The Business Research Company’s Frozen Bakery Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Frozen Bakery Global Market Report 2023 evaluates frozen bakery market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global frozen bakery market is expected to grow from $40.62 billion in 2022 to $42.88 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The frozen bakery market is expected to reach $53.14 billion in 2027 at a CAGR of 5.5%.
Increasing consumption of convenience foods is expected to boost the growth of the frozen bakery market going forward. Convenience food is food that has been frozen, dried, or canned and can be heated and made quickly and easily. Frozen bakery items are used as convenient meal alternatives due to their pre-prepared status. They allow quick and straightforward baking or reheating, offering consumers freshly baked delicacies with minimum work and time. For instance, in July 2023, according to Food and Drinks Malaysia by SAIL Group, a food and beverage exhibition in Malaysia, the convenience food sector increased by 3.0% in volume in 2023 and is expected to reach 7,829.2 kg by 2027. Further, in Malaysia, the revenue from convenience food amounts to US$31.84 billion in 2022, which is expected to increase by 5.49% during 2022–2027. Therefore, increasing consumption of convenience foods is driving the growth of the frozen bakery market.
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The frozen bakery market segments in the report are:
1) By Product: Ready-To-Prove, Ready-To-Bake, Ready-To-Eat
2) By Recipe: Bread, Viennoiserie, Patisserie, Savory Snacks
3) By Category: Gluten Free, Conventional
4) By End-User: Convenience Stores, Hypermarkets And Supermarkets, Artisans Bakers, Hotels, Restaurants And Catering (HORECA), Bakery Chains, Online Channels
The table of contents in TBRC’s frozen bakery market report includes:
- Executive Summary
- Frozen Bakery Market Characteristics
- Frozen Bakery Market Trends And Strategies
- Frozen Bakery Market – Macro Economic Scenario
- Global Frozen Bakery Market Size and Growth
.
- Global Frozen Bakery Market Competitive Benchmarking
- Global Frozen Bakery Market Competitive Dashboard
- Key Mergers And Acquisitions In The Frozen Bakery Market
- Frozen Bakery Market Future Outlook and Potential Analysis
- Appendix
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