Increasing demand for Convenience Foods has subsequently driven the demand for frozen bakery products. The top players are covered in the report with their sales, revenues and strategies are Dawn Food Products Inc., EUROPASTRY, Lantmannen Unibake, ARYZTA AG, General Mills Inc, Conagra Brands Inc., Grupo Bimbo, Cole’s Quality Foods Inc, Bridgford Foods Corporation, Associated British Foods plc, and others.
SAN FRANCISCO, U.S., Oct. 05, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Frozen Bakery Products Market By Category (Gluten-Free, Conventional), By Product Type (Bread and Rolls, Cakes and Pastries, Cookies and Biscuits, Others), By End use (Food Service, Food Retail), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Frozen Bakery Products Market size & share was worth around US$ 21,952.8 million in 2021 and it is expected to hit a value of around US$ 30,615.3 million Mark, by 2028, at a compound annual growth rate (CAGR) of about 5.7% over the forecast period 2022 to 2028.”
The report analyzes the frozen bakery products market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the frozen bakery products market.
Frozen Bakery Products Market Overview:
Frozen bakery products have seen a rise in demand in the wake of changing consumer trends and this has driven the market potential in the past. The frozen bakery products market is expected to rise at a steady CAGR over the forecast period owing to rising demand from the growing working population across the world. Especially increasing working women will drive up the sales of frozen bakery products through 2028.
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Facts and Factors research methodology
Market Size in 2021
USD 21,952.8 Million
Projected Market Size in 2028
USD 30,615.3 Million
CAGR Growth Rate
Key Market Players
Dawn Food Products Inc., EUROPASTRY, Lantmannen Unibake, ARYZTA AG, General Mills Inc, Conagra Brands Inc., Grupo Bimbo, Cole’s Quality Foods Inc, Bridgford Foods Corporation, Associated British Foods plc, and Others
By Category, Product Type, End Use, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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Industry Growth Driver
Increasing demand for Convenience Foods
Frozen bakery products are pretty much directly available to consume and hence fill the need for nutrition without having to spend much time on it and this factor is boost its demand. Population across the world has seen an increase in demand for convenience and packaged foods that don’t require much time to cook.
High Cost of Production for Frozen Bakery Products to Hamper Market Growth
However, the high cost of equipment to produce frozen bakery products is expected to have a restraining effect on the frozen bakery products market potential in the long run. Frozen bakery products equipment companies will be focusing on developing more affordable equipment to boost sales and increase revenue potential. Frozen bakery products manufacturers will be able to extend their profits by investing in this affordable equipment over the forecast period.
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Frozen Bakery Products Market: Segmentation Analysis
The global frozen bakery products market is segregated based on category, product type, end-use, and region.
The bread and rolls segment is anticipated to be the dominant segment
Based on product type, the global market is distinguished into bread & rolls, cakes & pastries, cookies & biscuits, and others. The bread and rolls segment will have a dominant outlook as consumption of bread is high across the world and its increasing use as a staple in multiple diets is also expected to further boost the demand from this segment over the forecast period.
The conventional segment accounts for a major market share
By category, the frozen bakery products market is segmented into conventional and gluten-free. The conventional segment accounts for a major market share but the gluten-free segment is expected to rise at a fast pace over the forecast period.
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Some of the main competitors dominating the global frozen bakery products market include -
Dawn Food Products Inc.
General Mills Inc
Conagra Brands Inc.
Cole’s Quality Foods Inc
Bridgford Foods Corporation
Associated British Foods plc
Key Insights from Primary Research:
As per the analysis shared by our research analyst, the Frozen Bakery Products market is estimated to grow at a CAGR of around 5.7%.
The Frozen Bakery Products market was valued at around USD 21,952.8 million in 2021 and is projected to reach USD 30,615.3 million, by 2028.
During the forecast period, the bread and rolls segment is expected to dominate and account for a large market share. The rising global consumption of these products is expected to drive demand for this segment on the basis of Product Type.
Based on Category segment, the conventional segment dominates the market, but the gluten-free segment is expected to grow rapidly.
On the basis of region, the “Asia Pacific” frozen bakery products market is expected to grow at the fastest rate of all regions.
Asia Pacific region will be leading the frozen bakery products market growth
Asia Pacific region will be leading the frozen bakery products market growth over the forecast period owing to changing consumer preferences in this region. The increasing disposable income, rising demand for convenience e and packaged foods increasing working population, presence of frozen bakery products companies, and changing lifestyle trends are expected to further influence the frozen bakery products market growth through 2028.
India and China owing to rapid urbanization are seeing major changes in their consumer trends and this is expected to favor frozen bakery products market potential in the long run. The increasing purchasing capacity of the population in these nations is also expected to further bolster the frozen bakery products market growth over the forecast period.
In December 2020, Dawn Foods a multinational name in the bakery industry announced divesting of its frozen manufacturing business in North America into Rise Baking Group which will solely focus on developing bakery ingredients for the digital future.
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The global frozen bakery products market is segmented as follows:
By Product Type
Bread and Rolls
Cakes and Pastries
Cookies and Biscuits
Rest of North America
Rest of Europe
Rest of Asia Pacific
The Middle East & Africa
Rest of the Middle East & Africa
Rest of Latin America
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