Asia Pacific Frozen Waffles Market

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2030

Analysis- by Type (Flavoured and Unflavoured/Plain), Category (Gluten-free and Conventional), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)


No. of Pages: 92    |    Report Code: BMIRE00025310    |    Category: Food and Beverages

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Asia Pacific Frozen Waffles Market
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The Asia Pacific frozen waffles market is expected to grow from US$ 598.75 million in 2023 to US$ 924.88 million by 2030. It is estimated to grow at a CAGR of 6.4% from 2023 to 2030.

Rising Growth of E-commerce Fuel Asia Pacific Frozen Waffles Market

The organized retail sector has undergone a massive transformation in recent years. The emergence of e-commerce resulted in considerable changes in how people shop and spend their money. The increasing penetration of smartphones and the internet, easy access to emerging technologies, rising purchasing power, and convenience provided by online retail platforms of shopping from anywhere are key factors driving the growth of e-commerce platforms.

People increasingly prefer online retail platforms for purchasing frozen foods. The online sales of food and beverages increased significantly during the COVID-19 pandemic due to the closure of brick-and-mortar stores and government restrictions. As lockdowns first constrained individuals and subsequently continued to work from home, there was a substantial shift to online shopping. Other factors influencing consumers to shop online include heavy discounts, availability of various products of different brands under one roof, and home delivery options. With the rising penetration of e-commerce across different countries, the manufacturers of frozen waffles are also enhancing their online presence by selling their products through well-known e-commerce platforms such as Amazon.com, Lidl, and Walmart. This factor is further expected to drive the growth of the frozen waffles market over the coming years.

Asia Pacific Frozen Waffles Market Overview

Countries considered for the frozen waffles market in the Asia Pacific comprises Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Emerging countries in the region are witnessing a surge in health-conscious consumers that will create demand for frozen waffles. The busy lifestyle of the growing urban middle-class population, who prefer a convenient and healthy diet, is the primary factor boosting the demand for frozen waffles in the region. Due to rising urbanization, rising disposable incomes, and growing health-conscious consumers, the demand for frozen breakfast snacks increased across the region. Moreover, the frozen waffles market is also projected to grow due to increased promotional and advertisement strategies by various manufacturers operating in the market.

Consumers' rising population and disposable income in developing economies such as China, India, Indonesia, and Malaysia are significant drivers of the frozen waffles market growth. Manufacturers are enhancing their products by using different flavors. Thus, manufacturers' initiatives boost the demand for frozen waffles across the region.

 Asia Pacific Frozen Waffles Market Revenue and Forecast to 2028 (US$ Million)

 Asia Pacific Frozen Waffles Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Frozen Waffles Strategic Insights

Strategic insights for the Asia Pacific Frozen Waffles provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia Pacific Frozen Waffles Report Scope

Report Attribute Details
Market size in 2023 US$ 598.75 Million
Market Size by 2030 US$ 924.88 Million
Global CAGR (2023 - 2030) 6.4%
Historical Data 2021-2022
Forecast period 2024-2030
Segments Covered By Type
  • Flavoured
  • Unflavoured/Plain
By Category
  • Gluten-free
  • Conventional
By Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • AVIETA S.A
  • DELY Wafels srl
  • Kellogg’s Company
  • Planetary Foods Pvt Ltd (Waffle Mill)
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    Asia Pacific Frozen Waffles Regional Insights

    The geographic scope of the Asia Pacific Frozen Waffles refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Asia Pacific Frozen Waffles Market Segmentation

    The Asia Pacific frozen waffles market is segmented into type, category, and distribution channel, and country.

    Based on type, the Asia Pacific frozen waffles market is segmented into flavoured and unflavoured/plain. The flavoured segment held a larger share of the Asia Pacific frozen waffle market in 2023.

    Based on end category, the Asia Pacific frozen waffles market is segmented into gluten free and conventional. The conventional segment held the largest share of the Asia Pacific frozen waffles market in 2023.

    Based on distribution channel, the Asia Pacific frozen waffles market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share of the Asia Pacific frozen waffles market in 2023.

    Based on country, the Asia Pacific frozen waffles market is segmented into the Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the share of the Asia Pacific frozen waffles market in 2023.   

    AVIETA S.A.; Planetary Foods Pvt Ltd (Waffle Mill); Dely Wafels SRL; and Kellogg's Company are some of the leading companies operating in the Asia Pacific frozen waffles market.    

    The List of Companies - Asia Pacific Frozen Waffles Market

    1. AVIETA S.A
    2. DELY Wafels srl
    3. Kellogg’s Company
    4. Planetary Foods Pvt Ltd (Waffle Mill)
    Frequently Asked Questions
    How big is the Asia Pacific Frozen Waffles Market?

    The Asia Pacific Frozen Waffles Market is valued at US$ 598.75 Million in 2023, it is projected to reach US$ 924.88 Million by 2030.

    What is the CAGR for Asia Pacific Frozen Waffles Market by (2023 - 2030)?

    As per our report Asia Pacific Frozen Waffles Market, the market size is valued at US$ 598.75 Million in 2023, projecting it to reach US$ 924.88 Million by 2030. This translates to a CAGR of approximately 6.4% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Frozen Waffles Market report typically cover these key segments-

    • Type (Flavoured, Unflavoured/Plain)
    • Category (Gluten-free, Conventional)
    • Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail)

    What is the historic period, base year, and forecast period taken for Asia Pacific Frozen Waffles Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Frozen Waffles Market report:

  • Historic Period : 2021-2022
  • Base Year : 2023
  • Forecast Period : 2024-2030
  • Who are the major players in Asia Pacific Frozen Waffles Market?

    The Asia Pacific Frozen Waffles Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • AVIETA S.A
  • DELY Wafels srl
  • Kellogg’s Company
  • Planetary Foods Pvt Ltd (Waffle Mill)
  • Who should buy this report?

    The Asia Pacific Frozen Waffles Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Frozen Waffles Market value chain can benefit from the information contained in a comprehensive market report.

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