Frozen Bakery Market 2024: Ultimate Research Report

Frozen Bakery Market is forecast to reach USD 25 billion according to this new research report.
Frozen bakery products market shall benefit from growing consumer preference for frozen and processed foods coupled with rising demand for ready-to-eat and bake food products during the forecast period. These frozen food products offer the convenience to be stored for longer period when compared to conventional bakery foods. In addition, versatile properties such as better quality, easy availability, eco-friendly production process and cost-competitiveness will fuel the frozen bakery products market growth over the forecast timespan.

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The product holds a significant share in global frozen food products market owing to rising demand for ready to thaw and packaged food among consumers. This augmented demand can be attributed to growing disposable income of consumers, especially in countries such as India, Japan, China, South Korea, Thailand and South Africa of Asia Pacific and Middle East & Africa. More and more players are trying to achieve competitive edge than others by offering frozen bakery products in coffee chains, restaurants, in-store bakeries and gas stations.

The prime drivers for the frozen bakery products market shall be the developments in retail industry which serve these products, availability convenience and taste consistency offered by these products over the forecast timeframe. However, lack in amenities such as refrigeration facility in retail outlets and under-developed distribution network in semi-urban and rural areas may hamper product market growth during forecast period.

Pizza crust held a major market share close to 30% of global frozen bakery products market in 2016. Frozen pizza is part of daily meals in various western countries including Mexico, Germany, Spain and France. Furthermore, popularity of this segment can be attributed to the eating habits and preferences of consumers particularly in countries including Russia, U.S and UK. Frozen food manufacturers are emphasizing on developing the product portfolio of pizzas by introducing several new healthy ingredients which contains organic and gluten-free varieties.

Frozen bread shall witness a growth rate of more than 8% over the forecast duration. Bread is considered as staple food in the Americas. Frozen bread has been given preference recently as compared to fresh bread due to the shorter perishability period of the latter one. In Brazil, frozen bread market had high consumption rate as similar to fresh bread consumption in 2016.

Industrial & catering segment of distribution channels is anticipated to be fastest growing during forecast period. It is majorly driven by growing number of national and international bakery brands and flourishing tourism industry. Quick service restaurants (QSR) is the new emerging distribution channel concept, accounting a market of 350 Kilotons for 2016. The reason behing this segments growth is increasing per capita income and improving living standards of consumers across the globe.
Europe is likely to hold substantial share in global frozen bakery products market in the coming years. Rising catering & tourism industry shall drive the product demand in UK, France and Germany over the next few years.

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In 2016, frozen bakery products market was highly consolidated with major companies holding almost half of the global market share. Major industry players are Kellogg Company, Associated British Foods PLC, Vandemoortele NV, General Mills Inc., Lantmannen Unibake International and Aryzta AG. Other major players are Premier Foods PLC, ConAgra Brands, Europastry and Grupo Bimbo.

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This release was published on openPR.