Frozen Bakery Products Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[217+ Pages Report] According to Facts and Factors, the global frozen bakery products market was worth around USD 21,952.8 million in 2021 and is estimated to grow to about USD 30,615.3 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.7% over the forecast period. The report analyzes the frozen bakery products market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the frozen bakery products market.

Market Overview

Frozen bakery products have seen a surge in demand in the past few years owing to rising demand for ready-to-eat and convenience foods and this trend is anticipated to be prominent over the forecast period. The increasing working women population is also expected to boost demand for frozen bakery products.

Rising investments in the retail industry are also expected to propel frozen bakery products market growth over the forecast period. The development of the integrated retail sector is also expected to favor the frozen bakery products market potential through 2028. However, the high costs of production are anticipated act as a restraining factor for the global frozen bakery products market growth in the long term.

The rising disposable income of the general population across the world is also expected to positively impact frozen bakery products market potential through the forecast period.

COVID-19 Impact:

Lockdown restrictions were a result of efforts to stop the spread of coronavirus infections and this resulted in the closure of multiple sales and distribution channels of products and had a negative impact on the frozen bakery products market growth in 2020. Disrupted logistics and supply chains also hampered sales of frozen bakery products.

Production of frozen bakery products was also hampered due to the closure of many manufacturing facilities across the world. Changing consumer trends in the pandemic also changed the frozen bakery products market growth outlook and are expected to shape the market over the forecast period.

The frozen bakery products market is anticipated to make a comeback in the post-pandemic era as the world returns to normal operating procedures as lockdowns are lifted.  

Growth Driver

• Increasing demand for Convenience Foods

The world has seen a substantial increase in the working population and this has driven the demand for convenience foods which has subsequently driven the demand for frozen bakery products. Working professionals have less time on their hands to make food and this has created a new demand for packaged and ready-to-eat foods from this sect of the population and this is driving the frozen bakery products market potential through 2028. The global frozen bakery products market is anticipated to be driven by this increasing demand from the working population.

Restraints

• High Cost of Production for Frozen Bakery Products to Hamper Market Growth

Frozen bakery products are manufactured in special facilities that require special equipment which increases costs and this is expected to be a major factor that slows down the frozen bakery products market potential over the forecast period. Frozen bakery products companies are expected to invest in research and development to reduce the cost of frozen bakery products manufacturing equipment and boost market potential through 2028.

Segmentation Analysis

The global frozen bakery products market is segregated based on category, product type, end-use, and region.

By Product Type, the market is divided into breads & rolls, cakes & pastries, cookies & biscuits, and others. The bread and rolls segment is anticipated to be the dominant segment over the forecast period and will account for a major market share. This segment is anticipated to see high demand owing to the rising consumption of these products across the world.  

By category, the frozen bakery products market is segmented into conventional and gluten-free. The conventional segment accounts for a major market share but the gluten-free segment is expected to rise at a fast pace over the forecast period.

Report Scope

Regional Landscape

Asia Pacific region leads the global frozen bakery products market and is expected to register growth at the fastest CAGR of all regions. The increasing per capita disposable income of the population in this region is anticipated to majorly drive the frozen bakery products market potential over the forecast period. India and China are expected to be the most prominent markets for frozen bakery products in this region through 2028 owing to changing consumer preferences and rising consumption of frozen bakery products.

The frozen bakery products market will also see a good demand outlook in the regions of Europe and North America over the forecast period owing to changing consumer preferences and lifestyle trends.

Recent Developments

• In March 2021 – Dawn Foods an American manufacturer and distributor of bakery products announced the acquisition of JABEX a family-owned firm specializing in fruit-based bakery products based in Poland.

Competitive Landscape

Some of the main competitors dominating the global frozen bakery products market include -

• Dawn Food Products Inc.
• EUROPASTRY
• Lantmannen Unibake
• ARYZTA AG
• General Mills Inc
• Conagra Brands Inc.
• Grupo Bimbo
• Cole’s Quality Foods Inc
• Bridgford Foods Corporation
• Associated British Foods plc

The global frozen bakery products market is segmented as follows:

By Category Segment Analysis

• Gluten-Free
• Conventional

By Product Type Segment Analysis

• Bread and Rolls
• Cakes and Pastries
• Cookies and Biscuits
• Others

By End-Use Segment Analysis

• Food Service
• Food Retail

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America