APMEA Frozen Bakery Products Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product and Distribution Channel : Opportunity Analysis and Industry Forecast, 2019-2026

The APMEA frozen bakery products market size was valued at $7,537.1 million in 2018 and is expected to grow at a CAGR of 5.6% to reach $11,560.9 million in 2026. The bread segment in the APMEA frozen bakery products market was the highest contributor, with $2,499.0 million in 2018, and is estimated to reach $3,531.6 million by 2026, at a CAGR of 4.5% during the forecast period.

The growth of the APMEA frozen bakery products market can be attributed to rise in preference for convenience food products. Moreover, increase in number of high end bakery shops and surge in demand for frozen bakery products in the HoReCa industry paves the way for APMEA frozen bakery products market growth. Furthermore, wide scale adoption of frozen products by regular customers also drive the global market. However, the perception of people about the frozen products being inferior to the fresh products hinders the growth of the frozen products market in some regions. On the contrary, increase in demand for frozen bakery products due to rapidly changing lifestyles, rise in the income of consumers and innovations in the product offering is expected to open avenues for the growth of the frozen bakery products market in the APMEA region.

The APMEA Frozen Bakery Products market is segmented on the basis of product type, distribution channel, and country. The product type segment is further classified into breads, pizza crusts, cakes & pastries, waffles, donuts, and cookies. By distribution channel, the APMEA frozen bakery products market is classified into retail, food service, specialist retailers and food processing. By country, the market is studied across into Australia, New Zealand, Japan, Korea, Taiwan, Hong Kong, China, India, Indonesia, Thailand, Singapore, Philippines, Rest of Asia-Pacific, Middle East, and Africa, 

On the basis of the APMEA frozen bakery products market analysis by product type, the bread segment generated the highest revenue in 2018 and is expected to remain dominant throughout the forecast period. This can be attributed to the rise in preference of frozen products in the fast food outlets and the entirety of the food & beverage industry due to high shelf life of frozen food. The growth of APMEA frozen bakery products market is also supplemented by increase in demand for frozen breads by consumers all around the world. However, the waffle segment is expected to witness the fastest growth with a CAGR of 7.4% through the forecast period owing to increase in popularity of waffles as variable breakfast option among the working population in the APMEA region.

On the basis of the APMEA frozen bakery products market forecast by distribution channel, the service segment was the most prominent segment accounting for maximum share in the global market. This can be attributed to the industry providing a major platform for various frozen bakery products to have easy accessibility to its target customers. Products such as breads, cakes, and pastries endures higher rate of traction among its customers through the food service segment. The food service segment is expected to be the fastest growing segment throughout the forecast period.

By region, China was the most prominent regional market in 2018. The frozen bakery market has been growing at a notable growth rate in China. The adoption of frozen food is expected to increase in the coming years owing to rapid adoption of frozen food including baked goods by consumers. Moreover, frequent snacking habit of consumers and easy availability of baked goods (both frozen and fresh) encourages frequent purchases and drives the market demand. However, Indonesia is expected to grow at the highest CAGR though the forecast period. The growth in the Indonesia market for frozen bakery products can be attributed to rise in the demand for convenience food items due to changes in lifestyle and busy lifestyle of the people coupled with the increase in the disposable income.

The players in the APMEA frozen bakery products industry have adopted product launch and acquisition as their key development strategy to increase profitability, and to improve stance in the APMEA frozen bakery products market share. The key players in the APMEA frozen bakery products industry profiled in the report includes General Mills (Pillsburry), Aryzta AG, Grupo Bimbo S.A.B. de C.V., Europastry, S.A., Lantmannen Unibake International, Associated British Foods plc, Flower Foods Inc., TreeHouse Foods, Inc., Dawn Foods Products Inc., and Vandemoortele NV.

Key Benefits for Stakeholders:

• The report provides a quantitative analysis of the current APMEA frozen bakery products market trends, estimations, and dynamics of the market size from 2018 to 2026 to identify the prevailing opportunities.
• Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the market size and segmentation assists in determining the prevailing APMEA frozen bakery products market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the market. 
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry. 

  APMEA Frozen Bakery Products Market Report Highlights