The trend for frozen bakery products among North Americans is becoming clearer each year. This product segment is driving the regional food industry at a substantial rate. Currently, Americans and Canadians prefer baked ready-to-eat products such as cakes, cookies, donuts, and snacks owing to their tight schedules and hectic lifestyles. Moreover, frozen and refrigerated dough products are the principal ingredient used in producing institutional foods such as pizza. Based on the data analyzed by Facts and Factors research company, the North America frozen bakery products market in 2019 is over USD9.07bn and is anticipated to reach over USD12.96bn by 2026. The projected CAGR for the North America frozen bakery products market is around 5.2% from 2020 to 2026.
Some of the key players driving the North America frozen bakery products market are Europastry SA, Alpha Baking Co. Inc., Flower Foods Inc., ARYZTA, Grupo Bimbo S.A.B. de C.V, Associated British Foods PLC, Bridgford Foods Corporation, Lantmannen Unibake UK Ltd., Canada Bread Company Ltd., and General Mills Inc., among others.
Food nutrition, packaging, and safety are the three major sectors in the food industry that are growing tremendously. Several frozen bakery products manufacturers and suppliers have been trying to implement food fortification strategies to sustain the nutritional value of the bakery products for longer periods to attract the customers, thereby pushing the segment in the overall food industry.