Frozen cakes and pastries are expected to dominate the product market from 2017-2024.
The frozen bakery market is anticipated to reach $25 billion by 2024, according to new research by Global Market Insights, Inc., Shelbyville, Del.
Factors such as hectic lifestyle and need for easily consumable products in emerging economies continue to fuel the frozen bakery market. Further product innovation and advancement in techniques, including hydrocolloids, enzymes and sourdough fermentation improve quality of these goods, and will lead to growth in frozen bakery products. Enhanced lifestyle of consumers worldwide is also reason for increasing adoption of these products. Additionally, economic growth in some countries is a driving factor, as consumers have become capable of affording high-priced products.