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Frozen Pastries Market

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Title: Frozen Pastries Market


1
  • Coherent Market Insights
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  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
FROZEN PASTRIES MARKET ANALYSIS
  • Frozen Pastries Market, By Product Type
    (Viennoiserie Products (Plain Filled
    Croissants, Pain Au Chocolate, Pain aux Raisins,
    Savoury Items), Danish Products (Maple Pecans,
    Danish Crowns, Cinnamon Swirls)), By Distribution
    Channel (Artisan bakers, Hypermarket
    Supermarket, Convenience Store, Online, Others),
    and By Region (North America, Latin America,
    Europe, Asia Pacific, Middle East Africa) -
    Size, Share, Outlook, and Opportunity Analysis,
    2019 - 2027

3
  • Frozen pastries are confectionery products that
    undergo refrigeration before preparation. They
    have longer shelf-life with a rich source of
    nutrition and are also available in different
    flavors. Honey is a key ingredient that is used
    in frozen pastry as it helps in extending the
    shelf-life of the pastries. They are gaining more
    popularity among the population due to expanding
    retail channel especially online stores that
    enable easy access to both manufacturer and
    customer to sell and buy pastries. Frozen
    pastries are ideal food for people who have a
    busy lifestyle as these products save cooking
    time and effort.
  • The global frozen pastries market is projected to
    reach around US 3.3 billion by the end of 2027,
    in terms of revenue, growing at CAGR of 6.1
    during the forecast period (2019-2027).
  • Drivers
  • Growing demand for sugar-free frozen pastry
    products due to rising prevalence of diabetes and
    obesity around the globe is expected to propel
    the market growth of frozen pastries. Rising
    adoption of a healthier lifestyle among young
    adult is another major factor propelling the
    market growth of frozen pastries. Moreover, many
    manufacturers are introducing gluten-free frozen
    pastries is further anticipated to augment the
    market growth of frozen pastries.

4
  • Market Restraints
  • The fluctuating price of raw material is a major
    factor expected to restrain the market growth of
    the global frozen pastries market. High costs of
    raw materials are affecting the supply chain and
    creating various challenges for manufacturers and
    any substantial an increase in the cost of raw
    materials has a negative impact on the
    profitability of the company. Therefore, the
    fluctuating price of raw materials are expected
    to restrict the market growth of frozen pastries.
  • Strict rules and regulations against frozen
    pastry products due to rising cases of foodborne
    disease resulting from contamination by toxic
    chemicals, microbial pathogens, and radioactive
    materials are projected to curb the market growth
    of frozen pastry over the forecast period.

5
Figure 1. Global Frozen Pastries Market, Revenue
Share (), By Region, 2018
6
  • Market Opportunities
  • Growing demand for premium frozen pastry products
    around the globe is expected to propel the market
    growth of frozen pastries over the forecast
    timeframe. Premium frozen pastries are handmade
    pastries and are prepared by using premium
    quality ingredients. Moreover, rising disposable
    income and growing adoption of western culture is
    another major factor that is projected to propel
    the market growth of frozen pastries.
  • Various manufacturers are increasingly
    introducing specialty flavor for frozen pastry
    due to changing consumer preference for
    different taste is projected to foster the market
    growth of frozen pastry. For instance, in
    September 2016, Eurpastry launched apple
    delight made with croissant dough filled with
    real apple slices and cream. Also, in the same
    year, Delifrance introduce various products
    such as Multiseed Croissant, Fruity Viennoiserie,
    Raspberry Cranberry Little Gem, Chocolate
    Hazelnut Little Gem, and others.

7
Figure 2. Global Frozen Pastries Market
Opportunity Analysis
8
  • Market Trends/Key Takeaways
  • Rising trend of eating vegan food products among
    consumer is encouraging manufacturer to introduce
    vegan pastries which are expected to foster the
    market growth of frozen pastries. For instance,
    in November 2019, Golden Bake Irelands leading
    producer of Puff Pastry products has announced
    the launch of an enticing new range of unique
    Vegan pastries. The new range includes a Vegan
    Sausage Roll and Vegan Curried Cauliflower
    Sweet Potato Mini Jambon / Crown.
  • Growing adoption of effective marketing
    strategies such as mobile applications, digital
    platforms, and social media platforms to increase
    sales of frozen pastry products are projected to
    fuel the growth of the frozen pastries market.
    Also, the rising adoption of such advanced
    technologies that detect defects in the pastries
    are expected to propel the market growth. For
    instance, in 2016, Bühler, which is a
    Switzerland-based company, introduced camera
    sorters with InGaAs technology to sort damaged
    products from the finished products. The adoption
    of this technology has also led to reduced
    consumption of energy by 40.

9
Figure 3. Global Frozen Pastries Market, Revenue
Share (), By Distribution Channel, in 2018
10
  • Competitive Section
  • Key players operating in global frozen pastries
    market are Gourmand, Delifrance, F.B.F. S.p.A,
    Wolf ButterBack, Lantmännen Unibake UK Limited.
  • Few Recent Developments
  • Délifrance
  • In June 2016, the company opened the first store
    in Milan, Italy in order to expand its presence
    in the market in Italy
  • In April 2016, Délifrance U.K. invested US 36.5
    Million at its production site in the U.K. in
    order to increase the production of bakery
    products. The site has a new stone-baked bread
    line, dough lamination technology, control
    systems, and robotic scarification.
  • In June 2016, the company invested US 30.5
    Million at its existing bread confection
    production line in France to cater to the
    increasing demand of Délifrance bakery products

11
Figure 4. Global Frozen Pastries Market Value
Chain Analysis
12
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  • Reference https//https//www.coherentmarketinsig
    hts.com/market-insight/frozen-pastries-market-3513

13
About Us
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14
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15
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