-- Market Analysis:
In the recent years, drastic changes have been observed in the food consumption pattern of the masses. A sudden rise in demand for convenience food is propelling the demand for frozen food which is likely to have a significant impact on the product portfolio of the food & beverage industry. Market Research Future (MRFR) has recently conducted an exhaustive study on the global specialty frozen bakery market which is projected to gain quick mileage in the forthcoming years. The market is forecasted to expand at 4.5% CAGR over the review period 2016 to 2022. The report further reveals that the market is expected to scale a valuation of USD 3,434 Mn towards the end of 2022.
The major demand growth in the market is driven by the fast food restaurants that rely on frozen products for capitalizing on the opportunities. The dependency on convenience food due to changing lifestyle is anticipated to have a favorable influence on the expansion of the specialty frozen bakery market in the years to come.
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The growing popularity of foodie culture has paved the demand for food from different parts of the world. Specialty frozen bakery market players are endeavoring to make different types of food from different corners of the world available for consumers. It is poised to augment the specialty frozen bakery market across the review period. Also, the growth of high-end bakeries dealing in specialty frozen products is likely to invigorate more demand in the foreseeable future.
Leading Players:
The noted players of the global Specialty Frozen Bakery Market are
• Flowers Foods, Inc. (U.S.),
• Rich Products (U.S.),
• Aryzta AG (Switzerland),
• Lantmannen Unibake (Denmark),
• Vandemoortele Bakery (France),
• Grupo Bimbo SAB de CV (Mexico),
• Europastry Sa (Spain),
• Mantinga, UAB (Lithuania),
• Harry-Brot GmbH (Germany) and
• Germoglio Food Spa (Italy).
The growth opportunities tapped by the market participants include mergers & acquisitions, product innovation, portfolio development, partnerships, etc. In between 2011 and 2015, the U.S. based Flowers Foods, Inc. has completed the acquisition of Lepage Bakeries, Tasty Baking Company, Wonder, Home Pride, Merita, Butternut, Dave’s Killer Bread (DKB), Alpine Valley Bread Company, and Roman Meal trademark.
Industry News:
In April 2019, ARYZTA, Swiss food business firm, has announced the launch of Mette Munk® Danish pastries for the Canada and United States market.
In January 2019, Caulipower, a U.S. based food & beverage company, has announced the introduction of its new frozen, ready-to-make cauliflower tortilla line that comes in Original and Grain Free varieties.
Market Segmentation:
By type, the global Specialty Frozen Bakery Market has been segmented into bread rolls & artisan loaves, sweet baked goods & morning goods, pizza crust, savory and others.
By customer-type, the specialty frozen bakery market has been segmented into homemakers, industrial, and others.
By distribution channel, the global specialty frozen bakery market has been segmented into quick service restaurants, foodservice, large retail, convenience / independent retail, and others.
Regional Analysis:
The global specialty frozen bakery market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). Europe is currently placed at the topmost position in the global marketplace with respect to market share. The concentration of artisanal bakery in the region is likely to capitalize on the growing demand across the world. This, in turn, is prognosticated to push the specialty frozen bakery market towards a boom in the nearby future. Although Europe is expected to grow substantially over the next couple of years. North America is anticipated to gain momentum and take over Europe market in terms of revenue by the end of the assessment period. The region is forecasted to observe an increase in the consumption of sweet baked goods.
Browse Related Report:
Frozen Bakery Market Information by Type (Bread, Rolls & Buns, Cakes & Cupcakes, Muffins & Cupcakes, Cookies & Doughnuts, Pies & Tarts, Sandwiches & Wraps), Packaging (Moisture-vapor-proof, Odor-Proof, Temperature-Proof), Application (Pizza Base, Cake Batter, Burger Buns, Sandwich Slices, Breakfast Foods, Appetizers, Snack Foods, Confectionery, Desserts) and Region - Forecast to 2022
https://www.reuters.com/brandfeatures/venture-capital/article?id=104461
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Website: https://www.marketresearchfuture.com/reports/specialty-frozen-bakery-market-2746
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