Frozen Bakery Market Set for Steady Growth: Projected to Reach US$ 35.28 Billion by 2029

The global Frozen Bakery Market is poised for significant growth, with a projected revenue of US$ 35.28 billion by 2029. The market, valued at US$ 23.62 billion in 2022, is anticipated to grow at a steady rate of 5.9% from 2022 to 2029.

Market Dynamics:

  • Rising Urbanization and Inclination Towards Convenience Foods: The global shift towards urban living, coupled with a growing preference for convenience foods, is propelling the frozen bakery market. The ease of portability and extended shelf life of frozen bakery products align with the needs of an increasingly urbanized and time-constrained population.

  • Growth of Various Retail Channels: The expansion of modern retail channels, such as supermarkets and hypermarkets, is a key factor driving market growth. Established grocery chains in emerging nations are contributing to increased consumption of packaged and frozen food products.

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Frozen Bakery Market Scope:

Competitive analysis of the Frozen Bakery Market which gives insides to new players about sharks present in the market with their financial health, revenue, technological advancements, mergers and acquisitions, recent developments, marketing tactics, alliances, and joint ventures.

The Frozen Bakery Market report consists of microanalysis with accurate illustrations, graphs and simple-to-grasp language which helps users to understand the key points and overall aspects of the industry, this report is carved using history, consumer habits, & market volatility.

The Frozen Bakery Market report consists of the analysis of restraints, opportunities, challenges, and risks with the help of SWOT analysis and Porter's Five Forces analysis, which are standard & prominent full-proof methods to provide analysis of the market.

Frozen Bakery Market Segmentation:

by Type

Bread
Buns
Donuts
Scones
Loaves
Pizza crusts
Cakes & pastries
Pies & tarts
Croissants
Sponge cakes
Muffins
Other types

By category, it is anticipated that the bread market will surpass USD 46 billion by 2029. The demand for healthier frozen bread has increased in recent years, and Pizza Hut, Burger King, Dominos, and other food chains have been consuming more bread. These developments will present new opportunities for frozen food manufacturers in the years to come.The frozen bread and frozen pastries segments are predicted to grow at a faster pace than the frozen pizza crust segment. In the West, a lot of people enjoy eating frozen pizza on a regular basis. Throughout the projection period, these factors are driving the type segment.

by Product

Ready-to-prove
Ready-to-bake
Ready-to-eat

During the projection period, the Ready-to-eat product segment is expected to grow at a notable pace. The demand for frozen baked goods is rising globally as a result of customers' growing preference for ready-to-eat (RTE) and ready-to-bake products due to busy lives and demanding work schedules. The market is anticipated to be driven by the expanding working population, especially working women. Moreover, the market's expansion has been greatly aided by the existence of notable corporations.

by End-user

Convenience stores
Hypermarkets & supermarkets
Artisans bakers
Hotels, Restaurants & Catering (HORECA)
Bakery chains

Convenience stores, hypermarkets, supermarkets, artisan bakers, bakery chains, hotels, restaurants, and catering are the four end-user segments that make up the frozen bakery market (HORECA). In 2022, sales of frozen bread products through supermarkets and hypermarkets made up more than 43% of total sales. Supermarkets and hypermarkets specialise in a wide range of frozen bakery goods. The increased inclination of consumers to shop at supermarkets and hypermarkets for premium goods is anticipated to boost market expansion over the course of the projection period.

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Frozen Bakery Key Players are:

1. Cole’s Quality Foods Inc.
2. General Mills Inc.
3. Flowers Foods
4. Europastry S.A.
5. Barilla Holdings Spa
6. General Waffel Manufactory
7. Vandemoortele NV
8. American Desserts
9. Associated British Foods plc
10.Bridgford Foods Corporation
11.Premier Foods plc
12.Cargill Incorporated
13.Conagra Brands Inc.
14.Alpha Baking Company Inc.
15.Kellogg Company
16.LantmannenUnibake International
17.Grupo Bimbo S.A.B. de C.V.
18.Aryzta A

Regional Analysis:

The report assists in planning and implementing new strategies which are suitable and appropriately applicable according to specific countries and regions in the market.

The detailed regional analysis provided in the report aids stakeholders, new entrants, investors, entrepreneurs, researchers, market followers and players in an easy illustration of various elements of the market, presenting a future outlook with expected risks and trends in the Market.

A competitive regional analysis of the Frozen Bakery Market was conducted listing competitors in the market along with new entrants. A comprehensive analysis is effective to gain a comprehensive understanding of the market structure and growth strategies of various players.

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Key Questions answered in the Frozen Bakery Market Report are:

What is Frozen Bakery Market?
What is the forecast period of the Frozen Bakery Market?
What is the competitive scenario of the Frozen Bakery Market?
Which region held the largest market share in the Frozen Bakery Market?
What are the opportunities for the Frozen Bakery Market?
What factors are affecting the Frozen Bakery Market growth?
Who are the key players of the Frozen Bakery Market?
Which company held the largest share in the Frozen Bakery Market?
What will be the CAGR of the Frozen Bakery Market during the forecast period?
What key trends are likely to emerge in the Frozen Bakery Market in the coming years?

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