(Food-Beverage-News.Com, June 27, 2017 ) The North America Frozen Bakery Products market has been estimated at USD 4.87 Billion in 2016 and is projected to reach USD 7.29 Billion by 2021, at a CAGR of 8.40% during the forecast period from 2016 to 2021. Frozen products contain maximum vitamins and minerals. Freezing preserves the products for extended periods without any preservatives and deters against any microbial growth that causes food spoilage. Frozen bakery products are heavily marketed by retail as well as business customers.
The market for frozen bakery products in North America is mainly driven due to people opting for frozen products instead of regular products for their meal on account of their busy life style. Also, frozen bakery product features including reasonable prices, environment friendly manufacturing process, better quality and convenient in availability are also driving the market growth. But, the market growth can be hindered due to inclination towards freshly baked products, pH range, health issue, temperature concern.
North America market for Frozen Bakery Products is segmented based on type and distribution channel. By type, the market is further sub-segmented into Frozen Bread, Frozen Pizza Crust, Frozen Cake & Pastry. By Distribution Channel, the market is further sub-segmented into Artisan Baker, Retail, Catering. Frozen bread market consists of the largest share followed by the frozen cakes and pastries market among others. Increased consumption of bread has created a saturated market for frozen bread while frozen cakes and pastries are growing fast.
Geographically, North America market for Frozen Bakery Products is segmented into U.S. and Canada. North America is the second biggest market in terms of market share across the globe, followed by North America. The North American market for Frozen Bakery Products is witnessing a considerable growth due product innovation and adoption of advanced methods in order to improve frozen bakery products quality including enzymes, hydrocolloids, sour dough fermentation and antioxidants for natural process.
Associated British Foods plc, ARYZTA AG, Lantmannen Unibake International, EUROPASTRY, SA, General Mills, Inc., and Kellogg Company , Premier Foods Plc, Vandemoortele NV, ConAgra Foods, Inc. and Grupo Bimbo S.A.B. de C.V. are the major players of North America Frozen Bakery Products market.
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