Global Frozen Bakery Market to Exceed USD 21.84 Bn by 2023, Forecasts MRFR in Its New Report Recently Uploaded at MarketPublishers.com
06 Jul 2017 • by Natalie Aster
LONDON – Over the previous few years, the frozen bakery market has enjoyed the steady demand growth, and this trend is predicted to maintain in the coming years. The value of the frozen bakery market is likely to raise at a 6.6% CAGR in the short run to exceed USD 21.84 billion by the year 2023. The most prominent market growth drivers include escalating demand for bakery products having high shelf-life and also strong demand for convenience food products.
Europe is predicted to continue holding the top position in the world’s frozen bakery market, capturing a share of appr. 35%. Europe’s frozen bakery market is expected to gain traction at a 7.27% CAGR through 2023 to go beyond USD 8 billion by 2023.
Basing on types, breads are expected to see the highest growth rates (appr. 7.61%) during 2017-2023. The value of the breads segment is poised to cross USD 6 billion by 2023.
The outstanding companies in the frozen bakery market comprise Grupo Bimbo SAB de CV, Arista AG, Flowers Foods, Lantmannen Unibake, Rich Products, Vandemoortele Bakery Products, General Mills and Europastry Sa, amid others.
The new report from Market Research Future (MRFR) “Global Frozen Bakery Market - Trends & Forecast, 2017-2023” offers a clear understanding of the present scenario and historical development of the world’s frozen bakery market as well as gives an all-round future outlook through 2023. This publication gives access to reliable data on the frozen bakery market size, shares, segmentation and factors shaping the market; covers the prevailing and emerging development trends, points out the lucrative growth opportunities and highlights the key challenges and threats. Besides, the research study describes the competitive scenario, profiles the dominant players, discusses the recent industry developments and also covers the important aspects.
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