Frozen Bakery Market
The global market for frozen bakery products was worth around USD 21,952.8 million in 2021 and is estimated to grow to around USD 30,615.3 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.7% during the forecast period. The report analyzes the drivers, restraints/challenges of the frozen bakery products market and the effect they have on the demands during the projection period. Additionally, the report explores emerging opportunities in the frozen bakery products market.
Key players operating in the global Frozen Bakery Products market include
Dawn Food Products Inc.
General Mills Inc.
Brands Conagra Inc.
Cole’s Quality Foods Inc.
Bridgford Foods Corporation, Associated British Foods plc
Frozen bakery products have seen an increase in demand on the back of changing consumer trends and this has fueled the market potential in the past. The frozen bakery products market is expected to rise at a constant CAGR during the forecast period owing to increasing demand from the growing workforce across the globe. The especially growing number of female workers will drive sales of frozen bakery products through 2028.
Frozen bakery products are almost directly available for consumption and therefore satisfy the need for nutrition without having to spend a lot of time on it and this factor increases their demand. People around the world have seen an increase in demand for pre-cooked and packaged foods that do not require much time to cook.
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However, the high cost of equipment to produce frozen bakery products is expected to have a constraining effect on the frozen bakery products market potential in the long term. Frozen bakery equipment companies will focus on developing more affordable equipment to drive sales and increase revenue potential. Manufacturers of frozen bakery products will be able to extend their profits by investing in this affordable equipment over the anticipated period.
The 2020 pandemic resulted in a drop in sales of frozen baked goods and this was due to the spread of coronavirus infections leading to lockdowns. Strict lockdowns were imposed in various nations hampering the production and sale of frozen bakery products as multiple production facilities and multiple sales channels such as mall stores etc. were closed to prevent the spread of infection.
The frozen bakery products market is expected to rise steadily in the post-pandemic era due to the lifting of lockdown restrictions and the resumption of global activity to a normal stance. The increased disposable income will also benefit the frozen bakery products market potential during the forecast period.
The global frozen bakery products market is segregated based on category, product type, end use, and region. Depending on the type of product, the global market is distinguished into bread and buns, cakes and pastries, cookies and biscuits, and others. The bread and rolls segment will have a dominant outlook as bread consumption is high worldwide and its increasing use as a staple in multiple diets is also expected to further drive demand for this segment during the forecast period.
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In December 2020, Dawn Foods, a multinational name in the bakery industry, announced the sale of its North American frozen goods manufacturing business to the rising bakery group, which will focus solely on the development of baking ingredients. bakery for the digital future.
The global market for frozen bakery products is segmented as follows:
By product type
bread and rolls
Cakes and Pastries
Cookies and Biscuits
By end use
The United States
Rest of North America
The United Kingdom
rest of europe
Rest of Southeast Asia
Rest of Asia Pacific
Middle East and Africa
United Arab Emirates
Rest of the Middle East and Africa
Rest of Latin America
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