The acquisition represents the second in as many months for Schwan’s.
July 25, 2017
Schwan’s Co., Bloomington, Minn., acquired Better Baked Foods, North East, Pa., and Drayton Foods, Fargo, N.D., from parent company NE Foods Inc., Baltimore, Md.
An increase in demand for convenient food products and the trend for greater taste, safety and consistency are also major factors driving the global frozen bakery products market.
The rise in number of high-end bakery shops has created a fast-growing segment catering to consumers demanding best-in-class patisserie goods and varied products from across the world.
May 30, 2017
The global market for specialty frozen bakery has witnessed continued demand during the last few years, and is projected to reach $3,434 million by 2022 with CAGR of 4.45% in terms of value and is projected to reach 209,530 tons with CAGR of 3.46% in terms of volume, according to a Cooked Research Report (CRR), published by Market Research Future, Woburn, Mass.