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According to a new report, published by KBV research, the LAMEA Frozen Bakery Products Market Size would witness market growth of 10.2% CAGR during the forecast period (2018-2024).
The Cakes & Pastries market dominated the LAMEA Frozen Bakery Products Market by Product in 2017, and would continue to be a dominant market till 2024; thereby, achieving a market value of $925.2 Million by 2024. The Bread market is expected to witness a CAGR of 9.7% during (2018-2024).
The Saudi Arabia Frozen Bakery Products Market is expected to reach $282.2 Million by 2024, growing at a CAGR of 8.5% during 2018-2024. Rapid urbanization, growing awareness about health and affordability are the factors that would drive the market. Among various distribution channels, the Hypermarket & supermarkets market has occupied the majority share in the Saudi Arabia Frozen Bakery Products Market. However, The Quick service restaurants market segment is swiftly gaining popularity among consumers and is expected to witness a CAGR of 8.7% during (2018-2024).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the mentioned countries. 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.
By Distribution Channel