As per our research analysis, The Global Frozen Bakery Products Market size was valued at USD 18.16 billion in 2021 and is predicted to grow at a CAGR of around 8% during the forecast period of 2022 – 2027.
Frozen bakery products market includes breads, cakes, cakes, pipes and doughnuts derived from corn, rice, wheat, grain, oats, and rye. Using these sources as the crude materials for bakery product shifts the scenario in the world. They are rich in protein and flavor, show nearly longer timeframe of realistic usability, and are helpful to utilize, which drive the interest for these items in the market. Freezing baked goods are usually sold in various shops, bistros and restaurants. A common and important parameter involved in market development implies a positive estimate of the paperwork of a frozen bakery.
The growing number of work experts combined with the developing notoriety of comfort foods is probably going to drive the market for frozen bakery products. The frozen pastry section shows an established in-store kitchen, espresso chain, bistro, and a lively auxiliary restaurant. These outlets have immediate access to the plunge of frozen baked goods. It’s more convenient, accessible, and more. The frozen pastry section shows an established in-store kitchen, espresso chain, bistro, and a lively auxiliary restaurant. Buyers are making great efforts to raise the cost of prepared products.
By Product: Bread, Pizza Crust, Cakes & Pastries, Waffles, Donuts, Cookies
Bread and Pizza crust are the principal revenue-producing segments withinside the worldwide frozen bakery merchandise marketplace and are in all likelihood to keep with the identical pressure withinside the coming years.
By Source: Corn, Wheat, Barley, Rye
Based on the sauce, the global frozen bakery product market is divided into corn, wheat, barley and rye. In 2022, barley and rye had the highest market share in the frozen bakery as they were used as raw materials for the production of various types of frozen bakery products.
By End-Use: Retail, Food Service Industry, Food Processing Industry
Food processing is well established in almost every part of the world because it benefits people with busy lifestyles. Therefore, this segment is expected to gain a significant share of the international market during the forecast period.
By Distribution Channel: Bakery and Confectionery, Retail, Catering, Online Channel
Online sales, which account for more than 25% of the revenue share, are considered one of the most rewarding sales channels. The direct sales channel will now serve as the second highest channel for frozen baked goods.
Regional Analysis: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
The European frozen bakery products market is leading the world’s industry. The fastest growing brands in European market are those that spend more time on more conveniently cooked products, use high quality and healthy ingredients, and meet the needs of consumer on busy schedules. Individuals are attracted to get and-go items for breakfast, and this favors the expanding interest for the frozen bakery products market. The availability of gluten-free frozen bakery products contributes the development of the market.
Increased consumable livelihoods, urbanization, and the interest in Western-style consume fewer calories are supporting the development in deals of prepared merchandise and baked goods in Asia-Pacific, especially in China and India, and are seeing a developing interest for frozen bakery goods. The development in the Asia Pacific frozen bakery market has also paved the way for significant expansion of processed food production area and vice versa. It has also prompted the presentation of a differing scope of imaginative frozen bakery product business.
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Latest Industry Developments:
- General Mills has announced a formal agreement to acquire TNT Crust, a manufacturer of high-quality frozen pizza-based products for regional and national pizza chains, the food service industry and retailers. TNT Crust is currently a portfolio company of PeakRock Capital.
- Lantmännen and Spendrups are building a new partnership on sustainable barley farming practices. In the spring, Lantmännen and Spendrups launched a new collaboration to grow the main ingredient of beer, malt barley, for the first time under the cultivation program for the future of agriculture in Climate & Nature Lantmännen.
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