Pune, India -- (SBWIRE) -- 11/06/2017 -- Market Overview:

The global market for Frozen Bakery has witnessed continued demand during the last few years and is projected to reach USD 21,842.82 Million by 2023, at a CAGR of 6.60% by 2023. Increasing demand for bakery products with high shelf-life and high demand for convenience food products is likely to drive the global frozen bakery market.

Europe will continue to dominate the frozen bakery market with more than 35% market share and is projected to reach more than USD 8,000 Million with CAGR of 7.27% by 2023. North America will witness highest growth rate (~7.62%) during forecast period 2017 to 2023. Availability of variety of frozen bakery products has increased the popularity and consumption of frozen bakery products among consumers in developed regions. High focus on R & D has led to innovations in bakery products by increasing the shelf-life of the product and enhancing the nutritional value. All these factors have a positive impact on the frozen bakery market.

Based on the types available in frozen bakery, breads will witness highest growth rate (~7.61%). By 2023, bread based frozen bakery will reach a market value of more than USD 6,000 Million on a global level. Rising applications of bread and bread based products in fast food chains has a positive influence on its market growth. Rolls and buns are anticipated to grow at a high rate based on increasing demand for on-the-go food products.

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Competitive Analysis-

The major Key Players in Frozen Bakery Market are

- Flowers Foods, Inc. (U.S.)
- Rich Products (U.S.)
- Lantmannen Unibake, USA, Inc (Denmark)
- Vandemoortele Bakery Products (France)
- Arista AG (U.S.)
- Grupo Bimbo SAB de CV (Mexico)
- Europastry Sa (Spain)
- General Mills, Inc. (U.S.)

Key players are focused majorly on acquisitions and mergers to expand their business of frozen bakery products and it accounts for more than 50% of the overall strategy share by key players from last few years. New product launch and geographical expansion are the main factor which are contributing more than 20% of strategy share and is facilitating companies to penetrate the potential market across globe.

By Downstream Analysis-

By 2023, bread based frozen bakery will reach a market value of more than USD 6,000 Million. High application and increased demand for bread based products across the food industries is having a positive impact on its market. Based on the packaging, temperature-proof packaging based on the low preservation temperature of the baked goods is anticipated to hold a lion's share in global frozen bakery market.

Pizza base based application of Frozen Bakery is estimated to hold a major share of the total market share and it is projected to grow at a CAGR of 7.09% by 2023. However, sandwich slices based application will witness a high growth rate (~7.11%) during forecast period 2017 to 2023. Rising consumption rate and demand for on-the-go baked good products will have a positive impact on the market share of sandwich slices.

Target Audience

- Frozen Bakery manufacturers
- Frozen breads manufacturers
- Food processing industries
- Retailers and wholesalers
- Traders, importers and exporters

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Table of Contents

1    Executive Summary    11

2    Introduction    12

3    Research Methodology    15

4    Secondary Research    17

5    Market Dynamics    18

6    Market Trends    23

Continued….