Cakes and Pastries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
The global cakes and pastries market is expected to grow at a CAGR of 3.5% during 2019-2024. Cakes and pastries are among the most popular products in the bakery industry. A cake is a sweet dessert which is baked using ingredients such as sugar, flour, eggs, margarine, baking powder and baking soda. It is often consumed on ceremonial occasions such as birthdays, weddings and anniversaries. Available in different shapes and sizes, cakes can be customized according to the preference of the consumer. On the other hand, a pastry is a dough of flour, water and oil that can be both sweet and savory. Pastries are often fried or baked and are used as a crust for pies and tarts. Puff, shortcuts and choux are some of the most common types of pastries available in the market.
The growing urbanization and high demand for decadent food products are the key factors driving the growth of the market. Furthermore, the increasing working population and rising disposable incomes have led to the escalating consumption of ready-to-eat food products such as cakes, pies and pastries, thus further augmenting the sales. Additionally, continual experimentation for the introduction of distinctive flavors of fillings and toppings, coupled with the increasing demand for customized pastries and cakes, is catering to a wide and diversified consumer base. Moreover, increasing health-consciousness among consumers has led to the incorporation of healthier ingredient alternatives, such as whole wheat flour instead of white flour. Along with this, the burgeoning demand for low sodium, gluten-free, multigrain and organic baked products is also propelling the market growth.
IMARC Group’s latest report provides a deep insight into the global cakes and pastries market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cakes and pastries market in any manner.
Historical, Current and Future Market Trends
Market Breakup by Product:
Artisanal Bakery Products
In-store Bakery Products
Market Breakup by Type:
Frozen Cakes & Pastries
Market Breakup by Sector:
Market Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Market Breakup by Region:
Middle East and Africa
The report has also analysed the competitive landscape of the market with some of the key players being Finsbury, Flowers Foods, Grupo Bimbo, American Baking Company, Britannia, Euro Cakes, Hostess Brands, McKee Foods, Yamazaki Baking, Aryzta, Mulino bianco, Edeka, Edwards Cake & Candy Supplies, BreadTalk Group Limited, etc.
Key Questions Answered in This Report:
How has the global cakes and pastries market performed so far and how will it perform in the coming years?
What are the key regional markets in the global cakes and pastries industry?
What is the breakup of the market based on the product?
What is the breakup of the market based on the type?
What is the breakup of the market based on the sector?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the global cakes and pastries industry?
What are the key driving factors and challenges in the global cakes and pastries industry?
What is the structure of the global cakes and pastries industry and who are the key players?
What is the degree of competition in the global cakes and pastries industry?
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