Global Frozen Bakery Products Market By Product Type (Bread, Pizza Crusts, Pastries, Cakes & Cupcakes, Cookies, Bagels, Doughnuts, Muffins), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Bakery Outlets, Specialty Stores), By End User (Household, Food Service
Published on: 2024-08-04 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Frozen Bakery Products Market By Product Type (Bread, Pizza Crusts, Pastries, Cakes & Cupcakes, Cookies, Bagels, Doughnuts, Muffins), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Bakery Outlets, Specialty Stores), By End User (Household, Food Service
Frozen Bakery Products Market Size and Forecast
Frozen Bakery Products Market size was estimated at USD 23.39 Billion in 2024 and is projected to reach USD 49.45 Billion by 2031, growing at a CAGR of 9.81% from 2024 to 2031.
- Frozen bakery products are pre-baked bread, pastries, and other baked goods that are flash-frozen to preserve freshness and extend shelf life. These items are typically stored in a freezer and require baking or reheating before consumption.
- Frozen bakery products are utilized in various settings. In households, they offer convenience by providing readily available baked goods without the time commitment of baking from scratch.
- Restaurants can leverage frozen options to maintain consistent product quality and reduce preparation times.
- They provide convenience and time-saving benefits. Additionally, frozen products can often be more affordable than their fresh counterparts due to longer shelf life and reduced waste.
- Consistent quality is ensured as the baking process is controlled during manufacturing.
Global Frozen Bakery Products Market Dynamics
The key market dynamics that are shaping the frozen bakery products market include
Key Market Drivers
- Increasing Demand for ConvenienceConvenient food options are increasingly sought by consumers due to busy lifestyles and time constraints. A readily available solution is offered by frozen bakery products, requiring minimal preparation compared to baking from scratch. This trend is particularly influential in urban areas with fast-paced lives.
- Rising Disposable IncomesGlobally, as disposable incomes rise, consumers are provided with more discretionary spending for convenient food options. The growth of the frozen bakery products market is fueled by this increased spending power.
- Expanding Distribution ChannelsAccessibility to frozen bakery products has been increased by the expansion of retail channels, including supermarkets, hypermarkets, and online retailers. Market growth is fostered by this wider availability, making these products more convenient to purchase.
- Product Innovation and DiversificationIn the frozen bakery sector, offerings are constantly innovated and diversified by manufacturers. This includes the introduction of new product lines, catering to dietary restrictions (e.g., gluten-free), and focusing on healthier ingredients. The market remains exciting for consumers and encourages continued growth due to this focus on innovation.
Key Challenges
- Perception of Quality Consumers often hold a perception that frozen bakery products lack the freshness and taste of their homemade or bakery-bought counterparts. This perception can be attributed to a lack of awareness about advancements in freezing technology and the potential impact on taste and texture.
- Cold Chain Management Maintaining a consistent cold chain throughout the supply chain, from manufacturing to final consumption, is crucial for frozen bakery products. Disruptions in temperature control can negatively impact product quality and safety, leading to spoilage and deterring consumer purchase.
- Competition from Fresh Alternatives The frozen bakery market faces constant competition from fresh bakery products readily available in supermarkets and bakeries. This competition can be particularly intense for items like bread and pastries, where consumers may prioritize freshness over convenience.
Key Trends
- Expansion of Healthy Options The market is witnessing a rise in the availability of healthy frozen bakery products. This includes options made with whole grains, gluten-free flour, and reduced sugar content, catering to health-conscious consumers.
- E-commerce Growth Online grocery shopping is becoming increasingly popular, providing a convenient platform for consumers to purchase frozen bakery products. This trend is expected to further propel the market’s growth.
- Focus on Clean-Label Ingredients Consumers are demanding greater transparency in food labeling. This is leading to a rise in frozen bakery products made with clean-label ingredients, free from artificial flavors, colors, and preservatives. Manufacturers are actively reformulating products to cater to this growing preference.
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Global Frozen Bakery Products Market Regional Analysis
Here is a more detailed regional analysis of the frozen bakery products market
Europe
- Europe’s long and rich tradition of bread consumption results in consumers being receptive to convenient options like frozen bread.
- As European lifestyles become busier, the demand for convenient food options like frozen bakery products is increased.
- Access to advanced freezing and packaging technologies ensures high-quality frozen bakery products by European manufacturers.
- Frozen bakery products are prominently stocked by European supermarkets, making them readily available to consumers, further solidifying the region’s dominance in the market.
North America
- Convenience is prioritized by North American consumers, with frozen bakery products meeting this need through readily available baked goods.
- Increased demand for time-saving solutions is driven by busy lifestyles, making frozen bakery products an attractive option for quick meals or snacks.
- Innovation in the frozen bakery sector is constant among North American companies, with new and exciting product varieties being introduced to keep consumers engaged.
Global Frozen Bakery Products MarketSegmentation Analysis
The Global Frozen Bakery Products Market is Segmented Based on Product Type, Distribution Channel, End-Users, and Geography.
Frozen Bakery Products Market, By Product Type
- Bread
- Pizza Crusts
- Pastries
- Cakes & Cupcakes
- Cookies
- Bagels
- Doughnuts
- Muffins
Based on Product Type, the market is segmented into Bread, Pizza Crusts, Pastries, Cakes & Cupcakes, Cookies, Bagels, Doughnuts, and Muffins. The largest market share is held by pizza crusts, attributed to the rising consumption of convenient and quick meal options like pizzas, particularly in Western countries and parts of Asia.
Frozen Bakery Products Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail
- Bakery Outlets
- Specialty Stores
Based on the Distribution Channel, the market is bifurcated into Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Bakery Outlets, and Specialty Stores. The largest market share for frozen bakery products is attributed to supermarkets and hypermarkets. This dominance is credited to the extensive variety of frozen bakery products offered by these stores, catering to a broad customer base who prefer physical selection and inspection of items before purchase.
Frozen Bakery Products Market, By End-Users
- Household
- Food Service Industry
- Bakery
- Catering
Based on End-Users, the market is classified into Household, Food Service Industry, Bakery, and Catering. The food service industry is estimated to hold the largest market share. This is due to the industry’s requirement for consistent quality, convenience of pre-prepared items, and ability to efficiently manage large-scale baking needs.
Frozen Bakery Products Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the Frozen Bakery Products Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest market share is held by Europe, attributed to the historical significance of bread and pastries in European cuisine and the encouragement by EU member nations for the production of these frozen goods.
Key Players
The “Frozen Bakery Products Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Grupo Bimbo S.A.B. De C.V., Europastry, S.A., General Mills Inc., Associated British Foods PLC, Conagra Brands Inc., Lantmannen Unibake International, Kellogg Company, Vandemoortele NV, Premier Foods PLC, and Aryzta AG.
Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, product benchmarking, and SWOT analysis. The competitive landscape section also includes key development strategies, market share analysis, and market positioning analysis of the players above globally.
Frozen Bakery Products Market Recent Developments
- In February 2022, the first range of vegan products was launched by Baker & Baker, the European bakery products manufacturer. The new vegan range includes cookies, doughnuts, and muffins. The products are thawed and served or baked from frozen, with a shelf life of between two and five days.
- In February 2022, new frozen vegan toaster waffles were introduced by the frozen baked goods company Griddle. The waffles are available in three variations – original, blueberry, and chocolate chip. The products contain 40% less sugar than the average waffle. They are made using 100% natural ingredients and contain no artificial colors, flavors, or preservatives.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
Historical Period | 2021-2023 |
Unit | Value (USD Billion) |
Key Companies Profiled | Grupo Bimbo S.A.B. De C.V., Europastry, S.A., General Mills Inc., Associated British Foods PLC, Conagra Brands Inc., Lantmannen Unibake International, Kellogg Company, Vandemoortele NV, Premier Foods PLC, and Aryzta AG. |
Segments Covered | Product Type, Distribution Channel, End-Users, and Geography. |
Customization Scope | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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