The Europe Frozen Bakery Products market has been estimated at USD 3.98 Billion in 2016 and is projected to reach USD 5.88 Billion by 2021, at a CAGR of 8.10% during the forecast period from 2016 to 2021. Frozen bakery food products are ought to be preserved in subzero temperatures, in order to preserve the quality for longer usage and shelf-life. The current scenario of busy lifestyle, where people are resorting to easy food choices is the main factor which has opened the way for frozen bakery products market in Europe.
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The market for frozen bakery food products in Europe is mainly driven due to increasing demand for “thaw-and-serve” and “bake-off” products that offer convenience to households as well as retail bakeries, grocery stores, and quick-service restaurants. Also, factor like prolonged shelf life offers benefits of easy availability whenever required and they can secure stocks during seasonal variations, which are also driving the market growth. But, the market growth can be constrained due to issues with packaging and transportation.
Europe 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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Geographically, Europe market for Frozen Bakery Products is segmented into Germany, Spain, U.K., France and Italy. Europe is the biggest market in terms of market share across the globe. The European market for Frozen Bakery Products has topped the global market owing to increased innovation in technology which has provided profitable outcome to the manufacturers, and increased concentration of high-income population in the region which has raised the premium products demand in the market and has created a good opportunity to the market.
Associated British Foods plc , ARYZTA AG, Lantmannen Unibake International, EUROPASTRY, SA, General Mills, Inc., and Kellogg Company , Premier Foods Plc, Vandemoortele NV, ConAgra Foods, Inc. and Grupo Bimbo S.A.B. de C.V. are the major players of Europe Frozen Bakery Products market.
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