Market Size of Asia-Pacific Frozen Bakery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.60 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Frozen Bakery Market Analysis
The Asia-Pacific frozen bakery market is projected to record a CAGR of 8.6% during the forecast period (2022-2027).
The market's growth is fuelled by hectic schedules and growing awareness about the nutritional facts among the Asian population. The frozen bakery market has grown considerably in recent times. It is projected to continue growing during the forecast period. However, with the widespread of COVID-19, people are conscious about their health and consume quality products. In Asia-Pacific, various small-scale manufacturers use sugar, with high-calorie values and shortenings rich in unhealthy saturated fats, to produce frozen bakery products. The incorporation of these ingredients is reducing the sales volume of frozen bakery products. In 2021, General Mills Inc. announced the launch of its six latest Pillsbury products in its frozen bakery product line. The Pillsbury Monkey Bread contains pre-cut dough with each kit and a sweet cinnamon sauce pouch with 10 grams of sugar, 200 calories, and 3 grams of protein.
Bakery products, such as bread, are the most common food. Factors such as availability, ease of use, product variation, and quality demand are the key factors leading frozen bakery suppliers to expand their chain across the region. The frozen bakery market grew due to the lifestyle of the Asian population. These products can be prepared conveniently, as they need less time for baking and cooking. Therefore, the demand for frozen bakery products is rising in Asia-Pacific.
The frozen bakery market is driven by giant manufacturers producing less sugar, low carb, low-fat products with innovations in terms of taste and flavor due to the diverse tastes and preferences of Asian customers. However, the frozen bakery market in Asia-Pacific is growing every day due to the rising number of quick-service restaurants, hotels, bars, and cafes, which offer frozen bakery. Thus, incorporating innovative ingredients or improvising the formulations in frozen bakery food items is economically and technologically accelerating the market's growth.
APAC Frozen Bakery Industry Segmentation
Freezing is a procedure that assists in preserving food items from the time it has been cooked to when it is consumed. The Asia-Pacific frozen bakery market offers frozen bakery products in various forms, including bread, cakes and pastries, pizza crust, and morning goods. Each product type is retailed through supermarkets/hypermarkets, convenience stores, departmental stores, online retailing, and other distribution channels. The report offers market size and forecast for processed meat in value (USD million) for all the above segments.
By Product Type | |
Bread | |
Cakes and Pastries | |
Pizza Crust | |
Morning Goods | |
Other Product Types |
By Distribution Channel | |
Supermarkets/Hypermarkets | |
Convenience Stores | |
Departmental Stores | |
Online Retailing | |
Other Distribution Channels |
By Geography | |
India | |
China | |
Japan | |
Australia | |
Rest of Asia-Pacific |
Asia-Pacific Frozen Bakery Market Size Summary
The Asia-Pacific frozen bakery market is experiencing significant growth, driven by the increasing demand for convenience foods among the region's busy population. This market expansion is supported by the rising awareness of nutritional values and the need for quick meal solutions. The availability of frozen bakery products, which require less time for preparation, aligns well with the fast-paced lifestyles of consumers in Asia-Pacific. The market is characterized by a diverse range of products, including bread, muffins, and savory snacks, which are gaining popularity, particularly among younger demographics. The influence of global brands and the proliferation of quick-service restaurants, hotels, and cafes offering frozen bakery items further contribute to the market's growth trajectory.
The competitive landscape of the Asia-Pacific frozen bakery market is marked by the presence of both global and regional players, such as McCain Foods Limited, Lantmannen, Conagra Brands Inc., Ajinomoto Co. Inc., and General Mills Inc. These companies leverage advanced distribution networks and manufacturing expertise to expand their product offerings across the region. Innovations in product formulations, such as low-sugar, low-carb, and gluten-free options, cater to the evolving tastes and health consciousness of consumers. The market's growth is also fueled by developments in the food and beverage sector, enhanced economic conditions, and the increasing consumption of ready-to-eat food products. As consumers continue to prioritize convenience and quality, the demand for frozen bakery products in Asia-Pacific is expected to rise steadily.
Asia-Pacific Frozen Bakery Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Bread
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2.1.2 Cakes and Pastries
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2.1.3 Pizza Crust
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2.1.4 Morning Goods
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2.1.5 Other Product Types
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2.2 By Distribution Channel
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience Stores
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2.2.3 Departmental Stores
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2.2.4 Online Retailing
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2.2.5 Other Distribution Channels
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2.3 By Geography
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2.3.1 India
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2.3.2 China
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2.3.3 Japan
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2.3.4 Australia
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2.3.5 Rest of Asia-Pacific
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Asia-Pacific Frozen Bakery Market Size FAQs
What is the current Asia-Pacific Frozen Bakery Market size?
The Asia-Pacific Frozen Bakery Market is projected to register a CAGR of 8.60% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Frozen Bakery Market?
McCain Foods Limited, Lantmannen, Ajinomoto Co. Inc. , Conagra Brands Inc. and General Mills Inc. are the major companies operating in the Asia-Pacific Frozen Bakery Market.