According to the latest report by IMARC Group, titled “Frozen Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global frozen bakery products market growth.The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global frozen bakery products market size reached US$ 29.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 39.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Frozen bakery products refer to a range of fast-moving consumer goods (FMCG) that are generally prepared from a combination of several condiments, including emulsifiers, preservatives, flavorings, wheat, sugar, milk, eggs, leavening agents, etc. They comprise donuts, bread, cakes, pastries, etc., that are produced from barley, oats, corn, rice, wheat, rye, etc. These products are convenient for logistics and transportation as compared to fresh bakery products and have ice crystals to prevent microbiological degradation. In line with this, they save storage space by eliminating the need for preserving fresh ingredients. Frozen bakery products are easily digestible and palatable. Consequently, they are widely sold in cafes, restaurants, stores, etc.
Industry Trends & Drivers
The growing need for low-calorie, nutritious, multi-grain, easy-to-prepare, and ready-to-eat (RTE) baked food items with a longer shelf life is primarily driving the frozen bakery products market. Additionally, the rising number of working professionals and the escalating demand for western diets are further catalyzing the market growth. Besides this, the easy availability of frozen bakery products via online and offline distribution channels is acting as another significant growth-inducing factor.
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Moreover, key market players are extensively investing in R&D activities to introduce gluten-free frozen baked goods, which is positively influencing the global market. Apart from this, they are also focusing on advanced bake-off technologies (BOT), such as partially baked frozen bread (PBF) and unfermented frozen dough (UFD), to minimize labor-intensive production, thereby bolstering the market growth. Furthermore, the increasing outsourcing of non-core activities in the food and beverage (F&B) industry is anticipated to fuel the frozen bakery products market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Aryzta AG, Associated British Foods plc, Bridgford Foods Corporation, Conagra Brands Inc., Dawn Food Products Inc., Europastry S.A., Flowers Foods, General Mills Inc., Kellogg Company, Lantmännen, TreeHouse Foods Inc. and Vandemoortele.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Bread and Rolls
- Cakes and Pastries
- Cookies and Biscuits
- Others
Breakup by Distribution Channel:
- Artisan Baker
- Retail
- Catering
- Online Channel
Breakup by End User:
- Retail
- Food Service Industry
- Food Processing Industry
Regional Insights:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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