Bakery is one of the biggest drivers for in-store trips, bringing shoppers to the store nearly once a week, yet opportunities exist for retailers to increase consumption frequency and household penetration across individual categories, according to a report released by the American Baker’s Association (ABA), Washington, D.C., and Food Marketing Institute (FMI), Arlington, Va.

The American Bakers Association (ABA), Washington, D.C., and Valley Cooperative Association, Greenville, Wis., entered into a unique membership arrangement that will leverage key strengths of each organization.

The global frozen bakery products market generated $33.87 billion in 2017, and is expected to reach $49.11 billion by 2025, growing at a CAGR of 4.2% from 2018-2025, according to a report published by Allied Market Research, Portland, Ore.

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.

The International Dairy Deli Bakery Association (IDDBA), Madison, Wis., released “Superconsumer Phase 1: Setting the Stage” research, which details the importance of profitable and insightful consumers for retailers and manufacturers.

The frozen bakery products market is said to be worth $23.48 billion by 2022 at a CAGR of 7.9%, according to a report from Markets and Markets.