Global Frozen Bakery Market will surpass USD 40 billion by 2024

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Frozen Bakery Market Worth USD 40 Bn by 2024
Global Market Insights Inc.
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Key Insights from Frozen Bakery Market

• Global Frozen Bakery Market size was estimated
  over USD 30 billion in 2017 and the industry will
  grow by a CAGR of more than 5.0 up to 2024.
• Growing demand for healthy and convenient baked
  products will bolster the entire frozen bakery
  market in the forecast spell. In most of the
  developing nations, bakery product manufacturers
  are reformulating their bakery product lines
  modifying their product packaging, claiming to
  address the consumers health concerns. The
  sector continues to see dynamic growth owing to
  change in consumer preferences towards the
  healthier food options that have longer shelf
  life various nutritional benefits such as high
  fiber content, less fat sugar, etc. Above
  mentioned trends will spur the entire market in
  forecast period.
• Global frozen bakery market is segmented on the
  basis of product as ready-to-prove,
  ready-to-bake, and fully baked. Ready-to-bake has
  the highest market share in terms of volume as
  well as revenue owing to its huge demand in the
  HORECA, bakery chains, supermarkets and
  hypermarkets end-use industries. This segment
  will show a positive growth with more than 5
  CAGR from 2018 to 2024.

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Continued...

• Global frozen bakery market is segmented on the
  basis of product as ready-to-prove,
  ready-to-bake, and fully baked. Ready-to-bake has
  the highest market share in terms of volume as
  well as revenue owing to its huge demand in the
  HORECA, bakery chains, supermarkets and
  hypermarkets end-use industries. This segment
  will show a positive growth with more than 5
  CAGR from 2018 to 2024.
• Frozen bakery market is segregated into five
  major end-user which include convenience stores,
  hyper markets super markets, artisan bakers,
  hotels, restaurants and catering (HORECA) and
  bakery chains. Hyper market super market will
  register highest CAGR owing to the shift of
  retail industry from the unorganized to the
  organized sector in most emerging countries.
• Grupo Bimbo, Comapan S.A, Vandemoortele, Aryzta
  AG, BredenMaster S.A., CSM Bakery Solutions,
  Weston Foods are some of the crucial players in
  global frozen bakery market.

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U.S. Frozen Bakery Market Size, By End-User, 2013
2024 (USD Billion)

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