Latin America Frozen Bakery Market Size & Outlook
Latin America frozen bakery market, 2018-2030 (US$M)
Latin America frozen bakery market highlights
- The Latin America frozen bakery market generated a revenue of USD 5,033.4 million in 2023.
- The market is expected to grow at a CAGR of 6% from 2024 to 2030.
- In terms of segment, breads was the largest revenue generating product in 2023.
- Breads is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 5,033.4 million |
| Market revenue in 2030 | USD 7,553.3 million |
| Growth rate | 6% (CAGR from 2023 to 2030) |
| Largest segment | Breads |
| Fastest growing segment | Breads |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Breads |
| Key market players worldwide | WK Kellogg Co, Cargill, Conagra Brands Inc, Bridgford Foods Corp, Associated British Foods PLC, General Mills Inc, Coles Group Ltd, Flowers Foods Inc, Custom Foods, Vandemoortele, Europastry |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.5% of the global frozen bakery market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,839.3 million by 2030.
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Frozen Bakery Market Scope
Frozen Bakery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America frozen bakery market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to frozen bakery market will help companies and investors design strategic landscapes.
Breads was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America frozen bakery market based on breads covering the revenue growth of each sub-segment from 2018 to 2030.
The regional demand for frozen bakery products in Latin America is driven by shifting lifestyles and a growing preference for Western cuisine. Factors such as advancements in the food and beverage industry, an improving economy, and increased consumption of frozen and ready-to-bake products contribute to the increased product demand.
Furthermore, rising consumer interest in bakery items and a growing awareness of health have led to a surge in demand for gluten-free and low-calorie, sugar-free convenience frozen food products.
In addition, factors like rising disposable incomes, urbanization, and a desire for Western-style diets further drive sales of baked goods and pastries, particularly in countries like Brazil and Mexico. As a result, there is a notable uptick in demand for frozen bakery products across the region.
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Our clientele includes a mix of frozen bakery market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America frozen bakery market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America frozen bakery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America frozen bakery market
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