According to the latest report by IMARC Group, titled “Frozen Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global frozen bakery products market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global frozen bakery products market size reached US$ 29.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 39.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Frozen bakery products are pre-cooked food items prepared from various ingredients such as milk, rice, eggs, wheat, sugar, barley, preservatives, oats, flavorings, rye, corn, and emulsifiers. They include cornbread, biscuits, croissant cakes, tarts, bagels, cookies, bread, cinnamon rolls, donuts, pastries, and muffins. They are convenient and sustainable, have a longer shelf life, and maintain flavor and nutritional profile by reducing microbial growth.
They are also rich in calcium, proteins, carbohydrates, and fiber which help to regulate weight and mitigate the risk of obesity. As a result, frozen food products are gaining immense traction and are widely available in retail, catering, online channels, food service, and the processing industry across the globe.
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The market is primarily driven by the significant expansion in the food and beverage (F&B) industry due to increasing demand for multi-grain, nutritious, convenient, ready-to-eat (RTE) frozen food products. In addition, the growing preference and changing tastes on account of busy work-life schedules, rising disposable incomes, and the surging trend of snacking between meals are contributing to market growth.
Moreover, the introduction of gluten- or fat-free product variants and advanced bake-off technologies (BOT), such as unfermented frozen dough (UFD), and partially baked frozen bread (PBF), represents another major growth-inducing factor. Besides this, the incorporation of modern machines, microencapsulation technology, and individually quick frozen (IQF) systems to replace traditional baking practices are providing a positive thrust to the market growth. Furthermore, extensive investment in research and development (R&D) activities and mergers and acquisitions among leading market players are also creating a favorable market outlook.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
|Frozen bakery products Market Report Scope|
|Market size value in 2022||US$ 29.7 Billion|
|Market forecast in 2028||US$ 39.6 Billion|
|Growth Rate||CAGR of 4.3% from 2023 to 2028|
|Base year for estimation||2022|
|Report coverage||Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends|
|Segments covered||Product Type, Distribution Channel And End User|
|Regional scope||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Key companies profiled||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.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization purview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Product Type:
- Bread and Rolls
- Cakes and Pastries
- Cookies and Biscuits
Market Breakup by Distribution Channel:
- Artisan Baker
- Online Channel
Industry Breakup by End User:
- Food Service Industry
- Food Processing Industry
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.
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