The report “GLOBAL FROZEN BAKERY PRODUCTS MARKET FOR FOOD AND BEVERAGES SEGMENTED BY TECHNOLOGY, APPLICATION, GEOGRAPHY, MARKET ESTIMATION AND FORECAST IN (2018-2024)”, the global frozen bakery market is expected to reach USD 23.56 Billion by 2024 at a CAGR of 7.86% during the forecast period. One of the key drivers of the frozen bakery market is increase in exports and imports of frozen cakes and pastries from dominant regions.
Shifting lifestyle of consumers coupled with a growing demand for processed food products is expected to lead the frozen baked goods market across the globe. Frozen bakery market contributes a significant portion in sales of food processing market across the globe.
In observation with other (traditional) bakery products, frozen bakery products will be kept fresh for long period. Several frozen bakery products like frozen pizza crust, frozen breads, frozen cake breads, frozen pastries are high in demand, which elevates the frozen bakery market across the globe.
The market is growing towards additional distributed operations, which supply refined and healthy products. Due to increase in health conscious level, people prefer food that contains healthy ingredients.
Growing demand of these ingredient results is driving overall frozen bakery market. The reason for the expansion of frozen bakery market is due to the habit of “food on-the-go”.
Frozen Pizza crust accounted for a significant market share
In western countries like France, Russia, New Zealand, Mexico, Spain and Germany many people prefer to take a frozen pizza crust as a part of their daily meal. Pizza crust has a significant market share accounted as 35% of the overall market.
In market segmentation, the dominance of the product type segment is projected to the consumption pattern in developed countries such as Russia, Italy.
Catering and Industrial channel is expected to be the quickest growing distribution channel
Changing life-styles and rise in the number of national and international brands are the major driven factors for Catering and Industrial channel. International cuisine recipes include bread and different variants of bread.
Growing culture of eating out is mainly responsible for the highest demand for a variety of bread products.
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