Frozen Bakery Product Market 2024- Latest Advancement And Analysis By 2032

Global Frozen Bakery Product Market Overview

The Global Frozen Bakery Product market was valued at USD 25.17 billion in 2023 and is expected to reach USD 39.18 billion by the year 2032, at a CAGR of 5.04%.

The food that has been rapid freezing and is kept frozen until consumption or utilized by the consumer. Frozen bakery foods are often packaged before being displayed and in the majority of cases the packaging cover, and protects, the food on display. Moreover, frozen bakery products such as breads and rolls, cakes and pastries, cookies and others have a very limited shelf-life, therefore are not purchased in a large quantity by consumers. In addition, storage of frozen bakery products at a proper temperature is necessary to make certain safety and to overcome wastage. The proper diet depends on different types of food consumed. Bakery products available in sweet, unsweetened and consumption forms such as ready to eat and ready to bake an important part of the proper die.  Moreover, an increasing the growth in frozen bakery products due to fast paced life, hectic schedule and rising bakery food awareness in recent years which is expected to continue in upcoming period. 

Report Coverage:

The global market report of Frozen Bakery Products Market by the Introspective Market Research includes qualitative and quantitative insights. The company also offers a detailed analysis of the market size and growth rate of the possible segments. Different key insights presented in the report are an overview of that related of the market, also competitive rivalry, recent developments, collaboration and mergers.

COVID-19 Impact Analysis of Frozen Bakery Product Market:

The COVID-19 outbreak has influenced different sectors in different manner. Owing to lockdown and restrictions by the government effect on supply chain of frozen bakery products. The shortage of raw materials and labor, and some restrictions on the movement of people, are factors leads to hampering the production of frozen bakery products. The frozen food industry has seen a steady growth between pandemic as people are consuming foods that have a longer shelf life. 

An increase the consumer preference through online purchase for frozen bakery products which resulted to growth record of sales for bakery products by 75% rise, according to America Frozen Food Institute (AFFI). Therefore, growth in online sales for bakery products is the prime driving factor to rise the frozen bakery products market.

Market Dynamics And Factor

Drivers:

An increasing the busy work schedule and changing the work life style, people are shifting towards the ready to eat and ready to bake products which include frozen bakery products also. Owing to easy availability and time saving bakery products utilized by the consumer leads to growth in the market during forecast period.

Switching people to more luxuries and premium product with high quality and safety products which helps to growth in the market. In addition, rising health consciousness among consumers, they are shifted towards the healthy and safe products rather than cheap and unhealthy products which creates the growth path in frozen bakery products market.

Restraints:

An increasing health concerns, rising obese population and increasing problem of childhood obesity are some of the factors hindering the growth of frozen bakery products over forecast period.

Opportunities:

Some of the key players are focusing on offering more healthy products by including natural sweeteners, organic ingredients products also started offering fat-free, protein-based products and cholesterol-free frozen bakery products will create the lucrative opportunities in the frozen bakery products market in upcoming years. For instance, in march 2020, Europastry emerge with Nocilla, Nestle, Ferrero Rocher, Lotus, and Disney to produce products with high matured value and quality.

Market Segmentation

Type Insights

Based on Product Type, bread and rolls segment accounted for the major market share owing to highest demand by the consumers in all region. Bread is a staple food made up of a dough of water and flour. Bread has been a primary food in many nations for a very long period. A rise in demand for bread as frozen bakery due to offering various variety additives such as synthetic chemicals, nuts, fruits which helps to improve the bread texture, flavor as well as shelf life.

Based on Source, wheat is accounted for the largest share due to availability of wheat and high production in respective region, and preference by the consumer for the wheat based frozen bakery product

Based on Category, gluten free products dominate market. Gluten is a protein found in wheat flour and is primarily used for making bakery food items. Gluten has a glue-like characteristic that creates a stickiness and gives the breads ability to rise when they are baked. The consciousness between the consumers regarding gluten causing celiac disease and other digestive health issues is leading the consumers to shift to gluten-free diet products.

Based on Form of Consumption, due to fast paced life and time saving pattern in order to busy life style, ready to eat segment dominate the major share in the market.

Based on End User, retail and food service industry has accounted the largest share in the market. An increasing demand in food service industry for frozen bakery products and easy availability in retail stores such as supermarket, convenience store is expected to growth in market.

Based on Distribution Channels, retail bakery accounted the largest share in the market owing to easy availability for the consumers.

Regional Analysis

Europe region dominate the market share owing to rising demand for comfort food, frozen food, ready to eat food, quick service restaurants, online food delivery services and other factors. According to report published by Food Drink Europe, the food and beverage industry considered for turnover around US$ 1,463.5 billion by 2020 making largest producing industry in Europe.

In North America people are prefers more luxurious and premium product due to high quality and more safer products than cheap products lead to growth in frozen bakery products market. Additionally, high disposal income, and high matured economies such as US, Canada, an increased health awareness leads to growth in market. The growing preference by the consumer towards bakery products including frozen products, high population and availability of raw materials in Asia Pacific region leads to growth in market over forecast period.

In Latin America and Middle East and Africa, peoples are looking for more convenience foods, ready to eat food also growing population in these region leads to growth in the market. Additionally, growing the food service and beverage industry owing to market penetration by the key players and local players helps to fueled growth in frozen bakery food market during projected period.

Players Covered in Frozen Bakery Product market are :

• General Mills
• Aryzta AG
• Grupo Bimbo S.A.B. de C.V.
• Associated British Foods Plc.
• TreeHouse Foods Inc.
• Flower Foods Inc.
• Dawn Foods Products Inc.
• Europastry S.A.
• Lantmannen Unibake International
• Vandemoortele NV.
• Cole’s Quality Foods Inc.
• Bridgford Foods Corporation
• General Mills (USA)
• Aryzta AG (Switzerland)
• Grupo Bimbo S.A.B. de C.V. (Mexico)
• Associated British Foods Plc. (United Kingdom)
• TreeHouse Foods Inc. (USA)
• Flower Foods Inc. (USA)
• Dawn Foods Products Inc. (USA)
• Europastry S.A. (Spain)
• Lantmannen Unibake International (Denmark)
• Vandemoortele NV. (Belgium)
• Cole’s Quality Foods Inc. (USA)
• Bridgford Foods Corporation (USA)
• Conagra Brands Inc. (USA)
• Rich Products Corporation (USA)
• CSM Bakery Solutions (USA)
• Kellogg Company (Eggo) (USA)
• Tyson Foods Inc. (USA)
• Lidl Stiftung & Co. KG (Germany)
• Warburtons Ltd. (United Kingdom)
• Premier Foods plc (United Kingdom)
• McCain Foods Limited (Canada)
• Delifrance (France)
• Conagra Brands Inc. and others major players.

Key Industry Developments:

In January 2024, EQUII, the pioneering complete protein food tech company, announced its partnership with Bridor, the North American leader in high-quality bakery products, to revolutionize the artisanal bakery sector with complete protein baked goods. This collaboration aimed to enhance the nutritional value of bread by introducing higher protein and improved nutrition to North American artisanal bakeries. Leveraging their cutting-edge fermentation technology and state-of-the-art manufacturing capabilities, they sought to address shifting consumer preferences and dietary trends by creating health-focused protein breads and a variety of indulgent bakery products.

In May 2023, Edita Food Industries completed its acquisition of a food company specializing in frozen baked goods last week, according to sources cited by Daily News Egypt. The final agreement was signed, securing 100% of the company's shares for EGP 380 million. Although the company's name has not been disclosed, sources indicated that this acquisition aligns with Edita's expansion strategy, aiming to bolster its business model. The deal is part of Edita's broader growth plan, which includes adding new production lines. The acquisition marks a significant step in Edita's efforts to enhance its market presence and product offerings.