Global Frozen Bakery Products Market Analysis (2018-2024)
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The Global Frozen Bakery Products Market size is expected to reach $30.8 billion by 2024, rising at a market growth of 8.6% CAGR during the forecast period. Freezing conventional bakery products to preserve the same till the time they are consumed are called as frozen bakery products. Frozen foods do not need preservatives, as freezing does not allow the growth of microorganisms. Carboxymethyl cellulose (CMC) is a stabilizer used in bakery products, as the use of it does not adulterate the quality of the food. The food sector has witnessed tremendous growth, with diversified product portfolio which includes ready-to-bake and ready-to-thaw frozen baked goods. These ready and convenient foods are in great demand in cafes, restaurants, in-store bakeries, and coffee shops.
These end users buy frozen baked goods and thaw or bake them and offer as instant delicacies. Growing demand for convenient food products and need for better taste, safety, and consistency are the factors that are influencing the growth of the global frozen bakery products market. Based on product, the market is segmented into Breads, Pizza Crusts, Cakes & Pastries, and Others (waffles, biscuits, cookies, bagels, pretzels, and donuts). Based on distribution channel, the market is segmented into Convenience stores, Hypermarket & supermarkets, Artisan bakers, Catering & industrial, and Quick service restaurants.
The Type covered under the report are Raw Products, Ready-to-Bake, and Ready Baked & Frozen. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The market research report covers the analysis of key stake holders of the market.
Key companies profiled in the report include Europastry, S.A., Aryzta AG, Associated British Foods PLC, Cargill, Incorporated, Bridgford Foods Corporation, Conagra Brands, Inc., Flowers Foods Inc., Lantm?nnen Unibake, Grupo Bimbo, and General Mills Inc.
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