Global Frozen Waffles Market 2018-2022
About this market
New product launches to drive market growth. Manufacturers of frozen waffles are encompassing innovative and distributive strategies to increase the market size of these products. A product launch helps in increasing the revenue flow of the company and consumer base of player. Technavio’s analysts have predicted that the frozen waffles market will register a CAGR of over 5% by 2022.
Increasing marketing campaigns
Food companies heavily depend on various marketing strategies, such as advertising and product promotions, to increase sales. Many manufacturers are focusing on marketing campaigns owing to digitization and related developments.
Threat from substitute products
Food manufacturers produce various other products that have the same nutritional value as breakfast cereals and offer indulgence and health benefits to consumers. This affects the market for frozen waffles.
For the detailed list of factors that will drive and challenge the growth of the frozen waffles market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including PepsiCo and Van’s Foods the competitive environment is quite intense. Factors such as the increasing marketing campaigns and the new product launches, will provide considerable growth opportunities to frozen waffles manufactures. General Mills, Hain Celestial, Kellogg Company, PepsiCo, and Van’s Foods are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Frozen Waffles Market 2018-2022
Technavio recognizes the following companies as the key players in the global frozen waffles market: General Mills, Hain Celestial, Kellogg Company, PepsiCo, and Van’s Foods.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the new product launches.”
According to the report, one of the major drivers for this market is the increasing marketing campaigns.
Further, the report states that one of the major factors hindering the growth of this market is the threat from substitute products.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook