Rockville , July 25, 2023 (GLOBE NEWSWIRE) -- According to the new market research report, titled, " Frozen Bakery Products Market Analysis by Product Type (Breads, Rolls, Pancakes, Muffins, Pound Cakes, Pizza Crusts, Donuts, Pastries), By Sales Channel (Modern Trade, Traditional Grocery Stores, Convenience Stores, Online Channels, Direct Sales) & By Region – Global Market Insights 2023 to 2033." published by Fact.MR, the global Frozen Bakery Products industry stands at US$ 31.78 billion in 2023, and is set to reach US$ 58.55 billion by 2033, growing at a CAGR of 6.3% from 2023 to 2033. The report provides an in-depth analysis of evolving market trends, prominent segments, essential investment opportunities, value chains, regional landscapes, and competitive scenarios.
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Key Driving Forces Accelerating the Market Growth
- Frozen bakery products offer convenience and time-saving benefits to consumers and food service establishments. They eliminate the need for labor-intensive baking processes and allow for quick and easy preparation, making them a popular choice for busy consumers and commercial establishments.
- With an increase in urbanization, busier lifestyles, and dual-income households, consumers are seeking convenient and ready-to-eat food options. Frozen bakery products cater to this demand by providing quick and easy solutions for breakfast and snacking.
- Moreover, these products have a significantly longer shelf life compared to fresh bakery items. This characteristic appeals to consumers who want to stock up on bakery items without worrying about rapid spoilage, reducing food waste in households and businesses.
- Manufacturers continuously innovate and introduce new frozen bakery products to meet consumer preferences and demands. This includes a wide range of options such as frozen dough, pastries, cakes, muffins, and bread varieties with various flavors, fillings, and dietary specifications.
Vital indicators shaping the future of the industry
Changing consumer preferences, such as the growing demand for healthier and cleaner-label products, organic options, and sustainable packaging, will influence the types of frozen bakery products that gain popularity in various geographies including North America.
Moreover, advancements in freezing, packaging, and distribution technologies will impact the quality, safety, and convenience of frozen bakery products, driving innovation in the industry. Evolving food safety regulations, labeling requirements, and health claims related to frozen bakery products will shape product formulation, manufacturing processes, and marketing strategies.
Dietary trends, such as the rise of gluten-free, vegan, and plant-based diets, will drive the demand for frozen bakery products that cater to specific dietary needs and preferences.
The growth of e-commerce and the expansion of modern retail formats will impact the distribution channels and availability of frozen bakery products to consumers.
Population growth, urbanization, and changes in demographics, including aging populations and multicultural communities, will influence the demand for different types of frozen bakery products.
Increasing awareness and concerns about environmental sustainability will drive demand for eco-friendly packaging and sustainable sourcing practices within the frozen bakery products industry.
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Challenges hindering the market growth
Increasing health consciousness among consumers has led to a demand for healthier food options. Frozen bakery products, often associated with high levels of preservatives, fats, and sugars, may face scrutiny from health-conscious consumers.
The clean label trend emphasizes the use of natural and minimally processed ingredients. Frozen bakery products with long ingredient lists or artificial additives may face resistance from consumers seeking clean-label products.
Freshly baked goods are perceived to be of higher quality and freshness compared to frozen products. The availability of freshly baked options in bakeries, grocery stores, and cafes poses a challenge for the frozen bakery products market.
How competition influences the market
- Intense competition drives manufacturers to continuously innovate and develop new frozen bakery products to differentiate themselves from competitors. This can lead to a wider variety of offerings, catering to diverse consumer preferences and trends.
- For instance, In February 2022, Baker & Baker ad introduced its first line of vegan items. The products include a variety of biscuits, cupcakes and donuts.
Key Companies Profiled in Automotive Power Electronics Market Report
- General Mills Inc.
- American Desserts
- Barilla Holdings Spa
- Cole's Quality Foods Inc.
- Kellogg Company
- Aryzta AG
- Grupo Bimbo S.A.B de C.V.
- Alpha Baking Company Inc.
- Premier Foods PLC
- Bridgford Foods Corporation
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