Bread and Rolls Segment to Dominate Middle East & Africa Frozen Bakery Products Market during 2021-2028
According to a new market research study on “Middle East & Africa Frozen Bakery Products Market to 2028- COVID-19 Impact and Regional Analysis and Forecast - by Type, Application, and Country,” is expected to reach US$ 1,881.91 million by 2028 from US$ 1,501.02 million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa frozen bakery products market along with the drivers and restraints pertaining to the market growth. An upsurge in demand for convenience food and incrementing number of food service outlets are the major factors driving the growth of the Middle East & Africa frozen bakery products market. However, the volatility of raw materials and shift in the preferences for conventional bakery products may hinder the growth of Middle East & Africa frozen bakery products market.
In case of COVID-19, Middle East & Africa, especially South Africa, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of frozen bakery products manufacturing activities. Downfall in other food & beverages producing sectors has subsequently impacted the demand for frozen bakery products during the early months of 2020. Moreover, decline in the overall bakery products producing activities has led to the discontinuation of frozen bakery products manufacturing projects, thereby reducing the demand for frozen bakery products. Similar trend was witnessed in other Middle East & African countries such as UAE and Saudi Arabia. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.
The market for Middle East & Africa frozen bakery products is segmented into product type, category, End-use and country. Based on product type, the market is segmented into breads and rolls, pizza and pizza crust, cakes and pastries, cookies and biscuits and others. In 2020, the bread and rolls segment held the largest share in Middle East & Africa frozen bakery products market. Based on category, the Middle East & Africa frozen bakery products is bifurcated into gluten-free and conventional. The gluten-free segment is expected to be the fastest growing segment over the forecast period. Based on End-use, the Middle East & Africa frozen bakery products is divided into foodservice and food retail. In 2020, the food service segment held the largest share in Middle East & Africa frozen bakery products market. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East & Africa frozen bakery products market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East & African countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for frozen bakery products.
Dawn Food Products, Inc.; Lantmannen Unibake; Grupo Bimbo S.A.B. de C.V.; Aryzta Ag; General Mills, Inc.; Conagra Brands, Inc. and Associated British Food Plc. are some of the leading companies in the Middle East & Africa frozen bakery products market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
According to a new market research study on “Middle East & Africa Frozen Bakery Products Market to 2028- COVID-19 Impact and Regional Analysis and Forecast - by Type, Application, and Country,” is expected to reach US$ 1,881.91 million by 2028 from US$ 1,501.02 million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa frozen bakery products market along with the drivers and restraints pertaining to the market growth. An upsurge in demand for convenience food and incrementing number of food service outlets are the major factors driving the growth of the Middle East & Africa frozen bakery products market. However, the volatility of raw materials and shift in the preferences for conventional bakery products may hinder the growth of Middle East & Africa frozen bakery products market.
In case of COVID-19, Middle East & Africa, especially South Africa, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of frozen bakery products manufacturing activities. Downfall in other food & beverages producing sectors has subsequently impacted the demand for frozen bakery products during the early months of 2020. Moreover, decline in the overall bakery products producing activities has led to the discontinuation of frozen bakery products manufacturing projects, thereby reducing the demand for frozen bakery products. Similar trend was witnessed in other Middle East & African countries such as UAE and Saudi Arabia. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.
The market for Middle East & Africa frozen bakery products is segmented into product type, category, End-use and country. Based on product type, the market is segmented into breads and rolls, pizza and pizza crust, cakes and pastries, cookies and biscuits and others. In 2020, the bread and rolls segment held the largest share in Middle East & Africa frozen bakery products market. Based on category, the Middle East & Africa frozen bakery products is bifurcated into gluten-free and conventional. The gluten-free segment is expected to be the fastest growing segment over the forecast period. Based on End-use, the Middle East & Africa frozen bakery products is divided into foodservice and food retail. In 2020, the food service segment held the largest share in Middle East & Africa frozen bakery products market. Furthermore, in this present scenario of COVID 19 pandemic, the Middle East & Africa frozen bakery products market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Middle East & African countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for frozen bakery products.
Dawn Food Products, Inc.; Lantmannen Unibake; Grupo Bimbo S.A.B. de C.V.; Aryzta Ag; General Mills, Inc.; Conagra Brands, Inc. and Associated British Food Plc. are some of the leading companies in the Middle East & Africa frozen bakery products market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Middle East & Africa Frozen Bakery Products market as follows:
Middle East & Africa Frozen Bakery Products Market - By Product Type
- Breads and Rolls
- Pizza and Pizza Crust
- Cakes and Pastries
- Cookies and Biscuits
- Others
Middle East & Africa Frozen Bakery Products Market - By Category
- Gluten-free
- Conventional
Middle East & Africa Frozen Bakery Products Market - By End-use
- Foodservice
- Food Retail
Middle East & Africa Frozen Bakery Products Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Reasons to buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa frozen bakery products market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa frozen bakery products market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa frozen bakery products market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table of Contents
1. Introduction
3. Research Methodology
4. Middle East & Africa Frozen Bakery Products Market Landscape
5. Middle East & Africa Frozen Bakery Products Market - Key Market Dynamics
6. Frozen Bakery Products - Middle East & Africa Market Analysis
7. Middle East & Africa Frozen Bakery Products Market Analysis - By Type
8. Middle East & Africa Frozen Bakery Products Market Analysis - By Category
9. Middle East & Africa Frozen Bakery Products Market Analysis - By End-Use
10. Middle East & Africa Frozen Bakery Products Market - Country Analysis
11. Overview - Impact of Coronavirus Outbreak on Middle East & Africa Frozen Bakery Products Market
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
- Dawn Food Products, Inc.
- Lantmannen Unibake
- Grupo Bimbo S.A.B. de C.V.
- Aryzta Ag
- General Mills, Inc.
- Conagra Brands, Inc.
- Associated British Food Plc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 108 |
Published | July 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 1501.02 Million |
Forecasted Market Value ( USD | $ 1881.91 Million |
Compound Annual Growth Rate | 3.3% |
Regions Covered | Africa, Middle East |
No. of Companies Mentioned | 7 |