Asia Pacific Frozen Waffles Market Forecast to 2030 - Regional Analysis- by Type (Flavored and Unflavored/Plain), Category (Gluten-free and Conventional), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
The Asia Pacific frozen waffles market is expected to grow from US$ 598.75 million in 2023 to US$ 924.88 million by 2030. It is estimated to grow at a CAGR of 6.4% from 2023 to 2030.
Rising Growth of E-commerce Fuel Asia Pacific Frozen Waffles Market
The organized retail sector has undergone a massive transformation in recent years. The emergence of e-commerce resulted in considerable changes in how people shop and spend their money. The increasing penetration of smartphones and the internet, easy access to emerging technologies, rising purchasing power, and convenience provided by online retail platforms of shopping from anywhere are key factors driving the growth of e-commerce platforms.
People increasingly prefer online retail platforms for purchasing frozen foods. The online sales of food and beverages increased significantly during the COVID-19 pandemic due to the closure of brick-and-mortar stores and government restrictions. As lockdowns first constrained individuals and subsequently continued to work from home, there was a substantial shift to online shopping. Other factors influencing consumers to shop online include heavy discounts, availability of various products of different brands under one roof, and home delivery options. With the rising penetration of e-commerce across different countries, the manufacturers of frozen waffles are also enhancing their online presence by selling their products through well-known e-commerce platforms such as Amazon.com, Lidl, and Walmart. This factor is further expected to drive the growth of the frozen waffles market over the coming years.
Asia Pacific Frozen Waffles Market Overview
Countries considered for the frozen waffles market in the Asia Pacific comprises Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Emerging countries in the region are witnessing a surge in health-conscious consumers that will create demand for frozen waffles. The busy lifestyle of the growing urban middle-class population, who prefer a convenient and healthy diet, is the primary factor boosting the demand for frozen waffles in the region. Due to rising urbanization, rising disposable incomes, and growing health-conscious consumers, the demand for frozen breakfast snacks increased across the region. Moreover, the frozen waffles market is also projected to grow due to increased promotional and advertisement strategies by various manufacturers operating in the market.
Consumers' rising population and disposable income in developing economies such as China, India, Indonesia, and Malaysia are significant drivers of the frozen waffles market growth. Manufacturers are enhancing their products by using different flavors. Thus, manufacturers' initiatives boost the demand for frozen waffles across the region.
Asia Pacific Frozen Waffles Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Frozen Waffles Market Segmentation
The Asia Pacific frozen waffles market is segmented into type, category, and distribution channel, and country.
Based on type, the Asia Pacific frozen waffles market is segmented into flavored and unflavored/plain. The flavored segment held a larger share of the Asia Pacific frozen waffle market in 2023.
Based on end category, the Asia Pacific frozen waffles market is segmented into gluten free and conventional. The conventional segment held the largest share of the Asia Pacific frozen waffles market in 2023.
Based on distribution channel, the Asia Pacific frozen waffles market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share of the Asia Pacific frozen waffles market in 2023.
Based on country, the Asia Pacific frozen waffles market is segmented into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific frozen waffles market in 2023.
AVIETA S.A.; Planetary Foods Pvt Ltd (Waffle Mill); Dely Wafels SRL; and Kellogg's Company are some of the leading companies operating in the Asia Pacific frozen waffles market.
Rising Growth of E-commerce Fuel Asia Pacific Frozen Waffles Market
The organized retail sector has undergone a massive transformation in recent years. The emergence of e-commerce resulted in considerable changes in how people shop and spend their money. The increasing penetration of smartphones and the internet, easy access to emerging technologies, rising purchasing power, and convenience provided by online retail platforms of shopping from anywhere are key factors driving the growth of e-commerce platforms.
People increasingly prefer online retail platforms for purchasing frozen foods. The online sales of food and beverages increased significantly during the COVID-19 pandemic due to the closure of brick-and-mortar stores and government restrictions. As lockdowns first constrained individuals and subsequently continued to work from home, there was a substantial shift to online shopping. Other factors influencing consumers to shop online include heavy discounts, availability of various products of different brands under one roof, and home delivery options. With the rising penetration of e-commerce across different countries, the manufacturers of frozen waffles are also enhancing their online presence by selling their products through well-known e-commerce platforms such as Amazon.com, Lidl, and Walmart. This factor is further expected to drive the growth of the frozen waffles market over the coming years.
Asia Pacific Frozen Waffles Market Overview
Countries considered for the frozen waffles market in the Asia Pacific comprises Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Emerging countries in the region are witnessing a surge in health-conscious consumers that will create demand for frozen waffles. The busy lifestyle of the growing urban middle-class population, who prefer a convenient and healthy diet, is the primary factor boosting the demand for frozen waffles in the region. Due to rising urbanization, rising disposable incomes, and growing health-conscious consumers, the demand for frozen breakfast snacks increased across the region. Moreover, the frozen waffles market is also projected to grow due to increased promotional and advertisement strategies by various manufacturers operating in the market.
Consumers' rising population and disposable income in developing economies such as China, India, Indonesia, and Malaysia are significant drivers of the frozen waffles market growth. Manufacturers are enhancing their products by using different flavors. Thus, manufacturers' initiatives boost the demand for frozen waffles across the region.
Asia Pacific Frozen Waffles Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Frozen Waffles Market Segmentation
The Asia Pacific frozen waffles market is segmented into type, category, and distribution channel, and country.
Based on type, the Asia Pacific frozen waffles market is segmented into flavored and unflavored/plain. The flavored segment held a larger share of the Asia Pacific frozen waffle market in 2023.
Based on end category, the Asia Pacific frozen waffles market is segmented into gluten free and conventional. The conventional segment held the largest share of the Asia Pacific frozen waffles market in 2023.
Based on distribution channel, the Asia Pacific frozen waffles market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share of the Asia Pacific frozen waffles market in 2023.
Based on country, the Asia Pacific frozen waffles market is segmented into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific frozen waffles market in 2023.
AVIETA S.A.; Planetary Foods Pvt Ltd (Waffle Mill); Dely Wafels SRL; and Kellogg's Company are some of the leading companies operating in the Asia Pacific frozen waffles market.
1. INTRODUCTION
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. ASIA PACIFIC FROZEN WAFFLES MARKET LANDSCAPE
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 The threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Packaging
5. ASIA PACIFIC FROZEN WAFFLES MARKET - KEY MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Surging Demand for Frozen and Convenience Food Worldwide
5.1.2 Rising Trend of In-Home Consumption
5.2 Market Restraints
5.2.1 High Preference for Traditional Breakfast Products in Selected Countries
5.3 Market Opportunities
5.3.1 Product Innovation
5.4 Future Trends
5.4.1 Rising Growth of E-commerce
5.5 Impact Analysis of Drivers and Restraints
6. FROZEN WAFFLES -ASIA PACIFIC MARKET ANALYSIS
6.1 Asia Pacific Frozen Waffles Market Overview
6.2 Asia Pacific Frozen Waffles Market -Revenue and Forecast to 2030 (US$ Million)
7. ASIA PACIFIC FROZEN WAFFLES MARKET ANALYSIS - BY TYPE
7.1 Overview
7.2 Asia Pacific Frozen Waffles Market, By Type (2022 and 2030)
7.3 Flavored
7.3.1 Overview
7.3.2 Flavored: Asia Pacific Frozen Waffles Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Unflavored/Plain
7.4.1 Overview
7.4.2 Unflavored/Plain: Asia Pacific Frozen Waffles Market - Revenue and Forecast to 2030 (US$ Million)
8. ASIA PACIFIC FROZEN WAFFLES MARKET ANALYSIS - BY CATEGORY
8.1 Overview
8.2 Asia Pacific Frozen Waffles Market, By Category (2022 and 2030)
8.3 Gluten-free
8.3.1 Overview
8.3.2 Gluten-free: Asia Pacific Frozen Waffles Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Asia Pacific Frozen Waffles Market - Revenue and Forecast to 2030 (US$ Million)
9. FROZEN WAFFLES MARKET ANALYSIS - BY DISTRIBUTION CHANNEL
9.1 Overview
9.2 Asia Pacific Frozen Waffles Market, By Distribution Channel (2022 and 2030)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Asia Pacific Frozen Waffles Market- Revenue and Forecast to 2030 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Asia Pacific Frozen Waffles Market- Revenue and Forecast to 2030 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Asia Pacific Frozen Waffles Market- Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Asia Pacific Frozen Waffles Market- Revenue and Forecast to 2030 (US$ Million)
10. FROZEN WAFFLES MARKET - COUNTRY ANALYSIS
10.1 Overview: Asia Pacific Frozen Waffles Market
10.1.1 Asia Pacific Frozen Waffles Market, by Key Countries - Revenue (2022) (US$ Million)
10.1.3 Asia Pacific Frozen Waffles Market Breakdown by Key Countries
10.1.3.1 Australia Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.1.1 Australia Frozen Waffles Market Breakdown by Type
10.1.3.1.2 Australia Frozen Waffles Market Breakdown by Category
10.1.3.1.3 Australia Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.2 China Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.2.1 China Frozen Waffles Market Breakdown by Type
10.1.3.2.2 China Frozen Waffles Market Breakdown by Category
10.1.3.2.3 China Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.3 India Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.3.1 India Frozen Waffles Market Breakdown by Type
10.1.3.3.2 India Frozen Waffles Market Breakdown by Category
10.1.3.3.3 India Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.4 Japan Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.4.1 Japan Frozen Waffles Market Breakdown by Type
10.1.3.4.2 Japan Frozen Waffles Market Breakdown by Category
10.1.3.4.3 Japan Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.5 South Korea Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.5.1 South Korea Frozen Waffles Market Breakdown by Type
10.1.3.5.2 South Korea Frozen Waffles Market Breakdown by Category
10.1.3.5.3 South Korea Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.6 Rest of Asia Pacific Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.6.1 Rest of Asia Pacific Frozen Waffles Market Breakdown by Type
10.1.3.6.2 Rest of Asia Pacific Frozen Waffles Market Breakdown by Category
10.1.3.6.3 Rest of Asia Pacific Frozen Waffles Market Breakdown by Distribution Channel
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 New Product Development
12. COMPANY PROFILES
12.1 DELY Wafels SRL
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Avieta SA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kellogg Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Planetary Foods Pvt Ltd (Waffle Mill)
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. APPENDIX
13.1 About The Insight Partners
13.2 Word Index
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. ASIA PACIFIC FROZEN WAFFLES MARKET LANDSCAPE
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 The threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Packaging
5. ASIA PACIFIC FROZEN WAFFLES MARKET - KEY MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Surging Demand for Frozen and Convenience Food Worldwide
5.1.2 Rising Trend of In-Home Consumption
5.2 Market Restraints
5.2.1 High Preference for Traditional Breakfast Products in Selected Countries
5.3 Market Opportunities
5.3.1 Product Innovation
5.4 Future Trends
5.4.1 Rising Growth of E-commerce
5.5 Impact Analysis of Drivers and Restraints
6. FROZEN WAFFLES -ASIA PACIFIC MARKET ANALYSIS
6.1 Asia Pacific Frozen Waffles Market Overview
6.2 Asia Pacific Frozen Waffles Market -Revenue and Forecast to 2030 (US$ Million)
7. ASIA PACIFIC FROZEN WAFFLES MARKET ANALYSIS - BY TYPE
7.1 Overview
7.2 Asia Pacific Frozen Waffles Market, By Type (2022 and 2030)
7.3 Flavored
7.3.1 Overview
7.3.2 Flavored: Asia Pacific Frozen Waffles Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Unflavored/Plain
7.4.1 Overview
7.4.2 Unflavored/Plain: Asia Pacific Frozen Waffles Market - Revenue and Forecast to 2030 (US$ Million)
8. ASIA PACIFIC FROZEN WAFFLES MARKET ANALYSIS - BY CATEGORY
8.1 Overview
8.2 Asia Pacific Frozen Waffles Market, By Category (2022 and 2030)
8.3 Gluten-free
8.3.1 Overview
8.3.2 Gluten-free: Asia Pacific Frozen Waffles Market - Revenue and Forecast to 2030 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Asia Pacific Frozen Waffles Market - Revenue and Forecast to 2030 (US$ Million)
9. FROZEN WAFFLES MARKET ANALYSIS - BY DISTRIBUTION CHANNEL
9.1 Overview
9.2 Asia Pacific Frozen Waffles Market, By Distribution Channel (2022 and 2030)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Asia Pacific Frozen Waffles Market- Revenue and Forecast to 2030 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Asia Pacific Frozen Waffles Market- Revenue and Forecast to 2030 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Asia Pacific Frozen Waffles Market- Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Asia Pacific Frozen Waffles Market- Revenue and Forecast to 2030 (US$ Million)
10. FROZEN WAFFLES MARKET - COUNTRY ANALYSIS
10.1 Overview: Asia Pacific Frozen Waffles Market
10.1.1 Asia Pacific Frozen Waffles Market, by Key Countries - Revenue (2022) (US$ Million)
10.1.3 Asia Pacific Frozen Waffles Market Breakdown by Key Countries
10.1.3.1 Australia Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.1.1 Australia Frozen Waffles Market Breakdown by Type
10.1.3.1.2 Australia Frozen Waffles Market Breakdown by Category
10.1.3.1.3 Australia Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.2 China Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.2.1 China Frozen Waffles Market Breakdown by Type
10.1.3.2.2 China Frozen Waffles Market Breakdown by Category
10.1.3.2.3 China Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.3 India Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.3.1 India Frozen Waffles Market Breakdown by Type
10.1.3.3.2 India Frozen Waffles Market Breakdown by Category
10.1.3.3.3 India Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.4 Japan Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.4.1 Japan Frozen Waffles Market Breakdown by Type
10.1.3.4.2 Japan Frozen Waffles Market Breakdown by Category
10.1.3.4.3 Japan Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.5 South Korea Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.5.1 South Korea Frozen Waffles Market Breakdown by Type
10.1.3.5.2 South Korea Frozen Waffles Market Breakdown by Category
10.1.3.5.3 South Korea Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.6 Rest of Asia Pacific Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.6.1 Rest of Asia Pacific Frozen Waffles Market Breakdown by Type
10.1.3.6.2 Rest of Asia Pacific Frozen Waffles Market Breakdown by Category
10.1.3.6.3 Rest of Asia Pacific Frozen Waffles Market Breakdown by Distribution Channel
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 New Product Development
12. COMPANY PROFILES
12.1 DELY Wafels SRL
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Avieta SA
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Kellogg Co
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Planetary Foods Pvt Ltd (Waffle Mill)
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. APPENDIX
13.1 About The Insight Partners
13.2 Word Index
