Frozen Bakery Market Growth & Trends

The global frozen bakery market size is expected to reach USD 59.86 billion by 2030, expanding at a CAGR of 4.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. An increasing preference for convenience foods and the prominence of specialty frozen bakery products are the main factors driving the growth of frozen bakeries. A noticeable rise in the demand for processed food owing to busy lifestyles is predicted to boost the global market growth.

The growing consumer preference for ready-to-bake and ready-to-eat (RTE) products, attributed to busy and hectic lifestyles and long working hours drives robust global demand for frozen bakery items. The rapidly increasing working population, particularly working women, is anticipated to drive the market during the projected time period. Moreover, the presence of leading players has contributed significantly to the market's growth.

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A substantial improvement and upgrade in the organized retail sector, especially in emerging economies, is resulting in increased product availability and visibility. This scenario is expected to contribute to the growth of the frozen bakery industry. Furthermore, rising consumer preference for organic and clean-label products as a result of rising wellness and health concerns presents potential opportunities for producers to diversify their product portfolio, support increasing demands, and generate revenue.

The market has been continually evolving to develop products with healthier ingredients. Frozen bakery products without using dairy ingredients are no longer consumed solely by the lactose-intolerant. There is currently a wide range of variants of non-dairy frozen treats available for those following a specific diet such as vegan or seeking variety. There is no shortage of dairy-free options in the frozen bakery market, ranging from small companies providing vegan options to larger companies offering non-dairy variants of their classic flavors. Almond milk, oat milk, and coconut milk are some dairy-free alternative bases.

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Frozen Bakery Market Segmentation

Grand View Research has segmented the global frozen bakery market based on product, distribution channel, and region:

Frozen Bakery Product Outlook (Revenue, USD Million, 2017 - 2030)

·         Bread

·         Cakes & Pastries

·         Doughnuts & Pies

·         Pizza

·         Novelties

Frozen Bakery Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)

·         Supermarkets & Hypermarkets

·         Convenience Stores

·         Bakery Stores

·         Online

List of Key Players in the Frozen Bakery Market

·         Kellogg Co.

·         Cargill, Incorporated

·         Conagra Brands, Inc.

·         Custom Foods Inc.

·         Vandemoortele NV

·         Bridgford Foods Corporation

·         Associated British Foods plc

·         General Mills Inc.

·         Europastry

·         Cole’s Quality Foods, Inc.

·         Flowers Foods

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 Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 companies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.

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