Frozen Bakery Products Market, By Product (Bread, Cakes & Pastries, Doughnuts & Pies, Pizza, Novelties), By Distribution (Supermarket & Hypermarket, Convenience Stores, Bakery Stores, Online), By Region – Global Analysis Forecast Till 2030

The Frozen Bakery Products Market was worth USD 43.19 billion in 2022, expected to expand at a CAGR of 4.6% from 2023 to 2030.

Bakery goods, including bread, rolls, cookies, pies, pastries, and muffins, typically contain wheat or grain-derived meal. However, they have a short shelf life. Several preservation techniques can lengthen the product's shelf life. Therefore, it has occasionally been proposed. The frozen bakery products market is flooded with items since frozen is believed to be the most crucial state.

Processed foods have become a proposed option for convenience food due to consumers' changing lifestyles and busy schedules. Frozen bakery products include bread, cakes, pastries, donuts, etc., mainly derived from corn, rice, wheat, barley, oats, and rye. This product is packed with nutrients and comes in a variety of flavors. In addition, it has a relatively long shelf life compared to conventional bakery products and is convenient to use. As a result, frozen bakery products are often sold in various shops, cafes, and restaurants.

The main ingredients used in producing frozen bakery products include flour, water, and leavening agents, which are responsible for most bakery products' characteristic shape, texture, and flavor. Eggs, milk, salt, shortening, and sugar are used a lot to control the amount of the product effectively, and various additives can also be used. Pizza crusts, bread, cakes, and pastries are the leading products in the frozen bakery category.

Market Dynamics:

Drivers:

More than half of the world's population lives in cities, and nearly every country is becoming increasingly urbanized. In addition, the need for convenience foods is rapidly increasing due to lifestyle changes, an increase in nuclear families, an increase in working women, and a decrease in meal preparation time. These factors support the growth of the frozen bakery products market as frozen bakery products are easy to carry and have a long shelf life. An increase in per capita income and an increase in meal intake are major factors driving the demand for frozen bakery products.

Frozen bakery products are a strong trend among millennials. Younger consumers these days have less time to cook throughout the day, so they are more willing to spend money on convenient food alternatives. Growing demand for high-quality, organic, gluten-free, and vegan bakery items could open new prospects in this market of frozen bakery products.

Restraints:

Consumers believe that food older than one year is unhealthy. This is owing to the perception that nutritional content deteriorates throughout the refrigeration process, significantly limiting the market growth. Furthermore, maintaining consistent temperatures for frozen bakery products can be challenging due to poor cold chains in many emerging and underdeveloped countries. This is anticipated to be one of the major restraints for the growth of the frozen bakery products market over the forecast period.

Key players:

• Kellogg Co.

• Cargill, Incorporated

• Conagra Brands, Inc.

• Custom Foods Inc.

• Vandemoortele NV

• Bridgford Foods Corporation

• Associated British Foods plc

• General Mills Inc.

• Europastry

• Cole’s Quality Foods, Inc.

• Flowers Foods

Market Segmentation:

Frozen Bakery Products Market, By Product:

• • Bread

  • Cakes & Pastries

  • Doughnuts & Pies

  • Pizza

  • Novelties

Frozen Bakery Products Market, By Distribution:

• • Supermarket & Hypermarket

  • Convenience Stores

  • Bakery Stores

  • Online

Frozen Bakery Products Market, By Geography

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Spain

  • Italy

• Asia-Pacific (APAC)

  •  China

  • India

  • Japan

  • Indonesia

  • South Korea

• Latin America (LATAM)

  • Brazil

  • Mexico

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

Regional Analysis:

Asia-Pacific is expected to grow the fastest with a CAGR of XX % over the forecast period 2022-2030, owing to sedentary lifestyles, developing countries, and rising disposable income. In addition, a growing female workforce has changed traditional household dynamics, resulting in a marked preference for convenience and ready-to-eat foods. In India, for example, major cities with a high proportion of women working have helped the market grow. These factors are expected to increase product demand in the coming years.

North America led the market with a revenue share of over XX % in 2022. Because frozen bakery products have a much longer shelf life than conventional products, consumer interest in these products has increased in the region. Market participants focus on providing products with healthy and organic ingredients and minimal artificial preservatives in response to growing consumer demand for organic and healthy products. Additionally, the growing preference in the region for high-quality convenience foods is a significant factor fueling the demand for the frozen bakery products market.

Scope of the Report:

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