Global Frozen Bakery Market Share 2024, Forecast To 2033
8 Mar, 2024
Frozen bakery market, valued at $42.88 billion in 2023, is projected to reach $45.32 billion in 2024, growing at a 5.7% CAGR due to convenience food demand. Expected to hit $56.83 billion by 2028, driven by online retail expansion and automation adoption, with trends including smart packaging integration.
Global Frozen Bakery Market Key Driver
The frozen bakery market is experiencing growth due to the increasing consumption of convenience foods. Frozen bakery items offer consumers quick and easy meal solutions, aligning with the rising demand for convenient food options. With the convenience food sector projected to expand significantly, frozen bakery products are poised to capitalize on this trend. The steady revenue growth and volume increase in convenience food sales, particularly in Malaysia, underscore the market's potential for frozen bakery products.
Get A Free Sample Of The Global Frozen Bakery Market ReportGlobal Frozen Bakery Market Segments
The frozen bakery market covered in this report is segmented –
1) Product:Ready-To-Prove, Ready-To-Bake, Ready-To-Eat
2) Recipe:Bread, Viennoiserie, Patisserie, Savory Snacks
3) Category:Gluten Free, Conventional
4) End-User:Convenience Stores, Hypermarkets And Supermarkets, Artisans Bakers, Hotels, Restaurants And Catering (HORECA), Bakery Chains, Online Channels
By Geography: The countries covered in the frozen bakery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the frozen bakery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the frozen bakery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Frozen Bakery Industry Players
Nestlé SA; Grupo Bimbo S.A.B. de C.V.; Associated British Foods PLC; General Mills Inc.; Kellogg Company; Dr. Oetker UK Ltd.; ConAgra Foods Inc.; Barilla Group; Flowers Foods Inc.; Hillshire Brands Company; Rich Products Corporation; Lantmännen Unibake International; Aryzta AG; Vandemoortele Inc.; Froneri International Limited.; Alpha Baking Company Inc.; Pepperidge Farm Incorporated; Europastry SA; Bridgford Foods Corporation; H&S Bakery Inc.; Tasty Baking Company; Gonnella Baking Co.; Aunt Bessie's Limited; Cole's Quality Foods Inc.; Custom Foods Inc.
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Frozen Bakery Market Overview
Frozen bakery refers to baked goods and products prepared and immediately frozen to preserve their freshness, flavor, and quality. This preservation process involves transforming the water content into ice crystals, preventing microbiological degradation, and maintaining food quality.