(Entertainment-NewsWire.com, October 09, 2017 ) According to the report Latin America Frozen Bakery Products Industry, published by Market Data Forecast, The Industry has been estimated at USD 1.48 Billion in 2016 and is projected to reach USD 2.28 Billion by 2021, at a CAGR of 9.1% during the forecast period from 2016 to 2021.
Deep frozen food products that can be stored and used over a long time period are referred as frozen foods. Some of the Bakery items are stored at sub-zero temperatures to preserve food for a longer time in comparison to fresh food. Also, they are refrigerated for ready-to-eat purpose, which makes it convenient for the consumers.
The Industry for frozen bakery products in Latin America is mainly driven with the changing consumer lifestyle coupled with increasing processed food demand. Also, economic growth along with the changing living standard and food culture of the population is also driving the Industry for frozen bakery products. But, the Industry growth can be hampered due to preference for freshly baked products, scarcity of raw materials and intense competition for the same.
Latin America Industry for Frozen Bakery Products is segmented based on type and distribution channel. By type, the Industry is further sub-segmented into Frozen Bread, Frozen Pizza Crust, Frozen Cake & Pastry. By Distribution Channel, the Industry is further sub-segmented into Artisan Baker, Retail, Catering. Frozen bread Industry consists of the largest share followed by the frozen cakes and pastries Industry among others. Increased consumption of bread has created a saturated Industry for frozen bread while frozen cakes and pastries are growing fast.
Geographically, Latin America Industry for Frozen Bakery Products is segmented into Brazil, Argentina and Mexico. The Industry in Latin America is proceeding with high CAGR. The emergence of superIndustrys and online stores is ensuring the product availability in these emerging countries, which is also driving the companies to expand their Industrys in these regions.
Associated British Foods plc, ARYZTA AG, Lantmannen Unibake International, EUROPASTRY, SA, General Mills, Inc., and Kellogg Company , Premier Foods Plc, Vandemoortele NV, ConAgra Foods, Inc. and Grupo Bimbo S.A.B. de C.V. are the major players of Latin America Frozen Bakery Products Industry.
Key Points from Table of Contents Overview Executive Summary Key Inferences New Developments Drivers, Restraints, Opportunities, and Challenges Analysis (DROC) Latin America Frozen Bakery Products Industry: Segmentation By Type o Frozen Bread o Frozen Pizza Crust o Frozen Cake & Pastry o Other Frozen Bakery Products By Distribution Channel o Artisan Baker o Retail o Catering o Others Geographical Analysis Brazil Mexico Rest of Latin America Strategic Analysis PESTLE analysis Porters Five analysis Industry Leaders' Analysis Competitive Landscape
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