Frozen Bakery Market expected to expand at a compound annual growth rate CAGR of 4.2% from 2023 to 2030 | Trends, Analysis, Demand and Forecast

Frozen Bakery Market was worth USD 42.95 billion in 2022, expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030.

The market is shifting in favour of businesses with a wider range of items that are sophisticated and healthful. People prefer food that has nutritious components and keeps the food fresh for a long time due to the rise in health consciousness. The market for frozen baked goods is being driven by an increase in demand for these ingredients. The practise of "food on-the-go" is one of the factors contributing to the expansion of the frozen bakery sector. People with hectic lifestyles frequently skip breakfast in favour of a frozen food bakery item.

Due to their attributes like low cost, simplicity of preparation, and wide availability, frozen bakery products are becoming more and more popular, which is a primary driver of the expansion of the global market. Because frozen bakery goods have a longer shelf life than traditional ones, they are more popular.

The simplicity of freezing and baking these items spurs demand, supporting expansion. These goods offer speedy service while still being tasty and fresh. Distributing these goods to a variety of eating venues, including in-store bakeries, coffee shops, petrol stations, and quick-service restaurants, has been profitable for the manufacturers. Additionally, the year-round availability of these goods is likely to boost demand.

Product availability and visibility have expanded as a result of the organised retail sector's significant improvement and upgrade, particularly in emerging markets. The frozen bakery sector is anticipated to increase as a result of this circumstance. Additionally, as wellness and health concerns increase, consumers' preferences for organic and clean-label products are growing. This might provide manufacturers with chances to diversify their product lines, meet rising demand, and make money.

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Global Frozen Bakery Market: Segmentations

Global Frozen Bakery Market: By Types
Breads
Ready-to-thaw
Ready-to-prove

Global Frozen Bakery Market: By Applications
Breads
Pizza Crusts
Cakes & Pastries

Global Frozen Bakery Market: By Key Players
General Mills
Aryzta
Europastry
Conagra Brands
Associated British Foods
Kellogg
Lantmannen Unibake International
Vandemoortele
Premier Foods

Global Frozen Bakery Market: Regional Analysis
The countries covered in the regional analysis of the Global Frozen Bakery market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Report Coverage:

• Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.
• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
• Uncovers potential demands in the market
• Highlights the competitive scenario of the market and major competitors
• Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
• Porter analysis identifies competitive forces within the market
• Provides information on the historical and current market size and the future potential of the market
• Provides sizes of key regional markets using yardsticks of segments

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Frozen Bakery Market Report Highlights

• Frozen pizza dominated the product segment with the highest market share in 2022. The development of specialty pizza products such as dairy and gluten-free pizzas is the major driver for the segment growth
• Online distribution channel is estimated to be the fastest-growing segment with the highest CAGR over the forecast period of 2023-2030.
• The increasing number of internet users globally and higher penetration of smartphones are anticipated to be the major growth driving factors
• Asia Pacific is predicted to be the fastest-expanding regional market with a significant CAGR during the estimated timeframe.
• This growth is attributable to the rising disposable income, and a substantial influence of western culture in terms of food patterns and standard of living

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