Global Frozen Bakery Market to Rise Steadily at 7.4% CAGR
The global frozen bakery market is projected to reach US$ 39 Bn by the end of 2030. The market was valued at over US$ 19 Bn in 2020. If these figures hold true, the market will exhibit a CAGR of 7.4% CAGR between 2020 and 2030. Regionally, Europe held a major share in the market. However during the forecast period, the market in Asia Pacific is likely to witness the fastest growth. Among products available in the market, frozen breads held the largest share. Also, supermarkets and hypermarkets have emerged as the most preferred channels of distribution.
KEY RESEARCH FINDINGS
- The global frozen bakery market is forecast to reach US$ 39 Bn by 2030 from US$ 19.1 Bn in 2020
- If these figures hold true, the market will exhibit a CAGR of 7.4% through the course of the forecast period
- Regionally, Europe holds the leading market share, yet Asia Pacific is forecast to report a higher CAGR
- Hypermarkets and supermarkets to remain dominant distribution channels as consumers continue seeking out instant gratification of their needs
- In the coming years, the increase in availability via online stores will stoke growth opportunities
- Increasing penetration of the internet and rising availability of smartphones boost online channels of sales, in turn bolstering growth prospects for the frozen bakery market
KEY FACTORS MOLDING FROZEN BAKERY PRODUCTS BLENDS MARKET
Convenience Foods Has Leap Faith In Market Growth
Driven by evolving lifesyle along with their eating habits of consumers are inceasingly turning to increase in the cosnumption of bakery products and frozen products. Consumers has usually stock up things due to its longer shelf life, which is one of the significnat reason,that propel the marekt demand for frozen bakery products. In addition, to these the demand for bakery products, such as pizza, cookies, cakes and other related produtcs are driven by the millenials, due to which fuels the market demand for frozen bakery products.Moreover, the key players are majorly inclined towards expansion, and acquisition & mergers in order to strengthen their product offering and portfolio. Their expansion strategies are further aided by expansion of their distribution channels. Some of these companies are particularly focusing on making their products widely available across online channels. This is likely to boost their businesses in the coming years.
Innovative Packaging Supports Market Growth
Due to increasing consumption and expanding consumer group, manufacturers who are operating in the frozen bakery products market are coming up with innovative packaging and marketing strategies. For instance, there is a particular focus on distinguishing products by innovative packaging such as they use catlax pacakaging which prtoect the food for bacteria and other microrangnism andf gives longer shelf-life to the product.Listed factor fueling the demand and anticpiated to remain the same over the sinificant period of time.
COVID-19 Pandemic to Hinder Market Growth
The demand for frozen bakery product is likely to surge amid lockdown enforced across various nations. As “stay-at-home” orders swept across nations, consumers demonstrated a unique behavior of piling up on essential commodities and shelf stable foods. This has led to the favorable growth to the market. On the downside, supply chain disruptions are hindering the market growth of frozen bakery products. Border closures, quarantines, and trade disruptions could restrict people’s access to frozen bakery products, restricting the growth of the market.
FROZEN BAKERY PRODUCTS MARKET STRUCTURE ANALYSIS
- The global frozen bakery products market is a fragmented and competitive market with the presence of various major and small players.
- Manufacturers are focusing on R&D activities to bounce back following the impact of coronavirus
Base year considered
Actual estimates/Historical data
2016 - 2010
2020 - 2030
Market Value in 2020
US$ 19.1 Bn
Product Type, Distribution Channel, End User, Region
North America, Latin America, Europe, APEJ, Japan and MEA
Dawn Food products Inc, General Mills, Lantmannen, Cole’s Quality Food Inc, Europastry, Bridgford Foods Corporation, Conagra Brands, Cargill, Grupo Bimbo , Aryzta AG
Revenue forecast, company share, competitive landscape, growth factors, and trends
Rising Demand for Processed Food and Changing Consumer Preferences to Boost Growth
Processed food has become one of the preferred choices of convenient foods complementing today’s hectic lifestyle. As a result, there is an inevitable rise in the demand for baked food. This has in turn led to the growing acceptance of frozen bakery since it is easily available and can be prepared for meal in much lesser time. In addition to this, the low cost of frozen bakery makes it ideal for consumption among millennial. The market will especially gain from the rising demand from small and large-scale food chains and coffee shops. Furthermore, expansion of catering and hotel industries, which also happen to be among leading end users, will drive the frozen bakery market.
Expansion of Tourism & Catering Industries Aiding Growth in Europe
Regionally, Europe currently holds the leading market share. Expansion of tourism and catering industries will support the market growth in the region. In Europe, countries such as the U.K., Italy and Germany have emerged as the most lucrative markets for frozen bakery. The rising demand for convenient and ready to eat products especially for their breakfast menu is favouring the growth of the frozen bakery market in the region. The market now has several variants in gluten-free products, which has enabled it to gain momentum around the world.
Western Influences in Lifestyle Supporting Expansion in Asia Pacific
In the coming years, the market will witness high demand in developing nations as well. For instance, FMI projects the Asia Pacific market for frozen bakery to rise considerably in the coming years. Much of this is attributable to the increasing western influence in lifestyle of common men. Besides this, the rising disposable income of consumers and their willingness to spend on ready-to-eat food will bode well for the overall market.
Breads constitute leading share
Cakes and pastriessegment to record higher rate of growth
Retail segment holds dominance
Catering and industrial segment to rise at highest CAGR
How Growth will Unfold
The expansion of existing distribution channels has considerably influenced growth witnessed in the market. Frozen bakery is now available across supermarkets/hypermarkets, convenience stores and bakery stores. In the last couple of years, producers have made it a point to make their products available across online stores giving a major impetus to the frozen bakery market. Aided by increasing penetration of smartphones and internet at a pocket-friendly cost has bolstered the overall consumer base of the market.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Frozen Bakery Products Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Frozen Bakery Products market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Frozen Bakery Products market, the growth prospects of the market are obtained with maximum precision.
Frozen bakery products Market Taxonomy
The global Frozen Bakery Products market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
- Cakes & Pastries
- Convenience Store
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Frozen Bakery Products market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Frozen Bakery Products market.
Readers can find the detailed segmentation and definition of the Frozen Bakery Products market in this chapter, which will help them understand basic information about the Frozen Bakery Products market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Frozen Bakery Products market report.
The associated industry assessment of the Frozen Bakery Products market is carried out in this section. The macroeconomic factors affecting growth of the Frozen Bakery Products market are provided in this section and the impact of these macroeconomic indicators on the Frozen Bakery Products market is analyzed. The processing overview and technological advancements in the Frozen Bakery Products market is also provided.
Profit margins at each level of the Frozen Bakery Products market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Frozen Bakery Products market.
The drivers and restraints impacting the growth of the Frozen Bakery Products market are explained in this chapter. Opportunities and ongoing trends in the Frozen Bakery Products market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Frozen Bakery Products market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030).
Based on Type, the Frozen Bakery Products market is segmented into Bread, Cakes & Pastries, Pizza, amd Others. In this chapter, readers can find information about key trends and developments in the Frozen Bakery Products market and market attractiveness analysis based on raw material.
Based on Distribution Channel, the Frozen Bakery Products market is segmented into Supermarkets, Hypermarkets, Convenience Store, and Online. In this chapter, readers can find information about key trends and developments in the Frozen Bakery Products market and market attractiveness analysis based on raw material.
This chapter explains how the Frozen Bakery Products market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Frozen Bakery Products market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Frozen Bakery Products market in Latin America. This chapter also includes growth prospects of the Frozen Bakery Products market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Frozen Bakery Products market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Frozen Bakery Products market.
This chapter includes a detailed analysis of the growth of the Frozen Bakery Products market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Frozen Bakery Products market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Frozen Bakery Products in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Frozen Bakery Products market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Frozen Bakery Products market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Kellogg Company, Cargill Corporation, Conagra Brands Inc., Custom Foods, Inc., Vandemoortele N.V., Bridgford Foods Corporation, Associated British Foods plc, General Mills, Inc., Europastry, Cole’s Quality Foods Inc., Flowers Foods, Grupo Bimbo S.A.B. de C.V., Associated British Foods plc, Aryzta AG, Lantmannen Unibake International, Europastry, S.A., Premier Foods plc, and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Frozen Bakery Products report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Frozen Bakery Products market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits