Frozen Bakery Products Market Size, Share, Industry Analysis and Report Forecast 2023-2028

How Big Is the Frozen Bakery Products Market?

The global frozen bakery products market size reached US$ 29.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

What is Frozen Bakery Products?

Frozen bakery products are baked goods that are prepared and frozen to extend their shelf life and maintain their quality. They include bread, pastries, cakes, and muffins which can be reheated and cooked before consumption. They have a longer shelf life compared to their fresh counterparts, which reduces waste and allows consumers and retailers to stock up and ensure availability. They offer consistent quality, taste, and texture, and the convenience of "heat and eat," and save preparation time and effort. They offer a convenient option for quick and quality meals and snacks at home and in large-scale catering services for events or institutional settings due to their convenience and consistency. They are easier to transport and store due to their stabilized state, which makes them suitable for domestic and commercial use. Besides this, they allow efficient production schedules and better inventory management. Moreover, their natural preservation through freezing reduces the need for additional chemical preservatives.

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Global Industry Trends and Drivers:

Rapid urbanization and the increasing working population represent some of the key factors catalyzing the demand for convenient food options like frozen bakery products. Additionally, with more people working longer hours, there is less time for traditional baking at home, which is increasing their reliance on ready-made options. Along with this, the busy lifestyles of individuals are driving the demand for easy-to-prepare and ready-to-eat (RTE) food items. Apart from this, the leading producers are incorporating healthier ingredients like whole grains and reduced sugar, which is attracting health-conscious consumers. Moreover, the proliferation of the e-commerce industry and the increasing consumer reliance on online retail channels is offering a favorable market outlook. Online grocery shopping allows consumers to easily purchase and replenish their stock of frozen bakery items. Furthermore, continuous improvements in logistics and supply chain efficiencies are making it easier to distribute frozen bakery products across regions and increasing their accessibility to a larger population. Besides this, the emergence of niche markets like organic, and culturally specific frozen bakery products is catering to specialized consumer needs. In addition, the rising trend of bundling frozen bakery items with other meal components in ready-to-cook kits is strengthening the growth of the market. Furthermore, growing environmental concerns and advancements in sustainable packaging for frozen goods are attracting eco-conscious consumers. Moreover, the increasing use of standardized production and freezing methods is ensuring a consistent product supply and creating a positive outlook for the market. The expansion of hotels and restaurants and the inclusion of frozen bakery products in various dishes and refreshing beverages are propelling the market growth.

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What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Product Type:
• Bread and Rolls
• Cakes and Pastries
• Cookies and Biscuits
• Others

Breakup by Distribution Channel:
• Artisan Baker
• Retail
• Catering
• Online Channel

Breakup by End User:
• Retail
• Food Service Industry
• Food Processing Industry

Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

Aryzta AG, Associated British Foods plc, Bridgford Foods Corporation, Conagra Brands Inc., Dawn Food Products Inc., Europastry S.A., Flowers Foods, General Mills Inc., Kellogg Company, Lantmännen, TreeHouse Foods Inc. and Vandemoortele.

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This release was published on openPR.