Press release
Frozen Bakery Global Market Analysis, Trends, Growth, Research And Forecast 2033
The new report published by The Business Research Company, titled Frozen Bakery Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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