Global Frozen Bakery Market Size, Study, by Product, Application and Forecasts 2Posted by James Grey on September 29th, 2021 ? Bakery products are becoming the new food staple with the changing needs and modern lifestyle. The diversified range of products has contributed to fulfilling the day-to-day basic needs of the consumers. The growing tendency towards a healthy lifestyle and consumption of nutritious food has led the bakers to offer healthier options. Popular bakery products include bread, pastries, doughnuts, cookies, which are prepared by using a mixture of cereal-based flour (especially wheat) with sugar, salt, yeast, water. population from the same income group can afford bakery products and due to their convenience and accessibility, they lie under the fast-moving consumer goods (FMCGs). All types of food products can be frozen except some, bakery products can also be frozen with a shelf life of 1 week to 3 months and even more. Shelf life depends upon the type of product and freezer.
Global Frozen Bakery Product Market is expected to project a notable CAGR in 2030. Recent Highlights in Global Frozen Bakery Products Market In July 2018, Sara Lee Frozen Bakery commenced operations with the acquisition of Tyson Foods’ frozen bakery business by Kohlberg & Company. Sara Lee is a leading frozen-bakery products and dessert maker, its product line comprises if Sara Lee Frozen Bakery, Bistro, Van’s, and Chef Pierre collection. In 2018, Europastry acquired Confeitaria Torres. The second company is a Portuguese company specializing in both deep-frozen and fresh bakery products. Through this acquisition, Europastry is entering into the frozen bakery products market. Global Frozen Bakery Products Market: Segments Bread segment to grow with the highest CAGR during 2020-29 Global Frozen Bakery Market is segmented by product type into Bread, Cake and Pastries, Cookies and Other. The bread segment held the largest market share of XX.X% in the year 2019 and is expected to grow at the fastest pace during the forecast period due to increasing demand because of its wide range of variables such as whole wheat bread, multigrain bread, gluten-free bread which has provided with healthier options to the consumers. However, its market dominance is challenged by other bakery products such as cookies and cakes, and pastries which have witnessed rapid growth in recent years and are expected to continue to expand in the forthcoming years. Organic segment to grow with the highest CAGR during 2020-29 global frozen bakery market is segmented by the type of claim into Gluten-free, Organic, Sugar-free, Low calories, and Others. The Organic segment held the largest market share of XX% in the year 2019. The organic segment is a healthier alternative which only makes the use of natural ingredients and does not use chemical compounds in the production of products, thus, making it healthy and nutritious. The gluten-free segment is also anticipated to grow rapidly with the rising numbers of gluten-sensitivity in the consumers. Supermarkets/Hypermarkets segment to grow with the highest CAGR during 2020-30 Global frozen bakery product market is also segmented by distribution channels into Specialty stores, Convenience Stores, Supermarkets/Hypermarkets, Online, and Artisan Bakers. The supermarkets/hypermarkets segment held the largest market share of XX% in the year 2019. The supermarkets/hypermarkets conveniently provide a wide range of variety of products at the same place, also, it provides product scanning for authenticity, proper contents, and packaging which is highly preferable by most consumers. Fully-baked segment to grow with the highest CAGR of XX% during 2020-30 Global frozen bakery product market is segmented by technology into ready-to-bake, ready-to-prove (raw material i.e. frozen dough), and fully-baked. The fully-baked segment held the largest market share of XX% in the year 2019. Fully-baked products are quick to use, highly convenient, and versatile, thus, leading to rising demand and increased adoption by the consumers.
Drivers Increasing demand for frozen bakery products in the household sector Restraints Traditional freshly baked products and high electricity consumption
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