The frozen bakery product market was valued at USD 22.3 billion in 2021 and is expected to reach the value of USD 35.01 billion by 2029, at a CAGR of 5.8% during the forecast period of 2022-2029.
Frozen Bakery Product Market Dynamics
Drivers
- Rising popularity of low-fat Bakery Products
The rising tide of convenience food consumption began in the western countries and quickly spread to other parts of the world. Consumers prefer convenience foods because they are easy to eat and have nutritious content, versatility, and commodity appeal.
- Rising disposable income and rising urbanisation
Another important factor is the growing demand for longer shelf life, and frozen bakery products meet both of these needs, which will accelerate the frozen bakery products market's growth rate. The rise in disposable income and increasing urbanisation will boost the frozen bakery products market's growth rate
Opportunity
The increasing popularity of convenience foods and the rising number of job seekers is expected to drive demand for frozen baking items. The frozen bakery market offers well-established in-store bakeries, coffee shops, cafes, and quick-service restaurants. These outlets are quickly recognizing the opportunity associated with frozen baked goods: greater comfort, affordability, and a wide range of product variability.
Restraints
Consumers believe that food products that have been processed for a year or more before consumption cannot be nutritious. As frozen food products are thought to be low in nutrition, consumers prefer freshly baked products.
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Market Analysis and Size
The bakery industry is one of the world's largest food industries, with a wide range of production scales and processes. The rapid expansion of the bakery processing industry has created new opportunities for innovative manufacturing and processing techniques. The rising per capita consumption of bakery products indicates the market's untapped growth potential for frozen bakery products.
Frozen Bakery Product Market Scope
The frozen bakery product market is segmented on the basis of product type, category and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Breads & Rolls
- Pizza & Pizza Crust
- Cakes & Pastries
- Cookies & Biscuits
- others
Category
- Conventional
- Gluten-Free
Distribution channel
- Supermarket/Hypermarket
- Convenience Stores
- Cafes & Bakery Shops
- Online
- Others
Competitive Landscape and Frozen Bakery Product Market Share Analysis
The frozen bakery product market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to frozen bakery product market.
Some of the major players operating in the frozen bakery product market are:
- Kellogg Co. (U.S)
- db. co. in (U.S)
- Conagra Brands, Inc. (US)
- London Dairy Co. Ltd (UK)
- Danone SA (France)
- ADM (U.S)
- Dahiya Foods Inc. (Canada)
- Grupo Bimbo S.A.B.de C.V.(Mexico)
- Associated British Foods PLC (UK)
- General Mills Inc. (US)
- Litmanen Unbaked (Denmark)
- Aryzta AG (Switzerland)
- Unbaked NV (Belgium)
- Euro pastry S.A. (Spain)
- Cole’s Quality Food Inc. (US)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Dynamics
Ø Chapter Three: Market Analysis & Size
Ø Chapter Four: Market Scope
Ø Chapter five: Market Share Analysis
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