The Europe frozen bakery products market is expected to grow from US$ 7,897.44 million in 2021 to US$ 9,692.67 million by 2028; it is estimated to grow at a CAGR of 3.0% from 2021 to 2028. People are looking for healthier alternatives of the bakery products such as sugar-free, keto-free, and gluten-free products. According to the studies, 51% of the consumers in Europe prefer bakery goods that offer additional nutritional benefits. Moreover, gluten-free products are gaining high popularity among the people in the region as wheat is rapidly being viewed as an ingredient to avoid. This is projected to drive the demand for gluten-free frozen baked goods across Europe over the forecast period. Therefore, manufacturers are reducing the sugar-content in bakery products and using different ingredients and flours to produce healthier versions of baked goods. In Europe, many manufacturers are reducing the use of palm oil in bakery products to cater to the changing requirements of their consumers. Additionally, leading manufacturers such as the Europasrty SA and Associated British Foods Plc. are investing in research and development and product innovation to enhance their profitability and consumer base.
In case of COVID-19, Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of frozen bakery products manufacturing activities. Downfall in other food & beverages producing sectors has subsequently impacted the demand for frozen bakery products during the early months of 2020. Moreover, decline in the overall bakery products producing activities has led to the discontinuation of frozen bakery products manufacturing projects, thereby reducing the demand for frozen bakery products. Similar trend was witnessed in other European countries such as Russia, UK, Italy, Germany and Spain. However, the countries are likely to overcome this drop in demand with the economic activities regaining their pace, especially in the beginning of 2021.
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Europe Frozen Bakery Products Market Segmentation
- Europe Frozen Bakery Products Market – By Product Type
- Breads and Rolls
- Pizza and Pizza Crust
- Cakes and Pastries
- Cookies and Biscuits
- Others
- Europe Frozen Bakery Products Market – By Category
- Gluten-free
- Conventional
- Europe Frozen Bakery Products Market – By End-Use
- Foodservice
- Food Retail
- Europe Frozen Bakery Products Market – By Country
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Category and End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Europe Frozen Bakery Products Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe: PEST Analysis
4.3 Expert Opinion
5. Europe Frozen Bakery Products Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Incrementing Demand for Convenience Food
5.1.2 Rise in the Number of Food Service Outlets
5.2 Market Restraints
5.2.1 Preference for Conventional Bakery Products and Volatility of Raw Materials
5.3 Market Opportunities
5.3.1 Implementation of Individual Quick Frozen (IQF) Technology to Preserve Freshness of Frozen Bakery Products
5.4 Future Trends
5.4.1 Fortification of Frozen Bakery Products
5.5 Impact Analysis of Drivers and Restraints
6. Frozen Bakery Products– Europe Market Analysis
6.1 Frozen Bakery Products Market Overview
6.2 Frozen Bakery Products Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Frozen Bakery Products Market Analysis – By Type
7.1 Overview
7.2 Frozen Bakery Products Market, By Product Type (2020 and 2028)
7.3 Bread and Rolls
7.3.1 Overview
7.3.2 Bread and Rolls: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cakes and Pastries
7.4.1 Overview
7.4.2 Cakes and Pastries: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Cookies and Biscuits
7.5.1 Overview
7.5.2 Cookies and Biscuits: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Frozen Bakery Products Market Analysis – By Category
8.1 Overview
8.2 Frozen Bakery Products Market, By Category (2020 and 2028)
8.3 Gluten-Free
8.3.1 Overview
8.3.2 Gluten-Free: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Frozen Bakery Products Market Analysis – By End-Use
9.1 Overview
9.2 Frozen Bakery Products Market, By End-Use (2020 and 2028)
9.3 Food Service
9.3.1 Overview
9.3.2 Food Service: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Food Retail
9.4.1 Overview
9.4.2 Food Retail: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
10. Europe Frozen Bakery Products Market – Country Analysis
10.1 Overview
10.1.1 Europe: Frozen Bakery Products Market, by Key Country
10.1.1.1 Germany: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Frozen Bakery Products Market, by Product Type
10.1.1.1.2 Germany: Frozen Bakery Products Market, by Category
10.1.1.1.3 Germany: Frozen Bakery Products Market, by End-Use
10.1.1.2 France: Frozen bakery products Market – Revenue, and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Frozen Bakery Products Market, by Product Type
10.1.1.2.2 France: Frozen Bakery Products Market, by Category
10.1.1.2.3 France: Frozen Bakery Products Market, by End-Use
10.1.1.3 Italy: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Frozen Bakery Products Market, by Product Type
10.1.1.3.2 Italy: Frozen Bakery Products Market, by Category
10.1.1.3.3 Italy: Frozen Bakery Products Market, by End-Use
10.1.1.4 UK: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Frozen Bakery Products Market, by Product Type
10.1.1.4.2 UK: Frozen Bakery Products Market, by Category
10.1.1.4.3 UK: Frozen Bakery Products Market, by End-Use
10.1.1.5 Russia: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Frozen Bakery Products Market, by Product Type
10.1.1.5.2 Russia: Frozen Bakery Products Market, by Category
10.1.1.5.3 Russia: Frozen Bakery Products Market, by End-Use
10.1.1.6 Rest of Europe: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Frozen bakery products Market, by Product Type
10.1.1.6.2 Rest of Europe: Frozen Bakery Products Market, by Category
10.1.1.6.3 Rest of Europe: Frozen Bakery Products Market, by End-Use
11. Overview- Impact of Coronavirus Outbreak on Europe Frozen Bakery Products Market
11.1 Overview
11.2 Impact of COVID-19 on Frozen Bakery Products Market
11.3 Europe: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Merger & Acquisition
12.3 Product Launch
12.4 Partnership
13. Company Profiles
13.1 Dawn Food Products Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Europastry, SA
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Lantmannen Unibake
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Aryzta AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 General Mills, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Conagra Brands Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Grupo Bimbo
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.7.7 Key Developments
13.8 Associated British Foods Plc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word IndexLIST OF TABLES
Table 1. Europe Frozen Bakery Products Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 5. France Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. France Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 7. France Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 11. UK Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. UK Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia Frozen Bakery Products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe Frozen bakery products Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe Frozen Bakery Products Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe Frozen Bakery Products Market, by End-Use – Revenue and Forecast to 2028 (US$ Million)
Table 20. List of AbbreviationLIST OF FIGURES
Figure 1. Europe Frozen Bakery Products Market Segmentation
Figure 2. Europe Frozen Bakery Products Market Segmentation – By Country
Figure 3. Europe Frozen Bakery Products Market Overview
Figure 4. Bread and Rolls Segment Held Largest Share of Europe Frozen Bakery Products Market
Figure 5. Rest of Europe Held Largest Share of Europe Frozen Bakery Products Market
Figure 6. Europe Frozen Bakery Products Market, Industry Landscape
Figure 7. Expert Opinion
Figure 8. Frozen Bakery Products market Impact Analysis of Drivers and Restraints
Figure 9. Europe: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Frozen Bakery Products Market Revenue Share, By Product Type (2020 and 2028)
Figure 11. Bread and Rolls: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Cakes and Pastries: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Cookies and Biscuits: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Frozen Bakery Products Market Revenue Share, By Category (2020 and 2028)
Figure 16. Gluten-Free: Frozen bakery products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Conventional: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Frozen Bakery Products Market Revenue Share, By Category (2020 and 2028)
Figure 19. Food Service: Frozen bakery products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Food Retail: Frozen Bakery Products Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe: Frozen Bakery Products Market, by Key Country – Revenue (2020) (USD Million)
Figure 22. Europe: Frozen Bakery Products Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Germany: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. France: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Italy: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. UK: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. Russia: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. Rest of Europe: Frozen Bakery Products Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 29. Impact of COVID-19 Pandemic on Frozen Bakery Products Market in European Countries- Dawn Food Products, Inc.
- Europastry, S.A
- Lantmannen Unibake
- Grupo Bimbo S.A.B. de C.V
- Aryzta Ag
- General Mills, Inc.
- Conagra Brands, Inc.
- Associated British Food Plc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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