The frozen bakery products market includes pastries, breads, cakes, and donuts derived from corn, rice, wheat, barley, oats, and rye. The consumption of these sources being used as raw materials for bakery products varies across the globe.
The bakery industry is one of the world’s major food industries and varies widely in terms of production scale and process. Robust growth of the bakery processing industry has opened new avenues for innovative manufacturing and processing techniques. The growing per-capita consumption of bakery products indicates the untapped growth potential of the frozen bakery products market. According to the latest publication on the Frozen Bakery Products Market by Meticulous Research®, the frozen bakery products market is expected to grow at a CAGR of 4.8% from 2020 to 2027 to reach $59.9 billion by 2027.
The frozen bakery products market is mainly driven by factors such as increasing urbanization and inclination towards convenience foods, changing consumer taste and preferences, the growing global cold-chain market, and the availability of a wide range of bakery products across various distribution platforms. However, the preference for freshly baked foods and temperature monitoring requirements are expected to restrain the future growth of this market to some extent.
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To provide an efficient and accurate analysis, Meticulous Research® has segmented this market based on product type (breads, pizza crust, cakes & pastries, cookies & biscuits, donuts & pies, and waffles), by use (ready-to-prove, ready-to-bake, and ready-to-eat), by end user (artisan bakers, hotels, restaurants, and catering, supermarkets & hypermarkets, bakery chains, and the food processing industry), and specialty type (specialty and non-specialty). Further, the specialty market is subsegmented into (low-calorie, gluten-free, organic, fortified, sugar-free, and other specialty types). The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Geographically, the frozen bakery products market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Bread and other bakery products are the key staple food in many countries from the European region. Thus, this high consumption contributes to Europe’s estimated largest share in the frozen bakery products market in 2020. However, the Asia-Pacific region is projected to offer lucrative growth to the key players in the market and achieve the fastest growth during the analysis period. The rapid growth of this market is attributed to the rising consumer demand for ready-to-eat and convenient frozen food products due to growing urbanization, rising working population, growing income of the middle-class population, and the rising adoption of western food habits by the youth in many Asian countries.
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Scope of the Report:
Frozen Bakery Products Market, by Product Type
- Pizza Crust
- Cakes & Pastries
- Pies & Tarts
- Sponge Cakes
- Cookies & Biscuits
Frozen Bakery Products Market, by Use
Frozen Bakery Products Market, by End User
- Artisan Bakers
- Supermarkets & Hypermarkets
- Hotels, Restaurants, and Catering
- Bakery Chains
- Food Processing Industry
Frozen Bakery Products Market, by Specialty Type
- Other Specialty types
Frozen Bakery Products Market, by Geography
- North America
- Rest of Europe (RoE)
- Asia-Pacific (APAC)
- Rest of APAC (RoAPAC)
- Rest of the World
- Latin America
- Middle East & Africa
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By product type, the frozen bakery products market is mainly segmented into breads, pizza crust, cakes & pastries, cookies & biscuits, donuts & pies, and waffles. The breads segment is estimated to command the largest share of the frozen bakery products market in 2020. The leading position of the breads segment is attributed to the rising consumption of bread across the globe, strong growth in the fast-food demand, ready-to-eat product food chains, and QSRs, and consumer inclination towards healthy & convenient whole-grain bread products.
By end user, the frozen bakery products market is segmented into artisan bakers, supermarkets & hypermarkets, QSR, hotels, restaurants, and catering, bakery chains, and the food processing industry. The artisan bakers segment is estimated to hold the major share of the frozen bakery products market in 2020. The key factors contributing to the major share of this segment include the rising preference for bakery products from artisan bakers in the developed economies across Europe and North America and the growing popularity of ready-to-bake frozen mixes by these bakeries to serve faster and save costs. However, the supermarkets & hypermarkets segment is projected to register the fastest growth during the forecast period due to the easy availability of frozen bakery products at low prices in these outlets.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market, including Associated British Foods Plc. (U.K.), Nomad Foods (U.K.), Oetker-Gruppe (Germany), Grupo Bimbo (Mexico), Europastry, S.A (U.S.), General Mills Inc. (U.S.), Aryzta AG (Switzerland), Vandemoortele NV (Belgium), Conagra Brands, Inc. (U.S.), Campbell Soup Co. (U.S.), Lantmännen Unibake International (Denmark), Kellogg Co. (U.S.), and Nestle SA (Switzerland).
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About Meticulous Research®
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