Global refrigerated/frozen dough products market was worth USD 20.5 billion in 2021 and is expected to rise to USD 33.1 billion by 2030 at a CAGR of 5.5%.refrigerated/frozen dough products Industry share By Product, Distribution Channel, And Region
Refrigerated/Frozen Dough Products Market
The global refrigerated/frozen dough products market size was worth around USD 20.5 billion in 2021 and is predicted to grow to around USD 33.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2030. The report analyzes the global refrigerated/frozen dough products market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the refrigerated/frozen dough products market.
The market for frozen/refrigerated dough products is one of the fastest-growing segments in the food processing industry. Pizza bases, dinner rolls, biscuits, sweet rolls, cookies, and other items fall within the category of refrigerated products. Modern packaging and equipment facilities are used in the refrigeration and freezing of dough. The use of different refrigeration methods extends the shelf life of food goods while reducing food waste.
Growth of sales channels to drive the market growth
One significant factor anticipated to contribute to the growth of the frozen dough products market in the near future is the expansion of sales channels, with online retail platforms being the fastest-growing segment. Nowadays, a lot of retailers have websites where customers may learn more about the business and its products. Customers are making more online purchases due to the availability of a wide variety of products and price comparisons on internet platforms. For the specific frozen dough bought, this is helpful to the major players as it does away with the necessity for physical outlets or stores while also enabling customers to read reviews left by other users and compare various stores, products, and pricing supplied by various vendors.
Growing preference for conventional, freshly baked products to limit the market growth
Consumers think that food goods that were processed a year or more before being consumed cannot be healthy. Because it is believed that frozen food products lack nourishment, consumers continue to favor freshly baked goods. This is a result of the widespread belief that these foods lose some of their nutritional value during the refrigeration process, which significantly limits the market's expansion.
The growing trend of veganism provides a lucrative opportunity
Veganism is becoming increasingly popular among consumers, as evidenced by the 500% increase in veganism from 2014 to 2020 during the vegetarian challenge. Up from 1% in 2014, 6% of the US population identified as vegan in 2016. Additionally, in 2021, over 500,000 people signed up for Veganuary’s challenge. This shows that the consumer trend toward vegan or plant-based products is growing and will remain beneficial in the future. Therefore, as people attempt to consume vegan or plant-based diets rather than animal-based foods, demand for frozen dough is predicted to increase in the future, driving the worldwide frozen dough market.
Major producers are also entering the vegan market and producing vegan frozen dough for customers. Additionally, there are a lot of vegan cuisine choices available. The major players sell frozen vegan dough for cookies, pastries, biscuits, and bread, including eating pastry, Hungryroot, and Simple Truth. During the forecast period, these factors are anticipated to enhance the global refrigerated/frozen dough proucts market.
Lack of transport infrastructure support in developing market act as a major restraint for the market growth
An effective supply chain in this sector requires refrigerated storage and transportation. Developing nations in regions like the Asia Pacific, the Gulf, and Latin America, however, do not have an effective transportation infrastructure and are not well connected. While limited capacity and poor quality of the infrastructure increase costs and lengthen transit times, the missing linkages in these networks continue to restrict the options for routes. Thus, act as a major challenge for market expansion.
The global refrigerated/frozen dough products market is segmented based on the product, distribution channel, and region
Based on the product, the global market is bifurcated into bread, biscuits & cookies, pizza, and others. The bread segment held the largest market share in 2021 and is expected to show its dominance over the forecast period. The significant global consumption of bread doughs is credited with the segment's expansion.
The ease of use of frozen bread doughs is anticipated to fuel market growth. These doughs are also very adaptable to the needs of the customers. Moreover, the bread products' claimed health benefits and appealing appearance are helping them gain popularity. To boost the protein content, add legumes like lentils or chickpeas. The bread market is being driven by these innovations all around the world. Another potential innovation is to stuff the bread. These fillings can have both sweet and savory ingredients. Fat is essential for the majority of filling types. Fillings that are co-extruded with dough before baking can achieve the appropriate bake stability by using fat with an extra emulsifier. Thus, driving the segment growth during the forecast period.
Based on the distribution channel, the global refrigerated/frozen dough products market is categorized into retail and food service. The food service segment accounted for the largest market share in 2021 and is expected to continue this pattern during the forecast period. The growth in the segment is attributable to high product use in the food service industry since it avoids the labor required to prepare a variety of basic materials to make dough. Additionally, using frozen dough does not require additional labor or equipment.
|Refrigerated/Frozen Dough Products Market Research Report
|Market Size in 2021
|USD 20.5 Billion
|Market Forecast in 2030
|USD 33.1 Billion
|Compound Annual Growth Rate
|CAGR of 5.5%
|Number of Pages
|Value (USD Billion), and Volume (Units)
|Key Companies Covered
|Kontos Foods, Inc., Readi-Bake, Inc., Gonnella, Europastry S.A., Dr. Schar USA, Inc., Goosebumps Frozen Convenience, Custom Foods Inc., Earthgrains Refrigerated Dough Products, L.P., Wenner Bakery, Swiss Gastro Bakery Beijing Co., Ltd., and Boulder Brands among others.
|By Product, By Distribution Channel, And By Region
|North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
|North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|2016 to 2020
|2022 - 2030
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North America is expected to dominate the market during the forecast period
North America held a significant global refrigerated/frozen dough products market share in 2021 and is expected to retain its dominance over the forecast period. The regional growth is mainly attributed to the high product demand. For instance, according to the American Baker’s Association, the $423 billion economic impact of baked products produced and sold in the U.S. Around $3 billion is made by retail bakeries each year, and $31 billion is sold by commercial bakeries. Moreover, one of the major factors driving the market's expansion is the accessibility of ready-to-cook foods.
Additionally, the region's high employment rate leads to significant demand for and usage of these products, which contributes to the market's overall expansion. As per the US Bureau of Labor Statistics, the employment rate in the United States increased to 60.10% in December from 59.90% in November of 2022. Additionally, the region's high internet penetration rate and increasing use of online meal-ordering platforms are anticipated to spur growth.
Besides, the Asia Pacific is expected to grow at the highest CAGR during the forecast period. The region is expanding as a result of consumers' rising disposable income. Consumer spending on frozen foods has expanded along with levels of disposable income, boosting the domestic market. Moreover, other important aspects influencing the region's growth include shifting lifestyles, increasing adoption, and the popularity of western cuisine. It is also anticipated that the growing availability of fast food options from a variety of food services in developing nations will increase regional product demand.
The global refrigerated/frozen dough products market is dominated by players like:
By Distribution Channel
The driving factor propelling the market is the expanding need for bakery goods around the world, which has raised the demand for frozen doughs due to their convenience and ease of preparation. In addition, the market for the frozen or chilled dough is expanding quickly along with the industry for processed foods.
According to the report, the global market size was worth around USD 20.5 billion in 2021 and is predicted to grow to around USD 33.1 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.5% between 2022 and 2030.
The global refrigerated/frozen dough products market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market owing to the accessibility of ready-to-cook foods.
The global refrigerated/frozen dough products market is dominated by players like Kontos Foods, Inc., Readi-Bake, Inc., Gonnella, Europastry S.A., Dr. Schar USA, Inc., Goosebumps Frozen Convenience, Custom Foods Inc., Earthgrains Refrigerated Dough Products, L.P., Wenner Bakery, Swiss Gastro Bakery Beijing Co., Ltd., and Boulder Brands among others.