According to the latest report of the IMARC group, entitled “Cakes and Pastries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, the world market for cakes and pastries reached a value of US$130.7 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$170.2 billion by 2027, with a CAGR of 4, 4% in 2022-2027.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Cakes and pastries refer to baked goods prepared by baking with ingredients such as sugar, baking soda, flour, eggs, baking powder, etc. Some commonly available pastries in the market are puff pastries, short cuts, choux pastries, etc. These are usually eaten on ceremonies including birthdays, weddings, anniversaries, etc. Cakes and pastries are available in different shapes and sizes and can be customized according to consumer preferences. They are often baked and used as a crust for pies and pies.
Increasing levels of urbanization and increasing demand for decadent food products are mainly driving the cakes and pastries market across the globe. Additionally, growing labor force and inflation in disposable incomes have led to increased consumption of various ready-to-eat food products, such as cakes, pies, and pastries, thus propelling the growth of the market. With this in mind, continued experimentation to introduce distinctive flavors of toppings and toppings and the growing demand for personalized pastries and cakes is another growth driver. Also, growing consumer health consciousness has led to the incorporation of healthier alternative ingredients including whole wheat flour instead of white flour which is also increasing the global market. Apart from this, growing demand for low sodium, gluten-free, multi-grain and organic bakery products will continue to support the cakes and pastries market during the forecast period.
Cakes and pastries market Competitive analysis and segmentation 2022-2027:
Competitive landscape with key players:
The competitive landscape of the Cakes and Pastries market has been studied in the report with the detailed profiles of the major players operating in the market.
Some of these key players include:
- Flowers Food
- Bimbo Group
- American bakery company
- European cakes
- Hostess Marks
- McKee Foods
- Yamazaki cooking
- Mulino bianco
- Edwards Cake & Candy Supplies
- BreadTalk Group Limited
Key Market Segmentation:
The report has segmented the cakes and pastries market on the basis of product, type, industry, distribution channel, and region.
Break by Product:
- Artisan Bakery Products
- Bakery products in store
Break by Type:
- Frozen cakes and pastries
- Sweet pies
Break by Sector:
Break by Distribution channel:
- convenience stores
- Supermarkets and Hypermarkets
- Specialized retailers
- Artisan Bakeries
- Online retailers
Break by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/cakes-pastries-market
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Industry trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Structure of the global market
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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