IMARC Group, a leading market research company, has recently releases a report titled “Global Frozen Bakery Products Market Report 2023: Industry Trends and Growth till 2028.” The study provides a detailed analysis of the industry, including the global frozen bakery products industry growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Frozen Bakery Products Market
Frozen bakery products refer to baked goods that are prepared and frozen, allowing them to maintain their freshness and quality for an extended period. This category includes items such as bread, pastries, cakes, and muffins, which can be easily reheated and cooked before consumption. Compared to their fresh counterparts, these frozen products have a significantly longer shelf life, reducing wastage and enabling both consumers and retailers to stock up, ensuring continuous availability.
These products offer consistent quality, taste, and texture, providing the convenience of a “heat and eat” option. This not only saves preparation time and effort but also ensures a quick and high-quality meal or snack experience. Whether at home or in large-scale catering services for events or institutional settings, frozen bakery products are a convenient choice due to their reliability and uniformity.
How Big Is the Frozen Bakery Products Market?
The global frozen bakery products market size reached US$ 29.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Global Industry Trends and Drivers:
The demand for convenient food options like frozen bakery products is surging due to rapid urbanization and the expanding working population. As people work longer hours, the traditional practice of baking at home diminishes, leading to a higher reliance on ready-made solutions. Busy lifestyles are prompting individuals to seek easy-to-prepare and ready-to-eat (RTE) food items. Producers are responding to health-conscious consumers by incorporating healthier ingredients such as whole grains and reduced sugar, enhancing the appeal of these products.
The rise of e-commerce and the growing reliance on online retail channels are contributing to a positive market outlook. Online grocery shopping allows consumers to effortlessly purchase and replenish their frozen bakery items. Improvements in logistics and supply chain efficiencies facilitate the seamless distribution of these products, making them accessible to a larger population. Additionally, niche markets like keto-friendly, organic, and culturally specific frozen bakery products are emerging to cater to specialized consumer needs.
What Is Included In Market Segmentation?
The report has been segmented the market into the 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
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
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.
