North America frozen bakery products market in 2019 is over USD 9,070 million and is anticipated to reach over USD 12,960 million by 2026. The projected CAGR for the North America frozen bakery products market is around 5.2% from 2020 to 2026.
Pune, India - October 19, 2020 /MarketersMedia/ —
This professional and specialized report study examines the technical and business perspective of the North America frozen bakery products industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the North America frozen bakery products market.
North America frozen bakery products market in 2019 is over USD 9,070 million and is anticipated to reach over USD 12,960 million by 2026. The projected CAGR for the North America frozen bakery products market is around 5.2% from 2020 to 2026.
The trend for frozen bakery products among North Americans is propelling considerably with time. This product segment is driving the regional food industry at a substantial rate. Currently, Americans and Canadians prefer baked ready-to-eat products such as cakes, cookies, donuts, and snacks owing to their tight schedules and hectic lifestyles. Moreover, frozen and refrigerated dough products are the principal ingredient used in producing institutional foods such as pizza.
Request Free Sample Copy of Research Report @ https://www.fnfresearch.com/sample/north-america-frozen-bakery-products-market-by-source
KEY MARKET DRIVERS:
A significant shift to convenience foods eventually raises the demand for frozen bakery products in North America
As per the survey conducted by the University of Texas, 1 out of 5 Americans prefer eating in cars owing to a hectic schedule throughout the day. This is one of the key causes behind the incorporation of more processed and convenience foods in their diet. Even in the packaged processed foods, the people go with the refrigerated and frozen processed foods owing to the excellent taste preservation and prolonged shelf life. These aspects eventually bolster the regional frozen bakery products market. The rapidly expanding restaurant chains in the region, particularly in the US, are also one of the key factors that are thriving the convenience food trend in the region, which in turn fuels the frozen bakery products market.
Growing awareness for a nutritious diet
Food nutrition, packaging, and safety are the three major sectors in the food industry that are growing tremendously. Several frozen bakery products manufacturers and suppliers have been trying to implement food fortification strategies to sustain the nutritional value of the bakery products for longer periods to attract the customers, thereby pushing the segment in the overall food industry.
Top Market Players:
Some of the key players driving the North America frozen bakery products market are Europastry SA, Alpha Baking Co. Inc., Flower Foods Inc., ARYZTA, Grupo Bimbo S.A.B. de C.V, Associated British Foods PLC, Bridgford Foods Corporation, Lantmannen Unibake UK Ltd., Canada Bread Company Ltd., and General Mills Inc., among others.
Request an Additional List of Market Players in Free Report Brochure: https://www.fnfresearch.com/sample/north-america-frozen-bakery-products-market-by-source
DOMINATING CATEGORIES IN THE NORTH AMERICA FROZEN BAKERY PRODUCTS MARKET:
“Bread” category under the product segment is dominating in the market
As bread is the primary food item in the meal of almost all Americans, so it accounts for around one-third of the regional market share. With the growing shift to convenience foods, the demand for frozen bread products across the region is increasing at a considerable rate. Product portfolio expansion with the strategic launch of customized bakery products such as corn syrup with high fiber and less sodium & fructose content is likely to augment the customer base and eventually propels the regional market.
Request Customized Copy of Report @ https://www.fnfresearch.com/customization/north-america-frozen-bakery-products-market-by-source
The U.S. dominates the regional market by capturing more than half of the market share
The rapidly altering lifestyles and the relatively higher disposable incomes in the country are the two key factors that have pushed the country to the dominating position in terms of revenue generation. Moreover, the U.S. frozen bakery products market is anticipated to grow at the fastest pace throughout the forecast period within the region.
The research study provides a critical assessment of the North America frozen bakery products industry by logically segmenting the market on the basis of source, product type, distribution channel, and region. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026.
The rapidly altering lifestyles and the relatively higher disposable incomes in the country are the two key factors that have pushed the country to the dominating position in terms of revenue generation. Moreover, the U.S. frozen bakery products market is anticipated to grow at the fastest pace throughout the forecast period within the region.
In December 2018, Georgia-based packed bakery products manufacturer & distributor, Flowers Foods Inc.,procured a gluten-free baked products manufacturer and supplier, Canyon Bakehouse LLC. At present, the Johnstown-based company serves as an independent arm of the parent industry.
Browse detail report with in-depth TOC @ https://www.fnfresearch.com/north-america-frozen-bakery-products-market-by-source
North America frozen bakery products market is segmented as:
North America Frozen Bakery Products Market: Source Segmentation Analysis
Wheat
Rye
Barley
Corn
Others
North America Frozen Bakery Products Market: Product Type Segmentation Analysis
Cakes and Pastries
Bread
Donuts & Pies
Pizza
Others
North America Frozen Bakery Products Market: Distribution Channel Segmentation Analysis
Convenience Stores
Supermarket/Hypermarket
Bakery Stores
Food Service & Hospitality
Others
North America Frozen Bakery Products Market: Regional Segmentation Analysis
North America
U.S.
Canada
Mexico
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Info:
Name: Sanu Thomas
Email: Send Email
Organization: Facts & Factors
Address: A 2108, Sargam, Nanded City, Sinhagad Road
Phone: +1-347-989-3985
Website: https://www.fnfresearch.com
Source: MarketersMedia
Release ID: 88981432
