Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 330.13709352763163 USD Million |
| 2019 | 327.3640803113825 USD Million |
| 2020 | 339.68339033426554 USD Million |
| 2021 | 350.78238099790224 USD Million |
| 2022 | 362.51737720689295 USD Million |
| 2023 | 374.89152897051946 USD Million |
| 2024 | 387.9310252687315 USD Million |
| 2025 | 401.96645208372286 USD Million |
| 2026 | 427.8624546022868 USD Million |
| 2027 | 455.42455598540096 USD Million |
| 2028 | 489.9982905049119 USD Million |
| 2029 | 527.1965410769734 USD Million |
| 2030 | 567.2185235377814 USD Million |
| 2031 | 610.2785743116906 USD Million |
| 2032 | 656.6075027680262 USD Million |
Data Source: Wantstats Repository
Market Dynamics
The French frozen bakeries market is expected to experience an upswing over the next decade. With ever increasing health consciousness, an increasing trend towards health conscious options such as gluten-free as well as convenience, the frozen bakeries market is projected to grow. Consumer preferences are adapting to healthier and more varied food offerings. Organic and unprocessed foods, balanced diets, low-fat and sugar-free diets are becoming mainstream across the country. The French are demanding products with high nutritional value, dietary fiber and proteins. As a result, frozen baked goods, and in particular frozen cakes, are fast becoming a popular choice for convenience and health conscious consumers. Consumers are increasingly relying on convenience foods, such as frozen bakery products, due to busy and hectic day-to-day living. More and more consumers are embracing the attractive idea of having pocket sized, appetizing snacks with nutritional ingredients. The growing demand for improved nutritional profiles of frozen bakery products is creating opportunities for new product innovation, such as gluten-free, lactose free and sugar free versions of frozen bakery products.
The development of marketing and promotional activities, emphasizing fresh and innovative product concepts, as well as the inclusion of natural ingredients, organic offerings and convenience, will be key in driving growth in the French frozen bakery market over the forecast period. To this end, manufacturers are likely to focus on increasing the health profile of the products, through attractive nutritional claims on label designs. Manufacturers will also attempt to introduce more innovativeforms of packaging, as well as targeting specific consumer groups and regions. Global mega-trends, such as population growth and urbanization, are also projected to benefit the growth of the frozen bakery market, given that consumers prefer convenience-based foods for their busy lifestyles. Additionally, the increase in internet shopping for food products also presents opportunities for growth, as it allows product reach to distant geographical regions. To capitalize on these market opportunities, manufacturers are likely to introduce more diversified innovative products with health-conscious ingredients, slow-down ingredients and free-from additives. They will also focus on product packaging improvement and new distribution channels. Manufacturers should also strive to combine health and convenience with product variety, packaging, pricing and convenience.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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