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Emerging Growth Trends Driving Expansion in the Frozen Bakery Market
Frozen Bakery
Market Size and Growth Outlook for the Frozen Bakery Market
The frozen bakery market is projected to experience robust growth, reaching $60.41 billion by 2029 at a compound annual growth rate (CAGR) of 6.2%. This expansion is fueled by several factors, including the growing popularity of clean-label and health-focused products, the rise of online sales channels for frozen bakery goods, increased automation in production, and customization options tailored to specific dietary needs. Additionally, the surge in plant-based and vegan frozen bakery items is contributing to the market's strong upward trajectory. Key trends impacting this market encompass advancements in quick-freezing techniques, innovative product development, enhanced frozen dough technologies, a push toward sustainable packaging, the introduction of new ingredients and flavors, and the use of smart packaging to improve traceability.
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Leading Players Influencing the Frozen Bakery Industry
The frozen bakery market features a number of prominent companies driving innovation and growth. These 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., and Custom Foods Inc. A notable development occurred in December 2022 when Europastry, a Spain-based frozen foods manufacturer, acquired the frozen manufacturing segment from Dawn Foods, a US-based frozen bakery producer. This acquisition aims to strengthen Europastry's presence in the American retail and food service bakery markets by adding Dawn Foods' frozen muffins, cookies, and brownies to its offerings.
Product Innovations Leading the Way in Frozen Bakery Trends
Innovation is playing a pivotal role in shaping the future of the frozen bakery market. Companies are actively developing new products to capture consumer interest and address evolving preferences. For instance, in February 2022, Griddle, a UK frozen baked goods brand, introduced frozen vegan toaster waffles. These waffles stand out due to being HFSS-compliant, containing 40% less sugar than typical waffles, made entirely from natural ingredients, and free from artificial colors, flavors, and preservatives. Such product advances reflect the sector's focus on health-conscious and sustainable options.
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Key Segmentation Categories in the Global Frozen Bakery Market
The frozen bakery market is segmented across several dimensions to better understand its structure and consumer base. By product type, it includes Ready-To-Prove, Ready-To-Bake, and Ready-To-Eat categories. Recipe-wise, the market covers Bread, Viennoiserie, Patisserie, and Savory Snacks. It is also divided by category into Gluten-Free and Conventional products. Regarding end-users, the market serves Convenience Stores, Hypermarkets and Supermarkets, Artisan Bakers, Hotels, Restaurants and Catering (HORECA), Bakery Chains, and Online Channels. Further subsegments specify product types such as Frozen Dough, Frozen Croissants, and Frozen Bread Rolls under Ready-To-Prove; Frozen Cookies, Frozen Muffins, Frozen Pastries, and Frozen Pizzas under Ready-To-Bake; and Frozen Cakes, Frozen Brownies, and Frozen Desserts under Ready-To-Eat.
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With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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