Specialty Frozen Bakery Market to Grow at 4.45% CAGR through 2022, Forecasts MRFR in Its In-Demand Report Available at MarketPublishers.com
11 Sep 2017 • by Natalie Aster
LONDON – During the past several years, the world’s specialty frozen bakery market has seen stable demand growth. Fueled by changing lifestyles and increasing consumption, the global specialty frozen bakery market is set to increase at a 4.45% CAGR through 2022 to exceed USD 3.4 billion in value terms.
Ongoing improvements in distribution channels is having influence on sales of specialty frozen bakery products in the North American and European regions. These regional markets together account for the biggest value share of the global specialty frozen bakery market due to high popularity of this products in QSR in these regions. Meanwhile, high growth rates are expected in such country markets as Brazil, South Africa, Saudi Arabia and Turkey.
As of 2016, QSR and foodservice grabbed a 45% share of the overall market owing to maximum variety of products available in this channel. Meantime, the convenience/independent retail sector is predicted to increase at the highest CAGR during 2017-2022.
In-demand topical research report “Global Specialty Frozen Bakery Market - Trends & Forecast, 2016-2022” worked out by Market Research Future (MRFR) provides a clear picture of the actual scenario in the specialty frozen bakery market at various geographical levels. It includes trustworthy statistics on historical and present market performance, reviews the major market growth influencing factors and scrutinizes the market dynamics. Besides, this topical study comprises a detailed market segmentation analysis, describes the competitive scenario, profiles the dominant participants and also identifies and discusses the prevailing market development trends. This study covers all the major aspects of the market, canvasses the hottest issues, touches upon the recent industry developments and also outlines future growth prospects for the specialty frozen bakery market for 2017-2022.
For other in-demand research reports by this publisher follow MFRF page at MarketPublishers.com.