Global Frozen Bakery Market on a Rise, Projected to Reach USD 35.28 Billion by 2029

15-12-2023: Frozen Bakery: A Sustained Trend in Global Food Consumption

Frozen bakery products, with a shelf life of 6 to 18 months, have become a staple in households worldwide. The freezing process, converting water into ice crystals, allows these products, including frozen bread, pizza crusts, pastries, cakes, and patisserie, to maintain freshness for an extended period. The global demand for frozen bakery items is on the rise, fueled by changing lifestyles and the growing preference for convenience foods.

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Market Dynamics: Urbanization, Convenience, and Shifting Consumer Preferences

Rapid urbanization, coupled with an increasing inclination toward convenience foods, stands out as a prominent driving force behind the growth of the frozen bakery market. As more than half of the world's population resides in cities, the demand for easily portable, long-shelf-life products has surged. Busy lifestyles, a rise in nuclear families, and the evolving role of working women contribute to the popularity of frozen bakery items.

Moreover, the adoption of frozen bakery products as a snack option among millennials and the growing demand for high-quality, organic, gluten-free, and vegan bakery items are poised to create new opportunities in the market.

Key Factors Influencing Market Growth

The expansion of various retail channels, including supermarkets, hypermarkets, and discount stores, is a significant factor driving market growth. Modern retail models are on the rise, influencing the consumption patterns of packaged and frozen food products.

Quick-service restaurants are expected to open new avenues for ready-to-bake products, accounting for more than 15% of total sales by 2027. The need for pre-baked items, requiring less preparation time, aligns with the growing demand for frozen bakery products.

Segment Analysis: Bread, Ready-to-Eat, and End-User Preferences

The bread segment is anticipated to exceed USD 46 billion by 2029, driven by increased demand for healthier frozen bread and its consumption by major food chains. The ready-to-eat segment is experiencing significant growth, reflecting consumer preferences for convenient food options.

End-users, including convenience shops, hypermarkets, supermarkets, artisan bakers, bakery chains, hotels, restaurants, and catering (HORECA), contribute to the market's diversity. Frozen bread product sales through hypermarkets and supermarkets account for over 43% of total sales.

by Type
Bread
Buns
Donuts
Scones
Loaves
Pizza crusts
Cakes & pastries
Pies & tarts
Croissants
Sponge cakes
Muffins
Other types

by Product
Ready-to-prove
Ready-to-bake
Ready-to-eat

by End-user
Convenience stores
Hypermarkets & supermarkets
Artisans bakers
Hotels, Restaurants & Catering (HORECA)
Bakery chains

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Frozen Bakery Market Key Players

1. Cole's Quality Foods Inc. 2. General Mills Inc. 3. Flowers Foods 4. Europastry S.A. 5. Barilla Holdings Spa 6. General Waffel Manufactory 7. Vandemoortele NV 8. American Desserts 9. Associated British Foods plc 10.Bridgford Foods Corporation 11.Premier Foods plc 12.Cargill Incorporated 13.Conagra Brands Inc. 14.Alpha Baking Company Inc. 15.Kellogg Company 16.LantmannenUnibake International 17.Grupo Bimbo S.A.B. de C.V. 18.Aryzta A

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Table of content for the Frozen Bakery Market includes:

Part 01: Executive Summary

Part 02: Scope of the Frozen Bakery Market Report

Part 03: Global Frozen Bakery Market Landscape

Part 04: Global Frozen Bakery Market Sizing

Part 05: Global Frozen Bakery Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America: Dominates the market due to thriving economic growth and increased spending on fitness gear, especially among women.
Asia Pacific: Anticipates significant growth driven by brands catering to specific customer needs and a large yoga practitioner base, particularly in countries like India.

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