Market Research Report
Asia-Pacific Frozen Bakery Market - Growth, Trends and Forecasts (2019 - 2024)
|Published by||Mordor Intelligence LLP||Product code||649824|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|Asia-Pacific Frozen Bakery Market - Growth, Trends and Forecasts (2019 - 2024)|
|Published: May 1, 2019||Content info: 90 Pages||
Asia-Pacific frozen bakery market is projected to grow at a CAGR of 7.8 % during the forecast period (2019 - 2024).
Asia Pacific prozen bakery market offers frozen bakery products in three different forms which includes ready-to-thaw, ready-to-bake, and ready-to-proof. The different types of frozen bakery products present in asian market and is enjoyed by the consumers are pastry, cake, bread, pizza crust and other product types. Each of theses product types are avialble for both food service business and retails services. The products are distributed through channels such as retail, food industry, and food service. The market is studied for asian countries such as India, China, Japan, Australia and others.
India leading the Regional Front with the Highest CAGR
Owing to the busy lifestyle of consumers, there has been a rise in the popularity of convenient food products in India. This, in turn, has fuelled the rise in the growing popularity for frozen bakery products. Muffins, puffs, and other savory products are also gaining popularity as younger populations often visit independent bakeries to relish snacks. The different kinds of product offerings, coupled with rising demand, are expected to drive the growth of the market in India.Consumer choice for nutritious and eye-appealing products with enhanced shelf life, without compromising the taste and quality has made industrialists to switch from fresh to frozen bakery products. Svenson's brand of frozen bakery products was introduced by the Davars in the Indian market for quick-service restaurants. The Svenson's brand is solely targeted for the QSR segment.
Increasing Demand For Convenience Food
In Asian countries like India, China, Japan and others with growing economies, the hectic schedules and increasing number of women entering formal employment have made frozen baked goods segment more popular. However, some factors restraining the market growth are the consumer preference for freshly baked conventional bakery products, fluctuations from seasonal demand, and manufacturing complexity.The rising health consciousness amongst the emerging middleclass segment has also been a major driver behind the sales of frozen baked goods. The increased convenience and on-the-go snacking trend have been a few major growth engines for the frozen bakery products market. Bread being one of the most convenient food and easily availble is the most conusmed bakery item in asian countries which in turn is providing great opportunities in frozen bakery idustry.
The market studied is highly fragmented, with the substantial presence of numerous global and regional players. The market consists of numerous players for retail and foodservice channels. The global companies have been actively involved in foodservice channels, in order to provide various frozen bakery products in ready-to-bake and ready-to-prove forms, which ease the process of making the final product. The increasing demand among the milddle calss population has been one of the driving factors for the expansion of various companies across regions, with the introduction of new and innovative products.