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 130 .7 billion US$ in 2021. Due to the above-mentioned factors, the market is expected to reach a value of US$170.2 billion by 2027, growing at a CAGR of 4.4% during the period 2022-2027. One of the most popular products are cakes and pastries, which are baked with flour, sugar, eggs, margarine, baking soda and baking powder. The cakes have a unique texture, which makes them customizable according to consumer preferences. They are widely used at ceremonies, such as weddings, birthdays and anniversaries and come in different sizes and shapes. Additionally, pastries are often baked or fried and are used as a crust for pies and pies. Shortcuts, puff pastries and choux are some of the types of pastries available in the market.
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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Global Cakes and Pastries Market Trends:
The cakes and pastries market is mainly driven by the growing demand for personalized pastries and cakes and the inflation of consumer purchasing power. The high demand for decadent foods and the increase in the working population have facilitated the demand for ready-to-eat food products, such as pastries, cakes and pies. Moreover, growing consumer health consciousness has prompted major players to introduce healthy product variants, such as whole wheat, multi-grain, organic, and gluten-free, which creates a positive outlook for 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.
American bakery company
Edwards Cake & Candy Supplies
BreadTalk Group Limited.
Breakdown by product:
Artisan Bakery Products
Bakery products in store
Breakdown by type:
Frozen cakes and pastries
Breakdown by sector:
Breakdown by distribution channel:
Super Markets and Hyper Markets
Breakdown by region:
Middle East and Africa
Breakdown by country
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Main highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
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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