Europe Frozen Waffle Market Forecast to 2030
Europe Frozen Waffle Market Forecast to 2030– Regional Analysis – by Type (Flavored and Unflavored/Plain), Category (Gluten-free and Conventional), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
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Description
Surging Demand for Frozen and Convenience Food in Europe Frozen Waffles Market
Over the past few years, the lifestyle of people globally evolved dramatically. Due to hectic work schedules, people are looking for products that save time and effort. Consumers prefer ready-to-eat, microwavable, and ready-to-prepare food products as they are highly suitable for on-the-go consumption and require minimal preparation time. These factors are significantly boosting the demand for convenience food among consumers. Moreover, the increasing women’s population, high per capita income, and rising middle-class population are key factors driving the growth of convenience food consumption regionally.
The number of single or two-person households is growing in various developed nations such as the US, Canada, and some European countries such as the UK and Germany. Frozen breakfast products such as pancakes, waffles, and breakfast cereals are gaining massive traction among consumers owing to the convenience of these products related to preparation and consumption. Thus, the rising demand for convenience food and frozen food products is driving the growth of the frozen waffles market.
Europe Frozen Waffle Market Overview
Countries considered for the frozen waffles market in Europe comprise Germany, France, Italy, the UK, Russia, and the Rest of Europe. Frozen waffles balance health and taste in the frozen breakfast space. Europe is one of the significant markets for frozen food owing to its busy lifestyle and growing desire to consume healthy food that is affordable, tasty, and ready to cook. According to the survey of Eurostat, 57% of people aged 16-74 participated in social networks in 2022 in the last three months before the survey, up by 3% compared to 2019. Most consumers in Europe use social networking sites such as Facebook, Twitter, and Instagram, while vendors predominantly use digital media to market their products. As a result, manufacturers utilize these platforms to attract customers by posting promotional offers and photographs of frozen waffles, which attract customers and drive market growth in the region.
Moreover, the rise in the number of health-conscious consumers who prefer healthy food options and inclination toward a healthy lifestyle has influenced the manufacturers to focus on innovation, contributing to the frozen waffles market growth in the region.
Europe Frozen Waffle Market Revenue and Forecast to 2030 (US$ Million)
Europe Frozen Waffle Market Segmentation
The Europe frozen waffle market is segmented into type, category, and distribution channel, and country.
Based on type, the Europe frozen waffle market is segmented into flavored and unflavored/plain. The flavored segment held a larger share of the Europe frozen waffle market in 2023.
Based on end category, the Europe frozen waffle market is segmented into gluten free and conventional. The conventional segment held the largest share of the Europe frozen waffle market in 2023.
Based on distribution channel, the Europe frozen waffle market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held the largest share of the Europe frozen waffle market in 2023.
Based on country, the Europe frozen waffle market is segmented into the Germany, France, UK, Italy, Russia, and the Rest of Europe. The UK dominated the share of the Europe frozen waffle market in 2023.
AVIETA S.A., Dely Wafels SRL, Kellogg’s Company, and Deligout Sprl are some of the leading companies operating in the Europe frozen waffles market.
Summary Info
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According to the research team research, the Europe frozen waffle market was valued at US$ 829.72 million in 2023 and is expected to reach US$ 1,221.48 million by 2030, registering a CAGR of 5.7% from 2023 to 2030. Surging demand for frozen and convenience food worldwide and rising trend of in-home consumption are the critical factors attributed to the Europe frozen waffle market expansion.
The COVID-19 pandemic influenced the consumption habits of consumers. Due to lockdowns and work-from-home mandates, people stayed home, prompting in-home consumption. Moreover, due to the closure of food service outlets such as cafes, restaurants, and fast-food outlets, the demand for ready-to-cook products, instant meals, and frozen food products increased significantly.
The COVID-19 pandemic significantly raised hygiene concerns among consumers, leading to changes in consumer buying behavior. Consumers increasingly prefer hygienically packaged food and beverages to prevent themselves from various infections and food-borne diseases. Although the number of COVID-19 cases has decreased significantly and the government restrictions are relaxed, many people are still concerned about hygiene conditions at foodservice outlets. Therefore, many people prefer in-home consumption over food service consumption. This factor positively impacts the sales of frozen breakfast products such as waffles and pancakes as they are highly suitable for in-home consumption. Frozen waffles are increasing in popularity among consumers as they are quick, easy to prepare, and conveniently consumed at home. Thus, the rising trend of in-home consumption, especially post-COVID-19 outbreak, is significantly boosting the demand for frozen waffles.
On the contrary, growing awareness and preference for healthy food hampers the Europe frozen waffle market.
Based on type, the Europe frozen waffle market is segmented into flavored and unflavored/plain. The flavored segment held 82.0% share of Europe frozen waffle market in 2023, amassing US$ 680.02 million. It is projected to garner US$ 1,009.33 million by 2030 to expand at 5.8% CAGR during 2023–2030.
Based on category, the Europe frozen waffle market is segmented into gluten-free and conventional. The conventional segment held 76.7% share of Europe frozen waffle market in 2023, amassing US$ 636.08 million. It is projected to garner US$ 927.54 million by 2030 to expand at 5.5% CAGR during 2023–2030.
Based on distribution channel, the Europe frozen waffle market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The supermarkets and hypermarkets segment held 54.2% share of Europe frozen waffle market in 2023, amassing US$ 449.80 million. It is projected to garner US$ 649.61 million by 2030 to expand at 5.4% CAGR during 2023–2030.
Based on country, the Europe frozen waffle market has been categorized into the Germany, France, UK, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 39.4% share of Europe frozen waffle market in 2023. It was assessed at US$ 327.30 million in 2023 and is likely to hit US$ 462.19 million by 2030, exhibiting a CAGR of 5.1% during the forecast period.
Key players operating in the Europe frozen waffle market are AVIETA S.A., Dely Wafels SRL, Kellogg’s Company, and Deligout Sprl, among others.
In April 2023, Kellogg expanded its Eggo lineup with three new flavors: Eggo Vanilla Bean Grab & Go waffles, Eggo Chocolatey Chip Banana waffles, and Eggo Berry Blast Mini Toast waffles. The Eggo Vanilla Bean Grab & Go is a Liege-style waffle. This is a Belgian-inspired street food staple with brioche dough and baked through with bits of pearl sugar, butter, and a vanilla flavor infusion.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe frozen waffles market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Europe frozen waffles market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team 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 Waffles Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 The threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Packaging
5. Europe Frozen Waffles Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Frozen and Convenience Food Worldwide
5.1.2 Rising Trend of In-Home Consumption
5.2 Market Restraints
5.2.1 Growing Awareness and Preference for Healthy Food
5.3 Market Opportunities
5.3.1 Product Innovation
5.4 Future Trends
5.4.1 Rising Growth of E-commerce
5.5 Impact Analysis of Drivers and Restraints
6. Europe Frozen Waffles –Market Analysis
6.1 Frozen Waffles Market –Revenue and Forecast to 2030 (US$ Million)
7. Europe Frozen Waffles Market Analysis – By Type
7.1 Overview
7.2 Europe Frozen Waffles Market, By Type (2022 and 2030)
7.3 Flavored
7.3.1 Overview
7.3.2 Flavored: Europe Frozen Waffles Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Unflavored/Plain
7.4.1 Overview
7.4.2 Unflavored/Plain: Europe Frozen Waffles Market – Revenue and Forecast to 2030 (US$ Million)
8. Europe Frozen Waffles Market Analysis – By Category
8.1 Overview
8.2 Europe Frozen Waffles Market, By Category (2022 and 2030)
8.3 Gluten-free
8.3.1 Overview
8.3.2 Gluten-free: Europe Frozen Waffles Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Conventional
8.4.1 Overview
8.4.2 Conventional: Europe Frozen Waffles Market – Revenue and Forecast to 2030 (US$ Million)
9. Frozen Waffles Market Analysis – By Distribution Channel
9.1 Overview
9.2 Europe Frozen Waffles Market, By Distribution Channel (2022 and 2030)
9.3 Supermarkets and Hypermarkets
9.3.1 Overview
9.3.2 Supermarkets and Hypermarkets: Europe Frozen Waffles Market– Revenue and Forecast to 2030 (US$ Million)
9.4 Convenience Stores
9.4.1 Overview
9.4.2 Convenience Stores: Europe Frozen Waffles Market– Revenue and Forecast to 2030 (US$ Million)
9.5 Online Retail
9.5.1 Overview
9.5.2 Online Retail: Europe Frozen Waffles Market– Revenue and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Europe Frozen Waffles Market– Revenue and Forecast to 2030 (US$ Million)
10. Europe Frozen Waffles Market – Country Analysis
10.1 Overview
10.1.1 Europe Frozen Waffles Market, by Key Countries – Revenue (2022) (US$ Million)
10.1.3 Europe Frozen Waffles Market Breakdown by Key Countries
10.1.3.1 Germany: Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.1.1 Germany: Frozen Waffles Market Breakdown by Type
10.1.3.1.2 Germany: Frozen Waffles Market Breakdown by Category
10.1.3.1.3 Germany: Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.2 France: Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.2.1 France: Frozen Waffles Market Breakdown by Type
10.1.3.2.2 France: Frozen Waffles Market Breakdown by Category
10.1.3.2.3 France: Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.3 Italy: Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.3.1 Italy: Frozen Waffles Market Breakdown by Type
10.1.3.3.2 Italy: Frozen Waffles Market Breakdown by Category
10.1.3.3.3 Italy: Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.4 UK: Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.4.1 UK: Frozen Waffles Market Breakdown by Type
10.1.3.4.2 UK: Frozen Waffles Market Breakdown by Category
10.1.3.4.3 UK: Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.5 Russia: Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.5.1 Russia: Frozen Waffles Market Breakdown by Type
10.1.3.5.2 Russia: Frozen Waffles Market Breakdown by Category
10.1.3.5.3 Russia: Frozen Waffles Market Breakdown by Distribution Channel
10.1.3.6 Rest of Europe Frozen Waffles Market Revenue Forecasts to 2030 (US$ Million)
10.1.3.6.1 Rest of Europe Frozen Waffles Market Breakdown by Type
10.1.3.6.2 Rest of Europe Frozen Waffles Market Breakdown by Category
10.1.3.6.3 Rest of Europe Frozen Waffles Market Breakdown by Distribution Channel
11. Industry Landscape
11.1 Overview
11.2 New Product Development
12. Company Profiles
12.1 DELY Wafels SRL
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Deligout Sprl
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Avieta SA
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Kellogg Co
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About Research Team
13.2 Word Index
LIST OF TABLES
Table 1. Europe Frozen Waffles Market –Revenue and Forecast to 2030 (US$ Million)
Table 2. Germany: Frozen Waffles Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 3. Germany: Frozen Waffles Market, by Category – Revenue and Forecast to 2030 (US$ Million)
Table 4. Germany: Frozen Waffles Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 5. France: Frozen Waffles Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 6. France: Frozen Waffles Market, by Category – Revenue and Forecast to 2030 (US$ Million)
Table 7. France: Frozen Waffles Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 8. Italy: Frozen Waffles Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 9. Italy: Frozen Waffles Market, by Category – Revenue and Forecast to 2030 (US$ Million)
Table 10. Italy: Frozen Waffles Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 11. UK: Frozen Waffles Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 12. UK: Frozen Waffles Market, by Category – Revenue and Forecast to 2030 (US$ Million)
Table 13. UK: Frozen Waffles Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 14. Russia: Frozen Waffles Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 15. Russia: Frozen Waffles Market, by Category – Revenue and Forecast to 2030 (US$ Million)
Table 16. Russia: Frozen Waffles Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 17. Rest of Europe Frozen Waffles Market, by Type – Revenue and Forecast to 2030 (US$ Million)
Table 18. Rest of Europe Frozen Waffles Market, by Category – Revenue and Forecast to 2030 (US$ Million)
Table 19. Rest of Europe Frozen Waffles Market, by Distribution Channel – Revenue and Forecast to 2030 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Frozen Waffles Market Segmentation
Figure 2. Frozen Waffles Market Segmentation – By Country
Figure 3. Europe Frozen Waffles Market Overview
Figure 4. Europe Frozen Waffles Market: By Type
Figure 5. Europe Frozen Waffles Market: By Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Value Chain: Frozen Waffles
Figure 9. Europe Frozen Waffles Market Impact Analysis of Drivers and Restraints
Figure 10. Europe: Frozen Waffles Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Europe Frozen Waffles Market Revenue Share, By Type (2022 and 2030)
Figure 12. Flavored: Europe Frozen Waffles Market – Revenue and Forecast To 2030 (US$ Million)
Figure 13. Unflavored/Plain: Europe Frozen Waffles Market – Revenue and Forecast To 2030 (US$ Million)
Figure 14. Europe Frozen Waffles Market Revenue Share, By Category (2022 and 2030)
Figure 15. Gluten-free: Europe Frozen Waffles Market – Revenue and Forecast To 2030 (US$ Million)
Figure 16. Conventional: Europe Frozen Waffles Market – Revenue and Forecast To 2030 (US$ Million)
Figure 17. Europe Frozen Waffles Market Revenue Share, By Distribution Channel (2022 and 2030)
Figure 18. Supermarkets and Hypermarkets: Europe Frozen Waffles Market– Revenue and Forecast To 2030 (US$ Million)
Figure 19. Convenience Stores: Europe Frozen Waffles Market– Revenue and Forecast To 2030 (US$ Million)
Figure 20. Online Retail: Europe Frozen Waffles Market– Revenue and Forecast To 2030 (US$ Million)
Figure 21. Others: Europe Frozen Waffles Market– Revenue and Forecast To 2030 (US$ Million)
Figure 22. Europe Frozen Waffles Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 23. Europe Frozen Waffles Market Breakdown by Key Countries, 2022 & 2030 (%)
Figure 24. Germany: Frozen Waffles Market Forecasts to 2030 (US$ Million)
Figure 25. France: Frozen Waffles Market Forecasts to 2030 (US$ Million)
Figure 26. Italy: Frozen Waffles Market Forecasts to 2030 (US$ Million)
Figure 27. UK: Frozen Waffles Market Forecasts to 2030 (US$ Million)
Figure 28. Russia: Frozen Waffles Market Forecasts to 2030 (US$ Million)
Figure 29. Rest of Europe Frozen Waffles Market Forecasts to 2030 (US$ Million)
The List of Companies – Europe Frozen Waffle Market
o Avieta SA
o DELY Wafels srl
o Kellogg’s Company
o Deligout sprl
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