PUBLISHER: SkyQuest | PRODUCT CODE: 1463383
PUBLISHER: SkyQuest | PRODUCT CODE: 1463383
Global Frozen Bakery Market size was valued at USD 42.95 billion in 2022 and is poised to grow from USD 44.75 billion in 2023 to USD 62.20 billion by 2031, growing at a CAGR of 4.20% during the forecast period (2024-2031).
The popularity of frozen baked products is on the rise due to their affordability, convenience, and widespread availability, offering longer shelf life compared to traditional baked goods. The ease of defrosting and baking contributes to increased demand, catering to various establishments like in-store bakeries, coffee shops, and quick-service restaurants. Moreover, advancements in food processing technology have accelerated the production of frozen bakery items, requiring only basic ovens or proofers for preparation. This trend is expected to continue as consumers seek quick meal solutions amidst busy lifestyles. However, concerns over the health implications of packaged foods, including high levels of harmful carbohydrates and fats, pose a significant barrier to further market expansion, highlighting the importance of addressing health-conscious consumer preferences in the industry's future growth.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Frozen Bakery Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Frozen Bakery Market Segmental Analysis
The global frozen bakery market is segmented based on product, distribution channel, and region. In terms of product, the market is segmented into bread, cakes & pastries, doughnuts & pies, pizza, and novelties. With respect to distribution channels, the market is classified into supermarkets & hypermarkets, convenience stores, bakery stores, and online. Regionwise, the global frozen bakery market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Drivers of the Global Frozen Bakery Market
The increasing need for convenient food choices, coupled with hectic lifestyles, is fueling the popularity of frozen bakery items, providing swift and effortless meal solutions to consumers.
Restraints in the Global Frozen Bakery Market
The increasing desire for convenient food choices, coupled with hectic schedules, fuels the rising popularity of frozen bakery items, which provide swift and effortless meal solutions.
Market Trends of the Global Frozen Bakery Market
As consumers prioritize their health more than ever, the demand for gluten-free and organic food options is on the rise, particularly evident in the growth of frozen bakery products adhering to these preferences.