Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 24.94 Billion | USD 42.14 Billion | 6% | 2023 |
According to a report from Zion Market Research, the global Frozen Bakery Additives Market was valued at USD 24.94 Billion in 2023 and is projected to hit USD 42.14 Billion by 2032, with a compound annual growth rate (CAGR) of 6% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Frozen Bakery Additives industry over the next decade.
Frozen bakery additives are used to enhance the shelf life of the food & bakery products. These additives restrict the growth of the bacteria and other humectants and protect food products from drying. Frozen bakery additives are added to improve flavors, colors, appearance, taste, and thickeners of the bakery product. Some of the commonly used bakery additives are emulsifiers and oxidizing agents. These additives assist food manufacturers to add extra life to food products, enhance the quality, and improve nutrition.
The global market for frozen bakery products is expected to grow at moderate rate due to increasing concerns to reduce waste and adopt more increasing concerns in food processing. Escalating demand for processed food, environment-friendly manufacturing process, and quality food at affordable prices may boost the global market growth in coming years. Moreover, exponential growth in the disposable incomes and favorable economic conditions is anticipated to foster the global market growth. Additionally, tremendous opportunities in the frozen bakery additives market coupled with significant technological advancements have helped to influence the global market in a positive way. The increasing use of frozen bakery additives in key applications is contributing to the growth of this market. Furthermore, growing health concerns among the consumers may propel the global frozen bakery additives market growth. However, some factors curtailing the growth of the global frozen bakery additives market are restricted temperature, consolidated market, and PH operational range.
The global frozen bakery additives market has been categorized on the basis of application, product type, and geography. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
On the basis of application, the global market is categorized into frozen cakes, frozen pastry, frozen bread, frozen pizza crust, and other frozen bakery products.
Based on product type, the global market is fragmented as reducing agents, colors & flavors, oxidizing agents, enzymes, emulsifiers, and preservatives. Of these, emulsifiers contributed for the largest market share in the global market. They are used to improve structure and shelf life of food products.
Geographically, the global frozen bakery additives market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Frozen Bakery Additives Market |
Market Size in 2023 | USD 24.94 Billion |
Market Forecast in 2032 | USD 42.14 Billion |
Growth Rate | CAGR of 6% |
Number of Pages | 110 |
Key Companies Covered | Archer Daniels Midland Co., Associated British Foods Plc, E.I. Dupont De Nemours & Company, Puratos Group N.V., Sensient Technologies Corp., and David Michael & Co. Other players include Palsgaard A/S, Lasenor Emul S.L., Purac Biochem B.V., Shenzhen Leveking Bio-Engineering Co. Ltd., Jungbunzlauer AG, and Dow-the Color House |
Segments Covered | By Application, By Product Type And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Europe is estimated to emerge as the fastest growing region owing to higher revenue generator in the last few years for frozen bakery additives. Furthermore, increasing disposable income and rapid urbanization in this region have increased the demand for frozen bakery additives further boosting the growth of the market. The market for frozen bakery additives in North America is anticipated to grow significantly due to increasing economic scenario. Moreover, growth in the market is mainly due to change consumer preferences for processed food due to increased health concerns and busy lifestyle. Asia Pacific contributed for significant market share owing to growing influence of western food culture and changes in food habits, which is expected to impel the demand for frozen bakery additives fueling the global market.
Some of the major companies in the frozen bakery additives market-
Global Frozen Bakery Additives Market: Application Analysis
Global Frozen Bakery Additives Market: Product Type Analysis
FrequentlyAsked Questions
The global market for frozen bakery products is expected to grow at moderate rate due to increasing concerns to reduce waste and adopt more increasing concerns in food processing.
The global Frozen Bakery Additives Market was valued at USD 24.94 Billion in 2023 and is projected to hit USD 42.14 Billion by 2032, with a compound annual growth rate (CAGR) of 6% during the forecast period 2024-2032.
Europe is estimated to emerge as the fastest growing region owing to higher revenue generator in the last few years for frozen bakery additives. Furthermore, increasing disposable income and rapid urbanization in this region have increased the demand for frozen bakery additives further boosting the growth of the market.
Some of the major companies in the frozen bakery additives market are Archer Daniels Midland Co., Associated British Foods Plc, E.I. Dupont De Nemours & Company, Puratos Group N.V., Sensient Technologies Corp., and David Michael & Co. Other players include Palsgaard A/S, Lasenor Emul S.L., Purac Biochem B.V., Shenzhen Leveking Bio-Engineering Co. Ltd., Jungbunzlauer AG, and Dow-the Color House.
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