Global Frozen Bakery Market to Reach $60.94 Billion by 2029, Growing at 6% CAGR

What industry-specific factors are fueling the growth of the frozen bakery market?
The rise in consumption of easy-to-prepare foods is projected to fuel the expansion of the frozen bakery market. These convenience foods, which are typically frozen, dried, or canned, can be quickly warmed up and put together. Because these frozen bakery items are pre-made, they serve as handy substitutes for regular meals. They make baking or heating up quick and easy, giving consumers the enjoyment of freshly baked goods with minimal effort and time. For instance, Food and Drinks Malaysia by SAIL Group reported in July 2023, during a food and beverage exhibition in Malaysia, that the convenience food sector experienced a volume increase of 3.0% in 2023 and is projected to hit 7,829.2 kg by 2027. Moreover, convenience food revenue in Malaysia reached US$31.84 billion in 2022 and is expected to surge by 5.49% from 2022 to 2027. As such, the upswing in convenience food consumption is propelling the frozen bakery market's growth.

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What Is the projected market size and growth rate for the frozen bakery market?
The size of the frozen bakery market has seen a robust expansion lately. It is anticipated to rise from $45.32 billion in 2024 to $47.86 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 5.6%. The past growth can be credited to the surge in urbanization and hectic lifestyle patterns, amplified consumer inclination towards convenience foods, the growth of retail outlets and supermarkets, and advancements in the cold chain infrastructure.

The value of the frozen bakery market is predicted to surge dramatically in the coming years, reaching $60.94 billion by 2029 with a compound annual growth rate (CAGR) of 6.2%. This projected expansion during the forecast period can be attributed to several factors such as the rising preference for clean labels and health-conscious choices, the burgeoning growth in online retail of frozen bakery goods, the incorporation of automation in the production of frozen bakery items, the customization of these products to cater to diverse dietary preferences, and the proliferation of plant-based and vegan offerings in the frozen bakery segment. Noteworthy trends foreseen during this period encompass advancements in quick-freeze technology, the creation of inventive frozen bakery goods, technological leap in producing frozen dough, focus on eco-friendly packaging solutions, application of unique ingredients and flavors, and amalgamation of smart packaging for product tracking.

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What new trends are reshaping the frozen bakery market and its opportunities?
In the domain of the frozen bakery market, a primary trend that's witnessing a surge in popularity revolves around product inventions. To solidify their stance in this market, prominent enterprises are launching exceptional products. For example, in February 2022, Griddle, an enterprise based in the UK that specializes in frozen baked commodities, debuted its frozen vegan toaster waffles. The highlights of these waffles include their compliance with the HFSS standard, 40% reduced sugar content compared to the norm, production using entirely natural ingredients, and absence of artificial colors, flavors, or preservatives.

What major market segments define the scope and growth of the frozen bakery market?
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, Hyper markets And Super markets, Artisans Bakers, Hotels, Restaurants And Catering (HORECA), Bakery Chains, Online Channels

Subsegments:
1) By Ready-To-Prove: Frozen Dough, Frozen Croissants, Frozen Bread Rolls
2) By Ready-To-Bake: Frozen Cookies, Frozen Muffins, Frozen Pastries, Frozen Pizzas
3) By Ready-To-Eat: Frozen Cakes, Frozen Brownies, Frozen Desserts

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Which region dominates the frozen bakery market?
North America was the largest region in the frozen bakery market in 2024. 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

Which key market leaders are driving the frozen bakery industry growth?
Major companies operating in the frozen bakery market include 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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What Is Covered In The Frozen Bakery Global Market Report?

• Market Size Forecast: Examine the frozen bakery market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the frozen bakery market for a structured understanding.
• Key Players Overview: Analyze major players in the frozen bakery market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the frozen bakery market.
• Segment Contributions: Evaluate how different segments drive overall growth in the frozen bakery market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the frozen bakery market.
• Industry Challenges: Identify potential risks and obstacles affecting the frozen bakery market.
• Competitive Landscape: Review strategic developments in the frozen bakery market, including expansions, agreements, and new product launches.

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