Frozen Bakery Market Research Analysis 2024-2033 | Growth, Size, Analysis, Insights

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Frozen Bakery Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $56.83 billion In 2028 At A CAGR Of 5.8%.

The frozen bakery market size has grown strongly in recent years. It will grow from $42.88 billion in 2023 to $45.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in urbanization and busy lifestyles, increased consumer demand for convenience foods, expansion of retail channels and supermarkets, improvement in cold chain infrastructure, improvement in cold chain infrastructure.

The frozen bakery market size is expected to see strong growth in the next few years. It will grow to $56.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to adoption of clean label and health-conscious, growth in online retailing of frozen bakery products, adoption of automation in frozen bakery production, customization of frozen bakery products for dietary preferences, expansion of plant-based and vegan frozen bakery options. Major trends in the forecast period include advances in quick-frozen technology, development of innovative frozen bakery products, technological advancements in frozen dough production, emphasis on sustainable packaging solutions, application of novel ingredients and flavors, integration of smart packaging for traceability.

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Frozen Bakery Market Major Segments
The frozen bakery market covered in this report is segmented -

1) By Product: Ready-To-Prove, Ready-To-Bake, Ready-To-Eat
2) By Recipe: Bread, Viennoiserie, Patisserie, Savory Snacks
3) By Category: Gluten Free, Conventional
4) By End-User: Convenience Stores, Hypermarkets And Supermarkets, Artisans Bakers, Hotels, Restaurants And Catering (HORECA), Bakery Chains, Online Channels

Key Driver - Rising Demand For Convenience Foods Boosts Growth In The Frozen Bakery Market

Increasing consumption of convenience foods is expected to boost the growth of the frozen bakery market going forward. 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. For instance, in July 2023, according to Food and Drinks Malaysia by SAIL Group, a food and beverage exhibition in Malaysia, the convenience food sector increased by 3.0% in volume in 2023 and is expected to reach 7,829.2 kg by 2027. Further, in Malaysia, the revenue from convenience food amounts to US$31.84 billion in 2022, which is expected to increase by 5.49% during 2022-2027. Therefore, increasing consumption of convenience foods is driving the growth of the frozen bakery market.

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Prominent Trend - Major Players In The Frozen Bakery Market Lead With Creative Product Offerings

Product innovations have emerged as the key trend gaining popularity in the frozen bakery market. 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.

Frozen Bakery Market Players
Major companies operating in the frozen bakery market report are Nestlé SA, Grupo Bimbo S.A.B. de C.V., Associated British Foods PLC, General Mills Inc., Kellogg Company, Dr. Oetker UK Ltd., ConAgra Foods Inc., Barilla Group, Flowers Foods Inc., Hillshire Brands Company, Rich Products Corporation, Lantmännen Unibake International, Aryzta AG, Vandemoortele Inc., Froneri International Limited., Alpha Baking Company Inc., Pepperidge Farm Incorporated, Europastry SA, Bridgford Foods Corporation, H&S Bakery Inc., Tasty Baking Company, Gonnella Baking Co., Aunt Bessie's Limited, Cole's Quality Foods Inc., Custom Foods Inc.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the frozen bakery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the frozen bakery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Frozen Bakery Market Report Structure
3. Frozen Bakery Market Trends And Strategies
4. Frozen Bakery Market - Macro Economic Scenario
5. Frozen Bakery Market Size And Growth
…..
27. Frozen Bakery Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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