[Research Report] The frozen bakery products market is expected to grow from US$ 25.31 billion in 2021 to US$ 33.3 billion by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028.
MARKET ANALYSIS
Frozen bakery products include pre-baked and frozen bakery goods such as frozen bread, cakes, muffins, and other bakery products. The frozen bakery products market is influenced by changing lifestyle, busy schedules, and growth in disposable income. In recent years, the food and beverages industry also witnessed high preference for ready-to-eat and ready-to-bake products. Expansion of retail sector along with emergence of various online platforms is also contributing positively to the availability of frozen bakery products. Frozen bakery products have wide availability in retail stores and supermarkets due to the diversification of distribution channels. In addition, other factors driving the demand for convenience foods include change in working demographics and a busy lifestyle.
GROWTH DRIVERS AND CHALLENGES
Rise in demand for convenience food and increase in number of foodservice outlets has aided the market growth of frozen bakery products. The demand for frozen bakery products is surging, owing to rising consumer preference toward processed or convenience foods. In addition, the easy availability of frozen bakery products has influenced the buying pattern for the shoppers who are concerned with the dietary merchandise and rendered a firm place to the frozen bakery products in the list of daily consumables. Moreover, due to the growing food & beverages industry and improving economic conditions, rising disposable income of consumers in developed and developing regions worldwide has driven the sales of convenience foods. The widespread trend of socializing in cafes among urban millennials and the youngest segment of the population is accelerating the growth of the chained foodservice industry, which is growing the market for frozen bakery products. Further, cafes and restaurants have emerged as a comfortable and convenient spot for families, millennials, and working young professionals to relax and socialize, thereby propelling the growth of market. The fluctuating raw material prices pose a challenge to the frozen bakery products market. The variability of raw material costs continues to be a major concern for manufacturers of frozen bakery products. The intense volatility of raw material prices makes it difficult for companies and producers to stay competitive while maintaining healthy margins. Raw materials such as barley, maize, wheat, and rye significantly impact the bottom line. The prices of these raw materials are regulated by supply and demand functions and affected by the government's agricultural policies. For example, the acreage reduction programs have an effect on wheat and corn supplies, thereby creating a significant barrier for the market growth.
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Frozen Bakery Products Market: Strategic Insights
Market Size Value in US$ 25.31 Billion in 2021 Market Size Value by US$ 33.3 Billion by 2028 Growth rate CAGR of 4.0% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Frozen Bakery Products Market: Strategic Insights
| Market Size Value in | US$ 25.31 Billion in 2021 |
| Market Size Value by | US$ 33.3 Billion by 2028 |
| Growth rate | CAGR of 4.0% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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REPORT SEGMENTATION AND SCOPE
The "Global Frozen Bakery Products Market Analysis to 2028" is a specialized and in-depth study with a major focus on the global market trends and growth opportunities. The report aims to provide an overview of the global market with detailed market segmentation by product type, category, end-user, and geography. The global frozen bakery products market has been witnessing high growth over the recent past and is expected to continue this trend during the forecast period. The report provides key statistics on the consumption of frozen bakery products worldwide along with their demand in major regions and countries. In addition, the report provides the qualitative assessment of various factors affecting the frozen bakery products market performance in major regions and countries. The report also includes a comprehensive analysis of the leading players in the frozen bakery products market and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative opportunities that would, in turn, aid in identifying the major revenue pockets.
Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global frozen bakery products market, which helps understand the entire supply chain and various factors affecting the market growth.
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SEGMENTAL ANALYSIS
The global frozen bakery products market is segmented on the basis of product type, category, and end-user. Based on product type, the frozen bakery products market is segmented as, bread and rolls, cakes and pastries, cookies and biscuits, and others. On the basis of category, the market is classified as, gluten-free, and conventional. Based on end-user, the market is segmented into foodservice, and food retail. Based on product type, the bread and rolls segment accounted for a significant share. Bread is a staple food prepared from a dough of water and flour. Bread has been a prominent food in many countries for a very long period. Cakes and pastries are among the prominent products in the frozen bakery products market. Cake is made from sugar, flour, and other ingredients. Cookies and biscuits are baked food which are mostly small, flat and sweet. The key ingredients for making biscuits and cookies include flour, sugar, and oil or fat. Based on category, conventional segment accounted for significant share. The conventional frozen bakery products are those bakery products which are made from corn, rice, wheat, barley, rye, and oats. The awareness among the consumers about gluten causing celiac disease and other digestive health issues is motivating the consumers to shift to gluten-free dietary lifestyles.
SEGMENT ANALYSIS – BY CATEGORY
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REGIONAL ANALYSIS
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The report provides a detailed overview of the global frozen bakery products market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Europe accounted for a significant share of the market and valued at more than US$ 7,500 million in 2020. Frozen bakery products market registered a notable growth in Europe, owing to the convenience these products offer, especially in minimizing the time required for cooking and baking. Moreover, the growing demand for ready-to-eat food products owing to hectic work schedules is also expected to contribute to the market growth in the region over the forecast period. The frozen bakery products market in Asia Pacific is expected to grow at a CAGR of 5.0% from 2021 to 2028. North America frozen bakery products market was valued at more than US$ 6,500 million in 2020. North America contributes a key share in the growth of frozen bakery products market, owing to various factors such as increase in demand for convenience food, hectic work schedules, and rapid growth in the food retail and foodservice sector across the region. Frozen bakery products are ready-to-bake and ready-to-eat bakery products such as cookies, breads, rolls, cakes, and pastries, frozen at a particular temperature to increase their shelf life. These products are contributing a major share in the growth of retail and foodservice sectors in North America.
INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES
The report provides a detailed overview of the global frozen bakery products market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.
In 2020, Lantmannen Unibake has acquired the production assets of French Bakery Company AS, a bakery based in Norway with modern production facilities and high-quality standards of production. This move is aimed to strengthen the market position of Lantmannen Unibake in the Norwegian market.
In 2019, Lantmannen Unibake acquired Bakery Du Jour, an Australian pastry manufacturer headquartered in Melbourne. This initiative was taken to expand the geographic footprints across the Asia Pacific region especially across the Australian marketplace. This will increase the production capacity of Lantmannen Unibake and open new opportunities across the regional marketplace.
In 2018, Grupo Bimbo through its subsidiary Ideal S.A. acquired 100% stakes in the company named Alimentos Nutra Bien S.A. for USD 36.7 million. The company is a manufacturer of artisanal bread made of non-GMO based natural and organic ingredients. This acquisition will open new opportunities for the company in Chilean market.
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The report provides a detailed overview of the global frozen bakery products market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The COVID-19 outbreak has impacted different industries in different manner. Due to the pandemic, the lockdown scenario has affected and hampered the supply chain of frozen bakery products. The non-availability of raw materials as well as labor, owing to the restrictions on the movement of people, have hindered the production of frozen bakery products. The governments of various countries globally imposed lockdown in early 2020 to restrict the spread of the virus, which, in turn, negatively impacted the frozen bakery products market revenue. The government-imposed quarantine regulations resulted in sudden halt in production activities throughout the food and beverage industry. The halted production adversely affected the global supply of frozen bakery products. However, frozen food industry during the pandemic has seen a steady growth as the consumers are consuming foods that has a longer shelf life. According to American Frozen Food Institute, the consumers during COVID-19 has shopped online at a record rate where the sales for frozen food including frozen bakery witnessed a 75% increase. Thus, the increase in online sales for frozen food has resulted in a positive impact on the frozen bakery products.
The frozen bakery products market began reviving in late 2020 due to significant measures taken by governments and continuous vaccination drives. These factors are expected to provide the impetus for the resurgence of the frozen bakery products market in the coming year.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players operating in the frozen bakery products market include, Dawn Food Products, Inc, Europastry SA, Lantmannen Unibake, Grupo Bimbo SAB Dec V, Aryzta AG, General Mills Inc, Cole's Quality Foods Inc, Conagra Brands Inc, and Bridgford Foods Corporation, among others.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type , Category , and End Use and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South and Central America, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Among the segments of product type, breads and rolls segment has led the market in 2020. Bread is a staple food prepared from a dough of water and flour. Bread has been a prominent food in many countries for a very long period. There has been an increase in the usage of bread as a frozen bakery, owing to the inclusion of a wide variety of additives such as fruits, nuts, various fats, and chemical additives that help in improving the texture and flavor and increasing the shelf life of the frozen bread.
The major players operating in the global frozen bakery products market are Dawn Food Products, Inc., Europastry, Lantmannen Unibake. Grupo Bimbo, S.A.B. Dec.V, Aryzta Ag, General Mills, Inc., Cole's Quality Foods Inc., Conagra Brands, Inc., and Bridgford Foods Corporation, and many others.
In 2020, the frozen bakery products market was predominant by Europe at the global level. The primary factors driving the growth of the frozen bakery products market are the convenience these products offer, especially in minimizing the time required for cooking and baking. Moreover, the growing demand for ready-to-eat food products owing to hectic work schedules is also expected to contribute to the market growth in the region over the forecast period. According to a report published by Food Drink Europe, the food & beverages industry in Europe accounted for turnover of US$ 1,463.5 billion in 2020 making it one of the largest manufacturing industries in Europe. The growth of this industry is driven by the rising demand for comfort foods, frozen foods, and ready-to-eat meals. Moreover, the foodservice sector is expected to register a notable growth over the coming years leading to the rising trend of cloud kitchen services, quick service restaurants, online food delivery services, and other such factors in Europe.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Frozen Bakery Products Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East & Africa
4.2.5 South & Central America
4.3 Expert Opinion
5. Frozen Bakery Products Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Convenience Food
5.1.2 Increase in Number of Food Service Outlets
5.2 Market Restraints
5.2.1 Volatility of Raw Materials and Preference for Conventional Bakery Products
5.3 Market Opportunities
5.3.1 Adoption of Individual Quick Frozen (IQF) Technology to Preserve Freshness of Frozen Bakery Products
5.4 Future Trends
5.4.1 Fortification of Frozen Bakery Products
5.5 Impact Analysis of Drivers and Restraints
6. Frozen Bakery Products– Global Market Analysis
6.1 Frozen Bakery Products Market Overview
6.2 Frozen Bakery Products Market –Revenue and Forecast To 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Frozen Bakery Products Market Analysis – By Type
7.1 Overview
7.2 Frozen Bakery Products Market, By Product Type (2020 and 2028)
7.3 Bread and Rolls
7.3.1 Overview
7.3.2 Bread and Rolls: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
7.4 Cakes and Pastries
7.4.1 Overview
7.4.2 Cakes and Pastries: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
7.5 Cookies and Biscuits
7.5.1 Overview
7.5.2 Cookies and Biscuits: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
8. Frozen Bakery Products Market Analysis – By Category
8.1 Overview
8.2 Frozen Bakery Products Market, By Category (2020 and 2028)
8.3 Gluten-Free
8.3.1 Overview
8.3.2 Gluten-Free: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
9. Frozen Bakery Products Market Analysis – By End-Use
9.1 Overview
9.2 Frozen Bakery Products Market, By End-Use (2020 and 2028)
9.3 Food Service
9.3.1 Overview
9.3.2 Food Service: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
9.4 Food Retail
9.4.1 Overview
9.4.2 Food Retail: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
10. Frozen Bakery Products Market – Geographic Analysis
10.1 Overview
10.2 North America: Frozen Bakery Products Market
10.2.1 North America: Frozen Bakery Products Market –Revenue, and Forecast to 2028 (US$ Million)
10.2.2 North America: Frozen Bakery Products Market, by Product Type
10.2.3 North America: Frozen Bakery Products Market, by Category
10.2.4 North America: Frozen Bakery Products Market, by End-Use
10.2.5 North America: Frozen Bakery Products Market, by Key Country
10.2.5.1 US: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Frozen Bakery Products Market, by Product Type
10.2.5.1.2 US: Frozen Bakery Products Market, by Category
10.2.5.1.3 US: Frozen Bakery Products Market, by End-Use
10.2.5.2 Canada: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Frozen Bakery Products Market, by Type
10.2.5.2.2 Canada: Frozen Bakery Products Market, by Category
10.2.5.2.3 Canada: Frozen Bakery Products Market, by End-Use
10.2.5.3 Mexico: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Frozen Bakery Products Market, by Product Type
10.2.5.3.2 Mexico: Frozen Bakery Products Market, by Category
10.2.5.3.3 Mexico: Frozen Bakery Products Market, by End-Use
10.3 Europe: Frozen Bakery Products Market
10.3.1 Europe: Frozen Bakery Products Market –Revenue, and Forecast to 2028 (US$ Million)
10.3.2 Europe: Frozen Bakery Products Market, by Product Type
10.3.3 Europe: Frozen Bakery Products Market, by Category
10.3.4 Europe: Frozen Bakery Products Market, by End-Use
10.3.5 Europe: Frozen Bakery Products Market, by Key Country
10.3.5.1 Germany: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Frozen Bakery Products Market, by Type
10.3.5.1.2 Germany: Frozen Bakery Products Market, by Category
10.3.5.1.3 Germany: Frozen Bakery Products Market, by End-Use
10.3.5.2 France: Frozen bakery products Market – Revenue, and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Frozen Bakery Products Market, by Product Type
10.3.5.2.2 France: Frozen Bakery Products Market, by Category
10.3.5.2.3 France: Frozen Bakery Products Market, by End-Use
10.3.5.3 Italy: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Frozen Bakery Products Market, by Product Type
10.3.5.3.2 Italy: Frozen Bakery Products Market, by Category
10.3.5.3.3 Italy: Frozen Bakery Products Market, by End-Use
10.3.5.4 UK: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Frozen Bakery Products Market, by Product Type
10.3.5.4.2 UK: Frozen Bakery Products Market, by Category
10.3.5.4.3 UK: Frozen Bakery Products Market, by End-Use
10.3.5.5 Russia: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Frozen Bakery Products Market, by Product Type
10.3.5.5.2 Russia: Frozen Bakery Products Market, by Category
10.3.5.5.3 Russia: Frozen Bakery Products Market, by End-Use
10.3.5.6 Rest of Europe: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Frozen bakery products Market, by Product Type
10.3.5.6.2 Rest of Europe: Frozen Bakery Products Market, by Category
10.3.5.6.3 Rest of Europe: Frozen Bakery Products Market, by End-Use
10.4 Asia-Pacific: Frozen Bakery Products Market
10.4.1 Asia-Pacific: Frozen Bakery Products Market –Revenue, and Forecast to 2028 (US$ Million)
10.4.2 Asia-Pacific: Frozen Bakery Products Market, by Product Type
10.4.3 Asia-Pacific: Frozen Bakery Products Market, by Category
10.4.4 Asia-Pacific: Frozen Bakery Products Market, by End-Use
10.4.5 Asia-Pacific: Frozen Bakery Products Market, by Key Country
10.4.5.1 Australia: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Frozen Bakery Products Market, by Type
10.4.5.1.2 Australia: Frozen Bakery Products Market, by Category
10.4.5.1.3 Australia: Frozen Bakery Products Market, by End-Use
10.4.5.2 China: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Frozen Bakery Products Market, by Type
10.4.5.2.2 China: Frozen Bakery Products Market, by Category
10.4.5.2.3 China: Frozen Bakery Products Market, by End-Use
10.4.5.3 India: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Frozen Bakery Products Market, by Type
10.4.5.3.2 India: Frozen Bakery Products Market, by Category
10.4.5.3.3 India: Frozen Bakery Products Market, by End-Use
10.4.5.4 Japan: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Frozen Bakery Products Market, by Type
10.4.5.4.2 Japan: Frozen Bakery Products Market, by Category
10.4.5.4.3 Japan: Frozen Bakery Products Market, by End-Use
10.4.5.5 South Korea: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Frozen Bakery Products Market, by Product Type
10.4.5.5.2 South Korea: Frozen Bakery Products Market, by Category
10.4.5.5.3 South Korea: Frozen Bakery Products Market, by End-Use
10.4.5.6 Rest of Asia-Pacific: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of Asia-Pacific: Frozen Bakery Products Market, by Type
10.4.5.6.2 Rest of Asia-Pacific: Frozen Bakery Products Market, by Category
10.4.5.6.3 Rest of Asia-Pacific: Frozen Bakery Products Market, by End-Use
10.5 Middle East and Africa: Frozen Bakery Products Market
10.5.1 Middle East and Africa: Frozen Bakery Products Market –Revenue, and Forecast to 2028 (US$ Million)
10.5.2 Middle East and Africa: Frozen Bakery Products Market, by Product Type
10.5.3 Middle East and Africa: Frozen Bakery Products Market, by Category
10.5.4 Middle East and Africa: Frozen Bakery Products Market, by End-Use
10.5.5 Middle East and Africa: Frozen Bakery Products Market, by Key Country
10.5.5.1 South Africa: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Frozen Bakery Products Market, by Product Type
10.5.5.1.2 South Africa: Frozen Bakery Products Market, by Category
10.5.5.1.3 South Africa: Frozen Bakery Products Market, by End-Use
10.5.5.2 Saudi Arabia: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Frozen Bakery Products Market, by Product Type
10.5.5.2.2 Saudi Arabia: Frozen Bakery Products Market, by Category
10.5.5.2.3 Saudi Arabia: Frozen Bakery Products Market, by End-Use
10.5.5.3 UAE: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Frozen Bakery Products Market, by Product Type
10.5.5.3.2 UAE: Frozen Bakery Products Market, by Category
10.5.5.3.3 UAE: Frozen Bakery Products Market, by End-Use
10.5.5.4 Rest of Middle East and Africa: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of Middle East and Africa: Frozen Bakery Products Market, by Product Type
10.5.5.4.2 Rest of Middle East and Africa: Frozen Bakery Products Market, by Category
10.5.5.4.3 Rest of Middle East and Africa: Frozen Bakery Products Market, by End-Use
10.6 South America: Frozen Bakery Products Market
10.6.1 South America: Frozen Bakery Products Market –Revenue, and Forecast to 2028 (US$ Million)
10.6.2 South America: Frozen Bakery Products Market, by Product Type
10.6.3 South America: Frozen Bakery Products Market, by Category
10.6.4 South America: Frozen Bakery Products Market, by End-Use
10.6.5 South America: Frozen Bakery Products Market, by Key Country
10.6.5.1 Brazil: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Frozen Bakery Products Market, by Product Type
10.6.5.1.2 Brazil: Frozen Bakery Products Market, by Category
10.6.5.1.3 Brazil: Frozen Bakery Products Market, by End-Use
10.6.5.2 Argentina: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Frozen Bakery Products Market, by Product Type
10.6.5.2.2 Argentina: Frozen Bakery Products Market, by Category
10.6.5.2.3 Argentina: Frozen Bakery Products Market, by End-Use
10.6.5.3 Rest of South America: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of South and Central America: Frozen Bakery Products Market, by Product Type
10.6.5.3.2 Rest of South America: Frozen Bakery Products Market, by Category
10.6.5.3.3 Rest of South America: Frozen Bakery Products Market, by End-Use
11. Overview- Impact of Coronavirus Outbreak
11.1 Overview
11.2 Impact of COVID-19 on Frozen Bakery Products Market
11.3 North America: Impact Assessment of COVID-19 Pandemic
11.4 Europe: Impact Assessment of COVID-19 Pandemic
11.5 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.7 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Merger & Acquisition
12.3 Product Launch
12.4 Partnership
13. Company Profiles
13.1 Dawn Food Products Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 EUROPASTRY, SA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Lantmannen Unibake
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 ARYZTA AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 GENERAL MILLS, INC.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Conagra Brands Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 GRUPO BIMBO
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Cole’s Quality Foods Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Bridgford Foods Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Associated British Foods Plc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Frozen Bakery Products Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. North America Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 5. US Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. US Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Frozen Bakery Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 14. Europe Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany Frozen Bakery Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Germany Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 19. Germany Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 20. France Frozen Bakery Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. France Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 22. France Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 26. UK Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. UK Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 29. Russia Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe Frozen bakery products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 34. Rest of Europe Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 35. Asia-Pacific Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Asia-Pacific Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia-Pacific Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia Frozen Bakery Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Australia Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 40. Australia Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 41. China Frozen Bakery Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. China Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 43. China Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 44. India Frozen Bakery Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. India Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 46. India Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan Frozen Bakery Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of Asia-Pacific Frozen Bakery Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of Asia-Pacific Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of Asia-Pacific Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 56. Middle East and Africa Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Middle East and Africa Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 58. Middle East and Africa Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 59. South Africa Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 64. Saudi Arabia Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 66. UAE Frozen bakery pro Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 67. UAE Frozen bakery pro Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 68. Rest of the Middle East and Africa Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 69. Rest of the Middle East and Africa Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 70. Rest of the Middle East and Africa Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 71. South and Central America Frozen bakery products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. South and Central America Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 73. South and Central America Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 74. Brazil Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 79. Argentina Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 80. Rest of South and Central America Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. Rest of SAM Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of SAM Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 83. List of Abbreviation
LIST OF FIGURES
Figure 1. Global Frozen Bakery Products Market Segmentation
Figure 2. Frozen Bakery Products Market Segmentation – By Geography
Figure 3. Global Frozen Bakery Products Market Overview
Figure 4. Bread and Rolls Segment Held Largest Share of Global Frozen Bakery Products Market
Figure 5. North America Region Held Largest Share of Global Frozen Bakery Products Market
Figure 6. Global Frozen Bakery Products Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia-Pacific: PEST Analysis
Figure 10. Middle East & Africa: PEST Analysis
Figure 11. South & Central America: PEST Analysis
Figure 12. Expert Opinion
Figure 13. India Foodservice Industry % share, by Value, 2017
Figure 14. Frozen Bakery Products market Impact Analysis of Drivers and Restraints
Figure 15. Geographic Overview of Frozen Bakery Products Market
Figure 16. Global: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Frozen Bakery Products Market Revenue Share, By Product Type (2020 and 2028)
Figure 18. Bread and Rolls: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Cakes and Pastries: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Maltodextrin: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Others: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Frozen Bakery Products Market Revenue Share, By Category (2020 and 2028)
Figure 23. Gluten-Free: Frozen bakery products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Conventional: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Frozen Bakery Products Market Revenue Share, By Category (2020 and 2028)
Figure 26. Food Service: Frozen bakery products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. Food Retail: Frozen Bakery Products Market – Revenue and Forecast To 2028 (US$ Million)
Figure 28. Global Frozen Bakery Products Market Revenue Share, by Region (2020 and 2028)
Figure 29. North America: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America: Frozen Bakery Products Market Revenue Share, by Product Type (2020 and 2028)
Figure 31. North America: Frozen Bakery Products Market Revenue Share, by Category (2020 and 2028)
Figure 32. North America: Frozen Bakery Products Market Revenue Share, by End-Use (2020 and 2028)
Figure 33. North America: Frozen Bakery Products Market Revenue Share, by Key Country (2020 and 2028)
Figure 34. US: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 35. Canada: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 36. Mexico: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 37. Europe: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Europe: Frozen Bakery Products Market Revenue Share, by Type (2020 and 2028)
Figure 39. Europe: Frozen Bakery Products Market Revenue Share, by Category (2020 and 2028)
Figure 40. Europe: Frozen Bakery Products Market Revenue Share, by Category (2020 and 2028)
Figure 41. Europe: Frozen Bakery Products Market Revenue Share, by Key Country (2020 and 2028)
Figure 42. Germany: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 43. France: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 44. Italy: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 45. UK: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 46. Russia: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 47. Rest of Europe: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 48. Asia-Pacific: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Asia-Pacific: Frozen Bakery Products Market Revenue Share, by Product Type (2020 and 2028)
Figure 50. Asia-Pacific: Frozen Bakery Products Market Revenue Share, by Category (2020 and 2028)
Figure 51. Asia-Pacific: Frozen Bakery Products Market Revenue Share, by Category (2020 and 2028)
Figure 52. Asia-Pacific: Frozen Bakery Products Market Revenue Share, by Key Country (2020 and 2028)
Figure 53. Australia: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 54. China: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 55. India: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 56. Japan: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 57. South Korea: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 58. Rest of Asia-Pacific: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 59. Middle East and Africa: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Middle East and Africa: Frozen Bakery Products Market Revenue Share, by Product Type (2020 and 2028)
Figure 61. Middle East and Africa: Frozen bakery products Market Revenue Share, by Category (2020 and 2028)
Figure 62. Middle East and Africa: Frozen Bakery Products Market Revenue Share, by End-Use (2020 and 2028)
Figure 63. Middle East and Africa: Frozen Bakery Products Market Revenue Share, by Key Country (2020 and 2028)
Figure 64. South Africa: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 65. Saudi Arabia: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 66. UAE: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 67. Rest of Middle East and Africa: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 68. South America: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. South America: Frozen Bakery Products Market Revenue Share, by Product Type (2020 and 2028)
Figure 70. South America: Frozen Bakery Products Market Revenue Share, by Category (2020 and 2028)
Figure 71. South America: Frozen Bakery Products Market Revenue Share, by End-Use (2020 and 2028)
Figure 72. South America: Frozen Bakery Products Market Revenue Share, by Key Country (2020 and 2028)
Figure 73. Brazil: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 74. Argentina: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 75. Rest of South America: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 76. Impact of COVID-19 Pandemic on Frozen Bakery Products Market in North American Countries
Figure 77. Impact of COVID-19 Pandemic on Frozen Bakery Products Market in European Countries
Figure 78. Impact of COVID-19 Pandemic on Frozen Bakery Products Market in Asia-Pacific
Figure 79. Impact of COVID-19 Pandemic on Frozen Bakery Products Market in Middle East and Africa
Figure 80. Impact of COVID-19 Pandemic on Frozen Bakery Products Market in South America
The List of Companies - Frozen Bakery Products Market
- Dawn Food Products, Inc.
- Europastry
- Lantmannen Unibake
- Grupo Bimbo
- S.A.B. Dec.V
- Aryzta Ag
- General Mills, Inc.
- Cole's Quality Foods Inc.
- Conagra Brands, Inc.
- Bridgford Foods Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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