Frozen Bakery Products Market Forecasts to 2028 – Global Analysis By Source (Corn, Rye), Product (Pretzels, Waffles, Pizza Crust), End User (Hotels and Restaurants, QSR), Channel (Departmental Stores, Catering) and By Geography
According to Stratistics MRC, the Global Frozen Bakery Products Market is accounted for $38,319.36 million in 2020 and is expected to reach $62,003.25 million by 2028 growing at a CAGR of 6.2% during the forecast period. Growing adoption of convenience foods, increase in consumption of frozen bakery products and extended shelf lives of products are driving the market growth. However, high production costs and increase in preference for conventional and freshly baked products are hampering the growth of the market.
Frozen bakery products are conventional bakery products that are frozen to preserve the nutrients and avoid spoilage caused by microbial growth. These products usually do not contain any harmful preservatives and rich in nutrition and available in variety of tastes and maintains flavors of the original product. Frozen bakery food products are as per name they are prepared, frozen, and packed so that the consumers only need to heat and assemble them before consumption.
Based on the product, the pizza & cold pizza crust segment is going to have lucrative growth during the forecast period owing to increase in demand for the products in the retail and commercial sectors. Due to the increasing in trend over vegan diet among customers, many of the manufacturers now strategize on coming up with pizza crust accordingly.
By geography, Europe is going to have high growth during the forecast period as in the European zone, developed markets limit further development and producers are forced to search for new business prospects in emerging economies. In Europe, the preference for conventional, freshly baked goods, the fragmented business situation and the uncertainty of raw material prices serve as constraints on the development of the frozen baking products market. UK is the main contributor to the European market's growth. The consumption of frozen bakery items is high mostly in European countries.
Some of the key players profiled in the Frozen Bakery Products Market include General Mills Inc., Kellogg Company, Associated British Foods PLC, Europastry S.A., Conagra Brands, Inc., Cargill, Inc, Grupo Bimbo, Flower Foods Inc., Dawn Foods Products Inc., Vandemoortele, TreeHouse Foods, Inc., Aryzta AG, Cole’s Quality Food Inc, Nestle SA and Tyson Foods.
Estimated Market Size in 2020:
USD 38,319.36 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 62,003.25 million
Tables, Graphs& Figures
Source, Product, Form of Consumption, Specialty Type, Sales Format, End User, Distribution Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Frigid Cake & Freezing Pastries
• Cookies & Biscuits
• Breads & Rolls
• Pizza & Cold Pizza Crust
• Morning Goods
Form of Consumptions Covered:
• Ready-to-Bake (Partially Baked Frozen Products)
• Raw Frozen
• Raw Products
• Ready-to-Proof (Frozen Dough)
• Ready-to-Eat (Fully Baked)
Specialty Types Covered:
Sales Formats Covered:
• Pre-Packed Part-Baked
• Pre-Packed Baked
End Users Covered:
• Hotels and Restaurants
• Food Processing Industry
• Bakery Chains
• Convenience & Independent Retail
• Quick Service Restaurants (QSR)
• Large Retail
Distribution Channels Covered:
• Departmental Stores
• Traditional Grocery Store
• Conventional Stores
• Food Services
• Catering & Industrial
• Specialty Stores
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Frozen Bakery Products Market is majorly driven by growing adoption of convenience foods, increase in consumption of frozen bakery products and extended shelf lives of products.
The ready-to-bake (partially baked frozen products) segment is growing at a highest CAGR due to the increase in demand for pre-baked products that take less time during the baking process and offer the facility of making fresh bakery products.
North America dominated with a significant market share due to the factors such as frozen items are picking up significance among youthful customers and the development of specialty frozen baked merchandise is a developing pattern because of healthy item contributions in the region.
Europe market is growing at a highest CAGR as consumption of frozen bakery items is preferred and UK is the main contributor to the European market's growth.
Key players in Frozen Bakery Products Market include General Mills Inc., Kellogg Company, Associated British Foods PLC, Europastry S.A., Conagra Brands, Inc., Cargill, Inc, Grupo Bimbo, Flower Foods Inc., Dawn Foods Products Inc., Vandemoortele, TreeHouse Foods, Inc., Aryzta AG, Cole’s Quality Food Inc, Nestle SA and Tyson Foods.
Select License Type
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.