What Has Been the Progress and Growth of the Frozen Bakery Market in Recent Years?
The frozen bakery market has seen considerable growth due to a variety of factors.
•The size of the frozen bakery market has shown significant expansion over the past few years. The prediction is for it to increase from a value of $45.32 billion in 2024 and escalate to a worth of $47.86 billion in 2025 with a compound annual growth rate (CAGR) of 5.6%.
The expansion during the historical period can be tied to the rise of urbanization and fast-paced lifestyles, increased consumer preference for easily prepared foods, the broadening of retail outlets and supermarkets, as well as the enhancement of the cold chain infrastructure.
What Can Be Expected from the Frozen Bakery Market in the Coming Years?
The frozen bakery market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are for the frozen bakery market to experience remarkable expansion in the coming years, reaching a worth of $60.94 billion by 2029 due to a compound annual growth rate (CAGR) of 6.2%.
Factors fueling this growth are anticipated to include the growing trend towards healthier options, online retailing advancements, the shift towards automated production processes in the frozen bakery sector, the provision of customized bakery products according to dietary preferences, and an increase in plant-based and vegan options in the frozen bakery arena. Other important trends to watch during this projected period are advancements in quick-frozen technology, the inception of new frozen bakery items, technological progress in frozen dough production, a focus on sustainable packaging solutions, the emergence of inventive ingredients and flavors, and the adoption of smart packaging for product traceability.
What Are The Leading Drivers Of Growth In The Frozen Bakery Market?
The surge in convenience foods consumption is anticipated to propel the frozen bakery market's expansion in the future. Convenience foods encompass frozen, dried, or canned food items that can be quickly and effortlessly heated and prepared. Due to their ready-to-serve nature, frozen bakery products serve as convenient meal replacements, enabling easy baking or reheating, thereby providing customers freshly baked gourmet meals with nominal effort and time. As an example, Food and Drinks Malaysia by SAIL Group reported in July 2023, at a food and beverage exhibition in Malaysia, that there was a 3.0% volume growth in the convenience food segment in 2023 and it is projected to hit 7,829.2 kg by 2027. Moreover, convenience food's revenue in Malaysia stood at US$31.84 billion in 2022, anticipated to see a rise of 5.49% between 2022–2027. Thus, the escalating consumption of convenience foods fuels the expansion of the frozen bakery market.
How Are The Segments Defined Within The Global Frozen Bakery Market?
The frozen bakery market covered in this report is segmented –
1) By Product: Ready-To-Prove, Ready-To-Bake, Ready-To-Eat
2) By Recipe: Bread, Viennoiserie, Patisserie, Savory Snacks
3) By Category: Gluten Free, Conventional
4) By End-User: Convenience Stores, Hyper markets And Super markets, Artisans Bakers, Hotels, Restaurants And Catering (HORECA), Bakery Chains, Online Channels
Subsegments:
1) By Ready-To-Prove: Frozen Dough, Frozen Croissants, Frozen Bread Rolls
2) By Ready-To-Bake: Frozen Cookies, Frozen Muffins, Frozen Pastries, Frozen Pizzas
3) By Ready-To-Eat: Frozen Cakes, Frozen Brownies, Frozen Desserts
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How Are New Trends Expected To Influence The Growth Of The Frozen Bakery Market?
The primary trend driving the frozen bakery market appears to be product innovation. Key players in this industry are introducing novel products to cement their standing. An illustrative example of this trend is Griddle, a UK company that specializes in frozen baked products. In February 2022, they unveiled new frozen vegan toaster waffles. These waffles are distinctive in their compliance with HFSS regulations, their lower sugar content (40% less than a typical waffle), their fabrication from entirely natural ingredients, and the absence of any artificial colors, flavors or preservatives.
Who Are the Key Players in the Frozen Bakery Market?
Major companies operating in the frozen bakery market include:
• Nestlé SA
• Grupo Bimbo S.A.B. de C.V.
• Associated British Foods PLC
• General Mills Inc.
• Kellogg Company
• Dr. Oetker UK Ltd.
• ConAgra Foods Inc.
• Barilla Group
• Flowers Foods Inc.
• Hillshire Brands Company
• Rich Products Corporation
• Lantmännen Unibake International
• Aryzta AG
• Vandemoortele Inc.
• Froneri International Limited.
• Alpha Baking Company Inc.
• Pepperidge Farm Incorporated
• Europastry SA
• Bridgford Foods Corporation
• H&S Bakery Inc.
• Tasty Baking Company
• Gonnella Baking Co.
• Aunt Bessie's Limited
• Cole's Quality Foods Inc.
• Custom Foods Inc.
What Is The Most Dominant Region In The Frozen Bakery Market?
North America was the largest region in the frozen bakery market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the frozen bakery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
