Due to the increasing demand of specialty frozen bakery products, the market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Specialty Frozen Bakery Market Research Report- Forecast to 2022 that the market will demonstrate an exceptional CAGR 4.45% while achieving it will reach USD 3,434 million by 2022.
Rise in number of high end bakery shops have created a fast growing segment catering to modern discerning consumer demanding best in class patisserie goods, and varied products from across the world which is supporting specialty frozen bakery market. Bakery foods offer convenience and provide a cheap source of energy, which is important for those who travel to work and rely on such foods for their first meal of the day. Many baked products incorporate high levels of fat, sugar, and sometimes fruit or nuts, and this will increase the energy content of the products. Advancement in processing technology has enabled inclusion of various ingredients that augment taste, appearance and overall nutrition value of baked products is supporting specialty frozen bakery market.
Bread rolls/artisan loaves and sweet baked goods/ morning goods together holds more than 90% of market share in 2016 (both in terms of value and volume) as maximum specialty frozen bakery products available in the market are comes under these two categories. In terms of value, bread rolls and artisan loaves will witness higher growth rate during the forecast period due to increasing demand of artisan loaves and bread rolls across the globe. North America holds major market share sweet baked goods in 2016 and it will grow at the CAGR of 3.85% (in terms of volume) during the forecast period.
Dec 2017 Allied Bakeries is set to launch three loaf range under its Allinson brand, within wrapped bread category which will influence the specialty frozen bakery market in upcoming years.
Dec 2017 Amy’s Kitchen, a family-run business that has been organic vegetarian convenience foods since 1987 has launched Frozen Vegan Pizza Rolls. This move from company triggered as consumers are moving away from meat and dairy while also seeking out less processed foods. This new shift not only caters to vegans, it also provides healthy options for those who want to reduce their consumption of animal products.
Sep 2016 Specialty frozen bakery manufacturers Lantmannen Unibake acquires hamburger bun business in Romania. nternational bakery group Lantmannen Unibake announces the acquisition of Romanian company Frozen Bakery Products SA, a hamburger bun bakery in Bucharest, currently owned by GoodMills Group from Austria, for an undisclosed sum. This acquisition is part of the Lantmannen Unibake growth strategy to strengthen its bakery business in the Central European region. Today, Frozen Bakery Products SA has 80 employees.
Feb 2011 Specialty frozen bakery manufacturers and distributors Mantinga has announced its merger with Boulangeries de France.
Global Specialty Frozen Bakery Market - Competitive Analysis
Rich Products has launched maximum number of products in specialty frozen bakery segment from last few years. In 2013, SeaPak (Brand of Rich Product) added 'SeaPak Shrimp Spring Rolls' to its product portfolio. In January 2015, Rich Products introduced premium flatbread products to meet the growing demand for bread alternatives. Flowers Foods introduced the Cobblestone Bread Co. brand, which offers specialty breads, buns and rolls, during FY2014 whereas in 2016 Europastry launches CEREAL, the first R&D center for bread and pastries in Europe.
The leading market players in the global specialty frozen bakery market primarily are Aryzta AG (Switzerland), Flowers Foods, Inc. (U.S.), Rich Products (U.S.), Lantmannen Unibake (Denmark), Grupo Bimbo SAB de CV (Mexico), Vandemoortele Bakery (France), Europastry Sa (Spain), Harry-Brot GmbH (Germany), Mantinga, UAB (Lithuania) and Il Germoglio Food Spa (Italy)
Global Specialty Frozen Bakery Market – Segments
The global specialty frozen bakery market has been divided into type, customer type, distribution channel and region. On The Basis Of Type: Bread rolls & artisan loaves, sweet baked goods & morning goods, pizza crust, savoury and others On The Basis Of customer type: Home maker, Industrial and Others On The Basis Of Distribution Channel: QSR (Quick Service Restaurants), Foodservice, Large Retail, Convenience / independent retail and others
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
Global Specialty Frozen Bakery Market - Regional Analysis
Europe holds major market share in specialty frozen bakery market however in upcoming years North America will capture majority of market share due to increasing consumption of sweet baked goods in North America. Turkey will witness higher growth in specialty frozen bakery market during the forecast period. Due to increasing consumption of pizza crust and artisan loaves in India, specialty frozen bakery market in APAC will reach USD 874 million by 2022. Turkey and Saudi Arabia are one of the fastest growing countries in specialty frozen bakery market in the world. The top five emerging countries in specialty frozen bakery are Turkey, Saudi Arabia, India, U.S. and France. The world demand for specialty frozen bakery is growing rapidly especially in developing countries like India and China due to introduction of different kinds of specialty frozen bakery products and improving economic condition.
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