The report "Frozen Bakery Products Market by Type
(Bread, Pizza Crusts, Cakes & Pastries), Distribution Channel (Conventional
Stores, Specialty Stores), and Form of Consumption (Ready-to-Proof,
Ready-to-Bake, Ready-to-Eat) - Global Forecast to 2026", published by
MarketsandMarkets™, global frozen
bakery products market is projected to reach USD 29.5 billion by 2026, from USD
22.3 billion in 2021, at a CAGR of 5.8% during the forecast period. The busy
lifestyle of consumers has contributed to the growth of the bread manufacturing
industry to produce new products that could cater to the rise in demand from
consumers. The increase in consumption of frozen bakery products in the
emerging markets of Asia Pacific and Latin America has also led to a rise in
the sales of frozen bakery products. The demand for frozen bakery products in
developing regions is driven by the increase in disposable income.
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Cakes & pastries are the major by type segment
having the highest CAGR of the frozen bakery products market during the
forecast period.
A pastry differs from
bread in terms of fat content, contributing to the flaky texture. Pastry dishes
include pies, tarts, sponge cakes, croissants, and muffins. The frozen cake is
a form of sweet-baked dessert consisting of flavored ingredients, such as fruit
extracts. Specialty cakes are gaining popularity, with a high starch-gluten
ratio and low-protein wheat. They are further segmented into sponge cakes,
muffins, and cookies. Currently, the frozen bakery product market players
utilize new technologies to achieve the required/recommended levels of freezing
for cakes. In countries such as the US, Canada, and Mexico, frozen cakes have
been at the forefront among other frozen bakery products.
By distribution channel, the conventional stores
dominated the frozen bakery products market in 2020.
Conventional stores have
the potential to be a prominent distributional channel for frozen bakery
products. Niche retailers among these stores have also realized the opportunity
to establish an effective retail chain. Earlier, these companies marketed their
line of products only through exclusive stores situated in prime locations.
However, these companies now understand the dynamic changes in consumer
preferences for healthier food products. Hence, a majority of the companies are
marketing their products across regions through all possible channels to ensure
sustainability in the global market. Thus, distribution channels play a vital
role in bridging the gap between key players of frozen bakery products and the
end consumers in the market.
Browse in-depth TOC on “Frozen Bakery Products Market”
190 - Tables
57 - Figures
232 - Pages
Asia Pacific region is projected to witness the
highest growth in the frozen bakery products market by 2026.
The Asia Pacific region
is among the fastest-growing regions for frozen bakery products. The food &
beverage industry has contributed significantly to the market growth in this
region. Due to the growing population, rising incomes, and increasing
urbanization the market growth is significant. These factors are projected to
support the growth of niche markets, such as frozen bakery products. The market
is driven by the increase in demand for convenience food products in developing
countries such as India, China, Japan, and Australia. In the Asia Pacific
region, China accounted for the largest share in the frozen bakery products
market in 2020.
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Key players:
The key players in this
market include Grupo Bimbo (Mexico), General Mills Inc. (US), Aryzta Ag
(Switzerland), Europastry, S.A. (Spain), Conagra Brands, Inc. (US), Associated
British Foods Plc (UK), Kellogg Company (US), Lantmannen Unibake International (Denmark),
Vandemoortele Nv (Belgium), Premier Foods Group Ltd. (UK), Cargill,
Incorporated (US), Flowers Foods (GA), Bridgford Foods Corporation (US), Coles
Quality Foods Inc. (MI), and Dawn Food Products Inc (MI).
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