Global Frozen Bakery Market

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Global Frozen Bakery Market was valued at US$ 15.17 Bn in 2017 and is expected to reach US$ 27.11 Bn by 2026, at a CAGR of 7.53% during a forecast period.

Global Frozen Bakery Market

The ready-to-bake segment is expected to boost the market growth during the forecast period owing to rising demand for fast foods and growing western culture influence among consumers across the globe. Convenience stores segment is expected to lead the market growth during the forecast period. Hectic lifestyle of population is increasing the popularity of bakery products purchasing from the convenience store. Hotels are also estimated to hold the largest share in the market during the forecast period owing to the rising disposable income of the middle-class population and rising tourism across the globe.

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Major driving factors of the market are rising demand for bakery products across the globe, increasing frozen bakery industry, and changing consumer preference towards the convenient products and need to just grab it in the breakfast. Women’s are preferring being as working women rather than housewife is another driving factor of the market growth. In addition, increasing demand for luxury food products, rising demand for bakery products in developing countries as people have less time to spend on baking foods such as in India, China, and Japan. However, traditional fresh bakery products and high electricity bills act as restraints of the market growth. The report provides an in-detail list of drivers and restraints, which are influencing the market growth. Additionally, provides expected opportunities and emerging trends.

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