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Frozen Bakery Market Size, By Recipe (Bread, Viennoiserie, Patisserie, Savory Snacks), By End-User (Convenience Stores, Hypermarkets & Supermarkets, Artisans Bakers, Hotels, Restaurants, and Catering, Bakery Chains, Online Channels), Product, 2023 - 2032

  • Report ID: GMI1669
  • Published Date: Feb 2023
  • Report Format: PDF

Industry Drivers

Frozen Bakery Market size crossed USD 43 billion in 2022 and is set to expand at a CAGR of 6.5% between 2023 and 2032, supported by the rising demand for convenience food globally.

Frozen Bakery Market

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Increased spending on fast food, particularly by consumers in developed regions, is likely to be crucial for the market progression. In the U.S., this surge in expenditure has been influenced by the recession as people are opting for quick and inexpensive ready-to-eat meals over home-cooked food as they are considered an economical option. The emergence of convenience foods as a staple has increased fast-food restaurant sales in American countries, resulting in huge demand for frozen bakery products for quick preparation.

Mounting preference for conventional fresh baked products may hinder product demand

Most frozen food products have garnered a negative image due to the preservatives and toxic substances they contain. Frozen food is perceived by consumers as being less nutrient-dense than fresh food due to the extensive manufacturing processes and preservatives. This has increased the demand for conventional fresh baked products, significantly hampering the frozen bakery market revenue. However, manufacturers are focusing on developing frozen bakery foods created with nutritious ingredients and without harmful additives in order to overcome this limitation.

Expansion of fast-food chains to boost demand for bread

Frozen Bakery Recipe Market Share, By Bread

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Based on recipe, the frozen bakery market share from the bread segment is estimated to reach USD 31 billion by 2032, owing to expanding fast-food chains that require a huge amount of bread for their products. Furthermore, modern sedentary lifestyles are promoting the creation of new functional food products to meet changing consumer demands, which is expected to favor the market growth. In January 2023, Australian bakery supplier Suprima Bakeries launched its Artisan Frozen Dough line to save bakers time by allowing them to modify their menu offerings and serve different types of bread throughout the week.

Growing demand for healthy bakery foods to favor fully baked segment growth

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market of frozen bakery was valued at more than USD 43 billion in 2022 and is set to record significant growth at over 6.5% CAGR through 2032 owing to the growing demand for convenience food globally.

The bread segment is set to surpass USD 31 billion in revenue by 2032, resulting from expanding fast-food chains that require large quantities of bread for their products.

The market for frozen bakery in Asia Pacific is will reach USD 18 billion by 2032, attributed to the mounting demand for western food over traditional food items.

Some of the leading companies operating in the industry are General Mills, Europastry, Comapan, Rich Products Corporation, Canada Bread Company, Don Maiz SAS., Patagonia Artisan Bakers, Vandemoortele, Aryzta AG, Kellogg Company, Conagra Brands, Inc, Associated British Foods Plc, and Dr. Oetker, among others.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 19
  • Tables & Figures: 648
  • Countries covered: 20
  • Pages: 350
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