Frozen Bakery Products Market 2023 - Industry Analysis, Size, Share, Strategies and Forecast to 2030

The global frozen bakery products market is expected to grow from USD 30.45 billion in 2020 to USD 53.36 billion by 2028, at a CAGR of 7.26% during the forecast period 2021-2028. The increase in the demand for convenience food products is one of the factors fuelling the frozen bakery products market.

Bread segment is accounted for the highest market share of 35.15% in 2020

The product segment is divided into breads, pizza crust, cakes & pastries, doughnuts, waffles and cookies. Bread segment is accounted for the highest market share of 35.15% in 2020. This is due to the fact that bread is still in very much demand in almost all part of the world, especially in European countries like Germany, Italy, France and the UK. Pizza crust is also very popular and having the second highest market share as it is very popular in the European country like Italy.

The Barley accounts for the highest market value of USD 9.71 Billion in 2020

The source segment includes corn, wheat, barley, and rye. The Barley accounts for the highest market value of USD 9.71 Billion in 2020. This is because barley and rye are majorly used in the making of different types of frozen bakery products.

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The foodservice industry segment is accounted for the highest market share of 48.16% in 2020

The end-user includes retail, foodservice industry, and food processing industry. The foodservice industry segment is accounted for the highest market share of the market in 2020, which is 48.16%. All the big restaurants, premium hotels and cafes have great demand for frozen bakery products because, at an affordable price, it's not just only provide good quality product, but also gives great service as it takes less preparation time.

The catering accounts for the highest market value of USD 11.08 Billion in 2020

The distribution channel segment includes artisan baker, retail, catering, and online channel. The catering accounts for the highest market value of USD 11.08 Billion in 2020. This is because catering service is mostly responsible for the supply of bakery products in the retail sector, hotels, cafes, premium restaurants etc.

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Regional Segmentation Analysis:

The regions analyzed for the Frozen Bakery Products market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Europe region is having the highest market share of 37.43% in 2020. This is due to the fact that in Europe there is a great demand for the frozen bakery product, especially having extra ingredients, which benefits the health. The morning good segment in the frozen bakery product is very popular, as people prefer convenience food and on the go product in the breakfast. Also, urbanization and increasing disposable income are also responsible for the sales of frozen bakery products in the region. North America had the second-largest market share of 32.09% in 2020. This is due to the fact that North America also prefer convenience food in the breakfast and snacks time. People also focuses on the benefits in health provided by the added ingredient added in the frozen bakery products.

Competitive Analysis:

The major players ofmarketincludeGeneral Mills (Pillsburry), Aryzta AG, Grupo Bimbo S.A.B. de C.V., Europastry, S.A., LantmannenUnibake International, Associated British Foods plc, Flower Foods Inc., TreeHouse Foods, Inc., Dawn Foods Products Inc. and Vandemoortele NV among others.

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This release was published on openPR.