According to the latest report by IMARC Group, titled “Cakes and Pastries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,”
the global cakes and pastries market reached a value of US$ 130.7 Billion in 2021. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 170.2 Billion by 2027, growing at a CAGR of 4.4% during 2022-2027. Cakes and pastries are one of the most popular products, which are baked using flour, sugar, eggs, margarine, baking soda, and baking powder. The cakes have a unique texture, which makes them customizable as per the consumer preference. They are largely used on ceremonial occasions, such as weddings, birthdays and anniversaries and are available in different sizes and shapes. Moreover, pastries are often baked or fried and are used as a crust for tarts and pies. Shortcuts, puff, and choux are some of the types of pastries available in the market.
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Global Cakes and Pastries Market Trends:
The cakes and pastries market is primarily driven by the rising demand for customized pastries and cakes and inflating consumer expenditure power. The high demand for decadent foods and rising working populace have facilitated the demand for ready-to-eat food products, such as pastries, cakes, and pies. Moreover, the rising consumer health consciousness has prompted the key players to introduce healthy product variants, such as whole wheat, multigrain, organic, and gluten-free, which is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cakes and pastries market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, type, sector and distribution channel.
Market Breakup by Product:
- Flowers Foods
- Grupo Bimbo
- American Baking Company
- Euro Cakes
- Hostess Brands
- McKee Foods
- Yamazaki Baking
- Mulino Bianco
- Edwards Cake & Candy Supplies
- BreadTalk Group Limited.
Breakup by Type:
- Artisanal Bakery Products
- In-store Bakery Products
Market Breakup by Sector:
Breakup by Distribution Channel:
- Frozen Cakes & Pastries
- Sweet Pies
- Super Markets and Hyper Markets
- Convenience Stores
- Specialist Retailers
- Artisanal Bakeries
- Online Stores
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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- United States
- United Kingdom
- Saudi Arabia
- Africa Region
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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