Global Frozen Bakery Products market will reach 43700 million US$ by the end of 2025
Published Date: 2019/9/2
The global frozen bakery product market is expected to see an exponential growth due to the wide range of advantages provided by the product. Frozen bakery products are in high demand due to their features such as longer self-life, user convenience, nutrition and taste, speed of preparation, low costs, and easy product availability. The market is supported by the rising demand of convenient and ready-to-eat products due to hectic lifestyles. On the other hand, large portion of the population is shifting towards healthier options with increasing awareness of benefits for achieving healthier lifestyles. The increasing number of in-store bakeries, QSRs, gas-stations, and coffee chains are also contributing towards the market growth. This is due to the need of instant service to the customs while retaining its taste and freshness.
While convenience plays an important role in fuelling the demand for global frozen bakery product market, there are a few other factors that are pulling the market in the opposite direction. For instance, the growing health-conscious population is expected to restrain the market for frozen bakery products as they are high in fats and carbohydrates. Rise of lifestyle disease such as high blood pressure and diabetes are also expected to impede market growth during the forecast period.
The global frozen bakery products market was valued at US$28400 mn in 2018 and is expected to US$43700 mn by the end of 2025, rising at a CAGR of 6.4% between 2019 and 2025.
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