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Product Overview
Bakery products are becoming the new food staple with the changing needs and modern lifestyle. The diversified range of products has contributed t- fulfilling the day-to-day basic needs of the consumers. The growing tendency towards a healthy lifestyle and consumption of nutritious food has led the bakers t- offer healthier options. Popular bakery products include bread, pastries, doughnuts, cookies, which are prepared by using a mixture of cereal-based flour (especially wheat) with sugar, salt, yeast, water. population from the same income group can afford bakery products and due t- their convenience and accessibility, they lie under the fast-moving consumer goods (FMCGs). All types of food products can be frozen except some, bakery products can als- be frozen with a shelf life of 1 week t- 3 months and even more. Shelf life depends upon the type of product and freezer.
Market Highlights
Global frozen bakery product market is expected t- project a notable CAGR in 2030.
Global frozen bakery products market t- surpass USD XXX million by 2030 from USD XXX in 2020 by CAGR of XX% throughout the forecast period i.e. 2020-30. global frozen bakery products market is anticipated t- grow on the back of increasing demand for ready-made, easy t- use/bake, tasty, convenient, and healthy food products. Expansion in potential demand for frozen bakery products is expected t- rise in Asia-Pacific market due t- the rise in purchasing power parity and disposable income of the growing population. Moderate competition is witnessed due t- the existence of several small- and large-scale firms. The frozen bakery products market has been characterized based on segments by product type, claim, distribution channel, technology, and region. Consumer demand depends on many factors like price, tastes, and preferences like quality, nutritional value, good taste of the products, also, easy and instant delicacies that take less time for preparation since baking from scratch is a highly labor-intensive task and time-consuming, the frozen bakery product market is gaining popularity amongst consumers by providing them with a convenient range of products.
Recent Highlights in Global Frozen Bakery Products Market
In July 2018, Sara Lee Frozen Bakery commenced operations with the acquisition of Tyson Foods' frozen bakery business by Kohlberg & Company. Sara Lee is a leading frozen-bakery products and dessert maker, its product line comprises if Sara Lee Frozen Bakery, Bistro, Van's, and Chef Pierre collection.
In 2018, Europastry acquired Confeitaria Torres. The second company is a Portuguese company specializing in both deep-frozen and fresh bakery products. Through this acquisition, Europastry is entering int- the frozen bakery products market.
Global Frozen Bakery Products Market: Segments
Bread segment t- grow with the highest CAGR during 2020-29
Global Frozen Bakery Market is segmented by product type int- Bread, Cake and Pastries, Cookies and Other. The bread segment held the largest market share of XX.X% in the year 2019 and is expected t- grow at the fastest pace during the forecast period due t- increasing demand because of its wide range of variables such as whole wheat bread, multigrain bread, gluten-free bread which has provided with healthier options t- the consumers. However, its market dominance is challenged by other bakery products such as cookies and cakes, and pastries which have witnessed rapid growth in recent years and are expected t- continue t- expand in the forthcoming years.
Organic segment t- grow with the highest CAGR during 2020-29
global frozen bakery market is segmented by the type of claim int- Gluten-free, Organic, Sugar-free, Low calories, and Others. The Organic segment held the largest market share of XX% in the year 2019. The organic segment is a healthier alternative which only makes the use of natural ingredients and does not use chemical compounds in the production of products, thus, making it healthy and nutritious. The gluten-free segment is als- anticipated t- grow rapidly with the rising numbers of gluten-sensitivity in the consumers.
Supermarkets/Hypermarkets segment t- grow with the highest CAGR during 2020-30
Global frozen bakery product market is als- segmented by distribution channels int- Specialty stores, Convenience Stores, Supermarkets/Hypermarkets, Online, and Artisan Bakers. The supermarkets/hypermarkets segment held the largest market share of XX% in the year 2019. The supermarkets/hypermarkets conveniently provide a wide range of variety of products at the same place, also, it provides product scanning for authenticity, proper contents, and packaging which is highly preferable by most consumers.
Fully-baked segment t- grow with the highest CAGR of XX% during 2020-30
Global frozen bakery product market is segmented by technology int- ready-to-bake, ready-to-prove (raw material i.e. frozen dough), and fully-baked. The fully-baked segment held the largest market share of XX% in the year 2019. Fully-baked products are quick t- use, highly convenient, and versatile, thus, leading t- rising demand and increased adoption by the consumers.
Market Dynamics: Global Frozen Bakery Products Market
Drivers
Increasing demand for frozen bakery products in the household sector
Consumer preferences are changing towards convenient products which are leading t- a rise in the frozen bakery products industry. Consumers prefer convenient products as they are instant and easy t- grab in the breakfast, especially, working women als- consider t- opt for ready t- use bakery products since it is time-saving, healthy, and has a reasonable price which is another driving factor of the market growth. Besides, in Asia-Pacific region, the rising demand for frozen bakery products has been observed as people have less time t- spend on baking foods.
Rising demand for frozen bakery products by the foodservice industry
The growth of cafes and foodservice outlets has led t- rising demand for frozen bakery products by the foodservice industry food foodservice industry includes all those businesses that prepare food and ensure its availability outside the homes like cafes, restaurants, ants, and cafeterias of school, hospitals, office etc. It is convenient t- store and freeze bakery products for a longer duration of time, minimizes extra costs of labor due t- the options like ready t- bake and ready t- thaw.
Restraints
Traditional freshly baked products and high electricity consumption
Freshly baked products are still preferred by most consumers over frozen products, as they believe in consuming on-the-spot processed bakery products considering them t- be much healthier. Frozen bakery products als- require a need t- freeze t- ensure at a certain temperature which sometimes als- leads t- higher electricity bills.
Global Optical Coatings Market: Regions
Europe segment t- grow with the highest CAGR of XX% during 2020-29
Global frozen bakery product market is segmented by region int- North America, Asia Pacific, Europe, Latin America, Middle East, and Africa. Geographically, Europe is likely t- dominate the market due t- the higher demand for gluten-free, whole-wheat, high-fiber, trans-fat products. The well-established bakery market promotes innovation and new product development and have strengthened the supply chain, product array, and distribution channels. Expansion in potential demand of frozen bakery products is expected t- rise in Asia-Pacific market due t- the rise in purchasing power parity and disposable income of the growing population
The global frozen bakery products market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia the and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - North Africa, Israel, GCC, South Africa and Rest of MENA
Global frozen products Market: Impact of COVID-19
Global pandemic COVID-19 has become a global stress, not just for human lives, but als- t- industries across different industry verticals. The COVID-19 disease has infected several million people globally, with United States accounting for the highest share of infected cases. With increasing number of active cases on a daily basis, the duration of the pandemic is still difficult t- predict. Yet the adverse effect of COVID-19 can be felt upon the global frozen products market owing t- the fluctuation in demand for products associated with frozen bakery products, the effect on manufacturing organizations due t- the implementation of lockdown norms in many nations worldwide and others.
Global Frozen Bakery Products Market: Key Players
Grup- Bimb- S.A.V de C.V.
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Yamazaki Baking Co., Ltd.
JAB holding Company
ARYZTA AG
Tyson
Associated British Foods plc
Mondelez International
Dr. August Oetker KG
Europastry, S.A
Nestle, S.A
Conagra Brands
Campbell
Schwan
Kellogg Company
Kuchenmeister GmbH
La Lorraine Bakery Group
Südzucker Group
Kobeya
Flowers Foods Inc
Orkla
Palerm- Villa
Other Prominent Players
The global organic coffee market report als- contains analysis on:
Frozen Bakery Products Market Segments:
Product Type
Bread
Cakes and Pastries
Cookies
Others
Distribution Channel
Specialty Stores
Convenience Stores
Supermarkets/Hypermarkets
Online
Artisan Bakers
Others
By Technology
Ready t- Bake
Ready t- Prove
Fully Baked
By Claim
Gluten-free
Organic
Sugar-free
Low calories
Others
Frozen Bakery Products Market Dynamics
Frozen Bakery Products Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints