Frozen Breakfast Foods Market size to increase by USD 2.13 billion from 2022 to 2027| Europe is estimated to account for 40% of the global market growth - Technavio

NEW YORK, Oct. 12, 2023 /PRNewswire/ -- The frozen breakfast foods market size is expected to grow by USD 2.13 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of 7.93% during the forecast period. The increasing launch of new products is notably driving the frozen breakfast foods market. However, factors such as frequent product recalls may impede market growth. The market is segmented by product type (Bakery products, Ready meals, Cereals, Snack bars, and Others ), distribution channel (Offline and Online ), and geography (Europe, North America, APAC, Middle East and Africa, and South America). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The free sample report is available in PDF format 

Key Segment Analysis

• The bakery product segment is estimated to witness significant growth during the forecast period. The retail availability of bakery products is contributing significantly to the growth of this segment. The food industry is undergoing a significant revolution due to technological advancements and changing consumer preferences in terms of both meal variety and the equipment used to create them. As a result, the increasing global popularity of frozen bakery products such as frozen cookies and pastries is driving the growth of this segment, which will further fuel the market's growth during the forecast period. 

To know additional highlights and key points on various market segments and their impact in coming years, View the Free PDF Sample Report.

Geographical Market Analysis 

• Europe is estimated to account for 40% of the global market growth during the forecast period. In Europe, the UK, Germany, Spain, the Netherlands, and Italy are some of the key countries that are significantly contributing to the growth of the frozen breakfast foods market. However, the market growth in the region is propelled by aspects such as high living standards increased adoption of a variety of frozen breakfast food, the strong brand value of the products offered in the market, and the rising per capita spending of consumers on food. Therefore, such factors are expected to drive the market growth in the region during the forecast period.

Company Insights 

The frozen breakfast foods market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including: Ajinomoto Co. Inc., Al Kabeer Group ME, ALPHA FOODS, Conagra Brands Inc., Corporativo Bimbo SA de CV, Dr. August Oetker KG, General Mills Inc., Gujarat Cooperative Milk Marketing Federation Ltd., ITC Ltd., Kellogg Co., McCain Foods Ltd., Nestle SA, Nomad Foods Ltd., Quirch Foods LLC, Rich Products Corp., Ruiz Food Products Inc., The Kraft Heinz Co., Turano Baking Co., Tyson Foods Inc., and Unilever PLC

View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

The Breakfast Food Market size is projected to increase by USD 125 billion and the market size is estimated to grow at a CAGR of 5.31% between 2022 and 2027.

The frozen desserts market size is estimated to grow at a CAGR of 6.21% between 2022 and 2027. The frozen desserts market size is forecast to increase by USD 22.09 billion. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product Type 

Market Segmentation by Distribution Channel 

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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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SOURCE Technavio