Market Overview
The frozen bakery products market is estimated at USD 21.8 billion in 2021 and is projected to grow at a CAGR of 5.6% to reach USD 28.7 billion by 2028. Frozen bakery products have witnessed increased popularity due to their ease of preparation and time- & cost-efficiency. The demand for frozen bakery products is projected to remain high due to the increase in awareness and busier schedules of consumers. The increase in the busy lifestyle of consumers in developed regions is a key factor encouraging the purchase of hassle-free and ready-to-bake frozen bakery products.
A few frozen bakery products are bread and rolls, cakes and pastries, and cookies and biscuit. These products are mostly derived from wheat, rice, and barley. Frozen bakery products are gradually becoming an essential part of the daily diet, specifically in Europe and North America.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by new product launches, shelf life offered by frozen bakery products, and increasing demand for convenience food products.
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Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.
Based on product type, the frozen bakery products market is segmented into breads and rolls, cakes and pastries, cookies and biscuits, and others. The bread and rolls segment accounted for the largest market share in 2020. However, the cookies and biscuits segment are expected to register the highest CAGR in the market during the forecast period. Cookies and biscuits are mostly made from ingredients such as flour, sugar, and oil or fat. There are many extra fixings in biscuits and cookies such as chocolate, oats, raisins, almond, cashews, and pistachio. The baked cookies are frozen in a single layer or a sheet pan. Once the individual cookies are frozen, they can be stored in a flat-bottomed airtight container. The layers are separated by a parchment or waxed paper to avoid the sticking of cookies to each other. The cookie dough is frozen depending upon the source of the dough, as well as the ingredients used in it.
Based on region, the frozen bakery products market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. In 2020, Europe accounted for the largest share in the market. The frozen bakery products can be prepared conveniently as they require minimum time for cooking and baking. Therefore, demand for such products in increasing in the region. Moreover, the growing demand for ready-to-eat food products owing to hectic work schedules is driving the market growth in the region. According to a report published by Food Drink Europe, the food & beverages industry in Europe accounted for turnover of US$ 1,463.5 billion in 2020 making it one of the largest manufacturing industries in Europe.The growth of this industry is driven by the rising demand for comfort foods, frozen foods, and ready-to-eat meals. Moreover, the foodservice sector is expected to register a notable growth over the coming years leading to the rising trend of cloud kitchen services, quick service restaurants, online food delivery services, and other such factors in Europe. The foodservice industry is one of the most potential end-use industries for frozen bakery products market. This factor is anticipated to further bolster the product demand in the forthcoming years.
Region Segmentation
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Other)
Asia Pacific (China, Japan, India, Korea, Southeast Asia)
Europe (Germany, UK, France, Spain, Italy)
Middle East and Africa (Middle East, Africa)
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Table of Content
- Introduction
2. Key Takeaways
3. Research Methodology
4. Global Frozen Bakery Products Market Landscape
5. Frozen Bakery Products Market - Key Market Dynamics
6. Frozen Bakery Products- Global Market Analysis
7. Frozen Bakery Products Market Analysis - By Type
8. Frozen Bakery Products Market Analysis - By Category
9. Frozen Bakery Products Market Analysis - By End-Use
10. Frozen Bakery Products Market - Geographic Analysis
11. Overview- Impact of Coronavirus Outbreak
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
The report answers questions such as:
1. What is the market size and forecast of the United States Frozen Bakery Products Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the United States Frozen Bakery Products Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the United States Frozen Bakery Products Market?
4. What is the competitive strategic window for opportunities in the United States Frozen Bakery Products Market?
5. What are the technology trends and regulatory frameworks in the United States Frozen Bakery Products Market?
6. What is the market share of the leading vendors in the United States Frozen Bakery Products Market?
7. What modes and strategic moves are considered suitable for entering the United States Frozen Bakery Products Market?
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