Market overview:

The frozen bakery product market is expected to grow from US $ 25.31 billion in 2021 to US $ 33.3 billion in 2028. It is expected to grow at a CAGR of 4.0% from 2021 to 2028.

Some frozen baked products are bread and rolls, cakes and baked goods, and treats and bread rolls. These items are gotten chiefly from wheat, rice, and grain. Frozen bakery items are progressively turning into a fundamental part of the day by day diet, particularly in Europe and North America.

Recent developments:

Bakery manufacturer and ingredient supplier Dawn Foods has signed an agreement to sell its North American frozen food manufacturing business to Rise Baking Company.
Market Drivers and Restraints:

Increasing consumer preference for ready-to-eat food products indirectly encourages demand for frozen bakery products, as they require less time and effort. The processed food market is driven by the increased need for convenience due to the busy lifestyles of customers. This, in turn, has led to increased demand for frozen bakery products. Furthermore, the strong growth of the frozen food industry due to the rapid growth of urban households in developing countries is expected to stimulate the demand for frozen bakery products. Rising per capita income and the growing trend to snack between meals are the key factors driving demand for frozen baked goods. The development of retail channels in the form of supermarkets, hypermarkets, convenience stores, and specialty stores has fostered market growth. Frozen baked goods do not involve zero cooking and therefore require less labor. Therefore, several bakers now prefer to keep frozen baked goods and precooked products in their in-store bakeries. Consumers believe that food products processed a year or more before consumption may not be nutritious. Consumer preference for freshly cooked products remains high due to the assumption that frozen food products lack nutrients. This is due to the perception that its nutritional value deteriorates during the refrigeration process, which significantly restricts market growth.

To know more read:

https://www.marketdataforecast.com/market-reports/global-frozen-bakery-products-market

Report is segmented as:

By Product:

Bread
Pizza crust
Cakes and pastries
Waffles
Donuts
Cookies
By Source:

Corn
Wheat
Barley
Rye
By End Use:

Retail
Food service industry
Food processing industry
By Distribution channel:

Bakery and confectionary
Retail
Catering
Online channel
Geographical Segmentation:

The European market for frozen bakery products is expected to be the largest between 2021 and 2026, while the Asia-Pacific market is expected to grow at the highest CAGR. Europe is the largest market in the market, with a market share of 56.5% in 2020. With numerous EU part nations effectively reassuring makers to deliver frozen bakery items, the market is relied upon to flourish and fail critical development later on. Market development in Europe is generally determined by the grounded French bakery market.

Impact of COVID-19 on Frozen Bakery Products Market:

The COVID-19 outbreak has had a different impact on different industries. Amid the pandemic, the imposition of the lockdown is restricting the supply chain for frozen baked goods. The lack of availability of raw materials and labor, due to restrictions on the movement of people, hinders the production of frozen bakery products. The frozen food industry has seen steady growth amid the pandemic as people consume food that has a longer shelf life. According to AFI, during the COVID-19 outbreak, consumers shopped online at a record rate where sales of frozen foods, including frozen baked goods, increased by 75%. Thus, the increase in online sales of frozen products has had a positive impact on the market for frozen bakery products.



Key market players:

A few players operating in the frozen bakery products market are Dawn Food Products, Inc.; Europastry, S.A; Lantmannen Unibake.; Grupo Bimbo; S.A.B. Dec.V; Aryzta Ag; General Mills, Inc.; Cole's Quality Foods Inc.; Conagra Brands, Inc.; and Bridgford Foods Corporation.

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