Frozen Dough Market Trends and Dynamics By 2030

The global frozen dough market size was valued at USD 22.97 billion in 2022. The market is projected to grow from USD 23.94 billion in 2023 to USD 34.58 billion by 2030, exhibiting a CAGR of 5.39% during the forecast period.

The expansion can be credited to the strong demand for out-of-home food consumption. Moreover, the trend for homemade food has witnessed a decline due to the growing proportion of working-class women, which has increased the product demand.

Fortune Business Insights™ provides this information in its research report, titled “Frozen Dough Market, 2023-2030”.

List of Key Players Mentioned in the Report:

  • General Mill Inc. (U.S.)

  • Guttenplan’s (U.S.)

  • Ajinomoto (Japan)

  • Rich Products Corp. (U.S.)

  • Campbell Soup Company (U.S.)

  • CSM Ingredients (Luxembourg)

  • Dawn Food Products, Inc. (U.S.)

  • Gonnella Baking Company (U.S.)

  • Bridgford Foods Corp. (U.S.)

  • Aryzta AG (Switzerland)

Source Link :

https://www.fortunebusinessinsights.com/frozen-dough-market-108484

Segmentation:

Bread & Pizza Segment Growth Driven by Surge in Demand for Frozen Bread

In terms of type, the market is categorized into rolls & pastries, bread & pizza, biscuits & cookies, and others. The bread & pizza segment accounted for the largest frozen dough market share in 2022. The rising preference for convenience food has increased the demand for frozen bread, further accelerating the segment’s growth.

Foodservice Segment to Dominate Owing to Growing Product Deployment

Based on distribution channel, the market is bifurcated into retail and foodservice. The retail segment is further sub-divided into online retail, hypermarkets/supermarkets, specialty stores, and others. The foodservice segment dominated the market in 2022. The effort to work on different raw materials to make dough can be eluded by using frozen dough, which has led to its increased usage in the foodservice sector.

On the basis of region, the market is categorized into Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

The report offers:

  • Major growth drivers, restraining factors, opportunities, and potential challenges for the market.

  • Comprehensive insights into the regional developments.

  • List of major industry players.

  • Key strategies adopted by the market players.

  • Latest industry developments include product launches, partnerships, mergers, and acquisitions.

Drivers and Restraints:

Rapid Urbanization and Busy Lifestyles Propel Growth in Frozen Dough Consumption

The frozen dough market growth is driven by increasing product innovations and a preference for ready-to-bake food. Hectic lifestyles have increased the preference for convenience food products. Moreover, frozen bakery products, including partially-baked frozen bread, frozen semi-baked goods, ready-to-bake goods, and unfermented frozen dough, are being manufactured by industrial bakers in Europe. These products provide a convenient alternative to busy consumers as they take less time to bake and cook.

Despite such growth opportunities, the lack of cold chain systems and availability of substitutes may stifle market growth.

Regional Insights:

North America's Market Booms as Consumers Embrace Ready-to-Cook Convenience

North America led the 2022 market due to the rising demand for frozen dough products. The increasing popularity of ready-to-cook items is a major driver, particularly among the busy working population, fueling regional growth.

The Middle East & Africa is expected to depict substantial growth during the forecast period. The growing consumers’ inclination toward clean-labeled, premium, and organic dough products is driving regional growth.

Competitive Landscape:

Notable Market Players Deploy Product Innovation Strategies to Expand their Product Portfolio

Major frozen dough market players are focusing on different competitive strategies such as partnerships, mergers and acquisitions, joint ventures, and others to extend their product portfolio. Several companies are also investing heavily in R&D to develop innovative products.

Key Industry Development:

  • June 2023: Whoa Dough, a manufacturer of plant-based, better-for-you cookie dough bars, announced the launch of Whoa Dough Chocolate Chip Cookie Dough. The cookies are OU kosher, non-GMO Project verified, and free from egg, nut, dairy, and soy.