The Rising Demand for Frozen Bakery Products in Urban Areas
By 2045, that figure would rise by 1.5 times to 6 billion as cities and towns become home to more people. The rapid urbanization of the world is defining the development trend around the world. In addition, the coffee shop chain in urban areas is expanding, which helps increase market growth for frozen bakery products. According to the International Coffee Organization, the world coffee consumption for 2023–24 is estimated to be 10.62 million tons of coffee. Thus, at this consumption rate, coffee shops also sell frozen bakery products that are enjoyed with coffee, which drives market growth for frozen bakery products.
Innovations Driving Growth in Global Frozen Bakery Products Market
Nowadays, the consumers moderately pay more attention to their health and willing to spend on maintaining their health and even healthy eating. The increasing awareness of the health benefits associated with the utilization of frozen bakery products, different and innovative products are taking their place in the markets every day. The increase in technological development in freezing technology also drive the market growth for the frozen bakery products market.
For instance, the blast freezing method is utilized at large commercial bakery plants due to it efficiency and versatility. The baked goods are exposed to a blast of cold air, rapidly reducing the temperature of bakery goods to desired temperature level. Thus, this new technique of blast freezing has advantage to reduce freezing time, which helps to preserve the freshness, texture, and taste of the products.
Recent Trends in the Frozen Bakery Products Industry:
- Health-conscious consumers increasingly looking for frozen baked goods.
- Consumers paying attention towards the clean labelling over the frozen bakery products.
- Ready-to-bake and ready-to-eat frozen bakery items fuelled demand for frozen bakery products market
- Increasingly seeking unique and exotic flavours in frozen bakery products.
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Addressing Quality and Supply Chain Challenges for Frozen Bakery Products Market
However, health-conscious consumers will prefer freshly baked goods over frozen baked products due to factors that limit the market penetration for frozen bakery products. In addition, the market challenge faced by frozen bakery products is cold supply chain management. The ‘FAO’ shared the challenges that came across the cold supply chain for frozen bakery goods and other frozen products. Lack of integrated systems thinking and collaboration among the diverse stakeholders involved across the value chain, inadequate legislation, standards, and enforcement to promote energy efficiency and environmentally friendly technologies for frozen products. These challenges could limit the market growth for frozen bakery products.
Strategic Innovations and Partnerships Reshaping the Global Food Industry Landscape
Furthermore, in March 2023, to improve and market fat technologies, Cargill, Incorporated signed an agreement with the Spanish food-tech firm Cubiq Foods. This partnership purpose is to develop novel plant-based food solutions that are more palatable, sustainable, and healthful. Meanwhile, in July 2023, a new range of frozen pizzas was launched by UK-based pizza supplier Doughboys Pizza. The selection includes Prosciutto with Mushroom, Veggie Giardino, Spicy Salami, and Classic Margherita.
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In Frozen Bakery Products the Europe Holds the Significant Market Share
Moreover, Asia Pacific region is expected to grow at fastest rate in the global frozen bakery products market during the forecast period. Demand for frozen bakery products is rising in this region as consumers are shifting towards Western-style baked goods and seeking convenient, ready-to-eat food options. China, India and Japan economic development have resulted in increased disposable income and expanding middle class, which in turn is driving the demand for indulgent and high-quality baked goods. Moreover, foodservice and hospitality sector in the region is also escalating demand for frozen bakery products owing that they are easy to access as well as uniformity in menu options.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Central America Countries, Caribbean Countries, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Czech Republic, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Philippines, Vietnam, Thailand, Bangladesh, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Iraq, Kenya, Rest of MEA |
Frozen Bakery Products Market Research Report Covers In-depth Analysis on:
- Frozen bakery products market detailed segments and segment-wise market breakdown
- Frozen bakery products market dynamics (recent industry trends, drivers, restraints, growth potential, opportunities in frozen bakery products industry)
- Current, historical and forthcoming 10 years market valuation in terms of frozen bakery products market size (us$ mn), volume (tons), share (%), y-o-y growth rate, cagr (%) analysis
- Frozen bakery products market demand analysis
- Frozen bakery products market pricing analysis over forecast period (by key segment and by region)
- Frozen bakery products market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in frozen bakery products market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in frozen bakery products market
- Frozen bakery products market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on frozen bakery products market forecast by countries
- Mergers and acquisitions in frozen bakery products market
- Essential information to enhance market position
- Robust research methodology