NEW YORK, Oct. 12, 2023 /PRNewswire/ -- The frozen breakfast foods market size is expected to grow by USD 2.13 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will be progressing at a CAGR of 7.93% during the forecast period. The increasing launch of new products is notably driving the frozen breakfast foods market. However, factors such as frequent product recalls may impede market growth. The market is segmented by product type (Bakery products, Ready meals, Cereals, Snack bars, and Others ), distribution channel (Offline and Online ), and geography (Europe, North America, APAC, Middle East and Africa, and South America). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The free sample report is available in PDF format
Key Segment Analysis
- The bakery product segment is estimated to witness significant growth during the forecast period. The retail availability of bakery products is contributing significantly to the growth of this segment. The food industry is undergoing a significant revolution due to technological advancements and changing consumer preferences in terms of both meal variety and the equipment used to create them. As a result, the increasing global popularity of frozen bakery products such as frozen cookies and pastries is driving the growth of this segment, which will further fuel the market's growth during the forecast period.
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Geographical Market Analysis
- Europe is estimated to account for 40% of the global market growth during the forecast period. In Europe, the UK, Germany, Spain, the Netherlands, and Italy are some of the key countries that are significantly contributing to the growth of the frozen breakfast foods market. However, the market growth in the region is propelled by aspects such as high living standards increased adoption of a variety of frozen breakfast food, the strong brand value of the products offered in the market, and the rising per capita spending of consumers on food. Therefore, such factors are expected to drive the market growth in the region during the forecast period.
Company Insights
The frozen breakfast foods market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market companies, including: Ajinomoto Co. Inc., Al Kabeer Group ME, ALPHA FOODS, Conagra Brands Inc., Corporativo Bimbo SA de CV, Dr. August Oetker KG, General Mills Inc., Gujarat Cooperative Milk Marketing Federation Ltd., ITC Ltd., Kellogg Co., McCain Foods Ltd., Nestle SA, Nomad Foods Ltd., Quirch Foods LLC, Rich Products Corp., Ruiz Food Products Inc., The Kraft Heinz Co., Turano Baking Co., Tyson Foods Inc., and Unilever PLC
View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.
Related Reports:
The Breakfast Food Market size is projected to increase by USD 125 billion and the market size is estimated to grow at a CAGR of 5.31% between 2022 and 2027.
The frozen desserts market size is estimated to grow at a CAGR of 6.21% between 2022 and 2027. The frozen desserts market size is forecast to increase by USD 22.09 billion.
Frozen Breakfast Foods Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.93% |
Market growth 2023-2027 |
USD 2.13 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
7.46 |
Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
Performing market contribution |
Europe at 40% |
Key countries |
US, Japan, Germany, UK, and France |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ajinomoto Co. Inc., Al Kabeer Group ME, ALPHA FOODS, Conagra Brands Inc., Corporativo Bimbo SA de CV, Dr. August Oetker KG, General Mills Inc., Gujarat Cooperative Milk Marketing Federation Ltd., ITC Ltd., Kellogg Co., McCain Foods Ltd., Nestle SA, Nomad Foods Ltd., Quirch Foods LLC, Rich Products Corp., Ruiz Food Products Inc., The Kraft Heinz Co., Turano Baking Co., Tyson Foods Inc., and Unilever PLC |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product Type
Market Segmentation by Distribution Channel
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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