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U.S. Frozen Bakery Market Growth Analysis 2019-2024: Key Players Grupo Bimbo, Flower Foods, Tyson Foods Inc., Custom Foods Inc

U.S. Frozen Bakery Market growth is propelled by rising demand for ready to eat and convenience food market in the country.

 

Sellbyville, DE -- (SBWIRE) -- 05/15/2019 -- Global Market Insights, Inc. has recently added a report on U.S. Frozen Bakery Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.

Rapidly growing hotel chain business in the U.S. will be a major factor fueling frozen bakery market demand over the forecast timeframe. Hotel and large-scale restaurants prefer frozen doughs as there is always need for readymade doughs which can be quickly used for preparing desired food dishes and bakery items.

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However, Consumers are continuously looking out for improved, healthier and quicker ways to buy bread and baked food products at their convenience and price. Frozen baked products have always been targeted as the root cause for many health problems such as obesity and thus, consumers' preferences are changing rapidly towards natural and healthier food. This poses a risk to frozen bakery demand in the U.S.

Retail industry is a major growth driver for frozen bakery market size in the recent years. Retail industry ensures the easy availability of the products to the customers. Many times, frozen bakery products are bought out of impulse buying, that time easy availability of the product is crucial. The United States has a well-established distribution channels for all types of retail companies.

According to Forbes, total sales from the retail industry was USD 3.53 trillion in 2017. U.S. government have reduced the corporate tax which will propel the retail industry growth in country over the next few years. Now economic condition in U.S. is improving and inflation rate in the country is stable, owing to this consumer spending has increased swiftly from past few years. This increased consumer spending will accelerate the retail industry growth during the forecast period, which shall subsequently propel U.S. frozen bakery market size by 2024.

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Consumers are continuously looking out for improved, healthier, and quicker ways to buy bread and baked food products at their convenience and price. As busy work schedules are leaving little time for people to prepare proper meals, bread and baked snack products such as wraps, burgers, sandwiches, and rolls have become an easy alternative to regular meals.

U.S. frozen bakery market, by recipe

- Bread
- Viennoiserie
- Patisserie
- Savory snacks

U.S. frozen bakery market, by product

- Ready to prove
- Ready to bake
- Fully baked

U.S. frozen bakery market, by end-user

- Convenience stores
- Hypermarkets & supermarkets
- Artisan bakers
- HORECA
- Bakery chains

HORECA is an important end-user segment which will be experiencing exponential growth in U.S. frozen bakery market over the forecast timespan. Hotels, restaurants, food trucks, catering business buy frozen dough in bulk quantities and process them for making a large variety of frozen bakery products for ready to bake purposes or in fully baked formats for customers. The rapidly growing hospitality business in the U.S. will be majorly propelling U.S. frozen bakery market during the forecast timeframe.

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Ready to bake food products are more popular amongst the working-class people as they hardly find time to cook food due to their busy lifestyle. To expand the market among these consumers, ready to bake food producers are focusing on providing affordable products. These products are majorly used by restaurants and hotels, as the chefs get time to focus more on the dish's decoration and garnishing. It was the largest product segment in 2017 in the U.S. frozen bakery market and will grow with highest CAGR from 2018 to 2024.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.