The Global Frozen Bakery Market is estimated to be USD 28.31 Bn in 2023 and is expected to reach USD 37.09 Bn by 2028 growing at a CAGR of 5.55%.Market players are innovating freezing techniques to deliver freshly baked goods with superior taste, texture, and extended shelf life
Frozen bakery products are ready-to-cook or ready-to-eat bakery products that are stored at a frozen temperature. These products are typically made from wheat flour, water, yeast, sugar, and other ingredients. Frozen bakery products are available in a variety of forms, including bread, pizza crusts, pastries, and cakes.
The increasing demand for convenience food is one of the key drivers of the global frozen bakery market. Consumers are increasingly looking for food that is easy to prepare and cook. Frozen bakery products offer a convenient and affordable option for consumers who are looking for a quick and easy meal. The rising health consciousness is another key factor driving the growth of the global frozen bakery market. Consumers are becoming more health-conscious and are looking for food that is made with natural ingredients. Frozen bakery products are often made with healthier ingredients, such as whole wheat flour and low-sugar content. The growing disposable income is also contributing to the growth of the global frozen bakery market. Consumers with higher disposable incomes are more likely to purchase frozen bakery products, as they are seen as a convenient and affordable option.
Market Segmentations
- The Global Frozen Bakery Market is segmented based on product Type, Source, End-Users, and Geography.
- By Product Type, the market is classified into Bread, Pizza Crust, Cakes & Pastries, Waffles, Donuts, and Cookies. The bread segment holds the largest market share during the forecast period. This is due to the increasing demand for convenience food and the rising health consciousness among consumers. Bread is a versatile food that can be eaten for breakfast, lunch, or dinner. It is also a good source of carbohydrates, which provide energy.
- By Source, the market is classified into Wheat, Barley, and Rye. The wheat segment holds the largest market share during the forecast period. This is due to the fact that wheat is the most common grain used in the production of bakery products. Wheat flour is used to make bread, pizza crusts, pastries, and other bakery products.
- By End-Users, the market is classified into Retail, Food Service Industry, and Food Processing Industry. The retail segment holds the largest market share during the forecast period. This is due to the increasing popularity of frozen bakery products among consumers. Frozen bakery products are available in a variety of forms, and they are easy to find in supermarkets and other retail stores.
- By Geography, the market is classified into the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific. America holds the largest market share during the forecast period. This is due to the high awareness of the benefits of frozen bakery products among consumers in this region. North American consumers are also more likely to purchase frozen bakery products from supermarkets and other retail stores.
Recent Development
- General Mills announced that it would be investing USD 100 Mn in its frozen bakery business. The investment will be used to expand the company's manufacturing capacity, develop new products, and increase marketing efforts - January 2023
- Tyson Foods announced that it would be acquiring Keystone Foods, a leading producer of frozen bakery products. The acquisition will give Tyson Foods a significant presence in the frozen bakery market and will allow the company to expand its product offerings and reach new customers - February 2023
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Alpha Baking Company Inc., Barilla Holdings S.p.A, Cargill, Inc., Conagra Brands, Inc., General Mills, Inc., etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, and Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global Frozen Bakery Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global Frozen Bakery Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Frozen Bakery Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
- Excel data sheet for the market size will also be provided with the report.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
- The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
- The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
- Market segmentation
- Competitive Analysis: Comparative analysis of competitor
- Historical, current, and projected size of the market based on value and volume
- Market size of the US states
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global Frozen Bakery Market, By Product Type
7 Global Frozen Bakery Market, By Source
8 Global Frozen Bakery Market, By End-Users
9 Americas' Frozen Bakery Market
10 Europe's Frozen Bakery Market
11 Middle East and Africa's Frozen Bakery Market
12 APAC's Frozen Bakery Market
13 Competitive Landscape
14 Company Profiles
15 Appendix
Companies Mentioned
- Alpha Baking Company Inc.
- American Desserts
- Aryzta Ag.
- Associated British Foods PLC
- Barilla Holdings S.p.A
- Bridgford Foods Corp.
- Cargill, Inc.
- Cole’s Quality Foods, Inc.
- Conagra Brands, Inc.
- Custom Foods Inc.
- Eurocas International
- Europastry SA
- Flowers Foods
- General Mills, Inc.
- General Waffel Manufactory
- Grupo Bimbo S.A.B. De C.V.
- Kellogg Co.
- Lantmannenunibake International
- Premier Foods PLC
- Vandemoortele N.V.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 173 |
| Published | February 2024 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 28.31 Billion |
| Forecasted Market Value ( USD | $ 37.09 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
