South America Frozen Bakery Products Market is expected to reach US$ 3,840.43 Mn by 2028


PRESS RELEASE BY The Insight Partners 09 Jul 2021

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Bread and Rolls Segment to Dominate South America Frozen Bakery Products Market during 2021-2028

According to The Insight Partners market research study on “South America Frozen Bakery Products Market to 2028– COVID-19 Impact and Regional Analysis and Forecast – by Type, Application, and Country,” is expected to reach US$ 3,840.43 million by 2028 from US$ 2,829.92 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the South America frozen bakery products market along with the drivers and restraints pertaining to the market growth. Heightening demand for convenience food and increments in number of food service outlets are the major factors driving the growth of the South America frozen bakery products market. However, the raw material volatility and preference for conventional bakery products may hinder the growth of South America frozen bakery products market.

In case of COVID-19, South America, especially Brazil, 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 South American countries such as Argentina, Colombia, Peru, Chile and Ecuador. 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 South America 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 South America frozen bakery products market. Based on category, the South America 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 South America frozen bakery products is divided into foodservice and food retail. In 2020, the food service segment held the largest share in South America frozen bakery products market.  Furthermore, in this present scenario of COVID 19 pandemic, the South America frozen bakery products market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South American countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for frozen bakery products.

Dawn Food Products, Inc.; Europastry, S.A.; 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 South America 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 South America Frozen Bakery Products market as follows:

South America Frozen Bakery Products Market – By Product Type
  • Breads and Rolls
  • Pizza and Pizza Crust
  • Cakes and Pastries
  • Cookies and Biscuits
  • Others
South America Frozen Bakery Products Market – By Category
  • Gluten-free
  • Conventional
South America Frozen Bakery Products Market – By End-Use
  • Foodservice
  • Food Retail
South America Frozen Bakery Products Market – By Country
  • Brazil
  • Argentina
  • Rest of South America
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