Study: Frozen bakery market anticipated to cross $25B by 2024
Frozen foods have been gaining renewed popularity over the last two decades, subject to high demand for rising food durability.
The worldwide frozen bakery market will exceed a revenue collection of $25 billion by 2024 with an annual growth rate of 8.8% over 2017-2024, according to a study produced by Global Market Insights, Inc., Ocean View, Del.
Frozen foods have been gaining renewed popularity over the last two decades, subject to high demand for rising food durability. In fact, the frozen bakery market has been gaining traction of late owing to the popular consumer demand for longer shelf-life products as compared to traditional baked items. In addition, a hectic lifestyle, shifting consumer preferences toward processed food and increasing disposable incomes further stimulate frozen bakery industry share.