COVID-19 Impact On Frozen Bakery Products Market Revenue by 2026

Market Highlights

Global Frozen Bakery Products Market is likely to be valued at USD 24,527.3 Million by 2026, expanding at a 7.50% CAGR during the forecast period. The changing lifestyles, evolving dietary patterns, and availability of convenience food are factors that play an important role in defining the consumer’s food choices. The growing trend of consuming convenience food began in the western world and rapidly spread to other regions across the globe.

The increasing consumption of convenience food is driven by the need to create more leisure time, which means that consumers look for options that would help them maximize their free time, doing the things they value more. This, along with the increasing per capita disposable income, is expected to increase the demand for Frozen Bakery Products Market Revenue. Frozen consumables are considered convenient as there is no need to put in a lot of effort to make these products edible.

Key Players

The Key Players in the Global Frozen Bakery Products Market include Grupo Bimbo C.V.(Mexico), Conagra Brands, Inc.(US), Associated British Foods PLC (UK), General Mills Inc. (US), Lantmännen Unibake (Denmark), Kellogg Company (US), Aryzta AG (Switzerland), Vandemoortele NV (Belgium), Europastry S.A. (Spain), and Cole’s Quality Food Inc.(US).

The players operating in the Global Frozen Bakery Products Market are focusing on strengthening their geographic footprints through expansion and by launching innovative products.

Segmental Analysis

The global frozen bakery products market has been segmented based on product type, category, distribution channel, and region.

By category, the global market has been divided into conventional and gluten-free. The conventional segment accounted for the maximum market share in 2018. The dominance of the conventional segment can be attributed to the high consumption of wheat flour in the preparation of bakery products. Wheat is a common source of gluten and is consumed widely due to its nutritious properties. On the other hand, ease of availability and economical pricing are also anticipated to boost the sales of the conventional segment.

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Regional Analysis

Geographically, the global frozen bakery products market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Europe dominated the market, accounting for the largest share in 2019. North America frozen bakery products market accounted for the second-largest market share in 2018. Asia-Pacific is projected to register the highest CAGR of 8.10% during the forecast period.

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