The frozen bakery products market is projected to grow at a CAGR of 6.49% to reach US$25.830 billion in 2024 from US$17.712 billion in 2018. Bakery products are in high demand by the customers worldwide due to the changing lifestyle conditions and thus frozen bakery products have also come into vogue whereas conventional bakery products are kept frozen until their consumption. Frozen foods do not require preservatives as freezing does not allow microbial growth. Also, carboxymethyl cellulose (CMC), a stabilizer is used in bakery products as it does not cause any adulteration. The rising trend of the ready-to-eat, ready-to-bake food products, and ready-to-thaw baked foods are driving the growth of the global frozen bakery products market and are in high demand in cafes, restaurants, and in-store bakeries, and many fast-food restaurants as well. Additionally, the increasing demand for convenient food and products offered as instant delicacies will drive the market growth in the near future.
DRIVERS
Rising demand for convenience food products
Expanding retail industry
RESTRAINTS
Availability of alternatives
Lack of transport infrastructure in developing economies
INDUSTRY UPDATES
In July 2019, Sara Lee Frozen bakery launched Oakbrook terrace headquarters which is the opening of around ten thousand square foot research and development innovation center which is expected to focus on the innovation and expansion of new flavors and product lines for united states favorite bakery.
In September 2018, Grupo Bimbo inaugurates their Argentina plant after a USD31m expansion to facilitate export growth of four new lines for frozen baguettes, pastries, and croissants in neighboring countries like Chile.
The major players profiled in the Frozen bakery products market are EUROPASTRY, S.A.,
Aryzta AG, Speedibake, a division of ABF Grain Products Ltd., Cargill company, Bridgford Foods Corporation, Conagra Brands, Inc., Flowers Foods, Inc., Lantmännen Unibake, Dawn Food Products, Inc. and General Mills Inc.
Frozen Bakery Products Market Scope:
Report Metric |
Details |
Market size value in 2018 |
US$17.712 billion |
Market size value in 2024 |
US$25.830 billion |
Growth Rate |
CAGR of 6.49% from 2018 to 2024 |
Base year |
2018 |
Forecast period |
2019–2024 |
Forecast Unit (Value) |
USD Billion |
Segments covered |
Product, Distribution Channel, And Geography |
Regions covered |
North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies covered |
EUROPASTRY, S.A., Aryzta AG, Speedibake, a division of ABF Grain Products Ltd., Cargill company, Bridgford Foods Corporation, Conagra Brands, Inc., Flowers Foods, Inc., Lantmännen Unibake, Dawn Food Products, Inc., General Mills Inc. |
Customization scope |
Free report customization with purchase |
Segmentation
The Frozen bakery products market has been analyzed through the following segments:
By Product
Frozen Bread
Frozen Pizza Crusts
Frozen Cakes and Pastries
Others
By Distribution Channel
Online
Offline
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Others
Asia Pacific
China
Japan
South Korea
India
Others
Frequently Asked Questions (FAQs)
Q1. What will be the frozen bakery products market size by 2024?
A1. The frozen bakery products market is projected to reach a total market size of US$25.830 billion in 2024.
Q2. What are the growth prospects for the frozen bakery products market?
A2. The global frozen bakery products market is projected to grow at a CAGR of 6.49% during the forecast period.
Q3. What is the size of the global frozen bakery products market?
A3. Frozen Bakery Products Market was valued at US$17.712 billion in 2018.
Q4. What factors are anticipated to drive the frozen bakery products market growth?
A4. The rising trend of ready-to-eat, ready-to-bake food products, and ready-to-thaw baked foods are driving the growth of the global frozen bakery products market.
Q5. Who are the major players in the frozen bakery products market?
A5. The major players profiled in the Frozen bakery products market are EUROPASTRY, S.A., Aryzta AG, Speedibake, a division of ABF Grain Products Ltd., Cargill company, Bridgford Foods Corporation, Conagra Brands, Inc., Flowers Foods, Inc., Lantmännen Unibake, Dawn Food Products, Inc. and General Mills Inc.
1. Introduction
1.1. Market Overview
1.2. Market Definition
1.3. Scope Of The Study
1.4. Currency
1.5. Assumptions
1.6. Base, And Forecast Years Timeline
2. Research Methodology
2.1. Research Design
2.2. Secondary Sources
3. Executive Summary
4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. Frozen Bakery Products Market By Product
5.1. Frozen Bread
5.2. Frozen Pizza Crusts
5.3. Frozen Cakes And Pastries
5.4. Others
6. Frozen Bakery Products Market By Distribution Channel
6.1. Online
6.2. Offline
7. Frozen Bakery Products Market By Geography
7.1. North America
7.1.1. USA
7.1.2. Canada
7.1.3. Mexico
7.2. South America
7.2.1. Brazil
7.2.2. Argentina
7.2.3. Others
7.3. Europe
7.3.1. Germany
7.3.2. France
7.3.3. United Kingdom
7.3.4. Spain
7.3.5. Others
7.4. Middle East And Africa
7.4.1. Saudi Arabia
7.4.2. Other
7.5. Asia Pacific
7.5.1. China
7.5.2. Japan
7.5.3. South Korea
7.5.4. India
7.5.5. Others
8. Competitive Intelligence
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments And Deals
8.3. Strategies of Key Players
9. Company Profiles
9.1. Europastry, S.A.
9.2. Aryzta Ag
9.3. Speedibake, A Division Of ABF Grain Products Ltd.
9.4. Cargill Company
9.5. Bridgford Foods Corporation
9.6. Conagra Brands, Inc.
9.7. Flowers Foods, Inc.
9.8. Lantmännen Unibake
9.9. Dawn Food Products, Inc.
9.10. General Mills Inc.
LIST OF FIGURES
LIST OF TABLES
EUROPASTRY, S.A.
Aryzta AG
Speedibake, a division of ABF Grain Products Ltd.
Cargill company
Bridgford Foods Corporation
Conagra Brands, Inc.
Flowers Foods, Inc.
Lantmännen Unibake
Dawn Food Products, Inc.
General Mills Inc.