Global Frozen Bakery Market - Forecast to 2023: Frozen Cake - The Fastest Growing Segment - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Global Frozen Bakery Market - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The global frozen bakery products market was valued at USD 16,543.47 million in 2017 and is expected to register a CAGR of 8% during the forecast period (2018-2023).
Demand for Convenience in Bakery Products
The convenience factor associated with frozen bakery products is complemented by the on-the-go snacking trend. The food service sector has been rapidly diversifying their product portfolio to include ready-to-bake and ready-to-thaw frozen baked goods. The demand for such convenient foods has been increasing from rapidly emerging cafes, restaurants, in-store bakeries, and coffee shops that typically procure frozen baked goods and thaw or bake them to provide instant delicacies.
The rise of specialty frozen baked goods is complemented by the healthy offerings associated with it. Baking establishments are increasingly providing specialty baked goods that are gluten-free, dairy-free, peanut-free, and soy protein-free to access and capture the health-conscious consumer segment. The microbiological spoilage of frozen baked goods by molds, yeast, and bacteria leads to consumers opting for safer alternatives in fresh baked goods. The quality and health-conscious consumers are inclining towards fresh-baked delicacies and artisanal bakers to experience indulgence and satiety.
Key HighlightsFrozen Cake - The Fastest Growing Segment Asia-Pacific - The Fastest Growing Region
Notable Developments in the MarketEuropastry will have expanded its presence on Ulabox and Foodinthebox, two online sales platforms aimed at end customers. General Mills manufactured baking mixes and frozen baked goods with no artificial flavors or colors for its Gold Medal and Pillsbury brands. Grupo Bimbo acquired Panattiere, a Colombia-based frozen bakery company. This acquisition will provide an opportunity for the company to increase its footprint in the market by entering foodservice and in-store bakery channels.
Key Topics Covered
2. Market Insights
3. Market Dynamics
4. Market Segmentation
5. Regional Market Analysis
6. Competitive Landscape
7. Company ProfilesAlpha Baking Company Inc. Aryzta AG Associated British Foods PLC Barilla Holdings SpA Bridgford Foods Corporation Conagra Brands Inc. Custom Foods Inc. Europastry General Mills Inc. Grupo Bimbo Kellogg Company
For more information about this report visit https://www.researchandmarkets.com/research/fk9rvs/global_frozen?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005432/en/
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Related Topics:Baked Goods
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 08/20/2018 11:52 AM/DISC: 08/20/2018 11:52 AM