The frozen bakery market currently holds at 8% of the global frozen food market and is expected to grow worldwide.
Diversification of products on offer and a preference towards more sophisticated choices are among some of the trends observed by market research company Persistence Market Research (PMR).
According to a recent report, among all frozen bakery products, frozen pizza crust contributes the highest share followed by frozen bread and frozen pastries, especially in Europe, the largest market for this segment. North America takes second place in terms of market size, while Asia Pacific is currently the fastest growing region for frozen bakery products. However, PMR estimates that Latin America and the Middle East will become the fastest emerging markets, while healthy choices in this field are growing in popularity, due to an increase in health conscious consumers worldwide.
Major companies operating in global frozen bakery market include Lantmannen Unibake, Alpha Baking Company Inc., Associated British Foods Plc, Aryzta AG, Bridgford Foods Corporation, Barilla Holding SPA, Cole’s Quality Foods Inc., Cargill Incorporated, Custom Foods Inc., Deiorios Frozen Dough Products, Europastry, Flowers Foods Inc., General Mills Inc., Grupo Bimbo, Kellogg Company, Maple Leaf Foods Inc., Premier Foods Plc, Pepperidge Farm, Vandemoortele and Warburtons Bakery.