Frozen Bakery Additive Market
The Frozen Bakery Market is predicted to reach USD 3,189 million by the end of 2027, growing at a CAGR of 6.2% over the forecast period (2020-2027).
The factors driving the growth of Frozen Bakery Market includes growing demand processed food products, rising emphasis on improving the nutritional quality of food products and Government regulations regarding the use of natural additives. According to the report published by Statista, the Global Convenience Food Market is estimated to reach USD 562.20 billion by the end of 2022, expanding at a CAGR of 6.21% over the forecast period (2022-2027), which is expected to boost the Global Frozen Bakery Additives Market in the approaching years. Moreover, easy availability of ready-to-eat food products at the supermarkets and e-commerce platforms, rapid growth in the food and beverage industry and technological innovations in the frozen bakery additives, are some of the additional factors supplementing the Frozen Bakery Additives Market size. In addition, the increasing investments by leading players on research and development, rising population growth rates, focus on waste management and saving energy in the manufacturing processes and growing disposable incomes, are further propelling the market growth.
However, the growth of Frozen Bakery Market is hindered attributed to restricted temperature and PH operational range
The leading players operating in the market are Dupont De Nemours & Company, Jungbunzlauer AG, Kerry Group, Associated British Foods Plc, Archer Daniels Midland Co., Cargill Inc., Lasenor Emul S.L., Lonza Group Ltd., David Michael & Co., and Palsgaard A/S, among others.
Product Type: Segment Analysis
Based on Product Type, the Emulsifier segment is expected to expand at a remarkable CAGR during the forecast period because the emulsifier increases the shelf life of food and improves the fineness of baked products.
Application: Segment Analysis
Based on Application, the Frozen Bread segment is projected to capture the largest market share over the forecast period due to rising awareness amongst consumers about the health benefits of multigrain and gluten free frozen breads.
Regional: Segment Analysis
Based on Region, the European region is predicted to hold the highest market share during the forecast period. The growing demand for processed food items, rise in the number of quick service restaurants and cafes, hectic lifestyles, easy availability of frozen bakery additives in the hypermarkets, improved living standards, and high per capita income, are some of the important factors augmenting the market growth in Europe.
Global Frozen Bakery Additives Market by Product Type
- Color & Flavor
- Oxidizing Agent
- Reducing Agent
Global Frozen Bakery Additives Market by Application
- Frozen Pizza Crust
- Frozen Cakes
- Frozen Pastry
- Frozen Bread
Global Frozen Bakery Additives Market by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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