New York, NY, Feb. 02, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “North America Frozen Bakery Products Market By Source (Wheat, Rye, Barley, Corn, and Others), By Product Type (Cakes and Pastries, Bread, Donuts & Pies, Pizza, and Others), By Distribution Channel (Convenience Stores, Supermarket/Hypermarket, Bakery Stores, Food Service & Hospitality, and Others), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026” .
“According to the research study, the North America Frozen Bakery Products Market was estimated at USD 9,070 Million in 2019 and is expected to reach USD 12,960 Million by 2026. The North America Frozen Bakery Products Market is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2019 to 2026”.
The trend for frozen bakery products among North Americans is propelling considerably with time. This product segment is driving the regional food industry at a substantial rate. Currently, Americans and Canadians prefer baked ready-to-eat products such as cakes, cookies, donuts, and snacks owing to their tight schedules and hectic lifestyles. Moreover, frozen and refrigerated dough products are the principal ingredient used in producing institutional foods such as pizza.
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Our Free Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 190+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Key Questions Answered in this Report
1) What was the impact of COVID-19 on the Frozen Bakery Products Market?
2) What is the market size, share of the Frozen Bakery Products Market?
3) Who are the top market players in Frozen Bakery Products Market?
4) What will be the future market of Frozen Bakery Products Market?
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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KEY MARKET DRIVERS:
- A significant shift to convenience foods eventually raises the demand for frozen bakery products in North America
As per the survey conducted by the University of Texas, 1 out of 5 Americans prefers eating in cars owing to a hectic schedule throughout the day. This is one of the key causes behind the incorporation of more processed and convenience foods in their diet. Even in the packaged processed foods, the people go with the refrigerated and frozen processed foods owing to the excellent taste preservation and prolonged shelf life. These aspects eventually bolster the regional frozen bakery products market. The rapidly expanding restaurant chains in the region, particularly in the US, are also one of the key factors that are thriving the convenience food trend in the region, which in turn fuels the frozen bakery products market.
- Growing awareness for a nutritious diet
Food nutrition, packaging, and safety are the three major sectors in the food industry that are growing tremendously. Several frozen bakery product manufacturers and suppliers have been trying to implement food fortification strategies to sustain the nutritional value of the bakery products for longer periods to attract customers, thereby pushing the segment in the overall food industry.
Top Market Players
Some of the key players driving the North America frozen bakery products market are Europastry SA, Alpha Baking Co. Inc., Flower Foods Inc., ARYZTA, Grupo Bimbo S.A.B. de C.V, Associated British Foods PLC, Bridgford Foods Corporation, Lantmannen Unibake UK Ltd., Canada Bread Company Ltd., and General Mills Inc., among others.
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DOMINATING CATEGORIES IN THE NORTH AMERICA FROZEN BAKERY PRODUCTS MARKET:
- “Bread” category under the product segment is dominating in the market
As bread is the primary food item in the meal of almost all Americans, so it accounts for around one-third of the regional market share. With the growing shift to convenience foods, the demand for frozen bread products across the region is increasing at a considerable rate. Product portfolio expansion with the strategic launch of customized bakery products such as corn syrup with high fiber and less sodium & fructose content is likely to augment the customer base and eventually propels the regional market.
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The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the North America frozen bakery products market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the North America frozen bakery products market.
The research study provides a critical assessment of the North America frozen bakery products industry by logically segmenting the market on the basis of source, product type, distribution channel, and region. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026.
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- The U.S. dominates the regional market by capturing more than half of the market share
The rapidly altering lifestyles and the relatively higher disposable incomes in the country are the two key factors that have pushed the country to the dominating position in terms of revenue generation. Moreover, the U.S. frozen bakery products market is anticipated to grow at the fastest pace throughout the forecast period within the region.
In December 2018, Georgia-based packed bakery products manufacturer & distributor, Flowers Foods Inc. Procured a gluten-free baked products manufacturer and supplier, Canyon Bakehouse LLC. At present, the Johnstown-based company serves as an independent arm of the parent industry.
Browse the full “North America Frozen Bakery Products Market By Source (Wheat, Rye, Barley, Corn, and Others), By Product Type (Cakes and Pastries, Bread, Donuts & Pies, Pizza, and Others), By Distribution Channel (Convenience Stores, Supermarket/Hypermarket, Bakery Stores, Food Service & Hospitality, and Others), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026″ report at https://www.fnfresearch.com/north-america-frozen-bakery-products-market-by-source
North America frozen bakery products market is segmented as:
North America Frozen Bakery Products Market: Source Segmentation Analysis
North America Frozen Bakery Products Market: Product Type Segmentation Analysis
- Cakes and Pastries
- Donuts & Pies
North America Frozen Bakery Products Market: Distribution Channel Segmentation Analysis
- Convenience Stores
- Bakery Stores
- Food Service & Hospitality
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