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Global Frozen Bakery Market - By Size, Growth, Trends And Forecasts 2023 - 2032
Frozen Bakery Market
The Business Research Company's Frozen Bakery Global Market Report 2023 identifies increasing consumption of convenience foods as the major driver for the Frozen Bakery market's growth in the forecast period. Convenience food is food that has been frozen, dried, or canned and can be heated and made quickly and easily. Frozen bakery items are used as convenient meal alternatives due to their pre-prepared status. They allow quick and straightforward baking or reheating, offering consumers freshly baked delicacies with minimum work and time.
The global frozen bakery market is expected to grow from $40.62 billion in 2022 to $42.88 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The frozen bakery market is expected to reach $53.14 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the Frozen Bakery market are Nestlé SA, Grupo Bimbo S.A.B. de C.V., Associated British Foods PLC, General Mills Inc., Kellogg Company, Dr. Oetker UK Ltd.
A key trend in the Frozen Bakery market includes product innovations. Major companies operating in the frozen bakery market are developing innovative products to strengthen their position in the market. For instance, in February 2022, Griddle, a UK-based frozen baked goods company, launched new frozen vegan toaster waffles. The unique features of frozen vegan toaster waffles involve these products being HFSS compliant, having 40% less sugar than the average waffle, being manufactured with 100% natural ingredients, and having no artificial colors, flavors, or preservatives.
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The Frozen Bakery market is segmented -
• By Product: Ready-To-Prove, Ready-To-Bake, Ready-To-Eat
• By Recipe: Bread, Viennoiserie, Patisserie, Savory Snacks
• By Category: Gluten Free, Conventional
• By End-User: Convenience Stores, Hypermarkets And Supermarkets, Artisans Bakers, Hotels, Restaurants And Catering (HORECA), Bakery Chains, Online Channels
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Frozen Bakery market.
The Business Research Company's "Global Frozen Bakery Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Frozen Bakery Market Include:
1. Executive Summary
2. Frozen Bakery Market Characteristics
3. Frozen Bakery Market Trends And Strategies
4. Frozen Bakery Market - Macro Economic Scenario
5. Global Frozen Bakery Market Drivers and Restraints
…………………………………….
32. Global Frozen Bakery Market Competitive Benchmarking
33. Global Frozen Bakery Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Frozen Bakery Market
35. Frozen Bakery Market Future Outlook and Potential Analysis
36. Appendix
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