February 28, 2024

Frozen Pastries Market Growth Accelerated by Rising Demand for Healthy and Nutritious Frozen Pastries

Frozen pastries such as croissants, donuts, Danishes are baked goods that are ready to eat and can be stored for longer duration without refrigeration. They provide instant energy and contain essential nutrients. The rising health awareness has increased the demand for nutritious frozen pastries with low sugar and calorie content. The availability of plant-based and gluten-free options further stimulates the market growth.

The global Frozen Pastries Market is estimated to be valued at US$ 31.63 Bn in 2024 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

There is a rising demand for nutritious bakery products with low calorie, sugar and fat content. Manufacturers are focusing on development and launch of healthy variants of frozen pastries made using whole grains, nuts, seeds and natural flavors. For instance, Oroweat offers multi-grain variety of English muffins and bagels. The availabilty of plant-based and gluten-free frozen pastries is also stimulating the market growth significantly. People with celiac disease, gluten sensitivity and those following vegan/vegetarian diets opt for these healthy alternatives. This trend is compelling manufacturers to expand their product portfolio catering to diverse consumer demands.

Segment Analysis
The global frozen pastries market can be segmented on the basis of product type, distribution channel, and geography. Based on product type, the market is dominated by the frozen cakes and pastries segment, accounting for over 35% share of the global market in 2024. This segment is expected to maintain its dominance over the forecast period owing to high demand for convenient cakes and pastries that do not require baking.

Key Takeaways
The Global Frozen Pastries Market Size is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis: North America will dominate the global market during the forecast period. The region accounted for over 30% share of the global market in 2024 due to high consumption of convenience foods in countries like the US and Canada. Key players operating in this region include Pfizer Inc., Allergan plc (AbbVie Inc.), Teva Pharmaceutical Industries Ltd.

Key players, Pfizer Inc., Allergan plc (AbbVie Inc.) and Teva Pharmaceutical Industries Ltd. hold a major share in the global frozen pastries market. These companies are focusing on business expansion strategies such as new product launches to cater to the growing demand across different regions.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it