The Frozen Cake and Pastry Manufacturing industry has posted modest annualised growth over the five years through 2015-16 of 2.6%. This includes expected growth of 2.3% in the current year, generating industry revenue of $610.0 million. Driving this growth has been the rollout of new products as manufacturers have countered rising health consciousness by enticing consumers with more premium offerings, from wagu beef pies to salted caramel puddings and snack-sized portions. Moves to extend distribution channels have also driven growth as manufacturers accommodated for shifts in consumer spending by catering to different markets.Businesses in this industry manufacture an array of frozen bakery products, such as frozen cakes and pies.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.