Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 25.02 Billion | USD 41.56 Billion | 5.80% | 2023 |
The global frozen bakery products market size was worth around USD 25.02 billion in 2023 and is predicted to grow to around USD 41.56 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.80% between 2024 and 2032.
Frozen bakery consists of products that can be kept for a longer time as compared to fresh or normal bakery products. Frozen methods have several advantages over normal bakery products such as better quality, easy availability, reasonable price, and environment-friendly manufacturing process. These significant benefits of frozen bakery products drive the overall market growth prominently over the forecast period.
The study includes drivers and restraints for the frozen bakery products market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and threats to the frozen bakery products market on a global level.
The market for global frozen bakery products is primarily driven by the rising preference for convenience food such as bakery & confectionery products among the population. Moreover, the increase in coffee shop chains across the world and the growing demand for frozen bakery products are expected to gain more value during the forecast period. In addition, the development of retail channels and industrial catering channels are some imperative factors driving the global frozen bakery products market within the forecast period. However, raw material prices of bakery products and preference for freshly prepared bakery products could hamper the global frozen bakery products market.
To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the frozen bakery products market has also been included. The study encompasses a market attractiveness analysis, wherein type, product segments, and distribution channel segments are benchmarked based on their market size, growth rate, and general attractiveness.
The global frozen bakery products market is divided on the basis of type, products, and distribution channel. Based on the type, the market is fragmented into freezing pastries, frigid bread, cold pizza crust, frigid cake, and others. Among them, cold pizza crust holds the dominant market share owing to the high consumption rate which depends on the overall economic growth, an evolution of food culture, and change in lifestyle. These are key factors contributing to the overall market growth of global frozen bakery products.
On the basis of the product, the global market is categorized into buns, donuts, rolls, and others. Among these buns and rolls are the fastest-growing segments. This growth is attributed to a rising preference for convenient and grab-on-the-go food in the breakfast menu across the world due to a busy lifestyle and reasonable prices.
Based on the distribution channel, the global frozen bakery products market is divided into industrial catering, baker’s shops, caterers & bakers, and retailers. Among them, retailers are the fastest-growing distribution channel in the market. Retailers including convenience stores, supermarkets, and hypermarkets, are major distribution channels across the globe. Easy access to frozen bakery products, availability of varieties, and access to national & international brands are imperative factors driving the market growth during the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Frozen Bakery Products Market |
Market Size in 2023 | USD 25.02 Billion |
Market Forecast in 2032 | USD 41.56 Billion |
Growth Rate | CAGR of 5.80% |
Number of Pages | 220 |
Key Companies Covered | Premier Foods Plc, Flowers Foods Inc., Lantmannen, Europastry, Findus Group Quality foods Cole Inc., Vaasan Oy, Maple Leaf Foods Inc., Cargill Incorporated, Bridgford Foods Corporation, Oetker-Gruppe, Aryzta AG, Lantmannen Unibake, Warburtons Baked, Deloris frigid dough products, Associated British Foods Plc., Alpha Baking Company Inc., Grupo Bimbo, Pepperidge Farm, General Mills Inc., Barilla Holding SpA, General Mills Inc., Custom Foods Inc., Talos ZAO, Kellogg Company, and others. |
Segments Covered | By Type, By Product Type, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The 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 |
By geography, the global frozen bakery products market finds its market scope in Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. Europe is the fastest-growing region in the market owing to factors such as strong economic development, demand for processed food, and a busy lifestyle population. Following Europe, North America and the Asia Pacific are expected to attain more market shares during the forecast period.
The global frozen bakery products market is dominated by players like:
The detailed description of players includes parameters such as company overview, financial overview, business strategies and recent developments of the company.
This report segments the Global frozen bakery products market as follows:
Global Frozen Bakery Products Market: Type Segment Analysis
Global Frozen Bakery Products Market: Product Type Segment Analysis
Global Frozen Bakery Products Market: Distribution Channel Segment Analysis
Global Frozen Bakery Products Market: Regional Segment Analysis
FrequentlyAsked Questions
Frozen bakery products are available in two formats: ready-to-thaw-and-serve or bake-off. Frozen bakery items are used to preserve freshness and have a shelf life of 6-12 months, making them appealing for wholesale distribution.
According to a study, the global frozen bakery products market size was worth around USD 25.02 billion in 2023 and is expected to reach USD 41.56 billion by 2032.
The global frozen bakery products market is expected to grow at a CAGR of 5.80% during the forecast period.
Europe is expected to dominate the frozen bakery products market over the forecast period.
Leading players in the global frozen bakery products market include Premier Foods Plc, Flowers Foods Inc., Lantmannen, Europastry, Findus Group Quality foods Cole Inc., Vaasan Oy, Maple Leaf Foods Inc., Cargill Incorporated, Bridgford Foods Corporation, Oetker-Gruppe, Aryzta AG, Lantmannen Unibake, Warburtons Baked, Deloris frigid dough products, Associated British Foods Plc., Alpha Baking Company Inc., Grupo Bimbo, Pepperidge Farm, General Mills Inc., Barilla Holding SpA, General Mills Inc., Custom Foods Inc., Talos ZAO, and Kellogg Company, among others.
The frozen bakery products market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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