19-Apr-2022 | 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.
Frozen bakery products have seen a rise in demand in the wake of changing consumer trends and this has driven the market potential in the past. The frozen bakery products market is expected to rise at a steady CAGR over the forecast period owing to rising demand from the growing working population across the world. Especially increasing working women will drive up the sales of frozen bakery products through 2028.
Browse the full “Frozen bakery products Market By Category (Gluten-Free, Conventional), By Product Type (Bread and Rolls, Cakes and Pastries, Cookies and Biscuits, Others), By End-Use (Food Service, Food Retail), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028” report at https://www.fnfresearch.com/frozen-bakery-products-market
Frozen bakery products are pretty much directly available to consume and hence fill the need for nutrition without having to spend much time on it and this factor is boost its demand. Population across the world has seen an increase in demand for convenience and packaged foods that don’t require much time to cook.
However, the high cost of equipment to produce frozen bakery products is expected to have a restraining effect on the frozen bakery products market potential in the long run. Frozen bakery products equipment companies will be focusing on developing more affordable equipment to boost sales and increase revenue potential. Frozen bakery products manufacturers will be able to extend their profits by investing in this affordable equipment over the forecast period.
The pandemic of 2020 resulted in a drop in frozen bakery products sales and this was due to the spread of coronavirus infections that led to lockdowns. Strict lockdowns were imposed in multiple nations that hampered the production and sales of frozen bakery products as multiple production facilities were shuttered and multiple sales channels such as malls stores etc., were also closed to avoid the spread of infections.
The frozen bakery products market is expected to rise at a steady pace in the post-pandemic era owing to the lifting of lockdowns restrictions and the resumption of world activity to a normal stance. Increasing disposable income will also prove to benefit the frozen bakery products market potential over the forecast period.
The global frozen bakery products market is segregated based on category, product type, end-use, and region. Based on product type, the global market is distinguished into bread & rolls, cakes & pastries, cookies & biscuits, and others. The bread and rolls segment will have a dominant outlook as consumption of bread is high across the world and its increasing use as a staple in multiple diets is also expected to further boost the demand from this segment over the forecast period.
Asia Pacific region will be leading the frozen bakery products market growth over the forecast period owing to changing consumer preferences in this region. The increasing disposable income, rising demand for convenience e and packaged foods increasing working population, presence of frozen bakery products companies, and changing lifestyle trends are expected to further influence the frozen bakery products market growth through 2028. India and China owing to rapid urbanization are seeing major changes in their consumer trends and this is expected to favor frozen bakery products market potential in the long run. The increasing purchasing capacity of the population in these nations is also expected to further bolster the frozen bakery products market growth over the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 21,952.8 Million |
Projected Market Size in 2028 |
USD 30,615.3 Million |
CAGR Growth Rate |
5.7% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
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, and Others |
Key Segment |
By Category, Product Type, End Use, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Key players functioning in 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
Recent developments:
- In December 2020, Dawn Foods a multinational name in the bakery industry announced divesting of its frozen manufacturing business in North America into Rise Baking Group which will solely focus on developing bakery ingredients for the digital future.
The global frozen bakery products market is segmented as follows:
By Category
By Product Type
- Bread and Rolls
- Cakes and Pastries
- Cookies and Biscuits
- Others
By End-Use
By Region
- 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
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