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National & World Ag News Headlines |
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Frozen Bakery Products Propelled by Demand from New Consumers
USAgNet - 08/17/2018
Global Frozen Bakery Products Market is estimated to grow at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. Frozen bakery products comprise doughnuts, pancakes, cakes, etc.
These Frozen bakery products have a restricted shelf-life, hence are not bought in a huge amount by consumers. Storage of frozen bakery products at an appropriate temperature is essential to confirm safety and decrease wastage.
The factors that propel the growth of the Frozen Bakery Products Market include surge in demand for suitable food products and drive for consistency, safety, and greater taste, surge in the number of bakery industries. On the other hand, there are factors that
may hamper the growth of the market including partly baked frozen bread after re-baking have a denser structure, harder crumb, and lesser volume, than the directly baked bread.
Frozen Bakery Products Market may be explored by type as Pizza Crusts, Breads, Cakes & Pastries, Others (waffles, cookies, pretzels, biscuits, donuts, and bagels). The "Cakes & Pastries" segment led the Frozen Bakery Products Market in 2016 and is
anticipated to maintain its dominance by 2024 owing to a surge in imports and exports of frozen cakes & pastries from leading regions and their huge popularity.
The "Retail" segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to the inclination and capability of customers to spend and try new products, as well as changing consumption patterns.
Frozen Bakery Products Market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. Asia-Pacific accounted for the major share of the market size in 2016
and will continue to lead in the forecast period. The factors that could be attributed to the growth include developing countries with significant potential clients that are accepting the ready-to-cook and more suitable food choices. China is the major country to
hold the maximum part in the market due to the changing consumption pattern of consumers and rapid urbanization.
The key players contributing in the robust growth of the Frozen Bakery Products Market comprise Oleo-Fats Inc., Adani Group, Wilmar Group, Ruchi Soya, Cargill Inc, Gef India, United Plantations Berhad, Ssd Oil Mills, Wilmar International Ltd., Astra
Agro Lestari, Conagra Foods Ltd., Pt Astra Agro Lestari Terbuka, International Foodstuff Company Holdings Ltd. (Iffco), Fuji Oil, Bakes Group, and Peerless Foods. The leading companies are taking up partnerships, mergers and acquisitions, and joint
ventures in order to boost the inorganic growth of the industry.
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