U.S. Frozen Bakery Market
The U.S. Frozen Bakery Market is anticipated to expand at a remarkable CAGR during the forecast period (2020-2027).
The factors driving the growth of U.S. Frozen Bakery Market includes growing demand for ready to eat food products and baked items, increase in the number of coffee houses, cafes and quick service restaurants, growing investments by manufacturers on launching new products and improving the packaging style. According to the report published by Statista, the revenue from the sales of Convenience food in the United States in anticipated to reach around USD 48.32 billion by the end of 2022, growing at CAGR of 2.65% over the forecast period (2022-2027), which will boost the market growth in the approaching years. Moreover, penetration of French Bakery items in the United States, hectic lifestyles, rapid growth in the corporate sector, expansion of the food and beverage industry, increasing working population and high per capita incomes, are some of the additional factors supplementing the U.S. Frozen Bakery Market Growth.
However, the growth of U.S. Frozen Bakery Market is hindered due to increasing awareness about the negative effects of preservatives in the frozen food products and growing preference for fresh food items.
The major players operating in the market are Rich Products Corporation, Weston Foods Dr. Oetker, Canada Bread Company, Limited, Kellogg Co., Grupo Bimbo, Conagra Brands, Inc. and CSM Bakery Solutions among others.
Type: Segment Analysis
Based on Type, the Frozen bread segment is projected to capture the largest market share over the forecast period due to high consumption of bread in the United States, based on the data available at U.S. Census Data and Simmons National Consumer Survey (NHCS), around 192.68 million people in the United States consumed whole wheat/multi-grain breads 2020.
Distribution Channel: Segment Analysis
Based on Distribution Channel, the retail stores segment is predicted to grow at a significant CGAR during the forecast period. The increasing number of 24*7 Stores in the United States and growing popularity of Hypermarket and Supermarkets, are some of the important factors responsible for the growth of the segment.
Technology: Segment Analysis
Based on technology, the ready baked & frozen bakery products segment is estimated to hold the highest market share over the forecast period. The bakery and frozen bakery products remove the requirement to store fresh ingredients, are quick to use and provides retains the freshness, are some of the important factors supporting the growth of the segment.
Market Segmentation
U.S. Frozen Bakery Market by Type
- Bread
- Pizza Crusts
- Cakes & Pastries
- Pies & Tarts
- Croissants
- Sponge Cakes
- Muffins
- Other Frozen Bakery Products
U.S. Frozen Bakery Market by Distribution Channel
- Artisan Bakers
- Retail Stores
- Supermarkets & Hypermarkets
- Convenience Stores
- In-Store Bakeries
- Catering & Industrial
U.S. Frozen Bakery Market by Technology
- Raw Material
- Ready-to-bake
- Ready Baked & Frozen
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