The frozen bakery market is expected to witness an exponential growth over the forecast period. Shifting lifestyles of consumers coupled with a growing demand for processed food products is projected to lead the frozen baked goods market worldwide. In observation with traditional bakery products, frozen bakery products could be stored for a longer period. Numerous features of the amicable frozen bakery product, including reasonable prices, environmental manufacturing process, better quality and convenient in availability are expected to propel the demand for ordinary bakery products over the projected period. In addition, the macro environmental factors, including the fast-paced lifestyle and the global demand for processed food products should further improve the global demand for frozen bakery products.
As part of the food processing sector, the frozen bakery market holds significant market share. Frozen baked products including frigid cakes, cakes, pastries, and cold pizza hold a dominant market share due to the high consumption rate depends on the overall economic growth and the evolution of living and food culture of the population. The product innovation and adoption of advanced methods to improve the quality frigid baked products, including enzymes, hydrocolloids, sourdough fermentation and antioxidants to the natural process are expected to rise in order to gain positive growth in the global industry. Inclination towards the pH range, health problems, concern for the temperature and freshly baked products among others are some of the obstacles to the growth over the forecast period.
The frigid baked products can be segmented based on the type and distribution channel. The base type could be classified into freezing pastries, cold pizza crust, frigid cake, and frigid bread and other products. Another segment of products includes donuts, buns, rolls and other. The distribution channel is classified bakers shops, retailers, caterers and bakers and industrial. Retail is divided into the hypermarket; supermarket and convenience stores while industrial catering and include food service, catering, and others.
The cold chain is an uninterrupted supply chain through temperature-controlled storage and distribution activities, in order to extend and ensure the shelf life of perishable products such as fruits & vegetables, dairy, baked & confectionery, meat, fish & seafood. Refrigerated transport and Cold storage are two momentums to the logistics industry. Cold chain logistics is the upcoming trend in the industry and is gaining popularity in the food & beverage industry due to growing demand for frigid food products. The changing consumer behavior toward processed and preserved goods forms the primary driver for this sector.
Economic growth of countries is the primary factor for the development of the frigid baked industry, as consumers can afford high-end products with improved nutritional and shelf life. Some of the European and North America countries show a strong economic development. However, these industries are considered the most significant industry to invest in the frigid baked. In recent future, some of the Asia Pacific countries are projected to depict good economic development, which would result in the further development of frigid baked products in those regions.
Europe has held the largest share for chilled & baked products with their enormous freezing food request of Norway, Finland, and Denmark, followed by Germany, Greece, and Switzerland. Germany is expected to continue dominance in the European region considering volume. North America holds the second largest revenue share after Europe registering the huge demand for processed foods coupled with the hectic and eventful life. The Middle East, South America, and Central Africa are anticipated to show stagnant growth during the next eight years.
Asia Pacific is forecasted to see a positive growth due to developing economies, rising disposable income, the tremendous influence of Western culture growing in the standard of living among the population. In context with the revenue, the European region is expected to dominate the world industry for frigid baked among other economies. The baked industry particularly cold is projected to raise at a prominent pace in the Asia-Pacific region from increased observed demand for processed food products.
Key players in developing regions where significant demand for frigid products incorporated with processed products can be projected to improve their industry size and the volume. The company focuses on product innovation, the introduction of new products by adopting the next-generation technology.
The global industry for frigid baked products is highly consolidated due to the presence of multinationals including Deloris frigid dough products, Pepperidge Farm, General Mills Inc., Vaasan Oy, Lantmannen, Talos ZAO, Maple Leaf Foods Inc., Flowers Foods Inc., Barilla Holding SpA, Alpha Baking Company Inc., Kellogg Company, Grupo Bimbo, Premier Foods Plc, Warburtons Baked, Custom Foods Inc., General Mills Inc., Findus Group Quality foods Cole Inc., Bridgford Foods Corporation, Europastry, Aryzta AG, Cargill Incorporated, Associated British Foods Plc, Oetker-Gruppe, and Lantmannen Unibake.
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