Frozen Bakery Market Size Worth $59.86 Billion By 2030
Frozen Bakery Industry Overview The global frozen bakery market was worth USD 42.95 billion in 2022, expected to expand at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The rising popularity of frozen bakery products owing to their properties such as low cost, ease of preparation, and widespread availability are major factors propelling the global market growth. Frozen bakery products are higher in demand than conventional ones owing to their longer shelf life. The ease of thawing and baking increases demand for these products, boosting growth. These products provide quick service while also retaining taste and freshness. Manufacturers have profited by distributing these products to various food establishments such as in-store bakeries, coffee chains, gas stations, and quick-service restaurants. Furthermore, these products are available all year, which is likely to increase demand. Gather more insights about the market drivers, res...