According to the latest report by IMARC Group, titled “Frozen Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global frozen bakery products market size reached US$ 29.7 Billion in 2022. Frozen bakery products refer to baked goods such as bread, pastries, cakes, muffins, and others preserved through freezing. It offers an extension of shelf life, reducing food waste and allowing for more efficient inventory management. Frozen bakery products are utilized in retail and food service sectors, grocery stores, restaurants, and catering services. The products are versatile and can be customized to meet specific dietary requirements, such as gluten-free or vegan alternatives, making them suitable for different cultural and festive occasions. These products allow for cost-effective inventory management and reduce wastage, as they can be stored longer. Frozen bakery products are used in various culinary settings, from simple household meals to gourmet restaurant offerings. These bakery products are also frequently used in institutional settings like schools, hospitals, and military bases where mass production and long-term storage are essential.
Global Frozen Bakery Products Market Trends:
The increasing need for convenience as consumers are inclined toward quick and easy meal options, owing to their busy lifestyles, is one of the major factors driving the market growth. Besides this, the widespread popularity of frozen bakery products, as they offer longer shelf life compared to fresh products and reduce the frequency of restocking, thereby benefiting retailers and consumers in inventory management and reducing wastage, is creating a positive outlook for the market growth. Moreover, the increasing demand for a variety of bakery products, including ethnic and exotic flavors, giving rise to frozen bakery items that can be easily transported and stored, is favoring the market growth. Additionally, rapid technological advancements leading to improvements in freezing technologies, ensuring that the taste and nutritional values of frozen bakery products are preserved, making them more appealing to consumers, is anticipated to drive the market growth. Along with this, the growing awareness of health and nutrition, encouraging manufacturers to offer frozen bakery products that cater to various dietary needs, such as gluten-free, low-fat, and vegan options, is providing an impetus to the market growth. Apart from this, the rising online shopping platforms making it more convenient for consumers to purchase frozen bakery products are supporting the market growth. Looking forward, the market value is projected to reach US$ 39.6 Billion by 2028, expanding at a CAGR of 4.3% during 2023-2028.
- Based on the product, the market has been divided into bread and rolls, cakes and pastries, cookies and biscuits, and others. According to the report, bread and rolls represent the largest segment.
- On the basis of the distribution channel, the market has been classified into artisan baker, retail, catering, and online channel. Among these, artisan baker accounts for the largest market share.
- Based on the end user, the market has been categorized into retail, food service industry, and food processing industry. According to the report, the food service industry accounts for the largest market share.
- Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe holds the largest market share.
- The competitive landscape of the market has also been examined, with some 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., Vandemoortele etc.
|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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