USD 23.6 Billion
Frozen Bakery Products Market Size, Share, Growth Analysis, By Product (Breads, Pizza Crust), By Source (Corn, Wheat), By End Use (Retail, Food Service Industry), By Region -Industry Forecast 2024-2031
Report ID:
SQMIG30I2408 |
Region:
Global |
Published Date: December, 2024
Pages:
181
|Tables:
122
|Figures:
72
Frozen Bakery Products Market Insights
Global Frozen Bakery Products Market size was valued at USD 23.6 Billion in 2022 and is poised to grow from USD 25.0 Billion in 2023 to USD 38.06 Billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
The global frozen bakery products market growth is expected to be significantly impacted by the increasing demand from restaurants and other institutional food services. The demand for foodservice providers is likely to increase because of a number of socioeconomic factors, such as busy lifestyles, increasing disposable incomes, and the increasing trend of companies outsourcing non-core activities. Increased popularity in business travel is also driving up demand for convenient, fast usable meal alternatives that in turn further creates demand for frozen bakery items. It is expected that the demand for these products will rise significantly as the number of food service providers in the hotel and restaurant industries increases across the country both domestic and international brands.
With other developments of recent times, such as IQF and microencapsulation technologies that should help extend the frozen product's shelf life, they also present viable products for distribution and longer storage. Besides helping raise the quality of products generally, these innovations shall contribute to consumers' desire to attain greater convenience without any reduction in freshness. Market prospects for frozen bakery items, therefore, are expected to be rapidly growing during the forecasting period. The expectations are that these socioeconomic and technical factors will increase the demand for frozen baked goods especially in the foodservice and hospitality industries.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Retail
Fastest Growth
Food Service Industry
Growth Rate
5.8% CAGR
Global Frozen Bakery Products Market ($ Bn)
Country Share for North America (%)
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Frozen Bakery Products Market Segmental Analysis
The global frozen bakery products market is segmented into product, source, end use, distribution channel, and region. By product, the market is classified into breads, pizza crust, cakes & pastries, waffles, donuts, and cookies. Depending on the source, it is categorized into corn, wheat, barley, and rye. According to end use, the market is divided into retail, food service industry, and food processing industry. As per distribution channel, it is fragmented into hypermarkets/supermarkets, specialty stores, online retailing, and others. Regionally, the market is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Source
Based on the 2023 frozen bakery products analysis, wheat-based goods such as bread, cakes, pastries, and pizza dough dominated the market. This is largely because wheat is accessible, versatile, and can be used in preparing a number of the most in-demand baked products. Wheat products are also highly recognized to various populations globally and form part of the diets of most civilizations. Wheat has an established supply system that has made it widely available. Its use and importance in the creation of frozen baked goods popularized globally are expected to sustain its market dominance as consumers demand more frozen bakery products.
The demand for corn is, however, expected to increase significantly in the gluten-free market. With growing consumer knowledge about gluten sensitivity and dietary preferences toward gluten-free and alternative grains, corn is becoming an important component of frozen baked goods. Being inherently gluten-free, it makes a perfect substitute for baked goods. This trend is also being fueled by the increasing acceptance of plant-based diets and health-conscious eating. In addition, advances in corn-based formulations and processing technology will make it even more attractive and allow it to grab a greater share of the frozen bakery industry in the years ahead.
Analysis By End Use
As per the 2023 frozen bakery products market forecast, the retail sector is leading the market. Customers may buy a range of frozen bakery goods, including bread, cakes, pastries, and pizza dough, from supermarkets, hypermarkets, and convenience stores. Consumer need for time-saving and convenient solutions is the main driver of the retail industry's development. The ideal solution for the increasing demand for rapid dinner options without sacrificing quality is frozen bakery products. Due to the long shelf life of frozen products, the retailers can cater to a large number of consumers. Retail's dominant market position is further fortified by the extensive distribution network and the customers' awareness of frozen baked products.
However, the food service industry is the fastest-growing category in the frozen bakery products industry. This sector includes a wide range of enterprises from cafés to restaurants, lodging facilities, and catering services that are increasingly reliant on frozen bakery products because they are so easy to prepare, convenient, and consistent in quality. This category's growth correlates with the development of the world hospitality industry, business travel, and away-from-home consumption. Frozen bakery products offer a viable solution for foodservice companies seeking to improve efficiency in their operations. The use of frozen bakery products in this sector is likely to increase rapidly over the next few years as more companies enter the foodservice industry.
Global Frozen Bakery Products Market By End Use
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Frozen Bakery Products Market Regional Insights
North America leads in the frozen bakery products market. Bread, cakes, pastries, and pizza dough fall under the many frozen bakeries consumed in the existing frozen food industries of Canada and the United States. In this region, there is excellent demand for convenience foods given that consumers' busy lifestyle demands dishes that are both ready to eat and effortless to prepare. The well-developed retail infrastructure of North America has ensured the wide distribution of frozen bakery products. In addition, advancements in freezing and packaging technology have improved the quality and shelf life of frozen bakery products. As a result, North America continues to hold the top position in the frozen bakery products market.
Contrarily, Europe is expected to maintain its leadership during the forecast period, holding approximately 56.5% of the market share. As bread and pastries are integral to the cultures of many European countries, the region has a long history of producing bakery products. Frozen bakery products are in high demand as customers place a greater value on convenience. Per capita consumption in countries such as France, Germany, and the UK is huge, and Europe has an established base for the manufacture, distribution, and sale of frozen baked goods. In addition, the food service industry in Europe is booming and the continent's market leadership position is further enhanced by increasing demand for frozen baked goods in cafés, restaurants, and lodging facilities.
Global Frozen Bakery Products Market By Geography
- Largest
- Fastest
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Frozen Bakery Products Market Dynamics
Drivers
Time-Saving and Convenient
- The chief drivers for the frozen bakery market are the growth demands for convenience foods. Due to busy lifestyles and an insistence on fast, readymade food products, customers opt for frozen bakery products. These items prove to be ideal for time-strapped households and working individuals, as they are easy to stock, have a long shelf life, and require no cooking.
Growth in the Food Service Industry
- Some of the prominent drivers for the frozen bakery market include growth in the foodservice industry, such as eating establishments, coffee shops, and lodging facilities. As frozen bakery products are uniform in size and form, have a long shelf life, and can be prepared rapidly, foodservice organizations like these more. Foodservice businesses are beginning to use frozen bakery products as part of their menu, where demand for eating away from home is increasing, fueling the growth in this market.
Restraints
Growing Health Concerns
- Expansion of the market for frozen baked products will be limited by increased consciousness in consumers about health and well-being. Health-conscious customers may be deterred by the high level of sugar, trans fats, and preservatives present in most frozen pastry products. The propensity to buy frozen baked products will also be limited by the inclination for fresh, organic and low-processed foods displayed by consumers, especially when customers are health-conscious in respective areas.
High Energy Costs
- Energy-intensive processes, including freezing and refrigeration, are required in frozen baked good production and warehousing. Higher energy costs and environmental issues may affect producers because of their profit erosion. High operating costs will make the final products costly, hence limiting market penetration and making it unaffordable, especially for price-sensitive consumers in target markets.
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Frozen Bakery Products Market Competitive Landscape
The frozen bakery products market has many cooperative and competitive individuals both regionally and globally. When it comes to big corporations in the industry, they are Nestlé, General Mills, and Aryzta, which are completely packed with goods in extensive variety and effective distribution networks. Due to the increasing demands from consumers for healthy to innovative solutions, there has been increased competition prompting companies to invest in research and development. Local players, too, are moving towards expansion to satisfy local tastes and convenience.
Top Player’s Company Profile
- Grupo Bimbo
- General Mills Inc.
- Aryzta Ag
- Europastry, S.A.
- Conagra Brands, Inc.
- Associated British Foods Plc
- Kellogg Company
- Lantmannen Unibake International
- Vandemoortele Nv
- Premier Foods Group Ltd.
- Cargill, Incorporated
- Flowers Foods
- Bridgford Foods Corporation
- Cole's Quality Foods Inc.
- Dawn Food Products Inc.
Recent Developments
- In December 2023, ARYZTA AG said it will invest an estimated EUR 40 million to build and open a new bakery in Perth, Western Australia.
- In November 2023, Délifrance expanded the scope of its business in India. By 2028, Bahri Hospitality, the master franchise owner for the India company, plans to open 30 locations in three different forms.
- In January 2021, Conagra Brands, Inc. and Post Holdings bought the iconic peanut butter brand Peter Pan. This move highlights their commitment to diversification of their holdings and a better position in the market. Conagra Brands, renowned for its extensive range of food items, and Post Holdings, known for its focus on breakfast cereals and other products, have recognized the Peter Pan brand's continued appeal and loyal consumer base.
Frozen Bakery Products Key Market Trends
- Glutton-Free and Health-Conscious Products: Among the main changes witnessed in the frozen bakery products market, there is an increased interest in healthy, gluten-free alternatives. Producers are introducing new healthier frozen bakery products as more and more consumers seek low-sugar, gluten-free, and organic products. The need for these products has inspired development in the industry that answers to changing dietary requirements and preferences.
- Eco-Friendly Packaging and Sustainability: Frozen bakeries markets have more and more turned into the area of sustainability. Consumer-friendly and company-friendly packages with practices are growing day by day in order to reach global goals on sustainability. With an intent to please such green-sensitive customers and reach environmental targets across the globe, sustainable business practices such as recycling packing and decreasing carbon footprints are now implemented in many companies.
Frozen Bakery Products Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the frozen bakery products market outlook is expected to change gradually with the increasing demand for convenience, growth of foodservice sector, and innovations in packaging and freezing technology. North America continues to hold the largest share of the market with its developed infrastructure and strong consumer demand, though urbanization and changing dietary preferences are expected to drive market growth in Europe. However, the market is confronted with challenges of high energy prices and health issues. The market is evolving due to trends such as the growing demand for healthier and gluten-free alternatives and the focus on sustainability. Considering all factors, the market is expected to thrive with innovation and adaptation to shifting customer needs and preferences.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 23.6 Billion |
| Market size value in 2031 | USD 38.06 Billion |
| Growth Rate | 5.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Frozen Bakery Products Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Frozen Bakery Products Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Frozen Bakery Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Frozen Bakery Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Frozen Bakery Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Frozen Bakery Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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