Frozen pastries market, By Product Type (Viennoiserie Products (Plain and filled croissants, Pains au chocolate, Pains aux raisins (raisin swirls), and Savory items) and Danish Products (Maple Pecans, Danish Crowns, and Cinnamon Swirls)), By Distribution Channel ( Artisan bakers, Hypermarket & Supermarket, Online, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) is estimated to be valued at US$ 2,419.3 Mn in 2023 and is expected to exhibit a compound annual growth rate (CAGR) of 4.6% during the forecast period (2024-2031), as highlighted in a new report published by Coherent Market Insights.
Frozen pastries are bakery products that are refrigeration prior to baking and are produced by using corn, wheat, rice, barley, oats, etc. They are a rich source of nutrition and taste with longer shelf-life and are also available in a wide range of flavors. Frozen pastries are sold in various stores, restaurants, and cafes. Frozen pasties are convenient food products as they are gaining importance among people, especially the millennial population, due to their taste.
Global Frozen Pastries Market – Impact of Coronavirus (COVID-19) Pandemic
The impact of the COVID-19 pandemic on the market has been significant. The pandemic has led to a positive impact on the frozen pasties market in the long term. As a result of the outbreak, there has been a shift from foodservice to household consumption, leading to increased online sales for frozen food, including frozen bakery products. This shift is attributed to consumers stocking up on frozen food items, such as pastries, due to their longer shelf life. The supply chain of the frozen pastries market has been significantly affected by the COVID-19 pandemic. The lockdown measures imposed during the pandemic have restricted the supply chain of frozen bakery products, leading to challenges such as the unavailability of raw materials and labor due to restrictions on the movement of people. This has hindered the production of frozen bakery products.
The global supply chain relationship and raw material price system have been profoundly affected by the pandemic and other global events. Overall, the COVID-19 pandemic has caused significant disruptions to the supply chain of the frozen pastries market, affecting production, raw material availability, and consumer behavior. The pandemic has led to a halt in production activities, which has adversely affected the global supply of frozen bakery products. The government-imposed quarantine regulations have resulted in restrictions on the movement of people, leading to the unavailability of raw materials and labor for the production of frozen pastries.
Link: https://www.coherentmarketinsights.com/market-insight/frozen-pastries-market-3513
Key Developments
- In March 2021, Dawn Foods, a global bakery and food supplier, announced the acquisition of JABEX, a company that specializes in frozen bakery products
- In January 2021, Conagra Brands, an American consumer packaged goods holding company, did sell its Peter Pan peanut butter brand to Post Holdings, Inc.
Key Takeaways of this Market:
- The global frozen pastries market was valued at US$ 2,419.3 Mn in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 4.60% from 2024 to 2031
- The market is segmented into product type & distribution channel
- Among regions, Europe is expected to be the dominant region in the market due to the increase in the demand for pastries, doughnuts & pies, and pizza
- Major players operating in the market are Gourmand, Delifrance, F.B.F. S.p.A, Wolf Butter/Back, and Lantmännen Unibake UK Limited
