Frozen Bakery Products Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The frozen bakery products market was valued at 21.2 billion in 2022, and a CAGR of 7.6% is expected during the forecast period. Increasing demand for frozen bakery items all over the world due to the hectic schedule of consumers all over the world. Increasing demand for bread manufactured in bakeries and a rise in disposable income are the key causes behind the significant growth in the market.

Rising urbanization and people getting addicted to eat bakery products like breads, biscuits, and butter are driving growth in the market. An increase in the number of convenient retail channels and a rise in online retailing are driving growth in the market. Increasing demand for convenience and healthy food products is driving growth in the market. The increasing trend of e-commerce all over the world has also grown this market significantly.

Growth Drivers

Increasing demand for ready-to-eat and packed food items due to the busy schedules of people all over the world is driving growth in the market. Rising disposable income and increasing urbanization in developing countries and a few of the developed nations have significantly driven the market towards success. Increasing growth in the e-commerce sector and rising demand for bread due to rapidly increasing population is the key cause behind significant growth in the market.

Due to busy lifestyles in continents like Europe, an increasing number of working women is significantly driving market growth. Growing demand from restaurants and other institutional food services will drive the demand for frozen bakery products in the market. The rise in preference for conventional and freshly baked products is hindering market growth. Development of retail channels in the form of hypermarkets and supermarkets is significantly growing the market.

The increasing number of malls and franchises of various food chains in small cities as well is driving growth in the market significantly. The increasing number of working people all over the world due to rapid population growth is the key reason behind the significant growth all over the world. Rising disposable income and rapidly growing urbanization are driving the market towards big success.

Segmentation

By Type

·         Bread

o   Buns

o   Donuts

o   Scones

o   Loaves

·         Pizza Crusts

·         Cakes and Pastries

o   Pies and Tarts

o   Croissant

o   Sponge Cakes

o   Muffins

·         Other Types

Distribution Channel

·         Conventional Stores

o   Mass Merchandisers

o   Grocery Stores

o   Online Retailers

·         Specialty Stores

o   Artisan Bakers

o   Bakery Stores

o   In-Store Bakeries

·         Food Services

o   HORECA

o   Institutional Food Service and Catering

Form of Consumption

·         Ready to Proof

·         Ready to Eat

·         Ready to Bake

Specialty Type

·         Specialty

o   Fortified

o   Gluten-Free

o   Organic

o   Low-Calorie

o   Sugar-Free

·         Non-Specialty

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Middle East and Africa

·         Europe

Frozen Bakery Products by Type Segmentation

On the basis of the type, the frozen bakery products are segmented into breads, pizza crusts, cakes and pastries, and others. Breads are the leading segment and are expected to dominate the market during the forecast period due to rapidly increasing population and increasing demand for bakery products for working men and women. Bread is a staple food that is consumed daily in many cultures around the world, making it a consistent and high-demand product.

Increasing demand for sandwiches and toast due to its versatility is the key reason behind the growth in the market. Frozen bread offers the benefit of longer shelf life without compromising freshness. This appeals to both consumers and retailers, reducing waste and providing convenience. Rising demand for ready-to-eat, and convenience food in the market is significantly driving the growth. Frozen bread is a preferred option due to its simplicity. For both businesses and consumers, frozen bread offers a cost-effective solution compared to purchasing fresh bread daily.

Regional Outlook

On the basis of the regions, the frozen bakery products market is segmented into 5 parts: Asia Pacific, North America, Latin America, the Middle East and Africa, and Europe. Europe accounted for the largest share in the market, where bakery products are prominent components of meals. Rising disposable income in the region and an increasing number of working women are driving growth in the market significantly.

Demand for convenient bakery products in the market is driving the demand significantly in the market. The presence of major key players in the region is the main cause behind the significant growth in the market. Bakery products such as breads, pastries, and cakes are deeply embedded in European culture and diets. Many countries in Europe have a long history of baking traditions, and consumers are used to purchasing frozen bakery items for convenience without sacrificing quality.

Europe has a highly developed and organized retail network, with major supermarket chains and hypermarkets that have extensive freezer sections, allowing for the widespread distribution of frozen bakery products. Europe’s vibrant food service sector, including hotels, restaurants, and cafes, relies heavily on frozen bakery products because they are convenient, reduce waste, and have a longer shelf life. Increased urbanization has led to a rise in out-of-home consumption, driving demand for quick, high-quality bakery products that are easily prepared in restaurants or for takeout.

Asia Pacific is another leading segment due to rising disposable income in emerging economies like India, China, and South Korea. Increasing number of malls, expansion of retail channels like supermarkets and hypermarkets. Increasing population along with rising disposable income is the key cause behind the significant growth in Asia-Pacific countries like China and India. The rising number of working people in the region is the main cause behind the significant growth in the market. Increasing demand for pastries, pizzas, and other bakery items like baked biscuits and sandwiches are the main reason behind the growth in the market.

Another leading region in the market is North America. The United States of America has a well-established food industry, where demand for frozen bakery products is pretty much high.

Key Players

·         General Mills Inc.

·         Grupo Bimbo

·         Aryzta AG

·         Bridgford Food Corporation

·         Cole’s Quality Food Inc.

·         Dawn Food Products Inc.

·         Flowers Foods

·         Cargill, Incorporated

·         Vandemoortele

·         Premiere Foods Group Ltd.

·         Lantmannen Unibake International

·         Europastry S.A.

·         Other Players