Frozen Bread Market Scope
The global population is suffering from a hectic lifestyle which has led to increased consumption of ready to eat products across the globe. However, added artificial flavors and preservatives might act as a hindrance. Thus, the demand for preservative-free and healthier food products such as frozen bread has been increased. In addition to this, an improved shelf life of the products than conventional bakery products will further escalate the consumption over the forecasted period. However, food textures and the availability of numerous substitutes might stagnate the demand. Jams or preserves are manufactured from vegetables, fruits, and a number of sugar additives & preservatives. However, the availability of fresh food product substitutes might hamper the demand.
The market study is being classified by Type (Freezing Pastries, Cold Pizza Crust, Frigid Cake, Frigid Bread and Other Products) and major geographies with country level break-up. According to AMA, the Global Frozen Bread market is expected to see growth rate of 4.38% and may see market size of USD5633.01 Million by 2024.
The Vendors having a strong hold in the market are Aryzta, Rich Products, Gonnella Baking, EDNA International, and George Weston Limited. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Frozen Bread market throughout the predicted period.
Aryzta AG (Switzerland), Rich Products Corporation (United States), Gonnella Baking Co. (United States), EDNA International GmbH (Germany), George Weston Limited (Canada), Sunbulah Group (Saudi Arabia), Bridgford Foods Corporation (United States), Gonnella Baking Company (United States), Grupo Bimbo, S.A.B. de CV (Mexico) and Emad Bakeries (Saudi Arabia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Flowers Foods Inc. (United States) and Wenner Bread Products, Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Frozen Bread market by Type, Application and Region.
On the basis of geography, the market of Frozen Bread has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Convenience Stores will boost the Frozen Bread market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Baking Type, the sub-segment i.e. Ready-To-Prove will boost the Frozen Bread market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On May 2, 2017, one of the global leaders of bakery products, "Rich Products" has acquired a family-owned company "Jacqueline’s Gourmet Cookies" with 125 employees based in Salem, Mass. This acquisition will allow Rich’s to expand its cookie operation with the creation of a dedicated center of expertise at the Massachusetts operation.
Senior Vice President of government relations and public affairs for American Bakers Association, "Lee Sanders" has said that the bakery industry has faced legislative change and it will continue to do so. It will ultimately put a lot of pressure on bakers and their bottom line. She also said that the baking industry is observing robust competition in recent times. However, numerous concerns like commodity volatility, food safety, sustainability, and many others might hinder business growth.
- Increasing Demand for Variety of Flavoured Frozen Bakery Products
- Growing Adoption of Brown Butter and Rising Inclusion of Natural Flavors
- Frozen Bread is Comparatively More Durable than Conventional Bakery Products
- Escalating Demand for Processed Food Products
- Upsurging Consumption of Bakery Products from American,& European Population
- Increasing Hectic and Busy Lifestyles favoring Adoption of Ready to Eat Food Products
- Availability of Numerous Fresh Food Product Substitutes
- Increasing Raw Material Cost as well as Distribution Overheads
- Stringent Government Regulations on Food and Beverage Manufacturing
- Might Cause Foodborne illnesses involving Salmonella spp, Listeria monocytogenes, Staphylococcus aureus, and Bacillus cereus
Key Target AudienceFrozen Bread Manufacturers, Frozen Bread Distributors and Traders, Frozen Bread Upstream and Downstream Buyers, Government Agencies, Research and Development Institutes and Others
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