Frozen Bakery Products Market

Frozen Bakery Products Market Overview:

The global frozen bakery products market was valued at USD 21.82 billion in 2022 and is likely to reach USD 32.58 billion by 2030, at a CAGR of 5.9%. Frozen bakery products refers to products including cakes, bread, pastries, and donuts that are derived from rice, corn, barley, wheat, oats, and rye. These are rich in taste & nutrition and exhibits relatively longer shelf life and are convenient to use. Frozen bakery products are primarily sold in different cafes, stores, and restaurants. Frozen bakery products are increasingly becoming a vital part of the daily diet, especially in the countries of Europe and North America. Global Frozen bakery products market have a characteristic feature of preserving its nutrition content for a longer period. With the rising demand on food fortification, frozen bakery products is gaining popularity among the health-conscious consumer and is generating sales worldwide. 

Frozen Bakery Products Market Segmentation:

By product, the global frozen bakery products market is classified into bread, cakes and pastries, morning goods, pizza crust, and others. The bread segment held the largest market share in 2022 owing to strong demand for bread in European countries of France, Germany, UK, and Italy. Consumption of bread in these countries is high as it is an everyday regular breakfast. It is also eaten with curries during lunch or dinner. Also, sports enthusiasts have a higher consumption of wheat bread, further augmenting the market growth. The pizza crust segment is projected to register a healthy CAGR during the review period. This is primarily due to a rising shift towards fast food and presence of a wide variety of pizza toppings. Also, with growing popularity vegan diet among customers, some of the product manufacturers have now focused on delivering vegan pizza crust accordingly. For instance, B&G Foods launched cauliflower pizza crust for the North American market. This, in turn, augments the segment growth in the following years.

Based on distribution channel, the global frozen bakery products market has been classified into hypermarkets/supermarkets, conventional stores, specialty stores, online retailing, and others. The conventional stores segment accounted for the largest market share in 2022. Distribution channels play a key role in reducing the gap between product manufacturers of frozen bakery products and the end consumers in the market. Growing demand for convenience food products is significantly rising, primarily due to increasing number of nuclear families, changing lifestyles, an increasing proportion of working women, and less time for food preparation. The online retailing segment is projected to register a healthy CAGR by the end of 2030 owing to increasing internet penetration, large number of e-commerce sites supplying home delivery, quick delivery, and highly convenient.

Frozen Bakery Products Market Dynamics and Factors:

Growing number of work professionals along with rising popularity of convenience foods are expected to augment the demand for global frozen bakery products market. Increasing number of coffee chains, in-store bakeries, and quick-service outlets which offer greater convenience and a broad range of variability in products further boosts the global frozen bakery products market growth during the forecast timeline. Also, increasing consumer’s need for convenience in having food products is a key driver. There has been a surging demand for different types of global frozen bakery products market, which is attributable to different health benefits associated with these products. This spurs the demand for different types of global frozen bakery products market thus increasing the growth potential. Consequently, several industry participants strategize on innovating such products that meet the needs of its customers.

Frozen Bakery Products Market Geographical Analysis:

The Europe market accounted for the largest market share in 2022 and is likely to garner the highest CAGR during the review period. This is mainly ascribed to rising requirement of frozen bakery products in residential and commercial applications. Also, strong economic growth, well-established French bakery industry, and increasing product launches further boost the product demand. The EU member countries are energetically promoting manufacturers to produce global frozen bakery products market. People in the region prefer grab-and-go and convenient products for breakfast, which favors a surging demand for frozen bakery products. Also, easy availability of gluten-free frozen baked goods further increases the growth potential in the region. The Asia Pacific market is projected to register a healthy CAGR during the assessment period. Factors such as rapid urbanization, increasing disposable incomes, and growing demand for Western-style diets are fostering the demand for global frozen bakery products market in China and India.

Frozen Bakery Products Market Report Scope

Key Market Segmentation

Frozen Bakery Products Market - By Product

o   Bread

o   Cakes and Pastries

o   Morning Goods

o   Pizza Crust

o   Others

Frozen Bakery Products Market - By Distribution Channel

o   Hypermarkets/Supermarkets

o   Conventional stores

o   Speciality Stores

o   Online Retailing

o   Others

Frozen Bakery Products Market - By Region

North America

o   US

o   Canada

o   Mexico

Europe

o   Germany

o   UK

o   France

o   Italy

o   Spain

o   Russia

o   Benelux

o   Nordics

Rest of Europe

Asia-Pacific

o   China

o   India

o   Japan

o   South Korea

Rest of Asia-Pacific

Middle East and Africa

South America