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(MoneyNewsWire.Net, February 24, 2018 ) The Latin America Frozen Bakery Products market has been estimated at USD 1,198.6 million in 2016 and is projected to reach USD 2,113.9 million by 2022, at a CAGR of 10.03% during the forecast period from 2016 to 2022. 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.
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The market 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 market for frozen bakery products. But, the market growth can be hampered due to preference for freshly baked products, scarcity of raw materials and intense competition for the same.
Latin America Frozen Bakery Products Market: Segmentation
By Type
Frozen Bread
Frozen Pizza Crust
Frozen Cake & Pastry
Other Frozen Bakery Products
By Distribution Channel
Artisan Baker
Retail
Catering
Others
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Geographically, Latin America market for Frozen Bakery Products is segmented into Brazil, Argentina and Mexico. The market in Latin America is proceeding with high CAGR. The emergence of supermarkets and online stores is ensuring the product availability in these emerging countries, which is also driving the companies to expand their markets 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 market.
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