At 4.0% CAGR, frozen bakery products market share will increase


frozen bakery products market

According to a new market research report “Frozen Bakery Products Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Product Type (Breads & Rolls, Cakes & Pastries, Cookies & Biscuits, and others), category (gluten-free and conventional), and End Use (Foodservice and Food Retail) and Geography” published by TheInsightPartners, the frozen bakery products market size is expected to grow from US$25.31 billion in 2021 to US$33. US$.3 billion by 2028 by 2028, at a Compound Annual Growth Rate (CAGR) of 4.0% over the forecast period A few frozen bakery products are bread and rolls, cakes and pastries, biscuits and biscuits.These products are mainly derived from wheat, rice and barley.Frozen bakery products are gradually becoming an essential part of the daily diet, especially in Europe and A North America.

A few players operating in the frozen bakery products market are Dawn Food Products, Inc.; Europastry, SA; Lantmannen Unibake.; Bimbo Group; SAB Dec.V; Aryzta Ag; General Mills, Inc.; Cole’s Quality Foods Inc.; Conagra Brands, Inc.; and Bridgford Foods Corporation. Key companies are adopting strategies such as mergers and acquisitions, research and development to expand their customer base and gain a significant share of the global market, which also enables them to retain their brand globally.

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Asia Pacific frozen bakery products market is expected to grow at the highest CAGR during the forecast period. The region is experiencing rapid economic growth, an increase in the number of manufacturing companies and a growth in the organized retail and service sector, due to the increase in population, favorable government regulations, liberal trade policies , the availability of abundant resources and cheap labor and manufacturing. facilities. In addition, the inhabitants of this region willingly adopt Western culture, which influences their consumption patterns and eating habits. The frozen bakery products market is expected to grow significantly in this region due to rapid urbanization, modern lifestyle, rapid emergence of corporate sector, busy work schedules and other similar factors .

Impact of the COVID-19 pandemic on the Frozen Bakery Products market

The COVID-19 outbreak has impacted different industries differently. Amid the pandemic, the imposition of lockdown is restricting the frozen bakery supply chain. The unavailability of raw materials and labor, due to restrictions on the movement of people, hampers the production of frozen bakery products. The frozen food industry has seen steady growth amid the pandemic as people consume foods that have a longer shelf life. According to the President of the American Frozen Food Institute (AFFI), US-based frozen food players saw US frozen food sales increase by 18.2% in 2020, or approx. $66 billion in sales.

Market overview

Rise in demand for ready meals

The demand for frozen baked goods is increasing due to the increasing consumer preference for processed or ready-to-eat foods. Moreover, the easy availability of frozen bakery products has influenced the shopping pattern of buyers who are interested in health food products and given frozen bakery products a prominent place in the list of daily consumables. Moreover, due to the growth of the food and beverage industry and improving economic conditions, consumers in both developed and developing regions around the world are turning to ready meals. Rural-urban migration has also increased in developing countries, leading to an increase in street vending, convenience foods and convenience foods. As a result, there has been a noticeable increase in the consumption of ready-to-eat foods, which has led to a significant increase in the ready meals market.

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Product type information

Based on product type, the frozen bakery products market is segmented into breads & rolls, cakes & pastries, biscuits & biscuits, and others. The bread and rolls segment accounted for the largest market share in 2020. However, the biscuits and biscuits segment is expected to register the highest CAGR in the market during the forecast period. Biscuits and biscuits are mostly made from ingredients such as flour, sugar, and oil or fat. There are many additional fixings in cookies and cookies such as chocolate, oats, raisins, almonds, cashews and pistachios. Baked cookies are frozen in a single layer or on a baking sheet. Once the individual cookies are frozen, they can be stored in an airtight container with a flat bottom. Layers are separated with parchment or waxed paper to prevent cookies from sticking together. Cookie dough is frozen depending on the source of the dough, as well as the ingredients used.

Overview of categories

Based on category, the frozen bakery products market is divided into gluten-free and conventional. The conventional segment accounted for a larger market share in 2020, while the gluten-free segment is expected to register a higher CAGR in the market during the forecast period. Gluten is a protein found in wheat flour and is primarily used for making bakery food products. Gluten has a glue-like property that forms a sticky network and gives breads the ability to rise when baked. Many consumers feel uncomfortable after eating frozen bakery products that contain gluten. Gluten-free frozen baked goods do not contain gluten. Manufacturers of frozen baked goods use ingredients such as xanthan gum or guar gum to leaven dough or batter. Consumer awareness of gluten causing celiac disease and other digestive health issues is motivating them to embrace gluten-free eating lifestyles.

End-Use Information

On the basis of end use, the frozen bakery products market is divided into food service and food retail. The catering segment accounted for a larger market share in 2019, while food retail is expected to register a higher CAGR in the market during the forecast period. The frozen bakery products retail segment includes supermarkets and hypermarkets, specialty stores, convenience stores as well as online retail. Supermarkets and hypermarkets are self-service stores offering a wide variety of frozen baked goods. Frozen bakery products have a dedicated section in supermarkets and hypermarkets. Supermarkets and hypermarkets purchase frozen baked goods such as cakes and pastries, pizza dough, waffles and cookies for sale to households.

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Contact person: Sameer Joshi

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The Insight Partners is a one-stop provider of actionable intelligence industry research. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals and the materials.

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