The North America Frozen Bakery Products Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 735.4 kilo tonnes, showcasing a growth of 5.6% (2019-2022).
One of the primary drivers behind the adoption of frozen bakery products is their unparalleled convenience. Consumers increasingly turn to frozen options for quick and easy meal solutions in a fast-paced world where time is precious. Frozen bakery products eliminate the need for lengthy preparation and baking times, allowing individuals to enjoy freshly baked goods without the time investment associated with traditional baking. Frozen bakery products have a longer shelf life compared to their fresh counterparts. This extended shelf life is a key factor in their adoption, as it aligns with the modern consumer's desire for products that last longer, reducing the frequency of grocery shopping. Additionally, the frozen format helps minimize food waste, as consumers can use only the portion they need and keep the rest stored for future use.
When done correctly, the freezing process helps preserve baked goods' quality, texture, and taste. Consumers appreciate the reliability and consistency that frozen bakery products offer. This consistency is particularly crucial for food service establishments, ensuring they can deliver high-quality baked goods consistently to meet customer expectations. With an increasing number of dual-income households and busy lifestyles, there is a growing demand for convenient and time-saving meal solutions. Frozen bakery products cater to this demographic by offering a range of options that require minimal preparation, allowing families to enjoy freshly baked items without the need for extensive cooking skills or time-consuming baking processes.
The US market dominated the North America Frozen Bakery Products Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,177.4 Million by 2030. The Canada market is experiencing a CAGR of 8.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.2% during (2023 - 2030).
E-commerce platforms provide consumers the convenience of ordering frozen bakery products from the comfort of their homes in North America. This accessibility has led to an increase in the adoption of online shopping for frozen food items, including various bakery products in North America. Hence, the factors mentioned above will drive the regional market growth.
Free Valuable Insights: The Frozen Bakery Products Market is Predict to reach $43.7 Billion by 2030, at a CAGR of 5.9%
Based on Product Type, the market is segmented into Cakes & Pastries, Pizza Crusts, Bread, and Others. Based on Distribution Channel, the market is segmented into Convenience Stores, Supermarket & Hypermarket, Bakery Store, Online, and Others. Based on Type, the market is segmented into Ready-to-bake, Ready-to-eat, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Product Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.