PUBLISHER: DataM Intelligence | PRODUCT CODE: 1336711
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1336711
Global Frozen Dough Market reached US$ 20.43 billion in 2022 and is expected to reach US$ 31.61 billion by 2030 growing with a CAGR of 5.6% during the forecast period 2023-2030. The convenience and ease of preparation of the frozen dough are raising the consumption of bakery products, thereby increasing the demand for the global frozen dough market.
The various product launches and acquisitions taking place in the frozen dough market are reaching the greater expansion of this business sector. For instance, in December 2022, a Spanish baked food products provider announced the acquisition of Dawn Foods, a global bakery products manufacturer and distributor. This deal helps in expanding the frozen bakery manufacturing business in Netherlands and UK.
The rising consumer preference for convenience food products, rising busy lifestyles, the tremendous growth of food service industries, and growing demand for bakery products are driving the market of global frozen dough. With the increasing emerging technological developments in the cold chain processing, frozen dough applications are also widely growing.
The Growing Demand for Ready-to-Bake Bakery Products Drives the Global Frozen Dough Market Growth.
There is an increasing popularity of on-the-go snacking among people with busy lifestyles. The working-class people and people with hectic lifestyles are depending mostly on these products. The frozen pretzel, croissants, and doughs are easy to handle and prepare products. Frozen pizza and frozen bread dough are mostly used. Wide flavors and ingredients used in the dough are attracting consumers.
The hotels and the catering industry also utilize these products due to convenience. Many bakery products are available in the ready-to-bake form, making it easy for the hotels and catering industries to work. The frozen bakery industry is driven by the increasing demand for speciality goods, constituting functional ingredients. Almost every bakery product can be customized per the customer's needs and requirements, driving the market expansion.
The Increasing Application of Frozen Dough Drive the Market Growth.
The frozen doughs have a wide scope of applications and can be used for the preparation of multiple food items. The long shelf life and easy preparation drive the use of the frozen dough market. The frozen dough has wide applications in various product preparations. The frozen cookie cookies, rolls, and bun dough are used in baking such products. The convenience is a greater tool in this market.
Modern packaging and equipment facilities are used in the refrigeration and freezing of dough. The use of different refrigeration methods extends the shelf life of food goods while reducing food waste. In addition, investments in the cold chain logistics have extended the market of frozen dough. Customers are making more online purchases due to the availability of a wide variety of products and price comparisons on internet platforms fueling market expansion.
The Strict Handling of Frozen Dough Restrains Market Growth.
The strict handling of the storage and packaging facilities of the frozen dough restraints the market growth. The transportation of frozen dough products requires adequate storage facilities throughout the system. Proper packaging and storage facilities are a major concern for manufacturers and distributors, as products require specific temperatures. The dough must be well stored and packaged so that it does not rot before consumption.
The lack of underlying infrastructure and lack of investments to purchase the infrastructure, make it difficult to store mass products properly. The fluctuating demand, perishability and unstable supply chain for mass products hinder the market growth. The manufacturers in the industry find it hard to store dough products properly due to the lack of basic infrastructure restraining the market expansion.
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
The global frozen dough market is segmented based on type, application, and region.
In the Global Frozen Dough Market, the Cookies/Brownies Segment Holds the Largest Market Share.
The global frozen dough market has been segmented by type into cookies/brownies, biscuits, sweet rolls, pizza, and others. The cookies/brownies segment held the largest frozen dough market share of 38.8% in 2022 in the frozen dough market analysis report. The increase in the demand for the frozen cookies/brownies among all age group consumers is driving the segment's growth.
Frozen biscuits & cookie dough provides consistent quality and taste and are ready to use, which results in their increasing usage, thus propelling the segment growth. The rising trend of baking activities among both adults and children is further expected to drive the growth of the segment. The easy operation of these frozen cookies/brownies makes them easy to prepare in the household. Thus the use of any chemicals, additives, and other useless ingredients in the product preparation.
The North America Region Held the Largest Frozen Dough Market Share.
The global frozen dough market is segmented into five parts based on geography: North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. The North American frozen dough market held the largest market share of 38.6% in 2022 in the frozen dough market analysis. The rising consumer demand for the frozen dough is driving this region's frozen dough market.
The changing lifestyles, growing trends & adoption of Western foods habits, high working population, and increased disposable incomes driving the market in this region. With the increased disposable income levels, the spending on frozen foods has also increased among consumers. The increasing number of convenience stores & hypermarkets, and the high usage of online food purchasing platforms in the region are expected to boost the growth.
The major global players in the market include: Readi-Bake Inc, Kontos Foods In, Europastry SA, Frozen Goosebumps Convenience, Wenner Bakery Products, Swiss Gastro Baking Beijing Co., Ltd, Schar USA, Custom Foods, Inc, and Ware Pet Products.
COVID-19 pandemic in 2020 negatively affected the frozen dough market. The food service sector experienced a decline in the bakery products market due to the limited raw material availability and production facilities. The shutdown of public places such as restaurants and bakeries reduced the demand for frozen dough. In addition, the stepdown of most of the distribution channels had a negative impact on the reach of these products to consumers.
The Global Frozen Dough Market report would provide approximately 53 tables, 46 figures and 165 Pages.
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