Meticulous Research® Releases New Report: Frozen Dough Market Set to Reach $37.8 Billion by 2031

Meticulous Research®, a leading global market research firm, has unveiled its latest report titled "Frozen Dough Market-Global Opportunity Analysis and Industry Forecast (2024-2031)". The report projects that the global frozen dough market will soar to $37.8 billion by 2031, registering a compound annual growth rate (CAGR) of 6.6% during the forecast period from 2024 to 2031.

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The growth of this market is primarily attributed to rapid urbanization, the rising popularity of convenience foods, increasing global bakery product consumption, and a surge in demand for ready-to-bake and ready-to-eat products. However, challenges such as the perception that frozen dough products are inferior to freshly baked items and the lack of widespread storage systems are hindering the market's growth. Despite these challenges, the market presents significant opportunities driven by the growing demand for gluten-free and allergen-free options, as well as emerging markets in regions like Asia-Pacific, Latin America, and the Middle East & Africa. On the other hand, the absence of robust cold-chain infrastructure in developing economies remains a critical challenge.

Key trends shaping the future of the frozen dough market include the increasing consumer preference for clean-labeled products and the growing interest in frozen vegan dough alternatives.

Key Market Players
The frozen dough market is highly competitive, with major players such as General Mills, Inc. (U.S.), ARYZTA AG (Switzerland), Nestlé S.A. (Switzerland), Ajinomoto Co., Inc. (Japan), Campbell Soup Company (U.S.), Bridgford Foods Corporation (U.S.), Europastry, S.A. (Spain), Dawn Food Products, Inc. (U.S.), CSM Ingredients S.A.R.L. (Luxembourg), Guttenplan's (U.S.), Lantmännen Unibake International (Denmark), and Okanagan Frozen Dough (Canada).

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Market Segmentation
The report segments the frozen dough market by product type, distribution channel, and geography. By product type, the market is categorized into bread, pizza crusts, rolls & pastries, cookies & biscuits, bagels, and other products. In 2024, the bread segment is projected to hold the largest market share of 30.7%, driven by the convenience, variety, and affordability of frozen bread dough products. These products are not only easy to prepare but can also be tailored to meet specific consumer preferences.

By distribution channel, the market is segmented into business-to-business (B2B) and business-to-consumer (B2C) channels. The B2B segment is expected to dominate in 2024, supported by the rapid expansion of the frozen food trade, particularly in quick service restaurants (QSRs), hotels, cafes, and other food service industries. The increasing reliance on frozen dough by food manufacturers and food service providers is further bolstering the growth of this segment.

Geographic Insights
Geographically, Europe is anticipated to lead the frozen dough market, accounting for the largest share of 40.1% in 2024. This dominance is attributed to the region's strong preference for ready-to-eat food products, the presence of a well-established cold-chain infrastructure, and innovations in frozen food technology. Additionally, the growing demand for health-conscious frozen food options, supported by government regulations, is expected to drive market growth in the region. Europe's busy lifestyles, coupled with a surge in frozen food imports, further solidify its position as a key market for frozen dough products.

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This release was published on openPR.