Refrigerated/Frozen Dough Products Market Size, Share, Growth Report 2032

Industry Prospective:

The global refrigerated/frozen dough products market size was worth around USD 20.5 billion in 2021 and is predicted to grow to around USD 33.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2030. The report analyzes the global refrigerated/frozen dough products market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the refrigerated/frozen dough products market.

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Refrigerated/Frozen Dough Products Market: Overview

The market for frozen/refrigerated dough products is one of the fastest-growing segments in the food processing industry. Pizza bases, dinner rolls, biscuits, sweet rolls, cookies, and other items fall within the category of refrigerated products. Modern packaging and equipment facilities are used in the refrigeration and freezing of dough. The use of different refrigeration methods extends the shelf life of food goods while reducing food waste.

Key Insights

• As per the analysis shared by our research analyst, the global refrigerated/frozen dough products market is estimated to grow annually at a CAGR of around 5.5% over the forecast period (2022-2030).
• In terms of revenue, the global refrigerated/frozen dough products market size was valued at around USD 20.5 billion in 2021 and is projected to reach USD 33.1 billion, by 2030.
• The major factors that are driving refrigerated dough products are the increasing number of coffee shops, the rise in the consumption of bakery products, and the increasing services of food.
• Based on the product, the bread segment held the largest market share in 2021 and is expected to show its dominance over the forecast period.
• Based on the distribution channel, the food service segment accounted for the largest market share in 2021 and is expected to continue this pattern during the forecast period.
• Based on region, North America is expected to dominate the market during the forecast period.

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Refrigerated/Frozen Dough Products Market: Growth Drivers

Growth of sales channels to drive the market growth

One significant factor anticipated to contribute to the growth of the frozen dough products market in the near future is the expansion of sales channels, with online retail platforms being the fastest-growing segment. Nowadays, a lot of retailers have websites where customers may learn more about the business and its products. Customers are making more online purchases due to the availability of a wide variety of products and price comparisons on internet platforms. For the specific frozen dough bought, this is helpful to the major players as it does away with the necessity for physical outlets or stores while also enabling customers to read reviews left by other users and compare various stores, products, and pricing supplied by various vendors.

Refrigerated/Frozen Dough Products Market: Restraints

Growing preference for conventional, freshly baked products to limit the market growth

Consumers think that food goods that were processed a year or more before being consumed cannot be healthy. Because it is believed that frozen food products lack nourishment, consumers continue to favor freshly baked goods. This is a result of the widespread belief that these foods lose some of their nutritional value during the refrigeration process, which significantly limits the market's expansion.

Refrigerated/Frozen Dough Products Market: Opportunities

The growing trend of veganism provides a lucrative opportunity

Veganism is becoming increasingly popular among consumers, as evidenced by the 500% increase in veganism from 2014 to 2020 during the vegetarian challenge. Up from 1% in 2014, 6% of the US population identified as vegan in 2016. Additionally, in 2021, over 500,000 people signed up for Veganuary’s challenge. This shows that the consumer trend toward vegan or plant-based products is growing and will remain beneficial in the future. Therefore, as people attempt to consume vegan or plant-based diets rather than animal-based foods, demand for frozen dough is predicted to increase in the future, driving the worldwide frozen dough market.

Major producers are also entering the vegan market and producing vegan frozen dough for customers. Additionally, there are a lot of vegan cuisine choices available. The major players sell frozen vegan dough for cookies, pastries, biscuits, and bread, including eating pastry, Hungryroot, and Simple Truth. During the forecast period, these factors are anticipated to enhance the global refrigerated/frozen dough proucts market.

Refrigerated/Frozen Dough Products Market: Challenges

Lack of transport infrastructure support in developing market act as a major restraint for the market growth

An effective supply chain in this sector requires refrigerated storage and transportation. Developing nations in regions like the Asia Pacific, the Gulf, and Latin America, however, do not have an effective transportation infrastructure and are not well connected. While limited capacity and poor quality of the infrastructure increase costs and lengthen transit times, the missing linkages in these networks continue to restrict the options for routes. Thus, act as a major challenge for market expansion.

Refrigerated/Frozen Dough Products Market: Segmentation

The global refrigerated/frozen dough products market is segmented based on the product, distribution channel, and region

Based on the product, the global market is bifurcated into bread, biscuits & cookies, pizza, and others. The bread segment held the largest market share in 2021 and is expected to show its dominance over the forecast period. The significant global consumption of bread doughs is credited with the segment's expansion.

The ease of use of frozen bread doughs is anticipated to fuel market growth. These doughs are also very adaptable to the needs of the customers. Moreover, the bread products' claimed health benefits and appealing appearance are helping them gain popularity. To boost the protein content, add legumes like lentils or chickpeas. The bread market is being driven by these innovations all around the world. Another potential innovation is to stuff the bread. These fillings can have both sweet and savory ingredients. Fat is essential for the majority of filling types. Fillings that are co-extruded with dough before baking can achieve the appropriate bake stability by using fat with an extra emulsifier. Thus, driving the segment growth during the forecast period.

Based on the distribution channel, the global refrigerated/frozen dough products market is categorized into retail and food service. The food service segment accounted for the largest market share in 2021 and is expected to continue this pattern during the forecast period. The growth in the segment is attributable to high product use in the food service industry since it avoids the labor required to prepare a variety of basic materials to make dough. Additionally, using frozen dough does not require additional labor or equipment.

Recent Developments:

• In March 2021, Rudi's Rocky Mountain Bakery, which will bring small batches, of artisanal bread directly from Boulder, Colorado, to your kitchen, has been established by Rudi's Organic Bakery and Rudi's Gluten-Free Bakery. Since more than 40 years ago, Rudi's has led the charge in the effort to increase consumer access to artisanal and gourmet packaged baked goods by delivering healthful goods that are expertly made in the heart of Colorado to pantries all over the country.
• In March 2021, Cérélia, a Paris-based producer of frozen and refrigerated dough, acquired US Waffle, a producer of pancakes and waffles, and received an equity investment from Continental Grain Co. The acquisition will increase the geographical footprint of Cerelia in North America.

Refrigerated/Frozen Dough Products Market Report Scope:

Refrigerated/Frozen Dough Products Market: Regional Analysis

North America is expected to dominate the market during the forecast period

North America held a significant global refrigerated/frozen dough products market share in 2021 and is expected to retain its dominance over the forecast period. The regional growth is mainly attributed to the high product demand. For instance, according to the American Baker’s Association, the $423 billion economic impact of baked products produced and sold in the U.S. Around $3 billion is made by retail bakeries each year, and $31 billion is sold by commercial bakeries. Moreover, one of the major factors driving the market's expansion is the accessibility of ready-to-cook foods.

Additionally, the region's high employment rate leads to significant demand for and usage of these products, which contributes to the market's overall expansion. As per the US Bureau of Labor Statistics, the employment rate in the United States increased to 60.10% in December from 59.90% in November of 2022. Additionally, the region's high internet penetration rate and increasing use of online meal-ordering platforms are anticipated to spur growth.

Besides, the Asia Pacific is expected to grow at the highest CAGR during the forecast period. The region is expanding as a result of consumers' rising disposable income. Consumer spending on frozen foods has expanded along with levels of disposable income, boosting the domestic market. Moreover, other important aspects influencing the region's growth include shifting lifestyles, increasing adoption, and the popularity of western cuisine. It is also anticipated that the growing availability of fast food options from a variety of food services in developing nations will increase regional product demand.

Refrigerated/Frozen Dough Products Market: Competitive Analysis

The global refrigerated/frozen dough products market is dominated by players like:

• General Mills Inc.
• ConAgra Brands Inc.
• Nestle S.A.
• Flowers Foods Inc.
• Grupo Bimbo S.A.B. de C.V.
• George Weston Limited
• J.M. Smucker Co.
• Rich Products Corp.
• Pinnacle Foods Inc.
• Maple Leaf Foods Inc.
• Kontos Foods Inc.
• Gonnella Baking Co.
• Europastry
• Dr. Schär
• Goosebumps Store
• Custom Foods Inc.
• Earthgrains Refrigerated Dough Products, L.P.
• Swiss Gastro Bakery Beijing Co.,Ltd
• Boulder Brands

The global refrigerated/frozen dough products market is segmented as follows:

By Product

• Bread
• Biscuits & Cookies
• Pizza
• Others

By Distribution Channel

• Retail
  • Supermarket & Hypermarkets
  • Convenience Stores
  • Bakery Stores
  • Online
• Food Service

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa