Frozen bakery products market worth $23.48B by 2022
Increase in demand for convenient food products and the trend for greater taste, safety and consistency are the major factors driving the global frozen bakery products market.
The frozen bakery products market is said to be worth $23.48 billion by 2022 at a CAGR of 7.9%, according to "Frozen Bakery Products Market by Type (Breads, Pizza Crusts, Cakes & Pastries), Distribution Channel (Artisan Bakers, Retail, Catering & Industrial), and Technology (Raw Products, Ready-to-Bake, Ready Baked & Frozen) - Global Forecast to 2022," a report published by Markets and Markets, New York.
Increase in demand for convenient food products and the trend for greater taste, safety and consistency are the major factors driving the global frozen bakery products market. The high-growth potential in emerging markets such as India and China and other untapped regions provide new growth opportunities for the players in the frozen bakery products market.