied to understand market penetration and strengthening strategies. Some of the few players covered in the report include Associated British Foods plc, Arytza AG, Europastry SA, Grupo Bimbo S.A.B. de C.V., General Mills, Inc., Cole's Quality Foods Inc., Lantmannen Unibake International, Vandemoortele NV, Kellogg Company and ConAgra Foods, Inc.
Scope of the Frozen Bakery Products Market Study:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter's five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Processed Food Segment:
Frozen Foods Market
Frozen Fruits Market:
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