The global frozen bakery products market size reached US$ 29.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Frozen bakery products comprise bread, cakes, pastries, and donuts that are produced from corn, rice, wheat, barley, oats, and rye. They are convenient for logistics and transportation compared to fresh bakery products and have ice crystals to prevent microbiological degradation. In addition, they save storage space by eliminating the need to preserve fresh ingredients.
Frozen Bakery Products Market Trends:
The growing awareness among the masses about the benefits of frozen bakery products, such as highly nutritious and longer shelf life, represents one of the key factors driving the market. Moreover, there is a rise in the demand for ready-to-eat (RTE) food products due to hectic lifestyles and consequently less time for cooking. This, along with the increasing consumption of convenience food due to the rising number of working professionals across the globe, is propelling the growth of the market. Additionally, the wide availability of frozen bakery products through online and offline distribution channels is offering lucrative growth opportunities to industry investors. Besides this, key market players are extensively investing in research and development (R&D) activities to introduce gluten-free frozen baked goods. They are also focusing on advanced bake-off technologies (BOT), such as unfermented frozen dough (UFD) and partially baked frozen bread (PBF), to reduce labor-intensive production, which is positively influencing the market. Other growth-inducing factors are rising disposable incomes, rapid urbanization, the escalating demand for western diets, and their increasing usage in restaurants and other institutional food services. Furthermore, the introduction of frozen bakery products with innovative and exotic flavors, in confluence with the rising outsourcing of non-core activities in the food and beverage (F&B) industry, is expected to increase their sales in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global frozen bakery products market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, distribution channel and end user.
Breakup by Product Type:
- Bread and Rolls
- Cakes and Pastries
- Cookies and Biscuits
Breakup by Distribution Channel:
- Artisan Baker
- Online Channel
Breakup by End User:
- Food Service Industry
- Food Processing Industry
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aryzta AG, Associated British Foods plc, Bridgford Foods Corporation, Conagra Brands Inc., Dawn Food Products Inc., Europastry S.A., Flowers Foods, General Mills Inc., Kellogg Company, Lantmännen, TreeHouse Foods Inc. and Vandemoortele.
|Base Year of the Analysis
||Product Type, Distribution Channel, End User, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Aryzta AG, Associated British Foods plc, Bridgford Foods Corporation, Conagra Brands Inc., Dawn Food Products Inc., Europastry S.A., Flowers Foods, General Mills Inc., Kellogg Company, Lantmännen, TreeHouse Foods Inc. and Vandemoortele
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Key Questions Answered in This Report:
- How has the global frozen bakery products market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global frozen bakery products market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global frozen bakery products market and who are the key players?
- What is the degree of competition in the industry?