The market is expected to generate an incremental $ opportunity of US$ 19.46 Bn between 2022 and 2030; growth attributed to increase in convenience and online retail channels
Category: Food & Beverages Published Date : June 2022 ID: CVC-00143-FNB Format: PDF Pages: 295
Frozen Bakery Products Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Frozen Bakery Products Market was worth US$ 24.8 Bn and is expected to grow at a CAGR of 7.5% over the forecast period. The market is expected to hit US$ 44.3 Bn by 2030 end.
Frozen bakery products are increasingly becoming integral to the daily diet worldwide. The busy lifestyle of consumers has contributed to the growth of the bread manufacturing industry to produce new products that could cater to the rise in consumer demand. Cakes, pancakes, and doughnuts are examples of frozen bakery products. These products are popular among the general public due to their broad range and availability.
What are the causes driving the rise in demand for Frozen Bakery Products?
A spiraling preference for convenient meals and the popularity of specialty frozen bakery goods have contributed to the expansion of frozen bakery products.
Processed food has become one of the most popular and convenient food options for today’s hectic lifestyle. As a result of these factors demand for Frozen Bakery Products will inevitably arise. As a result, it is gaining popularity because the frozen bakery is readily available and can be prepared for meals in much less time. The low cost of frozen bakery goods makes them suitable for millennial consumption.
Various socioeconomic variables, such as a busy lifestyle, high disposable income, increased corporations outsourcing non-core activities, and a growing business travel trend, may increase demand for Frozen Bakery Products.
What are the opportunities in the Frozen Bakery Products Market?
The current demand for healthier frozen bread and frozen pizza crust, combined with an increase in bread usage by popular food chains such as Pizza Hut, Dominos, and Subway, may open up new potential for frozen bakery goods and frozen bakery product firms in the future years.
The growth of the frozen food industry as a result of developing countries’ rapidly rising urban households is expected to stimulate demand for frozen bakery items. The rise of the catering and hotel industries among the top end-users will create ample opportunities for the frozen bakery industry.
Manufacturers are investing in fat-free and cholesterol-free frozen bakery products as more people become health-conscious. As a result, newer, healthier recipes have increased sales of frozen baked items.
Why do people like Frozen Bakery Products?
Frozen baked products are easy to prepare and save time. Because of their taste and variety, consumers all around the world are becoming more interested
What are the major challenges confronting the Frozen Bakery Products Market?
Consumers assume that food products treated for a year or more before consumption cannot be nutritious. Because frozen food products are thought to be low in nourishment, consumers prefer freshly baked products. It is owing to the assumption that their nutritional content deteriorates throughout the refrigeration process, which significantly limits market expansion. Because of poor cold chains in some developing and underdeveloped nations, maintaining a steady temperature for frozen bakery products can be challenging. It is expected to be a major impediment to the expansion of the frozen bakery products market.
Why is the Pizza Crust Frozen Bakery Product predicted to grow at the fastest rate?
During the forecast period of 2022-2030, the pizza crust food type is expected to be one of the top-selling goods worldwide for frozen bakery products. Pizza crust sales are predicted to grow at a CAGR of more than 6.5% by 2030. It is largely due to a preference for fast food and a wide range of pizza toppings.
Why is the ready-to-bake sector expected to expand fast throughout the forecast period?
The ready-to-bake segment is the fastest increasing due to increased demand for pre-baked products that require less time during the baking process and allow for the creation of fresh bakery products. The advancement of freezing technology provided the most well-known preservation methods for the bakery business by enhancing product shelf life. Low-temperature freezing technology has increased bakery products’ commercial value while creating a new market for frozen bakery items.
Why will the Speciality Frozen Bakery Products sector likely expand fast throughout the projected period?
Due to an increase in customer choice as an alternative to unhealthy bakery products, the specialty frozen bakery products market is expected to grow exponentially. Economic progress in emerging and mature economies has resulted in a dynamic bread product industry landscape. The rise in consumer health concerns has created a potential growth opportunity for specialty bakery product makers to introduce fortified, gluten-free, organic, low-calorie, and sugar-free products and build a large consumer base. These reasons have increased the number of specialty bakery stores worldwide.
Why is Europe cementing its global dominance in the Frozen Bakery Products Market?
Europe now has the largest regional market share for frozen bread products. Europe is estimated to hold approximately 40.0% of the frozen bakery product industry.
The region’s frozen bread products market will rise as the tourism and catering businesses expand. Countries such as the United Kingdom, Italy, France, Spain, and Germany have emerged as the most profitable markets for frozen bakeries.
The increased demand for easy, ready-to-eat, ready-to-sell and frozen bakery items is boosting the region’s frozen bakery business. Another fueling the proliferation of frozen bakery goods is the increased demand for European delicacies and savory foods from cafes, restaurants, and bakeries.
Which country has promising opportunities in the Asia-Pacific Frozen Bakery Products market?
The Asia Pacific frozen bakery market is predicted to grow significantly in the future years. Much of this is due to the growing Western influence on the lifestyles of ordinary men and women. Aside from that, increased consumer disposable income and willingness to spend on ready-to-eat food will benefit the whole market.
The frozen bakery market is consolidated with few significant corporations dominating the frozen bread sector on a regional scale.
Intra-industry competition is high, which benefits the market. A few significant firms dominate the frozen bread sector on a regional scale. These frozen bakery product firms are using strategic initiatives such as new product development, launches, and divestitures to strengthen their market positions and increase their competitive advantage.
Leading food and beverage firms rely on producing new products suitable to consumer tastes and preferences in key regions.
Some of the key developments that have taken place in the Frozen Bakery Products Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Form of consumption:
By Speciality Type:
By Distribution Channel:
By Region and Country:
Global Frozen Bakery Products Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Form of consumption, Speciality Type, Distribution Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|