Investor Alert

April 15, 2019, 3:51 p.m. EDT

LATAM Frozen Bakery Market projected to reach USD 5.7 billion with 4.4% CAGR by 2024

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Apr 15, 2019 (Heraldkeeper via COMTEX) -- LATAM Frozen Bakery Market will surpass USD 5.7 billion by 2024. Rising economic growth resulting in an expansion of disposable income of the Colombian population has resulted in a vast increase in modern retail space across the country. This would further augment the demand for frozen bakery products in the coming years. The expansion of restaurant chains and fast food outlets are a key component of the sector's growth. According to the Colombian Chamber of Commerce, there were 32,000 restaurants registered in Bogota in 2016, the majority of which were fast-food outlets like Subway, Burger King, and McDonald's. This growth would further increase the demand for frozen dough as the products is widely used in these outlets.

Companies Profiled based on Business Overview, Financial Data, Product Landscape, Strategic Outlook & SWOT Analysis:

-- Bimbo Latincentro

-- Europastry


-- Rich Products Corporation

-- Comapan S.A.

-- Productos Ramo S.A.

-- Patagonia Bakers

-- Dulcipan SA de CV

-- H.E. Butt Grocery Company

2017 Market Size -USD 4.3 billion

Compound annual Growth Rate (CAGR)- 4.4%

2024 Forecast Value - USD 5.7 Billion +

Request for a sample copy of report @ https://www.gminsights.com/request-sample/detail/2962

Increased fluctuations in the energy costs could hinder the LATAM frozen bakery market growth during the forecast timeframe. Most of the edible items are perishable and requires preservation for long duration storage. Minimal temperatures reduce biological activity from bacteria and other microorganisms which are responsible for food decaying. Freezing is the only solution for storage of perishable edible products in longer run. As major fuel consumption takes place in freezing, storage, and cryogenic logistical requirements, fluctuations in energy cost would significantly affect the frozen bakery operations.

Key Highlights of this report:

Base Year: 2017

Growth Projections - 2018-2024

Historical data coverage: 2013 to 2017

Number of Pages - 92

Data Tables - 83

Hotels, restaurants, and catering (HORECA) captured close to 20% volume share of end-user base in 2017. Government initiatives to promote Mexico as a tourist destination has also led to an increase in the number of restaurants and hotels in the country. These restaurants sell a variety of bakery products include cakes, pastries, snacks, etc. Thus, developments in the restaurant industry in the country will drive product demand for use in HORECA during the forecast period.

Growth Drivers of LATAM Frozen Bakery Market:

The expansion of restaurant chains and fast food outlets are a key component of the sector's growth.

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