Market Analysis

Global Specialty Frozen Bakery Market has witnessed continued demand during the last few years and is projected to reach USD 3,434 million by 2022 with CAGR of 4.45% in terms of value and it is projected to reach 209,530 tons with CAGR of 3.46% in terms of volume. Increase in demand of specialty frozen bakery from quick service restaurants and foodservices will drive the global specialty frozen bakery market during the forecast period.

Specialty Frozen Bakery Market has witnessed a notable growth over the last few years both in developed & developing economies. Specialty Frozen Bakery products are customized bakery products which are handcrafted and are manufactured according to the need of the customers and transported through refrigerated transport. The Color, texture and Flavors are adjusted according to the consumers’ preferences and demands. Bread rolls and pizza crusts are some of the major examples of specialty frozen bakery products. The demand for specialty bakery products is found to be increasing based on the high demands from consumers for frozen bakery products. However, the loss of nutrients during freezing is expected to hamper the growth of global specialty frozen bakery market. The market players are expected to witness lucrative opportunities during the upcoming years due to the heavy investments being made in the cold chain sector of the developing countries. For instance, China and India cold chain sector is reported to be growing at a growth rate of 25% per year.

Key Players

The key market players profiled in Specialty Frozen Bakery Market report are Europastry Sa (Spain), Flowers Foods, Inc. (U.S.), Grupo Bimbo SAB de CV (Mexico), Vandemoortele Bakery (France), Harry-Brot GmbH (Germany), Mantinga, UAB (Lithuania), Il Germoglio Food Spa (Italy), Rich Products (U.S.), Lantmannen Unibake (Denmark) and Aryzta AG (Switzerland)

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Industry Segments

The global Specialty Frozen Bakery Market has been divided into type, customer type, distribution channel, and region.

Based on Type: Bread rolls & artisan loaves, Sweet baked goods & morning goods, Pizza crust, and Savoury & other

Based on Customer Type: Home makers, Industrial, and Others

Based on Distribution Channel: QSR (Quick Service Restaurants), Foodservice, Large Retail, Convenience / independent retail, and Others

Based on Region: North America, Europe, Asia Pacific, and ROW.

Regional Analysis

Specialty Frozen Bakery Market is segmented into Europe, North America, APAC and Rest of the World (RoW). Europe held the largest market share in the global market due to the concentration of artisanal bakery in the region. The European customers, specifically those present in the UK, have a higher inclination towards artisanal baked products, which rendered the region a major revenue share. However, North America is projected to gain dominance during the forecast period due to the increasing consumption of sweet baked goods in the region. Rest of the World is anticipated to register the highest CAGR owing to the rising popularity of specialty frozen bakery products in Brazil, Turkey, and South Africa.