Market Overview:
Frozen Bakery Additives Market was valued at USD 1917.54 million in 2022 and is expected to reach USD 3180.68 million by the year 2030, at a CAGR of 6.53%.
Frozen bakery additives are used to enhance the quality, safety, and shelf life of frozen products. With an extensive history of use, the surging demand for frozen bakery items has prompted enterprises to embrace innovative strategies to bolster the safety and excellence of these products, thereby fostering the expansion of the frozen bakery additives market in the projected period. This trend is further propelled by the modern fast-paced lifestyle, elevating the requisition for processed and frozen bakery commodities.
Notably, preservatives play a vital role by retarding deterioration stemming from air, microbes, yeast, or mold. Their function encompasses upholding food quality and curbing contamination linked to foodborne ailments. Prominent among additives, Mono Sodium Glutamate (MSG) is frequently employed to heighten and enrich the flavor profile across diverse products. Similarly, sodium nitrite serves as a preservative in frozen meat products, impeding bacterial proliferation while imparting a reddish-pink hue and savory essence. Furthermore, artificial sweeteners like aspartame find application in frozen confections, contributing sweetness without the calorie load—beneficial for diabetic individuals, thus galvanizing market growth across the anticipated span.
Top Key Players for Frozen Bakery Additives Market:
Bellarise, Grupo Bimbo, Sensient Colors LLC, British Foods Plc, ADM, Corbion, Cargill Inc, Puratos, Lonza, Kerry, LASENOR EMUL, S.L., Palsgaard A/S, Jungbunzlauer AG, DDW The Color House, Dupont, DSM (Netherlands), David Michael & Co., Novozymes, Others and other major players.
Market Dynamics and Factors for Frozen Bakery Additives Market:
Drivers:
Growing Demand for Ready-To-Eat Frozen Bakery Products Driven by Busy Lifestyles, Improved Quality, and Diverse Offerings
The surge in demand for convenient, ready-to-eat frozen bakery products is fueled by the fast-paced lifestyle, offering time-efficiency and essential nutrition. This shift underscores the necessity for time-saving options amidst hectic routines. Enhanced product quality, affordability, and eco-friendly production further propel the market. Diverse product expansion, including pizza bases and burger patties, encourages home preparation. The utilization of additives like Guar Gum, known for its thickening and health benefits, further drives the market's growth potential.
Opportunities:
Rising Popularity for Bakery Products Like Artisan-Style Bread &
The growing global appetite for artisan-style bread, illustrated by Kroger's expansion with Moulin Francais, alongside the emerging trend of CBD-infused foods like pizzas and cookies, presents a significant opportunity. This could fuel growth in the frozen food additives market, especially within the frozen bread application segment, and potentially have a positive impact on the enzymes market due to the expected utilization of food enzymes in these unique products.
Segmentation Analysis of the Frozen Bakery Additives Market:
By Additives, the largest market share during the forecast period is projected for the Synthetic flavors and colors segment. These additives enhance food flavor while preserving texture and appearance, notably used in bread, cakes, pastries, and biscuits, potentially bolstering the frozen bakery additives industry. The frozen bakery colorants are also anticipated to experience significant growth. These additives amplify the visual appeal of products like frozen pastries and cakes.
By Application, the frozen bakery additives market encompasses various segments, including frozen candy, cake, pastry, bread, meat products, and more. The frozen cake and pastry segment is expected to dominate due to the cultural shift towards Western treats. Utilization of leavening agents for desired attributes in cakes could further drive market growth.
Regional Analysis of the Frozen Bakery Additives Market:
Europe and North America are poised to be the largest markets for frozen bakery additives in the forecast period, attributed to the processed food-oriented lifestyle and increasing health consciousness in these regions. These additives are employed to enhance nutritional value by reducing lipid and carbohydrate content, aligning with health trends and potentially boosting market growth.
In Asia Pacific, led by significant economies like India, Japan, South Korea, and China, the frozen bakery additives market is expected to witness substantial growth. The rise of online food delivery channels is anticipated to drive bakery product demand.
Key Industry Development:
- In December 2020, Cargill declared that it is going to double the production of the Cold-Water Swelling Starch (CWSS) a modified starch, at Pandaan sweetener plant to meet the rising demands from the bakery industry. CWSS is the best-in-class starch solution that gives a unique texture to the end products
- In April 2019, Bellarise company, a subsidiary of Pak Holding has launched its new product, Bellarise® semi-dry yeast. The frozen dough which is prepared using Bellarise® semi-dry yeast provides a much longer and consistent shelf life than doughs that are prepared using cream or compressed yeast.
