APAC and MEA Frozen Bakery Products Market, by Type (Breads, Pizza Crusts, Cakes & Pastries, others), By Distribution Channel (Artisan Bakers, Retail, Catering & Online Channel), By Technology (Raw Products, Ready-to-Bake, Ready Baked & Frozen), Source (Corn, Wheat, Barley, and Rye), By Region (Asia Pacific and the Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-2026
- Published Date: May 2020
- Report ID: BWC2066
- Available Format: PDF
- Page: 0
APAC and MEA Frozen Bakery Products Market – Market Forecast & Trends
The consumer’s appeal for suitability in having food products is one of the main factors that drive the development of the frozen bakery products market. The convenience factor is vital for the consumer even when it comes to food ingesting as it aids in cutting down the time for daily chores. Thus, frozen foodstuffs gain significance amid the object consumers. Over the past couple of years, there is a development in a request of frozen food products, which is contributing to many health welfares related with the product. Frozen food products are chockfull with nutrients and display a longer shelf life. This surges the request for many types of frozen food products concurrently, paving the path of chance for frozen bakery products market to rise. As a result, diverse food manufacturers plan on coming up with such products that cater to the wants of their customers. As a result, the convenience factor is being measured as one of the most prominent frozen bakery products market trends.
APAC and MEA Frozen Bakery Products Market – Overview
Frozen Bakery Products market includes doughnuts, bread, cakes that are gotten from corn, rice, oats, wheat, grain, and rye. The use of these sources as the crude materials for bakery products changes the situation in the world. These are rich in proteins, flavor show nearly longer timeframe of realistic usability, and are caring to use, which drive the attention for these items in the market. Frozen Bakery products are classically sold in dissimilar stores, bistros, and eateries. The essential general limits liable for the growth of the market means positive finishes paperwork for frozen bakery products approximation.
Shifting consumer trend convenience
The customer’s appeal for suitability in having food products is one of the main factors that push the development of the frozen bakery products market. The convenience factor is significant for the consumer even when it comes to food intake as it helps to cut down the time for daily chores. Thus, frozen food products gain prominence among the target customers.
Increasing awareness about health benefits
A large share of the people from various demographic sections has been following a healthy diet plan due to a rise in mindfulness on various welfares related to the acceptance of a healthy routine. Customers have been looking out for food products that are rich in nutrition and endorse other such health welfares. Frozen food products have a distinctive feature of conserving its nutrition content for a lengthier period. As a result, with the increase in a drift on food fortification, frozen bakery products industry visions chance in gaining traction among the health-conscious customer and concurrently creating sales.
Rising westernized diet trends
With rising globalization, pizza and related thin crust baked products have entered in the APAC belt as well. In fact, pizza crust shields almost 30% of the complete product scenery of the frozen bakery market and is probable to donate meaningfully toward the overall share.
Growing development and prosperity, along with a prominent influence of western culture, are the prime issues motivating the China market. Statistics disclose that the country’s request for baked foods have been rising at a firm pace over the past era, and the drift is likely to continue.
APAC and MEA Frozen Bakery Products Market: Segmentation
The market, based on type, has been fragmented into bread, pizza crusts, cakes & pastries, and others. The cakes & pastries section is projected to grow at the highest CAGR during the forecast period (2016-2022). The surge in request for bread and its alternates by the foodservice industry is probable to propel the demand for frozen bakery products during the estimated period.
The frozen bakery products market, based on distribution channel, has been divided into artisan bakers, retail, and catering & industrial. Retail is probable to be the leading segment through the estimated period, whereas catering & industrial is probable to be the fastest-growing segment. Factors such as rising population and growing disposable income affect local market dynamics significantly. At the same time, the catering & industrial channel is motivated by the rising demand for frozen and par-baked products from restaurants and other institutional food services.
Based on technology, the frozen bakery products market is segmented into raw products, ready baked & frozen, ready-to-bake. The available baked & frozen segment is likely to grow at the highest CAGR from 2016 to 2022. Features such as the wide-scale application, versatility, available products, and quick to use at discarding drive the ready baked & frozen segment.
Geographically, APAC and MEA Frozen Bakery Products are segmented into the Asia Pacific and the Middle East & Africa. The Asia-Pacific market is predicted to grow at the highest CAGR during the estimated period. Frozen bakery products are expected to gain potential demand in emerging countries such as India and China, due to the rise in throwaway income and purchasing power parity (PPP) of the rising population of these countries. Instability of raw material prices and preference for newly baked products are limits for frozen bakery products market players.
APAC and MEA Frozen Bakery Products Market: Regional insights
Europe contributed to the leading market share in 2018. Germany accounted for a significant share in Europe during the same year. The growth tourism and catering industry in European countries such as the U.K., Germany, and Italy, is predictable to offer significant development chances in the next few years. Consumers prefer suitable and ready ingesting products for their breakfast menu, which in turn has chosen the product demand. Furthermore, the obtainability of gluten-free baked goods for the health-alarmed consumers has funded to the growth.
The Asia Pacific is predicted to see the fastest development during the estimated period due to issues such as developing economies, the effect of the western culture, and increasing disposable income. The growing female workforce has distorted the predictable household dynamics, which has resulted in the apparent rise in liking for ready to eat food. For instance, the market growth in India was reinforced by the major urban cities taking a high percentage of working women people.
Kellogg Company; Cargill Corporation; Conagra Brands Inc.; Custom Foods, Inc.; Vandemoortele N.V.; Bridgford Foods Corporation; Associated British Foods plc; General Mills, Inc.; Europastry; Cole’s Quality Foods Inc.; and Flowers Foods and other prominent players.
· In 2018,Sara Lee Frozen Bakery opened after Kohlberg and Company acquired the frozen bakery business of Tyson Foods.
· Grupo Bimbo S.A.B. in 2016 announced the acquisition of the General Mills Argentinas bakery business.
· By Type
Ø Pizza Crusts
Ø Cakes & Pastries
· By Distribution Channel
Ø Artisan Bakers
Ø Online Channel
· By Technology
Ø Raw Products
Ø Ready Baked
· By Source
· By Region
Ø Asia Pacific
ü South Korea
ü Rest of APAC
Ø Middle East & Africa
ü Saudi Arabia
ü South Africa
ü Rest of MEA
The objective of the Study:
Ø To analyze and forecast the APAC and MEA Frozen Bakery Products Market size of the market in terms of value.
Ø To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.
Ø The APAC and MEA Frozen Bakery Products Market segmented into five regions, namely, Asia Pacific, MEA and their leading countries.
Ø To outline, categorized, and forecast the APAC and MEA Frozen Bakery Products Market based on the Type, Distribution Channel, Technology, Source, and Regional.
Ø To examine competitive developments like by type, Distribution Channel, Technology, Source, Regional within the APAC and MEA Frozen Bakery Products Market.
Ø To highlight the impact analysis of the factors affecting the market dynamics such as growth drivers.
Ø To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Business Questions Answer by the Report
Ø How will the market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the market size in terms of value and volume and market statistics with a detailed classification?
Ø Which segment dominates the market or region, and one will be the fastest - growing, and why?
Ø A comprehensive survey of the competitive landscape and the market participant players
Ø Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
Ø With five additional company detail analysis
Ø Additional country analysis
Ø Detailed segment analysis
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