According to a new report, published by KBV research, 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.
The Europe market held the largest share in terms of revenue contribution in the Global Frozen Bakery Products Market by Region in 2017. However, The Asia Pacific Frozen Bakery Products market is expected to witness the highest CAGR during (2018 - 2024). This growth is primarily attributed to the rising disposable income and increasing on-the-go snacking trend.
The Cakes & Pastries market held the largest share in the Global Frozen Bakery Products Market by Product in 2017. The Bread market is expected to witness a CAGR of 8.1% during (2018 - 2024). However, the sales of breads is declining that is adversely affecting key players revenue.
The Ready-to-Bake frozen bakery products are presently occupying majority share in the Global Frozen Bakery Products Market by Type, growing at a CAGR of 8 % during the forecast period. The Ready Baked & Frozen market is expected to witness highest CAGR of 10.3% during (2018 - 2024).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Europastry, S.A., Aryzta AG, Associated British Foods PLC, Cargill, Incorporated, Bridgford Foods Corporation, Conagra Brands, Inc., Flowers Foods Inc., Lantmnnen Unibake, Grupo Bimbo, and General Mills Inc.
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