Global Frozen Bakery Market

Global Frozen Bakery Market Size, Share, Growth Analysis, By Product(Bread, Cakes & Pastries), By Distribution Channel(Supermarkets & Hypermarkets, Convenience Stores) - Industry Forecast 2024-2031

Report ID: SQMIG30H2124 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 65 | Figures: 75

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Global Frozen Bakery Market size was valued at USD 42.95 billion in 2022 and is poised to grow from USD 44.75 billion in 2023 to USD 62.20 billion by 2031, growing at a CAGR of 4.20% during the forecast period (2024-2031).

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. 'General Mills, Inc.', 'Kellogg Company', 'Nestle SA', 'Conagra Brands, Inc.', 'Dawn Food Products, Inc.', 'Rich Products Corporation', 'Lantmannen Unibake International', 'Bridor, Inc.', 'Grupo Bimbo SAB de CV', 'Aryzta AG', 'Vandemoortele NV', 'Europastry, S.A.', 'Pepperidge Farm, Inc.', 'J&J Snack Foods Corp.', 'Custom Foods, Inc.', 'Gonnella Baking Company', 'Maple Leaf Foods, Inc.', 'Schwan's Company', 'Cargill, Inc.', 'Tyson Foods, Inc.'

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.

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.

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.

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