Frozen Bakery Market Grows at High CAGR of 4.0%

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Frozen bakery products

The frozen bakery products market is expected to grow from US $ 25.31 billion in 2021 to US $ 33.3 billion by 2028; it is expected to grow at a CAGR of 4.0% from 2021 to 2028.

Frozen baked goods are in high demand as people prefer ready-to-bake products as they are easy to prepare and can be prepared quickly. Furthermore, a significant increase in the demand for processed food products due to a shift in consumer preference for baked goods is driving the growth of the frozen baked goods market. Acceptance of frozen bakery products is increasing due to factors such as convenience, speed of preparation, easy availability of products and low costs. The growth of the market is also attributed to growing demand from small and large scale cafes and food chains.

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Main Key Players: Dawn Food Products, Inc .; Europastry, SA; Lantmannen Unibake .; Bimbo Group; SAB Dec. V; Aryzta Ag; General Mills, Inc .; Cole’s Quality Foods Inc .; Marques Conagra, Inc .; and Bridgford Foods Corporation

The demand for frozen bakery products is increasing due to the growing consumer preference for processed or ready-to-serve foods. In addition, the easy availability of frozen baked goods has influenced the purchasing model of health conscious shoppers and has given frozen baked goods a prominent place in the list of daily consumables.

The demand for frozen bakery products is expected to increase in response to the growing demand for ready meals. The demand for ready meals is being fueled by the launch of frozen bakery products with longer shelf lives and an increase in the workforce across the world, as well as an increase in the female workforce. Consumers buy and stock frozen baked goods in their busy schedules and consume them as needed.

The report comprises the segmentation of the global frozen bakery products market as follows:

Frozen Bakery Products Market, By Product Type
• Breads and rolls
• Cakes and pastries
• Biscuits and biscuits

Frozen Bakery Products Market, By Category
• Gluten free
• Conventional

Frozen Bakery Products Market, By End User
• Food service
• Retail food sales

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Impact of the COVID-19 pandemic on the frozen bakery products market

The COVID-19 outbreak has had a different impact on different industries. Amid the pandemic, the imposition of the lockdown is restricting the supply chain for frozen baked goods. The unavailability of raw materials and labor, due to restrictions on the movement of people, hinders 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.

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