U.S. Frozen Bakery Market Analysis

U.S. Frozen Bakery Market Analysis

Bread segment of the U.S. frozen bakery market will be witnessing promising gains during the forecast period. This can be attributed to the high demand of frozen dough for making breads, which can be used for making endless variety of bakery products. Bread is an integral component for many of the main desserts and other bakery items. The growing bread consumption in the U.S. will be driving frozen dough demand in the coming years, thus positively influencing frozen bakery market over the forecast period.
 

Patisserie includes all types of pastries and cakes. The segment shall witness moderate growth rate during the forecast period. Pastries and cakes are integral part of any celebration, be it birthdays, weddings, anniversaries, parties or any such special occasions. The patisserie segment has witnessed entry of some of big baking companies in recent times owing to the rising demand for fancy and decorative cakes and pastries in the market. This will positively influence frozen bakery demand over the forecast timeframe.
 

Widespread importance on the morning meal will spur the demand for packaged breakfast baked products, which includes bagels, donuts, croissants and muffins. Rising demand for portability and convenience food are some of the major driving forces influencing this market. Ready to bake segment held the largest share in the U.S. frozen bakery market in 2017 and shall remain in the same position by 2024. Ready to bake products save time of consumers in making the ingredients mixture and since they are in perfect composition, the chances of successful baking rise substantially.
 

Hotels, restaurants and caterers’ segment will witness highest CAGR in U.S. frozen bakery market during the forecast timeframe. This segment also includes quick service restaurants, which is poised to experience a prominent growth rate in the U.S. during the forecast period. Quick service restaurants have become popular in the U.S., especially the food trucks culture has gained American attention to a great extent. These restaurants mostly have recipes that can be prepared under 30 minutes, which attracts a large pool of consumers who are always in hurry and prefer eating while walking. This positive attitude of consumers towards quick service restaurants will ultimately be beneficial for frozen bakery market size over the forecast timespan.