Frozen Bakery, the Fastest-growing Sector of Processed Foods

Frozen bakery market size is estimated to reach USD37.2bn at a CAGR of 7.1% between 2014 and 2020.

Frozen bakery accounts for 8% of the total frozen food market, according to “Global Frozen Bakery Additives Market – Growth, Trends and Forecast (2015- 2020)” by Research and Markets.
The global market for frozen bakery additives is expected to reach USD1.7bn by 2020, with a growing CAGR of 6.9% from 2014 to 2020.
The global frozen bakery additives market is driven by increasing consumer demand for processed foods, convenience foods, and bakery products.
By using frozen bakery additives, bakery manufacturers provide retailers with ready-to-bake and ready-to-thaw frozen bakery products which maintain a longer shelf life and quality of the product. These products provide retail bakeries, grocery stores and cafes the ability to tend to customer requirements based on need, with minimal food wastage costs. Also, expenses on equipment, production area, and personnel are removed, thus improving the retail EBITDA margins.
Europe is the largest market for frozen bakery goods, followed by North America. The growth in North America is mainly due to change in lifestyles and the high demand for processed foods. Europe is estimated to grow at a CAGR of 6.5% from 2014 to 2020.
The leading players in the market are Associated British Foods, ADM, DuPont, Palsgaard, Puratos, Sensient, Kerry Group, DDW, Lonza Group, David Michael & Co., and others.