Frozen Bakery Market Size was valued at USD 18.9 billion in 2022. The frozen bakery market industry is projected to grow from USD 20.3 Billion in 2024 to USD 31.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.40% during the forecast period (2024 - 2030). Due to their attributes like low cost, simplicity of preparation, and wide availability, frozen bakery products are becoming more and more popular, which is a primary market driver for the expansion of the market.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
More than half of the world's population now resides in cities, and nearly every nation on the planet is urbanizing more and more. In 2018, there were 4.2 billion people living in urban areas around the world, up from 751 million in 1950, according to the United Nations World Urbanization Report. This means that nearly 55% of the world's population currently resides in urban areas, and by 2050, that number is projected to rise to 68%. As a result, compared to consumers in rural regions, urban consumers have access to a considerably greater selection and better availability of food. Furthermore, this urbanization trend greatly raises living standards and earnings, which has a stronger impact on the affordability of frozen bakery goods. The demand for convenience food products is also developing quickly in tandem with urbanization, mostly as a result of changing lifestyles, an increase in nuclear families, a rise in the percentage of working women, and a reduction in the amount of time spent on meal preparation. Due to their portability and lengthy shelf lives, frozen bakery products have a strong argument for their market to increase at an accelerated rate. Thus, this factor is driving the market CAGR for frozen bakery.
However, consumers are striving to lead healthier lives in keeping with their evolving lifestyles. Customers are looking for particular healthy, convenient, and light foods, such as slices of bread, etc., due to busy schedules and lengthening work shifts. Almost all industrial bakers in Europe now have bake-off bakery output as one of their main objectives. Baking from scratch is time- and labor-consuming. Traditional baking is being replaced by Bake-Off technology in the business (BOT). Unfermented frozen dough (UFD) partially baked frozen bread (PBF), and partially baked unfrozen bread are the three main BOTs (PBUF). In particular for the hotel and catering industries, frozen semi-baked items and ready-to-bake goods are significant product categories for the food business. The majority of bakery goods, such as bread, rolls, and bagels, are sold in ready-to-thaw form, whereas croissants and pastries are sold in ready-to-bake form. Agriculture and Agri-Food Canada predicted that 4.1 thousand metric tonnes of frozen baked goods would be sold in retail in 2021. This was an increase of 100 metric tonnes compared to numbers forecast for 2020, and it represents an increase of about 8% compared to predictions from 2017. Thus, it is anticipated that this aspect will accelerate frozen bakery market revenue.
The frozen bakery market segmentation, based on product type, includes breads & rolls, pizza & pizza crust, cakes & pastries, cookies & biscuits and others. The breads & rolls segment held the majority share in 2022 in the frozen bakery market data. ly expanding bread consumption, growing popularity of fast food coupled with changing lifestyles, and an increase in QSRs and chains of ready-to-eat food stores are all reasons that contribute to this segment's significant market share. Further growth of the frozen bread and rolls segment is anticipated to be supported by rising consumer desire for healthy products.
The frozen bakery market segmentation, based on category, includes gluten-free and conventional. The gluten-free segment dominated the market growth for frozen bakery in 2022 and is projected to be the faster-growing segment during the forecast period. Products from frozen bakeries that are gluten-free are gluten-free. To help the dough or batter rise, makers of frozen baked products employ chemicals like guar gum or xanthan gum. The public's growing knowledge that gluten can cause celiac disease and other digestive health problems is encouraging people to adopt gluten-free eating practices.
The frozen bakery market data, based on distribution channel, includes store-based and non-store-based. The store-based segment dominated the frozen bakery market revenue for frozen bakery in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Supermarkets and hypermarkets are types of stores that offer self-service and have a wide selection of frozen baked goods. Supermarkets and hypermarkets offer a specific department for frozen bakery goods. Frozen bakery goods such cakes and pastries, pizza crusts, waffles, and cookies are purchased by supermarkets and hypermarkets to sell to homeowners.
Figure 1: Frozen Bakery Market, by Distribution Channel, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By region, the study provides the market insights for frozen bakery into North America, Europe, Asia-Pacific and Rest of the World. Europe frozen bakery market accounted for USD 8.7 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. In the upcoming years, there are anticipated to be significant growth potential due to the expansion of the catering and tourism industries in European nations including Germany, Italy, and the U.K. Breakfast menu preferences among consumers favor ready-to-eat items, which has increased product demand. The availability of gluten-free baked goods for health-conscious consumers has also contributed to the region's rise.
Further, the major countries studied in the market report for frozen bakery are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: FROZEN BAKERY MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Asia Pacific frozen bakery market accounts for the second-largest market share due to things including a sedentary lifestyle, growing discretionary wealth, and developing economies. Traditional household dynamics have changed as a result of the rising number of working women, and convenience and ready-to-eat food preferences have increased noticeably as a result. Moreover, China frozen bakery market held the largest market share, and the India frozen bakery market was the fastest growing market in the region.
North America frozen bakery market is expected to grow at the fastest CAGR from 2022 to 2030. Due to the fact that frozen bakery goods have a significantly longer shelf life than traditional goods, there is a greater demand for these goods in the area. In response to the growing consumer demand for organic and healthy products, market competitors are concentrating on offering goods with healthy and organic ingredients and less artificial preservatives. Further, the US frozen bakery market held the largest market share, and the Canada frozen bakery market was the fastest growing market in the region.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the frozen bakery market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the frozen bakery industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the frozen bakery industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, frozen bakery industry has provided medicine with some of the most significant benefits. The frozen bakery market major player such as Grupo Bimbo S.A.B. De C.V., Associated British Foods Plc, Aryzta AG. Dawn Food Products Inc., Lantmannen Unibake International, Rich Products Corporation, Europastry S.A., General Mills Inc., Kellogg Company and Conagra Brands Inc.
Products for baked food are offered by Europastry SA. The business sells bread, croissants, muffins, cakes, rolls, pastries, and desserts. Customers from Spain are served by Europastry. In December 2022, Europastry SA announced the acquisition of Dawn Foods, a distributor and manufacturer of baked goods, along with its frozen bread production operations in Asia, the Middle East, Europe, and the Pacific. The sale comprised all of Dawn's client relationships in the region that purchased frozen items produced by Dawn, as well as its baking and research & development facilities in Steenbergen, the Netherlands, and Evesham, the United Kingdom.
The American wholesale maker and distributor of breads, baked goods, mixes, and other culinary products is called Dawn Foods (formerly known as the Dawn Donut Company). The business has a reach and is headquartered in Jackson, Michigan. In North America, the corporation runs sixteen distribution centers. In July 2021, Dawn Food Products Inc. purchased Icopa, a significant Portuguese distributor of bakery goods. The acquisition aims to preserve the company's supply chain and strengthen distribution networks. Furthermore, the company wants to grow since it can quickly deliver its goods to a wide customer base.
Frozen Bakery Industry Developments
March 2022: A 62,000 square foot production and distribution facility will be built in Dubai Industrial City for USD 14 million by Wonder Bakery, an industrial-grade bread company. The plant has a yearly manufacturing capacity of 50,000 tonnes of frozen and fresh bread items, as well as cold and hot kitchen products.
February 2022: Frozen vegan toaster waffles were introduced by Griddle, a firm that makes frozen bakery goods. The new waffles are manufactured from natural ingredients, comply with HFSS, and contain 40% less sugar than standard waffles. Three flavors—chocolate chip, original, and blueberry—of the new frozen vegan waffles are currently available.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 18.9 billion |
| Market Size 2024 | USD 20.3 billion |
| Market Size 2030 | USD 31.2 billion |
| Compound Annual Growth Rate (CAGR) | Â 7.40% (2024-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2030 |
| Historical Data | 2018 - 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product Type, Category, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â |
| Key Market Opportunities | ·         |
| Key Market Dynamics | ·         |
Frequently Asked Questions (FAQ) :
The frozen bakery market size was valued at USD 18.9 Billion in 2022.
The frozen bakery market is projected to grow at a CAGR of 7.40% during the forecast period, 2024-2030.
Europe had the largest share in the market for frozen bakery.
The key players in the market for frozen bakery are DePuy Synthes Companies, Globus Medical, Medtronic, NuVasive, Smith & Nephew plc, Stryker Corporation and Zimmer Inc.
The breads & rolls dominated the frozen bakery market in 2022.
The store-based had the largest share in the frozen bakery market.
Senior Research Analyst I have a bachelor's degree in mechanical engineering and an mba. i have more than two years of expertise in the retail, food, and beverage, chemical, and material industries, and hence have developed a sound cross-domain expertise. a firm believer in lifelong learning and sharing of knowledge. having a proclivity for hatching ideas and trying to absorb as much information as possible in a short amount of time. introducing corporates to the data and insight, which enables them to move from probability to possibility, has been my key areas of interest.Â
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