The frozen bakery market is estimated to touch USD 23.8 billion in 2023, and it will touch USD 34.3 billion, growing at a 5.3% compound annual growth rate, by 2030.

The development of the industry is credited to the growing preference for easy foods and the increasing popularity of frozen bakery items throughout the globe. Ultimately, the growing popularity of frozen bakery items is due to their fast of preparation, extensive availability, and low price. These items are also higher in demand compared to old-style foods due to their lengthier shelf life.

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On the basis of product, frozen pizzas are the largest category in 2023, this is mainly because of their rising consumption of such items in Western countries, such as Mexico, Germany, Spain, and France, and also in Asian countries, such as Japan, India, and China. Frozen pizza fulfills the requirement for easy and quick food, mainly for the working population. Additionally, the introduction of specialty pizzas, for example, dairy-free and gluten variants, is projected to fuel the development of this category.

On the basis of form, the ready-to-bake category is experiencing the fastest development, due to the rising requirement for pre-baked items, which need less time to bake and offer the capability to make fresh-tasting dishes.

The improvement of freezing tech has offered solutions to the bakery sector to advance the products’ shelf life. The addition of low-temp storage tech has caused a surge in the commercial worth of bakery products and made a new industry for them. The worldwide industry has witnessed swift advances as a result of the introduction of pioneering technologies, which decrease cooking time and surge shelf life.

On the basis of distribution channels, the supermarkets & hypermarkets category, is the largest contributor to the frozen bakery market, and the category is also projected to stay the largest throughout the forecast period. This is primarily because the majority of the customers prefer an appropriate inspection of items in person, for genuineness, variety, and content, before purchasing.

Europe is the largest customer of frozen bakery items in the world. There are major opportunities for market growth in Italy, the United Kingdom, and Germany with regard to the development of tourism and catering sectors.

In addition, the preference of consumers for convenience and ready-to-eat foods at breakfast has made it necessary to increase product requirements. In addition, the expansion of regional markets has been increased by the introduction of gluten Free Baked Products for Health-Conscious Customers. 

Hence, the growing preference for easy foods and the increasing popularity of frozen bakery items throughout the globe are the major factors propelling the market.

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