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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. Due to the above-mentioned factors, the market is expected to reach a value of US$170.2 billion by 2027, growing to a CAGR of 4.4% over the period 2022-2027. Cakes and pastries are sweet foods widely eaten on special occasions or often eaten as dessert to satisfy sweet cravings. They are usually available in different shapes, colors, flavors and sizes with a limited shelf life. These are baked goods that contain flour as an essential ingredient. Cakes are usually made from a combination of eggs, flour, sugar and oil or butter and can easily be customized according to consumer requirements. On the other hand, pastries are usually available in short crust and suet, puff pastry, puff pastry, puff pastry and filo.

We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Global Cakes and Pastries Market Trends:

The global market is mainly influenced by the changing eating habits of the masses. This is supported by changing lifestyle preferences and inflation in individuals’ disposable income levels. With this in mind, the growing popularity of ready-to-eat food products and snacks is driving sales of cakes and pastries across the globe. Coupled with busy lifestyles and hectic schedules, especially of working professionals, this propels the growth of the market. Additionally, continuous product innovations such as introduction of low-fat and sugar-free bakery items due to growing health consciousness among the masses are favorably impacting the growth of the market. worldwide. Moreover, the proliferation of restaurants and cafes, along with the growing trend of promotional activities through social media, creates a positive outlook for the market. Moreover, continuous improvements in the e-commerce sector and the advent of online delivery services are giving impetus to the growth of the market. Other factors including innovative marketing strategies and advertising campaigns adopted by manufacturers and increasing automation of production processes are further contributing to the growth of the market.

Key Market Segmentation:

IMARC Group provides analysis of key trends in each sub-segment of the global cake and pastries market, as well as forecasts at the global, regional and country levels from 2022 to 2027. Our report has categorized the market based on product, type, sector and distribution channel.

Competitive Landscape:

  • Finsbury
  • Flowers Food
  • Bimbo Group
  • American bakery company
  • Brittany
  • European cakes
  • Hostess Marks
  • McKee Foods
  • Yamazaki cooking
  • Aryzta
  • Mulino Bianco
  • Edeka
  • Edwards Cake & Candy Supplies
  • BreadTalk Group Limited.

Breakdown by product:

  • Artisan Bakery Products
  • Bakery products in store

Breakdown by type:

  • Cakes
  • Frozen cakes and pastries
  • Pastries
  • Sweet pies

Breakdown by sector:

Breakdown by distribution channel:

  • Super Markets and Hyper Markets
  • convenience stores
  • Specialized retailers
  • Artisan Bakeries
  • Online stores
  • Others

Breakdown by region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Breakdown by country

  • Italy
  • Germany
  • United States
  • France
  • Ireland
  • UK
  • Netherlands
  • Australia
  • China
  • Brazil
  • Argentina
  • Mexico
  • Saudi Arabia
  • Africa Region
  • Japan

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Main highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market trends
  • Market drivers and success factors
  • Impact of COVID-19
  • Value chain analysis
  • 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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