GCC Frozen Bakery Products Market
The GMI Research analysis projects that the GCC Frozen Bakery Products Market will experience a CAGR of 5.05% over the forecast period. The increasing inclination towards convenient foods has raised the prominence of frozen bakery products. The accelerating number of working women population has surged the market demand.
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GCC Frozen Bakery Products Market Dynamics
The growing preference of consumers towards convenient food with consistency, taste, and safety is projected to drive the growth of the GCC frozen bakery products market. The prominence of specialty frozen bakery items such as biscuits, bread, rolls, croissants, and others among consumers has elevated the market size. Moreover, the growing incidences of food allergies, gluten intolerance, and celiac diseases have propelled the market growth. Frozen bakery products provide remarkable benefits such as easy digestion, less chronic inflammation, and assistance in weight loss which is anticipated to proliferate the market growth.
The accelerating urban population and the busy lifestyle of consumers guided by the surge in the number of the working population have elevated the demand for convenient and precooked food items, which include frozen bakery products. As per the report published by the Institute of Physics, the GCC countries are largely urbanized. Over 90% of the population of the countries such as Kuwait, Bahrain, Qatar, Oman, Saudi Arabia, and UAE are projected to reside in cities by 2050. This is predicted to elevate the market growth. Moreover, frozen bakery products are increasingly used in hotels, cafes, restaurants, and households because of their higher shelf life. Thus, this aggravating usage will raise the GCC Frozen Bakery Products market size.
Several retail channels such as hypermarkets, convenience, specialty stores, supermarkets, and online retail stores have raised the market growth. The supermarkets have gained immense prominence over frozen bakery products because of the accessibility of a wide variety of products to provide buyers superior products at an economical price. However, the sudden drift towards freshly-baked products is projected to restrain the market growth over the forecast period.
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