The frozen bakery products market is expected to reach USD 49 billion by 2032


The global frozen bakery products market size is expected to reach US$49 billion by the end of 2032. According to a study by Future Market Insights (IMF), the market will show a steady increase at over 7% CAGR between 2022 and 2032. According to the report, the growing demand for ready meals will fuel the growth of the market.

The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate market analysis.

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It includes in-depth insights into the frozen bakery market. Some of them are:

  • The estimated market value was US$23 billion in 2021. During the forecast period of the report, the market is expected to show a steady growth rate.
  • Regionally, Europe has become a key market for frozen bakery.
  • North America and Asia will remain key markets for frozen bakery outside of Europe
  • While retail remains the preferred distribution channel, market players are expected to diversify soon, leading to a focus on restaurant and industrial distribution channels.
  • Key players are likely to focus on product innovations to stay relevant in developed markets.

In Europe, Germany has become one of the most lucrative markets for frozen bakery. The boom in tourism and catering has given impetus to the growth observed in Europe. These trends are unlikely to change in the coming years, which will support the growth of the overall frozen bakery market in Europe,” revealed a senior IMF analyst.

Changing lifestyle and adopting a healthier routine will remain key growth drivers

The growth seen in the global frozen bakery products market is largely attributable to changing consumer lifestyles. As life gets hectic and busier, consumers find it increasingly difficult to invest time in the kitchen or home-prepared meals. This creates an ideal environment for the sale of frozen baked goods.

Aided by the growing number of retail outlets, the frozen bakery market will continue to exhibit an impressive growth trajectory throughout the forecast period of the report.

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Who wins?

Some of the major players operating in the frozen bakery market are Dawn Food Products Inc, General Mills, Lantmannen, Cole’s Quality Food Inc, Europastry, Bridgford Foods Corporation, Conagra Brands, Cargill, Grupo Bimbo, Aryzta AG.

Due to increasing competition, manufacturers are focusing on expanding their product portfolio and improving the procurement process. Their expansion strategies are further facilitated by agreements between them and local players in emerging markets. These companies are particularly focused on catering to changing consumer preferences in various applications.

Additionally, mergers and acquisitions remain a popular strategy among market participants. The companies intend to expand their regional footprint through strategic collaborations.

Obtain valuable insights into the Frozen Bakery Market

Future Market Insights, in its new report, presents an unbiased analysis of the global frozen bakery market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study discloses compelling information on the growth seen in the market. In terms of product type, the frozen bakery market can be segmented into frozen cakes & muffins, frozen pastries, frozen bread & cookies, and frozen pizza crust.

Relying on distribution channels, hypermarkets and supermarkets, catering and large industrial and online distribution are favored by manufacturers. In terms of end user, artisan bakers, hotels and restaurants, bakery chains and the food industry are key segments. Regionally, the global frozen bakery market can be segmented into North America, Latin America, East Asia, Europe, South Asia, Oceania, and MEA.

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About Future Market Insights (IMF)

Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.

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