Frozen Bakery Market Overview: Size, Share, and Detailed Research...

Frozen Bakery Market Overview: Size, Share, and Detailed Research Analysis to 2032

Posted 2024-08-27 05:48:28

Frozen Bakery Market Overview:

The global frozen bakery market is projected to grow at a CAGR of 7.02% and reach USD 34.94 Billion by the end of the forecast period of 2024-2032, as per a research report published by Market Research Future (MRFR).

Market Scope:

The Frozen Bakery Market has been growing continuously on account of increased popularity and consumption of frozen bakery products among consumers across the world. Frozen bakery products have a long shelf life and act as ready-to-eat convenience food which makes it very popular among consumers. Surging preference for artisanal bakery products and development of new flavors and products have led to a growth in the market. Moreover, progress in packaging technology and global air-conditioned supply chains which help in the inhibition of bacterial growth further propel the growth of the market. Growing application of frozen bakery in fast food chains along with the rise in a number of high-end bakery shops augments the demand for frozen bakery market.

Other factors which drive the market growth are low prices of frozen bakery products and easy & environment-friendly manufacturing process. Increasing research and development in the field also boosts the market growth. Development of innovative products and improvement in the quality of frozen products which include enzymes, hydrocolloids, antioxidants and sourdough fermentation has gained popularity among the consumers and impacts the market positively. Preference for conventional and freshly baked product due to rising health awareness is a probable hindrance to the market growth. Increasing concerns over food contamination and adulteration are other limiting factors.

Competitive Landscape:

The global Frozen Bakery Market Companies include Arista AG (U.S.), Flowers Foods, Inc. (U.S.), Lantmannen Unibake, USA, Inc (Denmark), Europastry Sa (Spain), Grupo Bimbo SAB de CV (Mexico), Rich Products (U.S.), Vandemoortele Bakery Products (France), and General Mills, Inc. (U.S.).

Segmentation:

The global frozen bakery market has been segmented based on type, packaging, and application. By type, the market has been segmented into Bread, Rolls & Buns, Cakes & Cupcakes, Muffins & Cupcakes, Cookies & Doughnuts, Pies & Tarts, Sandwiches & Wraps, and others. By packaging, the market has been segmented into Moisture-vapor-proof, Odor-Proof, Temperature-Proof and others. By application, the market has been segmented into Pizza Base, Cake Batter, Burger Buns, Sandwich Slices, Breakfast Foods, Appetizers, Snack Foods, Confectionery, Desserts and others. The pizza-based application segment dominates the frozen bakery market and holds 17% of the market share and is expected to grow at a CAGR 7.09% over the forecast period. High demand for fast food can be attributed to this growth. Frozen desert-based application segment is likely to witness high growth over the forecast period.

Regional Analysis:

The key markets of the global frozen bakery industry include North America, Europe, Asia Pacific and the Rest of the World (RoW). Europe dominates the frozen bakery market and is expected to reach USD 8,000 Million with CAGR of 7.27% by 2023. However, the North American market is expected to grow considerably due to the increasing popularity of bakery products and presence of infrastructure and supply chains. High purchasing power and high disposable income are other factors which are expected to drive the market. The Latin American regions of Argentina, Mexico, Chile, and others are also likely to generate high growth. Japan, China and India lead Asia Pacific market. Growing tourism industry drives the market, however, lower consumption of wheat in the region is expected to hinder the market growth. The Middle East & Africa market is expected to demonstrate high growth due to high consumption and wealth of wheat.

Industry Updates:

• In July 2018, an Oxford-based bakery, Modern Baker received a funding award from an innovation agency Innovate UK for the evaluation of the effect of different freezing processes on the bakery products. The research will assess the impact of freezing on blood glucose response, fiber levels, and nutrition.

• In July 2018, US Highland acquired Supreme Sweets, a commercial bakery which specializes in the frozen bakery. The acquisition is part of US Highland's long-term growth strategy, and it will now focus on expanding its product line, especially gluten-free and low-calorie items.

Related Reports:

Sourdough Market Research Report Information By Type (Type I, Type II, and Type III), By Ingredients (Wheat, Rye, Oats, Barley, and Others), By Application (Bread & Buns, Pizza, Cakes, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032.

エッセンシャルオイル市場調査レポート：タイプ別の情報（オレンジオイル、レモンオイル、ペパーミントオイル、コーンミントオイル、シトロネラオイル、スペアミントオイル、クローブリーフオイル、ユーカリオイルなど）、アプリケーション（食品および飲料、パーソナルケア、アロマテラピー、エアケアなど）および地域（北米、ヨーロッパ、アジア-太平洋とその他の地域）-2027年までの予測

Rapport d'étude de marché sur les céréales pour petit déjeuner : informations par source (blé, riz, avoine, maïs, orge et autres), type d'emballage (boîtes, sachets et autres), canal de distribution (en magasin et hors magasin) et région - Prévisions mondiales jusqu'en 2032

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

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Frozen Bakery Market – Overview:

The demand for bakery products globally is high as they are popular accompaniments to most traditional cuisines and also provide a source for roughage and energy. Reports that review the food, beverage and nutrition industry has been offered by Market Research Future, which generates reports on industry verticals that evaluate the market development and opportunities.

The Frozen Bakery Market is estimated to capture USD 34.94 billion in incomes by the year 2032 while advancing at a CAGR of 7.02% in the forecast period.

The fast-paced lifestyle in metros is a key factor that is found to be encouraging the development of the frozen bakery market globally. Moreover, factors such as requirement for longer shelf-life of bakery products and elevated demand for convenience food products are expected to shape the development of the market in the forecast period.

Segmental Analysis:

The segmentation analysis of the frozen bakery market is carried out on the basis of packaging, type, application and region. Based on the type, the frozen bakery market is segmented into rolls & buns, pies & tarts, bread, cakes & cupcakes, cookies & doughnuts, muffins & cupcakes, sandwiches & wraps, others. The breads segment is expected to witness a top growth rate in the forecast period. By 2023, the bread based frozen bakery will achieve a market worth of over USD 6,000 Million on a worldwide level. Based on the packaging, the frozen bakery market is segmented into temperature-proof, odor-proof, moisture-vapor-proof among others. The temperature-proof packaging type of frozen bakery will control the packaging type segment in the frozen bakery market and is estimated to develop at a rate of 7.11 % for the duration of the forecast period. The application basis of segmenting the frozen bakery market is carried out on the basis of appetizers, cake batter, pizza base, burger buns, snack foods, sandwich slices, breakfast foods, confectionery, desserts and others. Among the segments, the pizza-based application of frozen bakery will carry on to govern the frozen bakery market holding a chief share of 17 %. Based on the regions, the frozen bakery market covers Europe, Asia Pacific, North America, and ROW.

Detailed Regional Analysis:

The regional study of the frozen bakery market comprises of regions such as Europe, Asia Pacific, North America, and ROW. The European region is projected to govern the frozen bakery market globally by holding a majority share of more than 30% accounting for a market quantity valued at more than USD 7,000 million. The North American region will observe the maximum development rate of 7.62% in the frozen bakery market while Asia Pacific region and the rest of the world will observe a reasonable growth rate.

Competitive Analysis:

The global Key Frozen Bakery Market Players are Grupo Bimbo SAB de CV (Mexico), Vandemoortele Bakery Products (France), Arista AG (U.S.), Flowers Foods, Inc. (U.S.), LantmannenUnibake, USA, Inc (Denmark), Rich Products (U.S.), Europastry Sa (Spain) and General Mills, Inc. (U.S.) to name a few.

The level of competitiveness of the environment in the market is expected to be reasonable as there is ample scope for progress. The market is anticipated to display positive signs for market growth in the approaching period. The demographic changes are expected to show a positive effect on the progress of the market. The surge in e-commerce activities is expected to motivate the market in the upcoming years. The fiscal policies that are in effect in the market are expected to lead to a robust pace of development. The leverage created by the companies by deploying marketing strategies and activities is further enhancing the expansion of the market. The enhancement of production facilities is expected to motivate the market’s progress. The trade liberalization in the market and technological developments are expected to encourage the development of the market in the approaching years.