Frozen bakery products market includes bread, cakes, pastries, and donuts, which are derived from sources such as corn, wheat, barley, oats, and rye. The consumption of these sources being used as the raw materials for bakery product varies across the world. These are rich in nutrition and taste, exhibit comparatively longer shelf life, and are convenient to use, which drive the demand for these products in the market. Frozen bakery products are usually sold in various stores, cafes, and restaurants. The overall key parameters responsible for the growth of the market, signifies positive signs for frozen bakery products market forecast.
The consumers’ desire for convenience in having food is one of the major factors that drives the growth of the APMEA frozen bakery products market. Convenience factor is important for the consumer even when it comes to food consumption as it helps to cut down the time for daily chores. Thus, frozen food products gain importance among the target customers. Over the past couple of years, there has been a rise in demand for various types of frozen food products, which is attributable to the various health benefits associated with the product. Frozen food products are packed with nutrients and exhibit a longer shelf life. This increases the demand for various types of frozen food products simultaneously paving path of opportunity for APMEA frozen bakery products market to grow. As a result, different food manufacturers strategize on coming up with such products that cater to the needs of its customers. As a result, convenience factor is being considered as one of the most influential frozen bakery products market trends.
Large portion of the population from various demographic segments have been following a healthy diet plan, due to the rise in awareness on various benefits associated with the adoption of healthy lifestyle. Consumers have been looking out for food products that are rich in nutrition and promote other such health benefits. Frozen food products have a characteristic feature of preserving its nutrition content for a longer period. As a result, with the rise in trend on food fortification, frozen bakery products industry sights opportunity in gaining traction among the health-conscious customer and simultaneously generating sales.
The report segments the APMEA frozen bakery market based on product type, distribution channel and country. Based on the product type the market is split into breads, pizza crusts, cakes & pastries, waffles, donuts, and cookies. Based on the distribution channel the market is split across retail, food service, specialist retailers and food processing. Based on the country the market is studied across Australia, New Zealand, Japan, Korea ,Taiwan, Hong Kong, China, India, Indonesia, Thailand, Singapore, Philippines, Rest of Asia-Pacific, Middle East,and Africa.
The key players in the APMEA frozen bakery products industry includes General Mills (Pillsburry), Aryzta AG, Grupo Bimbo S.A.B. de C.V., Europastry, S.A., Lantmannen Unibake International, Associated British Foods plc, Flower Foods Inc., TreeHouse Foods, Inc., Dawn Foods Products Inc., and Vandemoortele NV.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTATION
By Product type
By Distribution Channel
By Country
The consumers’ desire for convenience in having food is one of the major factors that drives the growth of the APMEA frozen bakery products market. Convenience factor is important for the consumer even when it comes to food consumption as it helps to cut down the time for daily chores. Thus, frozen food products gain importance among the target customers. Over the past couple of years, there has been a rise in demand for various types of frozen food products, which is attributable to the various health benefits associated with the product. Frozen food products are packed with nutrients and exhibit a longer shelf life. This increases the demand for various types of frozen food products simultaneously paving path of opportunity for APMEA frozen bakery products market to grow. As a result, different food manufacturers strategize on coming up with such products that cater to the needs of its customers. As a result, convenience factor is being considered as one of the most influential frozen bakery products market trends.
Large portion of the population from various demographic segments have been following a healthy diet plan, due to the rise in awareness on various benefits associated with the adoption of healthy lifestyle. Consumers have been looking out for food products that are rich in nutrition and promote other such health benefits. Frozen food products have a characteristic feature of preserving its nutrition content for a longer period. As a result, with the rise in trend on food fortification, frozen bakery products industry sights opportunity in gaining traction among the health-conscious customer and simultaneously generating sales.
The report segments the APMEA frozen bakery market based on product type, distribution channel and country. Based on the product type the market is split into breads, pizza crusts, cakes & pastries, waffles, donuts, and cookies. Based on the distribution channel the market is split across retail, food service, specialist retailers and food processing. Based on the country the market is studied across Australia, New Zealand, Japan, Korea ,Taiwan, Hong Kong, China, India, Indonesia, Thailand, Singapore, Philippines, Rest of Asia-Pacific, Middle East,and Africa.
The key players in the APMEA frozen bakery products industry includes General Mills (Pillsburry), Aryzta AG, Grupo Bimbo S.A.B. de C.V., Europastry, S.A., Lantmannen Unibake International, Associated British Foods plc, Flower Foods Inc., TreeHouse Foods, Inc., Dawn Foods Products Inc., and Vandemoortele NV.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing frozen bakery products market opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the size and segmentation assists in determining the prevailing market opportunities.
- The major countries in each region are mapped according to their revenue contribution to the industry.
- The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the frozen bakery products industry.
KEY MARKET SEGMENTATION
By Product type
- Breads
- Pizza Crusts
- Cakes & Pastries
- Croissants
- Danishes
- Pies
- Tarts
- Others
- Waffles
- Donuts
- Cookies
By Distribution Channel
- Retail
- Supermarkets / Hypermarkets
- Convenience stores
- Online Channel
- Others
- Food Service
- HoReCa
- QSR
- Catering
- Petrol
- Others
- Specialist Retailers
- Artisanal bakers
- Small bakeries and homebased bakers
- Food Processing
By Country
- Australia
- New Zealand
- Japan
- Korea
- Taiwan
- Hong Kong
- China
- India
- Indonesia
- Thailand
- Singapore
- Philippines
- Rest of Asia-Pacific
- Middle east
- Africa
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: MARKET OVERVIEW
CHAPTER 3: APMEA FROZEN BAKERY PRODUCTS MARKET, BY PRODUCT TYPE
CHAPTER 4: APMEA FROZEN BAKERY PRODUCTS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 5: FROZEN BAKERY PRODUCTS MARKET, BY COUNTRY
CHAPTER 6: COMPETITION LANDSCAPE
CHAPTER 7: COMPANY PROFILES
Executive Summary
According to this report titled, 'APMEA Frozen Bakery Products Market by Product Type and Distribution Channel: Opportunity Analysis and Industry Forecast, 2019-2026,' the APMEA Frozen Bakery Products Marketsize was valued at $7,537.1 million in 2018 and is expected to grow at a CAGR of 5.6% to reach $11,560.9 million in 2026. The bread segment was the highest contributor, with $2,499.0 million in 2018, and is estimated to reach $3,531.6 million by 2026, at a CAGR of 4.5% during the forecast period.The APMEA frozen bakery products market is expected to garner notable growth in the forecast period. This can be attributed to growing adoption of frozen food all around the globe. Moreover, changes in the consumption patterns of people in the APMEA region especially the emerging regions such as China, Indonesia, and India, drives the APMEA frozen bakery products market growth. However, negative consumer perception due to the lack of awareness about frozen products act as the major restraint for the market. On the contrary, rise in the disposable income in the APMEA region, rise in the number of fast food restaurants and innovations in the product offerings is expected to pave the way for growth for the APMEA market in the coming years.
The APMEA Frozen Bakery Products market is segmented on the basis of product type, distribution channel, and country. The product type segment is further classified into breads, pizza crusts, cakes & pastries, waffles, donuts, and cookies. By distribution channel, the market is classified into retail, food service, specialist retailers and food processing. By country, the market is categorized into Australia, New Zeal and, Japan, Korea, Taiwan, Hong Kong, China, India, Indonesia, Thail and, Singapore, Philippines, Rest of Asia-Pacific, Middle East, and Africa.
According to Shankar Bh andalkar, Team Lead Research, Food and Beverage, “Frozen food has high shelf life and does not require any preservative which is highly sought after in the fitness community. Moreover, the frozen food retain the taste of fresh food which further boosts its popularity among fitness enthusiasts”.
According to the APMEA frozen bakery products market analysis by product type,the bread segment was the most prominent category in 2018 and is expected to remain dominant during the forecast period. The waffle segment is expected to grow at the highest CAGR of 7.4% throughout the forecast period.
According to the APMEA Frozen Bakery Products Market forecast, the food servicesegment was the highest contributor to the APMEA frozen bakery products market in 2018 and is expected to remain dominant through 2019-2026. The food service segment is also expected to witness fastest growth through the forecast period with a CAGR of 6.3% from 2019-2026.
By country, China was the most prominent market in 2018 and is expected to dominate the APMEA marketthrough 2019-2026. The key players in the industry have adopted a number of strategies such as product launch, expansion, and acquisition as their go-to strategies to stay competitive in the market.
Key findings of the study
- The APMEA frozen bakery products marke twas valued at $7,537.1 million in 2018 and is estimated to reach $11,560.9 million by 2026, growing at a CAGR of 5.6% through the forecast period.
- Based on product type, the waffles segment would witness the fastest growth, registering a CAGR of 7.4% during the forecast period.
- In 2018, based on distribution channel, the food servicessegment held the highest share, accounting for nearly four-fifth of the market share in APMEA.
- In 2018, based on product type, bread segment was the most prominent market and is expected to grow at a significant CAGR throughout the forecast period.
- China was the dominant country in 2018, accounting for a considerable share in the APMEA frozen bakery products market share.
The key players in the APMEA frozen bakery products industryprofiled in the report includesGeneral Mills (Pillsburry), Aryzta AG, Grupo Bimbo S.A.B. de C.V., Europastry, S.A., Lantmannen Unibake International, Associated British Foods plc, Flower Foods Inc., TreeHouse Foods, Inc., Dawn Foods Products Inc., and V andemoortele NV.
Companies Mentioned
- General Mills (Pillsburry)
- Aryzta AG
- Grupo Bimbo S.A.B. de C.V.
- Europastry S.A.
- Lantmannen Unibake International
- Associated British Foods plc
- Flower Foods Inc.
- TreeHouse Foods Inc.
- Dawn Foods Products Inc.
- Vandemoortele NV
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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