IMARC Group, a leading market research company, has recently releases report titled “Frozen Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global frozen bakery products market share, size, growth, trends, report and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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. The rising demand for convenient and time-saving food options, increasing adoption of diverse culinary preferences, and the easy availability of international bakery products are some of the major factors propelling the market.
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Factors Affecting the Growth of the Frozen Bakery Products Industry:
- Changing Consumer Tastes and Preferences:
The escalating demand for frozen food products due to changing tastes and preferences of individuals across the globe is offering a positive market outlook. In addition, people are increasingly seeking frozen bakery products, such as frozen pizzas, pastries, and bread, due to their extended shelf life. Apart from this, the rising demand for unique flavors in food products among individuals is bolstering the market growth. Furthermore, key players are adding premium ingredients to frozen bakery goods to attract a large consumer base.
- Rising Demand for Convenient Food Options:
The growing consumption of frozen bakery products due to rising demand for convenient and ready-to-eat (RTE) food options among individuals with hectic lifestyles and busy working schedules is offering a positive market outlook. In line with this, frozen bakery products offer a quick and hassle-free solution for those seeking freshly baked goods without the time-consuming preparation. Moreover, these bakery items provide a convenient way to enjoy baked goods without the need for complex baking skills or preparation. Furthermore, they can be easily stored, prepared, and consumed.
- Advancements in Freezing Technology:
Advancements in food processing and freezing technologies assist in preserving the quality of baked goods for a longer period. New freezing techniques and equipment allow for rapid freezing, which locks in the freshness, flavor, and texture of the products and ensures that consumers enjoy bakery items that closely resemble freshly baked goods. In line with this, these advancements aid in reducing food waste, which is supporting the growth of the market. Furthermore, advanced processing technologies enable precise control over the production process.
Frozen Bakery Products Market Report Segmentation:
Breakup by Product Type:
- Bread and Rolls
- Cakes and Pastries
- Cookies and Biscuits
- Others
Bread and rolls represented the largest segment as they have extended shelf life and are convenient to consume.
Breakup by Distribution Channel:
- Artisan Baker
- Retail
- Catering
- Online Channel
Artisan baker accounted for the largest market share due to the rising demand for premium bakery products among the masses.
Breakup by End User:
- Retail
- Food Service Industry
- Food Processing Industry
Food service industry holds the biggest market share on account of the increasing adoption of ready-to-eat (RTE) food options among consumers.
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Europe enjoys the leading position in the frozen bakery products market due to the easy and wide availability of frozen food options.
Global Frozen Bakery Products Market Trends:
The rising demand for nutritious frozen bakery products among health-conscious individuals is propelling the market growth. In addition, key players are introducing healthier alternatives, such as whole grain and low-sugar options, which is contributing to the growth of the market.
The wide availability of frozen bakery products via online and offline distribution channels across the globe is bolstering the market growth. In line with this, people are increasingly preferring to buy frozen bakery products through online stores due to their enhanced convenience and doorstep delivery.
Who Are The Key Players Operating In The Industry?
The report covers the major market players including:
- 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
Other Key Points Covered in the Report:
- COVID-19 Impact
- Porters Five Forces Analysis
- Value Chain Analysis
- Strategic Recommendations
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
