PUBLISHER: The Insight Partners | PRODUCT CODE: 1624217
PUBLISHER: The Insight Partners | PRODUCT CODE: 1624217
The frozen bakery products market size was valued at US$ 11.09 billion in 2023 and is projected to reach US$ 16.53 billion by 2031; it is estimated to register a CAGR of 5.1% from 2023 to 2031.
The frozen bakery products market is experiencing steady growth, driven by increasing demand for convenience foods and the rise of busy lifestyles favoring ready-to-eat bakery products. Frozen bakery products include bread, cakes, pastries, pizza crusts, and more, offering consumers a wide range of choices that can be easily stored and prepared with minimal effort. The demand for frozen bakery products is strong, especially in urban areas, where consumers seek quick meal solutions without compromising taste or quality. In addition, health-conscious consumers seek frozen bakery products with specific dietary requirements, such as gluten-free, organic, or low-calorie. The transition in dietary patterns has driven various manufacturers to expand their product range, thereby fueling market growth.
Consumers increasingly seek convenience, nutrition, and artisanal quality while preparing or purchasing baked goods, prompting manufacturers to enhance product quality and develop innovative products to cater to evolving consumer demands. Manufacturers are investing significantly in strategic development initiatives such as product innovation, research and development, mergers and acquisitions, and business expansion to attract a broad customer base and enhance their market position. In March 2021, Rudi's Gluten-Free Bakery, in collaboration with Rudi's Organic Bakery, launched Rudi's Rocky Mountain Bakery-a frozen bread brand making small-batch, artisanal, and gourmet packaged baked goods. In August 2024, T. Marzetti Co. (a subsidiary of Lancaster Colony Corp) launched New York Bakery gluten-free frozen bread with a patent-pending formulation. This new frozen bread portfolio includes Garlic Texas Toast and Five Cheese Texas Toast. Innovative ingredient sourcing and processing approaches have allowed manufacturers to offer high-quality, allergen-free, and gluten-free baked goods that align with these dietary restrictions. For instance, in October 2022, Cappello's introduced the Low Carb Lifestyle Uncured Pepperoni Pizza. This frozen pizza is gluten-free and keto-friendly, containing high-fiber and a crust crafted with turnips, flaxseed, and almond flour for health and diet-conscious consumers. Thus, increasing product innovations and launches by key players drive the global frozen bakery products market.
Based on distribution channel, the frozen bakery products market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. In the frozen bakery products market, supermarkets and hypermarkets play a key role in helping the products reach a wide consumer base. Supermarkets, known for their extensive product offerings and accessibilities, serve as primary retail outlets for frozen bakery products. The diverse product range of hypermarkets provides a more expansive platform for the distribution of frozen bakery products. The visibility of these products in hypermarket settings enhances consumer awareness and accessibility. Further, the ability of hypermarkets to negotiate bulk purchases with suppliers is expected to impact their pricing and promotions, making frozen bakery products more appealing to a broader audience. These distribution channels offer a convenient and familiar environment for consumers to explore and purchase frozen bakery products, aligning with the broader trend of making such products easily accessible. Owing to their large customer base, manufacturers in the frozen bakery product industry typically prefer to sell their goods through supermarkets and hypermarkets. Major supermarket chains such as Walmart and Tesco have partnered with frozen bakery products manufacturing companies to maintain an uninterrupted supply of popular brands.
A few players operating in the frozen bakery products market include Grupo Bimbo SAB de CV; Rhodes International Inc; General Mills Inc; Pepperidge Farm Inc; Bridgford Foods Corp; Conagra Brands Inc; Cole's Quality Foods Inc.; Sara Lee Frozen Bakery LLC; T. Marzetti Company; and The Edwards Baking Company, among others. Players operating in the frozen bakery products market focus on providing innovative and healthy products at affordable prices to fulfill customer demand.
The overall frozen bakery products market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the frozen bakery products market.