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Press Release: Frozen Bakery Market revenue will grow at 5% CAGR to hit $40 bn by 2024

Sellbyville, Delaware, Jan. 11, 2019 (GLOBE NEWSWIRE) --
Global Frozen Bakery Market to cross USD 40 billion by 2024, according to a growth statistics report by Global Market Insights, Inc. Growing demand for healthy and convenient baked products will bolster the entire frozen bakery market in the forecast spell. In most of the developing nations, bakery product manufacturers are reformulating their bakery product lines & modifying their product packaging, claiming to address the consumers’ health concerns. The sector continues to see dynamic growth owing to change in consumer preferences towards the healthier food options that have longer shelf life & various nutritional benefits such as high fiber content, less fat & sugar, etc. Above mentioned trends will spur the entire market in forecast period.Expansion in convenience stores, hypermarkets & supermarkets and other bakery chains are other key driving factors for global market in coming years. For instance, In Mexico, these distribution channels makes over 60% of the entire bakery product retail sales in 2017. Grocery retailers are the most preferred distribution channels in Mexico as the one-stop shops are the consumer preference where they can buy all their household products. This will further boost the market in developing economies by 2024.Request for a sample of this research report @ significant level of energy is utilized during activities like freezing process, cold storage and product distribution. Cold chain logistics is a critical aspect of the frozen bakery market as it allows to extend the shelf life of perishable products like dairy, bakery & confectionery, dough etc. and transport them to various locations.  Fluctuating electricity cost across the world could significantly deter the growth of global market in future.

Posted: 2019-01-11 10:00:00

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