The Frozen Bakery Market is expected to expand its roots at a steady CAGR of 6.5% during the forecast period. The market is likely to hold a revenue of USD 45.8 billion in 2023 while it is anticipated to cross a value of USD 85.97 billion by 2033.
The research report on the frozen bakery market states that expanding bakeries and restoration of the hotel and restaurant industry are flourishing the market growth. Furthermore, the higher demand for ready-to-eat meals is increasing with lifestyle change and corporate culture is structuring the market dynamic.
Apart from ready-to-eat meals, fast-food outlets also use frozen bakery items for advanced bakery preparation. The sweet and spicy flavor experience along with the advent of functional and healthy food items are advancing bakery practices. Alongside this, the increasing requirement for convenience food along with the expanding frozen bakery market. Frozen bakery products are emerging as convenient food options and the easy-to-prepare products are fuelling the market growth.
Factors that are driving the market growth include:
Frozen bakery market analysis explains that the bakery business in the Europe region is expanding tremendously. A higher footfall of tourists along with local bakeries getting popular internationally fuels the market growth. Furthermore, young people being a part of the latest café culture is pushing companies to adopt the latest flavor and frozen baking solutions. Raw frozen items without fermentation and semi-cooked frozen items are also advancing the bakery sector.
| Attributes | Details |
|---|---|
| Frozen Bakery Market CAGR (2023 to 2033) | 6.5% |
| Frozen Bakery Market Size (2023) | USD 45.8 billion |
| Frozen Bakery Market Size (2033) | USD 85.97 billion |
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Short-term Growth (2023 to 2026): Preserving food properties for a long duration is a necessity when it comes to texture and taste. Therefore, bakeries apply deep-frozen food items that are further used in different bakery operations. The advanced bakeries with increasing food delivery options are fuelling the shelf life and quality that prevents micro-organisms to grow. The advanced shipment with air-conditioned boxes is also easing the bakery function in distant areas. Hence, the market is expected to hold USD 45.8 billion in 2023 while it is likely to reach USD 55.32 billion by 2026.
Mid-term Growth (2026 to 2029): A factor that drives the demand for frozen bakery services is the increasing count of bakeries and restaurants. This is due to the popularity of exotic bakery items such as gluten-free pastries and bread. This takes a market value from USD 55.32 billion in 2026 to a value of USD 66.82 billion in 2029.
Long-term Growth (2029 to 2033): The extending food research and development process coupled with changing impact of Western food items in Asian economies. Furthermore, the higher foreign investments with companies setting up their base are providing growth prospects to the market. These involve companies like McDonald’s, Domino's Pizza, Pizza Hut, etc. Thus, the frozen bakery market is anticipated to thrive at a steady CAGR of 6.5% between 2023 and 2033.
Restoration of bakery operations post-pandemic with the extended research and development in the field of baking has boomed the sector. Bakery companies investing in potential regions with advanced settlements are garnering market growth. With new items on the list, bakery producers are adopting frozen bakery products and solutions. Thus, the vendors have found solutions for cheese, bread, sauces, and dough while implementing the freezers for specially made frozen bakery items.
The higher sales of ready-to-eat and easily processed food items are also acting as a growth prospect for the market. These thaws and serve products also involve bakery food items that can easily be cooked in a short span. Alongside personal usage, the application of these bakery products in outlets at a higher consumption rate is pushing vendors to dominate the stage. With concepts like lower preservatives, and organic, and vegan products, the vendors are experimenting with their frozen bakery products. The higher penetration of bakeries with a pinch of local flavor work on different types of doughs that involve frozen bakery doughs.
Principal Consultant
A few of the restraints for the frozen bakery market include:
Increased Demand for Research and Development along with Expanding Bakery Businesses are Fuelling the Regional Growth
North America comes in second place in terms of market share as it expands its outlets and other food spaces. Furthermore, the fast-food restaurants along with the fast-paced ready-to-eat solutions. The social media trends including higher demand for modern-fresh-baked products are propelling the market growth. Furthermore, nutrient-dense frozen bakery items are pushing vendors to extend their research and development facilities and are advancing sales of frozen bakery products in the region.
Integration of Organic and Gluten-free Diets along with the Restoration of Bakery Items-based Outlets are propelling the Regional Growth
Asia Pacific region is likely to reach a value of USD 18 billion by 2032. Where Japan’s frozen bakery industry in the region is on a healthy growth trajectory. The emerging concept of food as a status symbol along with the millennials adopting gluten-free and other healthy diets is propelling the growth. Multinational companies involve their e-commerce chains that are also expanding the frozen bakery market size.
Government Help along with the Expanding Renovations of Old Bakeries Garners the Market Growth
Europe leads in terms of market share where a substantial amount of bakeries in the region. Furthermore, the health-conscious end-user base is pushing the vendors to adopt frozen bakery items. Alongside this, the advent of wholegrain or multigrain dough with frozen twists is fueling the demand for frozen bakery products.
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| Category | By End User |
|---|---|
| Leading Segment | Online Channels |
| CAGR (2023 to 2033) | 7.5% |
| Category | By Product |
|---|---|
| Leading Segment | Fully Baked |
| CAGR (2023 to 2033) | 6.0% |
Based on the end user, the online channel strives at a CAGR of 7.4% between 2023 and 2033. The increasing sales of frozen bakery items are attributed to online channel sales. End users choose the online platform due to the higher availability of each item which gets shipped easily and comes with a discounted rate. The restoration of the bakery industry along with individual usage is flourishing the demand through online channels.
Based on the product, the fully baked segment fuels at a CAGR of 6.0% between 2023 and 2033. Furthermore, the easy preparation and increasing consumption propel segment growth. The health-conscious generation along with higher demand for gluten-free items is fueling the sales of frozen bakery items.
The key players focus on producing herbal, organic, and gluten-free products. Brands also invest in foreign lands with new outlets and restaurants expanding their chains. Companies also merge, collaborate, and acquire in order to expand their sales and distributional channels.
Market Developments
The market CAGR for 2033 is 6.5%.
The market is estimated to reach USD 85.97 billion by 2033.
North America, Europe, and Asia-Pacific are the top 3 countries leading the market.
The market is estimated to secure a valuation of USD 45.8 billion in 2023.
India, Japan, and China dominate the Asian market.
1. Executive Summary | Frozen Bakery Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Frozen Dough 5.2. Frozen Bread 5.3. Frozen Pizza Crust 5.4. Frozen Cakes and Pastries 5.5. Other Product Types 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 6.1. Foodservice Channels 6.2. Industrial Bakery 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Grupo Bimbo 15.2. Europastry 15.3. Pan Pa Ya Ltd 15.4. General Mills Colombia Ltd 15.5. Rich Products Corporation 15.6. Comapan S.A 15.7. Don Maíz SAS 15.8. Vandemoortele 15.9. Patagonia Artisan Bakers 15.10. Canada Bread Company 15.11. Kellogg Company 15.12. Conagra Brands, Inc. 15.13. Associated British Foods Plc 15.14. CSM Bakery Solutions 15.15. Weston Foods 16. Assumptions & Acronyms Used 17. Research Methodology
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Frozen Bakery Market
