IMARC Group, a leading market research company, has recently releases report titled “Frozen Bakery Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global frozen bakery products market growth, trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Frozen Bakery Products Market
Frozen bakery products refer to a wide range of baked goods that are prepared, baked, and then frozen for preservation. They include bread, pastries, cakes, cookies, muffins, croissants, pies, and various other baked items. They are produced in large quantities by commercial bakeries or food manufacturers. They are then frozen at low temperatures to slow down microbial growth and enzymatic activity, which helps to preserve their quality for an extended period. They are designed to be conveniently baked or reheated at home, which provides a convenient and quick solution for enjoying freshly baked goods without the need for extensive preparation.
How Big Is the Frozen Bakery Products Market?
The global frozen bakery products market size reached US$ 29.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 39.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
Global Industry Trends and Drivers:
The increasing consumption of ready to eat (RTE) baked food products on account of rapid urbanization, hectic lifestyles, and expanding purchasing power of individuals represents one of the primary factors driving the demand for frozen bakery products around the world. Moreover, the rising number of commercial spaces, such as cafes, restaurants, quick-service restaurants (QSRs), and other fast-food chains that are incorporating bakery products in their menu is favoring the growth of the market. Apart from this, the growing inclination towards online food delivery apps, which offer a wide range of products with doorstep delivery and secured payment methods, is influencing the market positively.
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What Is Included In Market Segmentation?
The report has been segmented the market into following categories:
Breakup by Product Type:
- Bread and Rolls
- Cakes and Pastries
- Cookies and Biscuits
Breakup by Distribution Channel:
- Artisan Baker
- Online Channel
Breakup by End User:
- Food Service Industry
- Food Processing Industry
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
Aryzta AG, Associated British Foods plc, Bridgford Foods Corporation, Conagra Brands Inc., Dawn Food Products Inc., Europastry S.A., Flowers Foods, General Mills Inc., Kellogg Company, Lantmännen, TreeHouse Foods Inc. and Vandemoortele.
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