Frozen Bakery Market Growth Opportunities, Share And Forecast To 2033

Overview and Scope

Frozen bakery refers to baked goods and products prepared and immediately frozen to preserve their freshness, flavor, and quality. This preservation process involves transforming the water content into ice crystals, preventing microbiological degradation, and maintaining food quality.

Sizing and Forecast

The frozen bakery market size has grown strongly in recent years. It will grow from $42.88 billion in 2023 to $45.32 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%.  The growth in the historic period can be attributed to growth in urbanization and busy lifestyles, increased consumer demand for convenience foods, expansion of retail channels and supermarkets, improvement in cold chain infrastructure, improvement in cold chain infrastructure.

The frozen bakery market size is expected to see strong growth in the next few years. It will grow to $56.83 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.  The growth in the forecast period can be attributed to adoption of clean label and health-conscious, growth in online retailing of frozen bakery products, adoption of automation in frozen bakery production, customization of frozen bakery products for dietary preferences, expansion of plant-based and vegan frozen bakery options. Major trends in the forecast period include advances in quick-frozen technology, development of innovative frozen bakery products, technological advancements in frozen dough production, emphasis on sustainable packaging solutions, application of novel ingredients and flavors, integration of smart packaging for traceability.

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Segmentation & Regional Insights

The frozen bakery market covered in this report is segmented –

1) By Product: Ready-To-Prove, Ready-To-Bake, Ready-To-Eat

2) By Recipe: Bread, Viennoiserie, Patisserie, Savory Snacks

3) By Category: Gluten Free, Conventional

4) By End-User: Convenience Stores, Hypermarkets And Supermarkets, Artisans Bakers, Hotels, Restaurants And Catering (HORECA), Bakery Chains, Online Channels

North America was the largest region in the frozen bakery market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the frozen bakery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

Increasing consumption of convenience foods is expected to boost the growth of the frozen bakery market going forward. Convenience food is food that has been frozen, dried, or canned and can be heated and made quickly and easily. Frozen bakery items are used as convenient meal alternatives due to their pre-prepared status. They allow quick and straightforward baking or reheating, offering consumers freshly baked delicacies with minimum work and time. For instance, in July 2023, according to Food and Drinks Malaysia by SAIL Group, a food and beverage exhibition in Malaysia, the convenience food sector increased by 3.0% in volume in 2023 and is expected to reach 7,829.2 kg by 2027. Further, in Malaysia, the revenue from convenience food amounts to US$31.84 billion in 2022, which is expected to increase by 5.49% during 2022–2027. Therefore, increasing consumption of convenience foods is driving the growth of the frozen bakery market.

Key Industry Players

Major companies operating in the frozen bakery  market report are Nestlé SA, Grupo Bimbo S.A.B. de C.V., Associated British Foods PLC, General Mills Inc., Kellogg Company, Dr. Oetker UK Ltd., ConAgra Foods Inc., Barilla Group, Flowers Foods Inc., Hillshire Brands Company, Rich Products Corporation, Lantmännen Unibake International, Aryzta AG, Vandemoortele Inc., Froneri International Limited., Alpha Baking Company Inc., Pepperidge Farm Incorporated, Europastry SA, Bridgford Foods Corporation, H&S Bakery Inc., Tasty Baking Company, Gonnella Baking Co., Aunt Bessie's Limited, Cole's Quality Foods Inc., Custom Foods Inc.

The frozen bakery market report table of contents includes:

1. Executive Summary

2. Frozen Bakery Market Characteristics

3. Frozen Bakery Market Trends And Strategies

4. Frozen Bakery Market - Macro Economic Scenario

5. Global Frozen Bakery Market Size and Growth

6. Frozen Bakery Market Segmentation

7. Frozen Bakery Market Regional And Country Analysis

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34. Key Mergers And Acquisitions In The Frozen Bakery Market

35. Frozen Bakery Market Future Outlook and Potential Analysis

36. Appendix

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Frozen Bakery Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Frozen Bakery Market, Segmentation By Recipe, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Frozen Bakery Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 75: Nestlé SA Financial Performance

Table 76: Grupo Bimbo S.A.B. de C.V. Financial Performance

Table 77: Associated British Foods PLC Financial Performance

Table 78: General Mills Inc. Financial Performance

Table 79: Kellogg Company Financial Performance

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