Latest News- Frozen Bakery Products Market: Frozen cakes is expected to lead the Product segment during 2024-2028
The Frozen Bakery Products Market is being driven by New product launches
The Frozen Bakery Products Market is expected to grow at a CAGR of 4.7% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 11060.9 million. In the contemporary business landscape, health-conscious consumers prioritize food choices that promote wellness and minimize health risks. Vegan food, which primarily consists of plant-based options, is increasingly popular among this demographic. This dietary preference excludes meat, dairy, and egg products. The global trend towards plant-based food and dairy alternatives is expected to escalate in 2021, particularly in markets like the US and the UK, driven by health and food safety concerns. Younger generations are also embracing veganism due to these factors. A vegan diet offers numerous health benefits, including fiber, plant compounds, antioxidants, magnesium, folate, potassium, vitamin A, vitamin C, and vitamin E.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Frozen cakes, Frozen pies, Frozen cookies and crackers, Frozen pastries) Geography (Europe, North America, APAC, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Frozen Bakery Products Market Research Report
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The Frozen Bakery Products Market encompasses a range of items, including ready-to-eat meals, frozen pizza, novelties, and semibaked goods. These products offer convenience through quick preparation, extended shelf life, and suitability for on-the-go eating. Bake-Off technologies, such as Quick Frozen (IQF) and Bake-Off production, ensure freshness and consistency. Health-conscious consumers seek healthier baked goods, gluten-free offerings, and nutritional ingredients. Food establishments like coffee chains, quick-service restaurants, and in-store bakeries utilize these technologies for scratch baking, unfermented frozen dough, and baked frozen bread. The fastfood industry caters to vegan consumers with plant-based options and uses equipment like griddles for cooking. Frozen bakery products cater to various dietary needs and preferences, with companies like Dawn Foods leading the innovation.
The Frozen Bakery Products market is a significant segment within the global packaged foods and meats industry. Key factors driving market growth include ease of preparation, extended shelf life, and the increasing demand for quick service in food establishments, particularly in the fastfood industry and among health-conscious consumers seeking on-the-go eating solutions. Bake-Off technologies and Quick Frozen technology are essential production methods, enabling vendors to deliver ready-to-eat meals with minimal processing, thereby retaining nutritional value and enhancing consumer convenience. The market's size is determined by the combined revenue generated by these vendors, excluding food processing equipment manufacturers and producers of packaged alcoholic and non-alcoholic beverages. The market's growth is fueled by the health benefits associated with minimally processed foods, such as vegetables, which are rich sources of essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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