Frozen Bakery Market: Global Industry Analysis And Forecast (2023-2029)

Frozen Bakery Market size was valued at US$ 23.62 Bn. in 2022 and the total Frozen Bakeryrevenue is expected to grow at 5.9% through 2022 to 2029, reaching nearly US$ 35.28 Bn.
Frozen Bakery Market Overview:
Frozen bakery items have a frozen shelf life of 6 to 18 months by restricting the movement of the water contained in the product and converting the water into ice crystals.Frozen bakery items may be kept fresh for a long time. Many frozen bakery items such as frozen bread, frozen pizza crust, frozen pastries, frozen cakes bread, and frozen patisserie are in great demand which is boosting the frozen bakery market globally.Frozen bakery products are becoming an increasingly essential part of people's daily diets all across the world, particularly in the United States and Europe. People's hectic lifestyles have benefited bread manufacturing which has been driven to develop new products to fulfill growing demand. Frozen bakery product sales have grown owing to the increasing consumption of frozen bakery products throughout the Asia Pacific, the Middle East, and Africa during the forecast period.To know about the Research Methodology :- Request Free Sample Report

In this report, the Frozen Bakery market's growth reasons, as well as the market's many segments (Type, Product, End-user, and Region.), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Frozen Bakery market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Frozen Bakerymarket situation.
Frozen Bakery Market Dynamics:
Rising Urbanization and Inclination Towards Convenience Foods

More than half of the world's population now lives in cities, and almost every country is getting more urbanized. Furthermore, the need for convenience foods grows fast owing to changing lifestyles, an increase in the number of nuclear families, an increase in the proportion of working women, and less time for meal preparation. These factors support the increased growth of the frozen bakery products market since frozen bakery products are easily portable and have a long shelf life. The rise in per capita income and the growing tendency of having snacks between meals are the primary factors driving demand for frozen bakery products.Frozen Bakery Productsare a strong trend among millennials. Nowadays, young consumers are willing to spend more money on convenient food alternatives because they have less time to cook throughout the day. The growing demand for high-quality, organic, gluten-free, and vegan bakery items may open up new prospects in this market.

The growth of various retail channels

The growth of various retail channels around the world will also be a prominent factor driving the frozen bakery market growth. Although conventional retail forms such as grocery stores, mom-and-pop shops, and so on are the most frequent in emerging nations. The number of supermarkets, hypermarkets, and discount stores is rapidly increasing. Grupo Exito, Olmpica, Alkosto, La 14, and other big grocery chains have a substantial presence in most emerging nations including Chile and Colombia. The development of these modern retail models has resulted in increased consumption of packaged and frozen food products during the forecast period.

Quick serving restaurants to open new avenues for ready-to-bake products

Ready-to-bake frozen bakery items will account for more than 15% of total sales by 2027. Rising quick-service restaurants in the United States, Canada, Germany, France, the United Kingdom, and Japan will create new markets for items such as pastries, bread-based desserts, and cakes. Frozen Bakery Market is being driven by the need for pre-baked items that require less time to prepare. Furthermore, freezing technology has given the most well-known preservation solutions to the bread sector by extending product shelf life.

Increased desire for conventional and freshly baked products

Consumers assume that food products processed a year or more before consumption cannot be healthy.Consumers continue to favor freshly baked products due to the perception that frozen food products lack nourishment. This is owing to the perception that their nutritional content degrades throughout the refrigeration process which significantly restricts the market growth. The requirement to maintain a consistent temperature for frozen bakery products might be challenging due to poor cold chains in several emerging and underdeveloped countries. This is expected to be one of the primary restraints on the growth of the frozen bakery market during the forecast period.

Adoption of individual quick frozen (IQF) technology to preserve the freshness of frozen bakery products

The development of a technique is known as the individual quick-frozen (IQF) technique is largely responsible for the high-quality frozen bakery products.Large ice crystals in classic freezing can harm cells and crystal fibers, causing food to dry up. IQF foods, on the other hand, generate microscopic ice crystals that protect the food's fibers. Microencapsulation is a new technique that can help manufacturers reach their objective of extending the shelf life and texture of their gluten-free frozen baked products.
Frozen Bakery Market Segment Analysis:
By type, the bread segment is expected to exceed USD 46 billion by 2029. Over the last few years, there has been a growth in demand for healthier frozen bread as well as an increase in bread consumption by Pizza Hut, Burger King, Dominos, and other food chains, which will open up new opportunities for frozen food manufacturers in the next years.The frozen pizza crust segment is expected to grow at a rapid rate followed by frozen bread and frozen pastries. Many individuals in Western nations like to eat frozen pizza as part of their regular diet. These factors are fuelling the type segment during the forecast period.

By Product, the Ready-to-eat segment is growing at a significant rate during the forecast period. The increased customer preference for ready-to-eat (RTE) and ready-to-bake products, owing to busy lives and hectic work schedules, is boosting global demand for frozen baked products. The growing working population, particularly working women is expected to drive the market. Furthermore, the presence of important companies has significantly contributed to the market's growth.

By End-user, the frozen bakery market is divided into four segments convenience shops, hypermarkets, supermarkets, artisan bakers, bakery chains, hotels, restaurants, and catering (HORECA). Frozen bread product sales through hypermarkets and supermarkets accounted for more than 43% of total sales in 2022. Hypermarkets and supermarkets focus on all types of frozen bakery products. The growing customer preference for visiting hypermarkets and supermarkets for high-quality products is expected to improve market growth during the forecast period.


Frozen Bakery Market Regional Insights
Europe now has the largest market share for frozen bakery products. The region's frozen bakery products market is growing due to the rise in tourism and catering businesses. Countries such as the United Kingdom, Italy, France, Spain, and Germany have emerged as the most profitable markets for a frozen bakeries in Europe. Gluten-free products are now available in a variety of flavors allowing them to gain popularity throughout the world. Furthermore, the increased demand for ready-to-eat, and frozen bakery products, particularly for the breakfast menu is boosting the region's frozen bakery market.

In the Asia Pacific, the Frozen Bakery market is expected to grow in the coming years owing to the increasing western influence on the lifestyle of common men and women. Besides this, the rising disposable income of people and their willingness to spend on ready-to-eat food productsare boosting the Frozen Bakery market during the forecast period.

The objective of the report is to present a comprehensive analysis of the Frozen Bakery market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Frozen Bakery market dynamics, and structure by analyzing the market segments and projectingthe Frozen Bakery market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Frozen Bakery market make the report investor’s guide.
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Global Frozen Bakery Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 23.62 Bn.


Forecast Period 2023 to 2029 CAGR:
5.9 %
Market Size in 2029:
US $ 35.28 Bn.


 Segments Covered:
by Type
Bread
Buns
Donuts
Scones
Loaves
Pizza crusts
Cakes & pastries
Pies & tarts
Croissants
Sponge cakes
Muffins
Other types


by Product
Ready-to-prove
Ready-to-bake
Ready-to-eat


by End-user
Convenience stores
Hypermarkets & supermarkets
Artisans bakers
Hotels, Restaurants & Catering (HORECA)
Bakery chains



Frozen Bakery Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Frozen Bakery Market Key Players
1. Cole’s Quality Foods Inc.
2. General Mills Inc.
3. Flowers Foods
4. Europastry S.A.
5. Barilla Holdings Spa
6. General Waffel Manufactory
7. Vandemoortele NV
8. American Desserts
9. Associated British Foods plc
10.Bridgford Foods Corporation
11.Premier Foods plc
12.Cargill Incorporated
13.Conagra Brands Inc.
14.Alpha Baking Company Inc.
15.Kellogg Company
16.LantmannenUnibake International
17.Grupo Bimbo S.A.B. de C.V.
18.Aryzta A

FAQs:

1. Which is the potential market forFrozen Bakery in terms of the region?
Ans.In the AsiaPacific region, increasing western influence on the lifestyle, the rising disposable income of people, and their willingness to spend on ready-to-eat food products are expected to drive the market.

2. What is expected to drive the growth of the Frozen Bakery market in the forecast period?
Ans.The Rising Urbanization and Inclination toward Convenience Foods are boosting the market growth over the forecast period.

3. What is the projected market size & growth rate of the Frozen Bakery Market?
Ans.The Frozen Bakery Market size was valued at US$ 23.62 Bn. in 2022 and the total Frozen Bakery revenue is expected to grow at 5.9 % through 2022 to 2029, reaching nearly US$ 35.28 Bn.

4. What segments are covered in the Frozen Bakery Market report?
Ans. The segments covered are Type, Product, End-user, and Region.