Global Frozen Bakery Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
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The global frozen bakery market size is expected to grow from $40.62 billion in 2022 to $42.88 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The frozen bakery market is expected to reach $53.14 billion in 2027 at a CAGR of 5.5%.
What will drive the frozen bakery market?
Increasing consumption of convenience foods is expected to boost the growth of the frozen bakery market going forward.
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Who are the major players in the market?
Major players in the frozen bakery market are Nestlé SA, Grupo Bimbo S.A.B. de C.V., Associated British Foods PLC, General Mills Inc., Kellogg Company, Dr. Oetker UK Ltd., ConAgra Foods Inc., Barilla Group.
Which trend is gaining popularity in the frozen bakery market?
Product innovations have emerged as the key trend gaining popularity in the frozen bakery market. Major companies operating in the frozen bakery market are developing innovative products to strengthen their position in the market.
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How is the frozen bakery market segmented?
Global Frozen Bakery Market Segments Include:
- By Product: Ready-To-Prove, Ready-To-Bake, Ready-To-Eat
- By Recipe: Bread, Viennoiserie, Patisserie, Savory Snacks
- By Category: Gluten Free, Conventional
- By End-User: Convenience Stores, Hypermarkets And Supermarkets, Artisans Bakers, Hotels, Restaurants And Catering (HORECA), Bakery Chains, Online Channels
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global frozen bakery market in 2021.
The Frozen Bakery Global Market Report 2023 provides an overview of the frozen bakery market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The frozen bakery market forecast analyzes frozen bakery market size, frozen bakery market share, leading competitor and their market positions.
Frozen bakery refers to baked goods and products prepared and immediately frozen to preserve their freshness, flavor, and quality. This preservation process involves transforming the water content into ice crystals, preventing microbiological degradation, and maintaining food quality.
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