Frozen Bakery Market size is $8.20Bn in 2019, growing at a CAGR of 5.1% during the forecast period 2020-2025. It is an establishment that produces and sells flour-based food baked in an oven such as bread, cakes, pastries, and pies in frozen state. The frozen bakery product is stored for a longer duration than the traditional baked ones and there are numerous benefits offered by frozen products such as ease of availability, longer storage duration and reasonable price. Freezing process helps to preserve food from the time it is prepaid to the time it is consumed. Frozen bakery products do not require any preservatives. Increasing demand for processed food products coupled with shift in consumer preferences towards baked products is likely to augment the demand for frozen bakery products. Easy thawing and baking facilitate the demand for products, augmenting the market growth. These products provide instant service along with the retention of freshness and taste.
- Increasing awareness amongst people on nutritional value of the bakery products is set to propel the growth of the market.
- Increase in introduction of new flavors and innovative packaging by the manufacturers propel the market’s growth.
- North America region is estimated to record the fastest growth rate during the forecast period 2020-2025.
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Geography – Segment Analysis
In 2019, the Europe region dominated Frozen Bakery Market in terms of revenue with a market share of 35% owing towards changing preferences from traditional products to advanced Frozen Bakery products. This growth can be attributed towards the increasing convenience and ready consumption products for their breakfast menu which in turn has favored the product demand. Rising disposable incomes, urbanization, and the demand for Western-style diets are supporting the growth in sales of baked goods and pastries drives the market in this region is key factors in the growth of the Frozen Bakery market. North America is estimated to record the fastest growth rate during the forecast period 2020-2025.
Drivers – Frozen Bakery Market
- Rising Demand for Processed and ready-to-eat Products
Frozen Bakery Industry Outlook
Frozen Bakery top 10 companies include Europastry, S.A., Lantmannen Unibake International, Associated British Foods plc, Flower Foods Inc., TreeHouse Foods, Inc., Dawn Foods Products Inc., Vandemoortele NV, General Mills (Pillsburry), Aryzta AG and Grupo Bimbo S.A.B. de C.V.
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