(Entertainment-NewsWire.com, October 18, 2017 ) The global frozen bakery products market was worth USD 11.07 billion in 2013 and is prognosticated to be nearly USD 22.71 billion by 2023, growing at a compound annual growth rate (CAGR) of 8.31% during the forecast period. Rising requirement of processed food and increasing preference of bakery products among consumers is said to boost the demand of bakery products. These products can be stored for longer time in comparison with traditional bakery products. Various benefits provided by these products such as enhanced quality, manufacturing process that is environment friendly, convenient availability and low prices are anticipated to spur the growth of this market. A considerable chunk is contributed by frozen bakery products to the frozen food market owing to the increasing demand of ready to warm and ready to bake products. Quick service is offered by these products along with maintaining freshness as well as quality. Multiple companies have accomplished prosperity in a competitive market by providing these products to places that offer quick services like cafes, gas stations, restaurants, in-store bakeries and coffee chains. The major factors that influence the growth of these products are growing demand among consumers, consistency in taste and enhancement of retail avenues providing these products. On the other hand, shortage of distribution facilities in rural or semi-urban areas and absence of refrigeration facility in some retail stores are factors that can hamper the growth of this market.
Product Outlook and Trend analysis
The global frozen bakery products market in terms of product is disintegrated into pastries, pizza crusts, rolls, donuts, cakes, breads and others. With regards to revenue a substantial market share was registered by pizza crust of over 30 percent. In several western countries like Germany, France, Spain and Mexico frozen pizza is a part of daily meal. Moreover, this segment was leading the market owing to the pattern of consumption in emerging countries like United States and Italy. Companies providing frozen food are launching new pizzas that contain ingredients that are healthy. On the basis of consumption, frozen bread is said to show significant growth in the upcoming years. In America, bread is known to be as a staple food item. At the time of storage various physical and chemical changes take place that may degrade the freshness and the quality of the bread.
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)
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.
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.
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
Contact:
304 South Jones Blvd, Suite 1896, Las Vegas NV 89107, United States Toll Free: +1-888-213-4282 Email: sales@crystalmarketresearch.com Website: http://www.crystalmarketresearch.com
