Frozen Bakery Market size is expected to exceed USD 55 billion by 2027, according to a new research study published by Global Market Insights Inc. Increasing demand for frozen baked goods in developing nations will be a key driving factor in the global frozen bakery industry growth over the forecast timeframe. High consumption of baked products coupled with workforce unavailability for the production of baked goods in the developing countries will substantially boost the industry outlook.
The major industry driver is the increasing consumption of convenience foods globally. Frozen bakery offers various benefits of food varieties, adaptability, and a wide range of opportunity to reduce food wastage. Hectic lifestyle, increasing working women population, and availability of ready-to-eat processed food products are expected to open new avenues for frozen bakery products in coming years. In the forthcoming years, one of the fastest growing types of cuisine in the food industry is healthy yet convenient dining. The growing interest of consumers in healthy and quality food is projected to have a substantial positive impact on the frozen bakery market statistics.
The demand for frozen bakery items is expected to be driven by the high expansion of the frozen food business, which is expected to be driven by the fast-growing urban households of developing countries. The rising per capita income and the growing tendency of snacking between meals are driving the demand for frozen bakery items. The rise of the industry has been aided by the establishment of retail channels such as supermarkets, hypermarkets, convenience stores, and specialty stores.
Browse key industry insights spread across 270 pages with 259 market data tables & 32 figures & charts from the report, “Frozen Bakery Market Statistics, By Recipe (Bread, Viennoiserie, Patisserie, Savory Snacks), Product (Ready-To-Prove, Ready-To-Bake, Fully Baked), End-user (Convenience Stores, Hypermarkets & Supermarkets, Artisans Bakers, Hotels, Restaurants & Catering [HORECA], Bakery Chains), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
The frozen bread segment of frozen bakery market is set to witness over 5% CAGR between 2021 and 2027. Bread is a staple and widely consumed food product in most developing countries. In Colombia bread consumption has been steadily increasing in recent years. There are more than 4,000 registered bakers in Colombia including huge global corporations and Colombian businesses. Most Colombian small and medium-sized bakeries are dispersed throughout the country's cities and villages. The establishment of fast-food restaurants, such as Domino's, McDonald's, and others, that use a lot of bread in their products will be a major factor driving the need for frozen dough to make bread.
Increasing demand for artisanal bakery products to boost the industry statistics
In 2020, the artisans bakers segment generated around USD 3 billion. Increasing demand for gluten-free frozen bakery products in European countries coupled with rising consumption of cookies, cakes, pastries, bread, and buns will offer potential future for artisanal bakery over the coming years. Advent of international bakeries and café chains over the past few years has increased demand for on-the-go-food globally and the trend is expected to continue over the coming years.
Latin America frozen bakery market is set to witness over 4% CAGR over the forecast period. Bread is one of the staple foods in this region. The tourism industry in the region is increasing as the relationship of Latin American countries are improving with the rest of the world. The increasing penetration of international food companies in Brazil, Argentina, Chile, Colombia, and Mexico will open opportunities for the frozen bakery industry.
Some of the major manufacturers in frozen bakery market are Dr. Oetker, General Mills, Kellogg Company, Associated British Foods Plc, Pan Pa Ya Ltda, Don Maíz SAS, Weston Foods, Europastry, Aryzta AG, and Grupo Bimbo.