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Canada Frozen Bakery Market Size By Recipe (Bread, Viennoiserie, Patisserie, Savory Snacks), By Product (Ready-to-prove, Ready-to-bake, Fully Baked), By End-user (Convenience Stores, Hypermarkets & Supermarkets, Artisan Bakers, Hotels, Restaurants, And Catering [HORECA], Bakery Chains), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2018 – 2024

  • Report ID: GMI2936
  • Published Date: Sep 2018
  • Report Format: PDF

Industry Trends

Canada Frozen Bakery Market size was estimated over USD 2.8 billion in 2017 and will exhibit growth of over 5.5% up to 2024. 

Canada Frozen Bakery Market

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Development of retail and multi-chain outlets in Canada is a key driving factor for the frozen bakery market. Independent and small-scale retailers are the pillars of the Canadian food economy. These small chain and multichain retailers account for approximately 90% of the country’s market share and also contribute to about 30% of the nation’s gross domestic product. With increasing number of small-scale retailers, multi-chain retail is also increasing as the country’s economy is attempting to adopt and evolve according to the changing global trends. These factors will propel the Canada frozen bakery market in the coming few years.

Superior properties of frozen baked good is also said to have a considerable advantage in the Canadian food industry. The frozen bakery market is witnessing growth due to the development of new technologies related to this industry. These developments are pushing the manufacturers to achieve superior taste, quality and shelf lives of the products in the frozen state. Increased shelf-life, ease of storage and preparation is said to be one of the major factors driving the Canada frozen bakery market. Future developments in this industry will open new growth avenues for the frozen bakery market in the forecast period.

To maintain low temperatures as per the commercial standards of food preservation, a lot of energy is required. It also requires special packaging of frozen products such as fold-up boxes that keeps the packaging and the product intact. Moreover, energy efficiency of the equipment used for storage will also result in the cost fluctuations. High energy cost and fluctuation in energy prices are said to be the restraining factors for the frozen bakery market growth in Canada.

Frozen Bakery Market, By Recipe

Based on recipe, the Canada frozen bakery market is segmented into bread, viennoiserie, patisserie, and savory snacks. The bread segment consists of un-baked, partially-baked as well as fully baked products and consists of a major market share in the industry. Viennoiseries on the other hand consists of baguettes, croissants, brioche, chouquettes, and other such pastries. Savory snacks consists of crisps, savory biscuits, tortillas, chips and other such products.

Increasing demand for savory snacks are said to drive the Canada frozen bakery market demand in the forecast years. Bread accounted for over 70% of the overall industry share followed by viennoiseries. On the basis of revenue, the viennoiseries segment accounted for over USD 400 million in 2017 and is said to grow at the second highest CAGR in the forecast period. Patisseries segment is said to grow at a relatively slower rate than bread owing to huge demand for bread as compared to the pastries.

Frozen Bakery Market, By Product

On the basis of product, the Canada frozen bakery market is segmented into ready-to-prove, ready-to-bake, and fully baked products. Uncooked dough that needs fermentation and baking time of approximately 12 hours is included in this segment. This segment is said to grow at the second highest CAGR in the forecast timespan.

Ready-to-bake is the major segment with the highest market share in terms of volume. The segment is said to witness the fastest growth with a CAGR of over 5.5%. The fully baked segment is said to surpass USD 400 million owing to its high demand among hotel chains, quick service restaurants and cafes.

Frozen Bakery Market, By End-user

The Canada frozen bakery market is segmented on the basis of end-user industries as convenience stores, hypermarkets & supermarkets, artisans bakers, HORECA (hotels, restaurants, and catering), and bakery chains. The hypermarkets & supermarkets segment is said to have the highest industry share of around 45% in the Canada frozen bakery market.

Considering revenue, HORECA is said to have the second highest market share in the product industry and will grow at a CAGR of over 5.5%. Artisan bakers purchase the product in small quantities to cater to their local demand with attractive baked foods. This segment is said to grow at a CAGR of over 4.5%

Competitive Market Share

Industry players competition in Canada frozen bakery market include Canada Bread Company, Weston Foods, Rich Products Corporation, Grupo Bimbo, Europastry, General Mills Inc., Aryzta AG, and Dunkin' Brands to name a few. Recently, in March 2015, Weston Foods, a subsidiary of George Weston Limited ("Weston"), completed the purchase of Starr Culinary Delights Inc. of Mississauga, Ontario. The acquired company was known for its products such as tarts and different types of cakes.

Grupo Bimbo, one of the market leader has recently in October 2017 Grupo Bimbo, acquired the East Balt Bakeries, a company that dealt in bakery products. The company had gained a fair share of revenue and expanded its production capacity by taking over East Balt’s 2,200 experienced working professionals and 21 baking plants located in 11 countries across the globe.

Industry Background

The Canada frozen bakery market is majorly driven by its end-user industries. Changing tastes and eating preferences of consumers due to hectic lifestyles has led to increasing quick serve and ready-to-eat food selling restaurants and cafes. Time-pressured consumers are left with no choice but to manage their working lifestyle with such food that takes minimum time for cooking. Developed corporate lifestyles and eating habits of consumers is said to boost the Canada frozen bakery market.

Authors: Kiran Pulidindi, Akshay Prakash

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  • Base Year: 2017
  • Companies covered: 8
  • Tables & Figures: 43
  • Countries covered: 1
  • Pages: 85
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