PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339939
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1339939
According to Stratistics MRC, the Global Frozen Dough Market is accounted for $24.07 billion in 2023 and is expected to reach $38.91 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Frozen dough is uncooked or partially cooked food products that are kept at a low temperature for a period of time longer than two months. They are frequently kept in cryogenic refrigerators or freezers. Cakes, cookies, muffins, pizza crust, and other goods can be made using frozen or chilled dough. The refrigerated/frozen dough products market is one of the fastest-growing global food processing divisions. Products made from frozen dough are regarded as healthier than meat or any other high-calorie food.
According to the American Frozen Food Institute (AFFI), the sales of frozen dough increased by 21% in 2020 due to the pandemic and consumers were purchasing frozen foods more than ever.
Consumers are adopting veganism at an increasing rate. Instead of eating foods derived from animals, many try to follow vegan or plant-based diets. Major companies are now stepping into the vegan industry and providing consumers with vegan frozen dough. There are also several vegan food options available. The biggest companies, such as eating pastry, Hungryroot, and Simple Truth, sell frozen vegan dough for bread, pastries, biscuits, and cookies. These elements are predicted to strengthen the global market for frozen dough products throughout the course of the forecast period.
Since frozen dough products need to be stored at specified temperatures, producers and distributors are very concerned about having the right packaging and storage facilities. Manufacturers also deal with issues with packing and storage. The outcome of the dough spoils or goes bad extremely quickly. The shelf life of the food that consumers eat is something they consider. Products that have expired are thought to be harmful and of low quality. The dough has to be properly wrapped and kept to prevent spoilage before use. Additionally, it is challenging to adequately store mass-produced goods since industry producers lack the necessary infrastructure or lack the finances to buy them. Such factors may impede market expansion.
Many stores today have websites where clients may read more about the company and its offerings. Due to the availability of a wide range of items and price comparisons on internet platforms, customers are making more online purchases. The big players benefit from this since it eliminates the need for physical outlets or stores while allowing customers to read reviews made by other users and compare different stores, products, and prices offered by multiple vendors. This is true for the exact frozen dough purchased. This factor is driving the market growth.
The gluten network is harmed by frozen dough storage, which also reduces the dough's capacity to contain gases and lengthens the proving process. By developing holes in the gluten micelles, dough can suffer serious damage to the gluten matrix. The freezing process alters the structure of the starch, making it more difficult for digestive enzymes to digest. Blood pressure might increase, and nutritional value could decline. Additionally, frozen dough may have a thicker consistency and a little more crumbly texture. All of these facts are impeding market expansion.
Since the food industry was shut down during the COVID-19 pandemic, the rising incidence of the corona virus had a negative effect on the global frozen dough business, forcing key companies to endure weak growth. On the other hand, consumers in the domestic market wanted more frozen food to avoid going outside or interacting with people. Additionally, the internet sales channel was running and was delivering frozen and chilled food items to customers' doorsteps. As a result, in the midst of the COVID-19 epidemic, the market for frozen dough saw growth.
The bread segment is estimated to have a lucrative growth, due to the high consumption of bread dough's across the globe. It takes little time to produce frozen bread dough, and it may be easily customized to suit individual tastes. Additionally, it can guarantee consistently good quality and flavor. While the proving and baking procedures are same, using frozen substitutes fully eliminates the need to prepare dough from scratch. The consumer does not need to add preservatives to keep the food fresh because it is frozen to increase shelf life. By simply using what you need while preserving and selling more, frozen bread helps you decrease food waste.
The online segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the growth of internet penetration and smart phones around the globe. Nowadays, a lot of retailers have websites where customers may learn more about the business and its products. Customers are making more online purchases because to the availability of a wide variety of products and price comparisons on internet platforms. Since physical shops or storefronts are no longer necessary, this benefits the larger players. The category growth was accelerated by the use of marketing, promotions, and sponsored alliances to highlight items.
Asia Pacific is projected to hold the largest market share during the forecast period. As consumer's free time shrinks and their lifestyles alter as a result of having more disposable cash, consumer expenditure on frozen meals is predicted to grow. Fast food chains should profitably increase their product offerings in Southeast Asia, China, and India as a result of the growing popularity of Western meals in these regions, which will also help the Asia Pacific frozen bakery industry.
Europe is projected to have the highest CAGR over the forecast period. The development of the regional food market is anticipated to be aided by the increase in the proportion of working women, changing dietary habits, and the accessibility of ready-to-eat food items. Additionally, it is anticipated that growing internet usage would open up new potential for frozen bakery businesses, along with an increase in online food delivery in European nations.
Some of the key players profiled in the Frozen Dough Market include: The Schwan Food Company, General Mills, Inc., Nestle SA, Rich Products Corporation, Conagra Brands, Inc., Aryzta AG, Lantmannen Unibake International, Vandemoortele NV, J&J Snack Foods Corp., Grupo Bimbo, Campbell Soup Company Inc, Hain Celestial Group, Dawn Food Products Inc., Guttenplan's, Gonnella Baking Company, CSM Ingredients, Bridgford Foods Corporation, Ajinomoto, Europastry and Tyson Foods Inc.