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Frozen Bakery Products Market Is Projected To Be Around $ 24.59 Billion By 2023

 



(Entertainment-NewsWire.com, October 14, 2017 ) The global frozen bakery products market evaluated approximately USD 11.07 billion in 2013 and is anticipated to reach around USD 24.59 billion by the end of 2023 with registering itself at a compound annual growth rate (CAGR) of 8.31% over the forecast period. Frozen Bakery products are bakery yields which are refrigerated and frozen at very low temperature to conserves it for a longer period of time. Low-temperature storage conserves not just the bakery products but also the organoleptic characteristics of the baked products including flavor, color, and texture. Frozen bread rolls, frozen bread, frozen pastries, frozen cakes, frozen patisserie and frozen pizza crust are a few of the key instances of frozen bakery products. The bakery products demand is found to be growing depending on the high requirements from customers as they are referred as convenience foodstuffs with longer shelf-life and maintained organoleptic characteristics. Out of all frozen bakery products, frozen pizza crust leads the highest market share followed by frozen pastries and frozen bread. In western nations, a lot of people choose to take frozen pizza as an ingredient of their everyday meal. Frozen bakery market maintains approximately 8% of the global frozen food market.

The global frozen bakery products market is projected to experience significant growth owing to the amplified ready-to-unfreeze and ready-to-bake frozen bakery products demand. Major driving factors for the global market are taste uniformity demand among customers, convenience rendered by these products, and expansion in retail outlets dishing these products. The key market players have accomplished a competitive edge by offering these products in fast service restaurants, coffee chains, gas stations, and store-indoor bakeries. Several benefits presented by these bakery products like better quality, ease of availability, reasonable pricing, and environmentally friendly manufacturing process, are fueling the growth of the global frozen bakery products market. However, inadequate distribution services in semi-urban and rural areas and deficiency of refrigeration facility in the retail stores can hamper the growth of the global frozen bakery market over forecast years.

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Frozen Bakery Products Market, By Target Audience, Estimates and Forecast, 2013-2023 ($Million)

Food safety agencies
Government and research organizations
Frozen bakery products manufacturers and suppliers
Food safety agencies
Associations and industrial bodies
Regulatory institutions
Traders, distributors, and retailers
Agricultural institutes and universities

Frozen Bakery Products Market, By Product, Estimates and Forecast, 2013-2023 ($Million)

Breads
Rolls
Pizza Crusts
Cakes
Muffins
Pound cakes
Pancakes
Pastries
Donuts
Others Frozen Bakery Products

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

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Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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