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Frozen Bakery Market Size

Report ID: GMI1669
Published Date: Feb 2023
Report Format: PDF

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Frozen Bakery Market Size

Frozen Bakery Market size crossed USD 45.8 billion in 2023 and is set to expand at a CAGR of 6.5% between 2024 and 2032, supported by the rising demand for convenience food globally.

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Increased spending on fast food, particularly by consumers in developed regions, is likely to be crucial for the market progression. In the U.S., this surge in expenditure has been influenced by the recession as people are opting for quick and inexpensive ready-to-eat meals over home-cooked food as they are considered an economical option. The emergence of convenience foods as a staple has increased fast-food restaurant sales in American countries, resulting in huge demand for frozen bakery products for quick preparation.

Frozen Bakery Market Report Attributes
Report Attribute	Details
Base Year:	2023
Frozen Bakery Market Size in 2023:	USD 45.8 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.5%
2032 Value Projection:	USD 81.4 Billion
Historical Data for:	2018 to 2032
No. of Pages:	350
Tables, Charts & Figures:	648
Segments covered:	Recipe, Product, End-user, and Region
Growth Drivers:	Increasing demand for convenience food Developing retail channels in emerging nations Superior properties of frozen baked products
Pitfalls & Challenges:	Mature conventional fresh baked products market demand Acquisition opportunities in market

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market of frozen bakery was valued at more than USD 45.8 billion in 2023 and is set to record significant growth at over 6.5% CAGR through 2032, owing to the growing demand for convenience food globally.

The bread segment is set to surpass USD 31 billion in revenue by 2032, resulting from expanding fast-food chains that require large quantities of bread for their products.

The market for frozen bakery in Asia Pacific is will reach USD 18 billion by 2032, attributed to the mounting demand for western food over traditional food items.

Some of the leading companies operating in the industry are General Mills, Europastry, Comapan, Rich Products Corporation, Canada Bread Company, Don Maiz SAS., Patagonia Artisan Bakers, Vandemoortele, Aryzta AG, Kellogg Company, Conagra Brands, Inc, Associated British Foods Plc, and Dr. Oetker, among others.