Market Overview:
The Canada Frozen Bakery Market size is expected to grow from USD 3.78 billion in 2022 to USD 6.12 billion by 2030, at a CAGR of 6.2% during the forecast period (2023-2030).
The Canadian frozen bakery market is a dynamic and expanding sector characterized by a growing demand for convenient and high-quality baked goods. With consumers seeking time-saving solutions, frozen bakery products like bread, pastries, and desserts have gained popularity. The market is driven by factors such as busy lifestyles, urbanization, and an increasing preference for ready-to-bake and ready-to-eat options. Major players in the industry focus on innovation, introducing new flavors and healthier alternatives to meet changing consumer preferences. Additionally, the influence of global culinary trends and a rising awareness of diverse bakery offerings contribute to the market's vibrancy. The frozen bakery market in Canada is poised for continued growth, with opportunities for both established brands and emerging players to thrive.
Top Key Players Covered in The Canada Frozen Bakery Market:
- PATISSERIE LA TABLE DOUCE
- Weston Foods Inc
- How Sweet It Is
- Pacific Dessertco Wholesale Inc
- General Mills Inc.
- BIMBO CANADA
- Rich Products Corporation
- Canada Bread Company
- Quality Is Our Recipe LLC
- FGF Brands
- SARA LEE FROZEN BAKERY
- Maple Leaf Foods Inc.
- Kellogg Canada Inc.
- Kraft Foods Inc and other major players.
Market Dynamics and Factors:
Increasing demand for frozen bakery products is a leading cause driving the market growth. Moreover, an increase in the number of manufacturing companies and a decently positioned retail and service sector are attracting consumers towards frozen bakery products. The influence of western culture in the Canadian population plays an important role in driving Canadas frozen bakery products market. Numerous festivals including 200 major and several minor festivals are celebrated annually in Canada.
The increasing population of obese and diabetic people and the provision of products that are suitable for their health is the greatest opportunity for market players. The growing trend of a healthy diet is promoting market players to add nutritious food supplements in frozen bakery products to enhance their nutritional value. The Canadian population is picking low fat, no preservatives, and environmentally friendly packaging over any other available products. Gluten-free frozen bakery items are popular among obese people as these products aids in digestion and help in reducing weight thus, promoting market players to launch a segment in gluten-free frozen bakery products.
Canada Frozen Bakery Market Report Highlight:
- By Product, the bread segment is expected to lead the growth of the Canada Frozen Bakery Market during the forecast period. Bread is the most consumed bakery product among the Canadian population. Bagel is the most consumed bread form followed by packaged slice bread. The artisanal and craft bread is most popular among people aged between 45-54. Moreover, on average the per capita spending on bread is around 98 Canadian dollars followed by pastries with 31 Canadian dollars thus, encouraging the expansion of the Canada Frozen Bakery Market during the forecast period.
- By Source, the wheat segment is predicted to have the highest share of the Canada Frozen Bakery Market in the forecast period. Moreover, wheat is high in protein and dietary fiber content. It also having a good to an excellent source of many micronutrients such as B-vitamins, iron, and zinc. Furthermore, wheat is the most cultivated cereal crop in Canada therefore high availability of wheat in this region is the main factor driving the growth of this segment.
Key Industry Development:
- In May 2023, Maple Leaf Foods Inc.'s Acquisition of Premier Foods Ltd.: In a major consolidation move, Maple Leaf Foods, a leading Canadian food manufacturer, acquired Premier Foods Ltd., a prominent frozen bakery producer, in February 2023. This acquisition expands Maple Leaf's frozen bakery portfolio and bolsters its presence in the Western Canadian market.
- In January 2023, ConAgra Foods Inc.'s Divestiture of Frozen Bakery Business: ConAgra Foods, a US-based food giant, divested its Canadian frozen bakery business to focus on its core frozen food categories. This divestment creates opportunities for smaller players to acquire assets and expand their market share.
Canada Frozen Bakery Market Segmentation:
By Product
- Bread
- Pizza Base
- Cakes
- Batters
- Cookies
- Others
By Source
- Wheat
- Rye
- Barley
- Others
By Category
- Gluten-Free
- Sugar-Free
- Conventional
By Consumption
- Ready To Eat
- Ready To Bake
- Raw Materials
By Distribution Channel
- Supermarket & Hypermarkets
- Bakery Stores
- Online Services
- Others
