Frozen pastries such as pies, cakes, and tarts are popular bakery products that can be conveniently prepared and consumed. They have a long shelf life and provide desirable taste and texture. The growing awareness about health benefits of consuming bakery products and rising demand for convenience food are propelling the demand for frozen pastries.

The global Frozen Pastries Market is estimated to be valued at US$ 31.63 Bn in 2023 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growing e-commerce industry has significantly contributed to the growth of the frozen pastries market. E-commerce platforms provide convenience in shopping and a wide variety of options to choose from. This has encouraged many frozen pastries manufacturers to sell their products online. They invest in innovative packaging solutions to protect products during transportation. Online retailers also focus on quick delivery and attractive offers that boost product sales. The easy availability of frozen pastries through e-commerce is a major trend that is expected to drive the market substantially over the forecast period.

SWOT Analysis
Strength: The frozen pastries market offers convenience to consumers as frozen pastries have long shelf life and do not require immediate baking. This convenience factor is a major strength.

Weakness: The taste and texture of frozen pastries is often inferior compared to fresh bakery products. This limits their acceptance among customers.

Opportunity: Rising health consciousness is increasing the demand for frozen pastries with healthier ingredients like whole grains, nuts and less sugar. This presents an opportunity for manufacturers.

Threats: Volatility in prices of agricultural commodities used as raw materials for pastries increases production costs, posing a threat.

Key Takeaways
The Global Frozen Pastries Market Size is expected to witness high growth. The market size is projected to reach US$ 31.63 Bn by 2024 registering a CAGR of 7.5% during the forecast period of 2023 to 2030.

Regional analysis: North America dominates the frozen pastries market currently owing to busy lifestyles and increased demand for convenience foods in the region. The United States accounts for the largest market share currently. However, Asia Pacific region is expected to witness the fastest growth in the frozen pastries market led by countries like China and India. Rising incomes and shift towards western diet is driving the demand.

Key players: Key players operating in the frozen pastries market are Pfizer Inc., TherapeuticsMD Inc., Allergan plc (AbbVie Inc.), Duchesnay USA, Novo Nordisk A/S, Merck & Co., Inc., Endoceutics Inc., Bausch Health Companies Inc., Mylan N.V., Teva Pharmaceutical Industries Ltd. These companies are focusing on new product launches and expanding to emerging markets through partnerships and acquisitions to increase their market share.

For more Insights, Read –

https://www.rapidwebwire.com/frozen-pastries-market-trends-size-and-share-analysis/