Meticulous Research®, a leading global market research firm, has released a new report titled, "Frozen Dough Market—Global Opportunity Analysis and Industry Forecast (2024-2031)." According to this latest publication, the global frozen dough market is expected to reach $37.8 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.6% during the forecast period from 2024 to 2031.

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The growth of this market is primarily fueled by rapid urbanization, an increasing preference for convenience foods, a rise in global bakery product consumption, and a surge in demand for ready-to-bake and ready-to-eat products. However, market expansion is hindered by consumer perceptions of frozen dough products as being inferior to freshly baked goods and the limited availability of adequate storage systems.

On the bright side, the growing demand for gluten-free and allergen-free products, along with opportunities in emerging markets across Asia-Pacific, Latin America, and the Middle East & Africa, is expected to provide substantial growth avenues for market participants. Conversely, the lack of cold-chain infrastructure in developing regions poses a significant challenge to market growth. Key trends in the frozen dough market include an increasing preference for clean-label products and a rising demand for vegan frozen dough options.

Market Segmentation
The frozen dough market is segmented by product type, distribution channel, and geography.

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• By Product: In 2024, the bread segment is expected to hold the largest market share of 30.7%, driven by the growing global consumption of bread dough due to its convenience, variety, and affordability. Frozen bread dough is easy to prepare and can be customized to meet specific customer preferences.
• By Distribution Channel: The business-to-business (B2B) segment is anticipated to dominate the market in 2024, primarily due to the expansion of B2B frozen food trade, the rising number of quick service restaurants (QSRs), and increased demand from hotels, restaurants, food chains, cafes, and the broader food service sector.
• By Geography: Europe is projected to hold the largest market share of 40.1% in 2024. This dominance is attributed to factors such as a growing preference for ready-to-eat foods, favorable regulations, a well-established cold chain infrastructure, innovations by leading industry players, advancements in frozen food technology, busier consumer lifestyles, the introduction of healthy and diet-focused frozen meals, and a rising volume of frozen food imports into the region.

Key Market Players
Leading companies in the frozen dough market include General Mills, Inc. (U.S.), ARYZTA AG (Switzerland), Nestlé S.A. (Switzerland), Ajinomoto Co., Inc. (Japan), Campbell Soup Company (U.S.), Bridgford Foods Corporation (U.S.), Europastry, S.A. (Spain), Dawn Food Products, Inc. (U.S.), CSM Ingredients S.A.R.L. (Luxembourg), Guttenplan’s (U.S.), Lantmännen Unibake International (part of Lantmännen Group) (Denmark), and Okanagan Frozen Dough (Canada).

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