USD 66.8 billion
Frozen Bakery Market Size, Share, and Growth Analysis
Frozen Bakery Market By Type (Breads, Cakes & Pastries), By Consumption (Ready to Cook, Ready to Bake), By Specialty Type (Specialty, Non-Specialty), By Distribution Channel (Foodservice, Supermarkets & Hypermarkets), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG30H2124 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
65
|Figures:
75
Format -
Frozen Bakery Market Insights
Frozen Bakery Market size was valued at USD 66.8 billion in 2023 and is poised to grow from USD 70.61 billion in 2024 to USD 110.01 billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).
The popularity of frozen baked products is growing, largely due to its positive characteristics, such as their price, ease of preparation, and accessibility. Frozen bakery goods are more widely used in comparison to traditional ones as they have a longer shelf life. Due to its easy defrost and baking abilities, there is an increase in demand, which supports market growth. These foods provide quick service without sacrificing flavor or freshness. In-store bakeries, coffee shops, fuel stations and quick-service restaurants are just a few of the establishments that buy these products from producers. The demand for frozen bakery is further anticipated to increase because of the year-round availability of these products.
The fast-food sector has expanded as a result of improvements in food processing techniques. The market for frozen baked goods is expected to rise as a result of a growing number of fast-food outlets and restaurants that cater to people who don't have time to prepare meals at home. In addition to the rising consumption of fast food, on-the-go eating is becoming more and more popular. The popularity of ready-to-eat meals will increase as people's lives get busier, promoting the expansion of the business in its entirety.
As technology in the bakery industry advances, frozen bakery items, including bread, are being manufactured at a rapid pace, giving consumers and companies the access to delicious and handy goods. The only equipment needed to prepare frozen baked goods is a basic oven or proofer; they don't need sophisticated facilities or specialized machinery. Bread can also only be baked when there is a shortage or when it is necessary. This factor is anticipated to force commercial bakery producers to make par-baked goods or frozen dough due to benefits like a smaller carbon footprint and less waste output, which may encourage market growth in the years to come.
The majority of clients choose freshness over price when buying bakery products. The belief that packaged food is unhealthy causes a substantial fraction of people to avoid precooked or ready-to-eat items. Large levels of harmful carbohydrates and fats are included in the majority of frozen bakery items. Frequently, partly hydrogenated oil that contains trans fats is used in the manufacturing of numerous frozen foods. The risk of high blood pressure and heart attacks increases with frequent eating of such foods. As a result, it is projected that growing health concerns would be a major barrier.
US Frozen Bakery Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Supermarkets/Hypermarkets
Fastest Growth
Supermarkets/Hypermarkets
Growth Rate
5.7% CAGR
Global Frozen Bakery Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Frozen Bakery Market Segments Analysis
Global Frozen Bakery Market is segmented by Type, Consumption, Specialty Type, Distribution Channel and region. Based on Type, the market is segmented into Breads, Cakes & Pastries, Pizza, Novelties and Others. Based on Consumption, the market is segmented into Ready to Cook, Ready to Bake and Ready to Proof. Based on Specialty Type, the market is segmented into Specialty and Non-Specialty. Based on Distribution Channel, the market is segmented into Foodservice, Supermarkets & Hypermarkets, Convenience Stores, Bakery Stores, Online and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Global Frozen Bakery Market By Distribution Channel 2022 (%)
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Frozen Bakery Market Regional Insights
Asia Pacific is predicted to expand at the fastest rate with a CAGR of 4.8% from 2022 to 2030 because of factors like the sedentary lifestyle, developing economies, and rising disposable income. The dynamics of traditional homes have changed as a result of the rising number of working women, which has markedly increased customer preference for convenience and prepared foods. For instance, the high proportion of working women in India's main urban centers spurred market expansion. In the following years, it is predicted that these variables will lead to a rise in product demand.
North America dominated the market in 2022 with a share of more than 38.8%. There is a higher demand for frozen bakery goods in the area because they have a much longer shelf life than traditional goods. Market rivals are focusing on providing goods with healthy and organic ingredients and less artificial preservatives in response to the increased consumer demand for organic and healthy items.
Global Frozen Bakery Market By Geography, 2022-2030
- Largest
- Fastest
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Frozen Bakery Market Dynamics
Frozen Bakery Market Drivers
Convenience and Time-saving
- The growing demand for convenient food options and busy lifestyles are driving the demand for frozen bakery products as they offer quick and easy meal solutions.
Frozen Bakery Market Restraints
Health Concerns
- Frozen bakery products are often high in calories, sugar, and unhealthy fats, which may discourage health-conscious consumers from purchasing them, thereby challenging market growth.
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Frozen Bakery Market Competitive Landscape
The global market is extremely competitive as a result of the abundance of national and international enterprises. The major manufacturers focus on product development and innovation to adjust to changing consumer tastes by offering outstanding product quality with few artificial additives and a variety of flavors.
Top Players in Frozen Bakery Market
- Europastry (Spain)
- Bridor (France)
- Delifrance (France)
- Evga S.A. (Greece)
- Kohberg Bakery Group (Denmark)
- McKee Foods (USA)
- Vitta Foods (Bulgaria)
- General Mills (USA)
- Grupo Bimbo (Mexico)
- Lantmannen Unibake (Sweden)
- Rich Products Corporation (USA)
- Flowers Foods (USA)
- Yamazaki Baking Co., Ltd. (Japan)
- Associated British Foods plc (UK)
- Campbell Soup Company (USA)
- Warburtons (UK)
- Premier Foods (UK)
- Barilla Group (Italy)
- Harry-Brot GmbH (Germany)
Frozen Bakery Market Recent Developments
- In February 2022, Frozen vegan toaster waffles were introduced by the company Griddle as part of their easy-baking product line. The new waffles are manufactured with natural ingredients, comply with HFSS, and contain 40% less sugar than standard waffles. The new frozen vegan waffles are available in three flavors: blueberry, original and chocolate chip.
- In March 2022, A 62,000 square foot production and distribution facility will be built by Wonder Bakery, an industrial-grade bakery firm, in Dubai Industrial City for USD 14 million. The factory has a yearly manufacturing capacity of 50,000 tons of cold and hot kitchen items, frozen and fresh bakery products, and other products.
Frozen Bakery Key Market Trends
- Growing demand for gluten-free and organic frozen bakery products: Consumers are becoming increasingly health-conscious, and many are seeking out gluten-free and organic options in their food products. This trend is driving the growth of gluten-free and organic frozen bakery products.
- Innovative product offerings: Manufacturers are continually introducing new and innovative frozen bakery products to meet changing consumer preferences. These include healthier options, such as low-calorie and low-fat products, as well as new flavor combinations and unique shapes and sizes.
- Rise of online retail: The growth of online retail has opened up new opportunities for the frozen bakery market, as consumers can now purchase frozen bakery products online and have them delivered directly to their homes. This trend has also led to the growth of direct-to-consumer sales channels for frozen bakery products.
- Increased focus on sustainability: Consumers are becoming more aware of the environmental impact of their food choices and are looking for sustainable options. This trend is driving the development of eco-friendly packaging for frozen bakery products and the use of sustainable sourcing for ingredients.
Frozen Bakery Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Frozen Bakery market's popularity of frozen baked products is growing, largely due to its positive characteristics, such as their price, ease of preparation, and accessibility. Frozen bakery goods are more widely used than traditional ones since they have a longer shelf life. Due to how easy it is to defrost and bake these foods, there is an increase in demand, which supports growth. These foods provide quick service without sacrificing flavor or freshness. In-store bakeries, coffee shops, fuel stations and quick-service restaurants are just a few of the establishments that buy these products from producers. Demand is also anticipated to increase because of the year-round availability of these products.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 66.8 billion |
| Market size value in 2032 | USD 110.01 billion |
| Growth Rate | 5.7% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Frozen Bakery Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Frozen Bakery Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Frozen Bakery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Frozen Bakery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Frozen Bakery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Frozen Bakery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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