Press release
Frozen Bakery Products Market is Growing at a High CAGR 4.0% by 2028
The frozen bakery products market is expected to grow from US$ 25.31 billion in 2021 to US$ 33.3 billion by 2028; it is estimated to grow at a CAGR of 4.0% from 2021 to 2028.Frozen bakery products witness high demand as people prefer ready-to-bake products because they are easy to prepare and can be prepared quickly. In addition, a significant increase in demand for processed food products due to a shift in consumer preference for baked products drives the growth of the frozen bakery products market. The acceptance of frozen bakery products is increasing due to factors such as convenience, preparation speed, easy product availability, and low costs. The growth of the market is also attributed to the surging demand from coffee shops and small and large-scale food chains.
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Top Key Players:- Dawn Food Products, Inc.; Europastry, S.A; Lantmannen Unibake.; Grupo Bimbo; S.A.B. Dec.V; Aryzta Ag; General Mills, Inc.; Cole's Quality Foods Inc.; Conagra Brands, Inc.; and Bridgford Foods Corporation
The demand for frozen bakery products is surging owing to rising consumer preference toward processed or convenience foods. In addition, the easy availability of frozen bakery products has influenced the buying pattern for the shoppers who are concerned with the dietary merchandise and rendered a firm place to the frozen bakery products in the list of daily consumables.
The demand for frozen bakery products is expected to increase in response to the growing demand for convenience foods. The demand for convenience food is being fueled by the launch of longer-shelf-life frozen bakery products and an increase in the working population across the globe, along with a rise in the female workforce. Consumers buy and store frozen bakery items in their busy schedules and consume them as required.
The report includes the segmentation of the global frozen bakery products market as follows:
Frozen Bakery Products Market, by Product Type
• Breads and Rolls
• Cakes and Pastries
• Cookies and Biscuits
Frozen Bakery Products Market, by Category
• Gluten-Free
• Conventional
Frozen Bakery Products Market, by End User
• Foodservice
• Food Retail
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Impact of COVID-19 Pandemic on Frozen Bakery Products Market
The COVID-19 outbreak has impacted different industries in different manner. Amid the pandemic, the lockdown imposition is restricting the supply chain of frozen bakery products. The unavailability of raw materials and labor, due to the restrictions on the movement of people, is hindering the production of frozen bakery products. The frozen food industry has seen a steady growth amid pandemic as people are consuming foods that have a longer shelf life.
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