(MoneyNewsWire.Net, December 27, 2017 ) The Asia-Pacific Frozen Bakery Products market has been estimated at USD 2,704.6 million in 2016 and is projected to reach USD 5,175.4 Million by 2022, at a CAGR of 11.51% during the forecast period from 2016 to 2022. Frozen bakery products are the food products like ready-to-eat meals and other bakery items like cakes, chocolates and pastries, which require subzero temperature level preservation, for quality preservation, for a longer shelf life and also for ready-to-eat purpose.
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The market for frozen bakery products in Asia-Pacific region 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 demand in this region. But, some of the major issues which might drop the market growth include inclination towards freshly baked products, pH range, health issue, temperature concern.
Asia-Pacific 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.
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Asia-Pacific Frozen Bakery Products Market Geographical Analysis
• South Korea
Frozen Bakery Products market in the Asia-Pacific region is projected to grow at the highest CAGR, which is greatly due to growing technological innovation, and increasing consumer preference towards convenience and ready-to-eat meals. Healthy positive growth can also be observed on account of developing economies, disposable income increase, huge influence from western culture and rise in the living standard of population.
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Asia-Pacific Frozen Bakery Products Market Leaders' Analysis
• Associated British Foods plc
• ARYZTA AG
• Lantmannen Unibake International
• EUROPASTRY, SA
• General Mills, Inc.
• Kellogg Company
• Premier Foods Plc
• Vandemoortele NV
• ConAgra Foods, Inc.
• Grupo Bimbo S.A.B. de C.V.
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