Cakes and Pastries Market Share, Size, Growth, Demand and Forecast Till 2024: IMARC Group

Global Cakes and Pastries Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Cakes and Pastries Market Overview: According to the latest report by IMARC Group, titled “Cakes and Pastries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the global cakes and pastries market size is currently expanding at a steady rate. Cakes and pastries are baked desserts that are widely consumed by all age groups across the globe. These can be prepared at homes, bakeries, and other food joints, including cafes and restaurants. Cakes and pastries are generally available in a range of shapes, tastes and flavors. With a limited shelf-life, both the desserts share somewhat similar appearance but vary in other aspects, such as production procedures and ingredients. A cake is a sweet dessert containing essential ingredients, such as sugar, butter, baking soda, eggs, flour, oil or butter and baking powder. Some of the most popular flavors of cakes are chocolate, vanilla and strawberry. On the other hand, pastries are generally available in smaller sizes and relatively fewer flavors as compared to cakes. The primary ingredients in pastries include butter, water and flour, and they can be both sweet and savory in taste. Short-crust, rough-puff, puff, filo and flaky are some of the common types of pastries available in the market.

Looking forward, the global cake and pastries market is expected to reach strong growth by 2024.

Global Cakes and Pastries Market Trends:

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

The bourgeoning demand for cakes and pastries can be attributed to rapid urbanization and increasing disposable incomes, which has led to a higher purchasing power of consumers. Furthermore, the increasing inclination of consumers, especially the young demographic, toward trying new flavors of cakes and pastries is providing a thrust to the market. This has prompted market players across the globe to introduce innovative flavors, such as fruit and nut, coffee, caramel, and cookies and cream.

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Rising health-consciousness is also acting as another major growth-inducing factor and has led to the incorporation of healthier ingredients, along with the introduction of gluten-free and organic product variants in the market. Moreover, the baked goods sector has significantly evolved in the recent years owing to various technological advancements and the incorporation of novel manufacturing techniques. Along with this, the growing popularity of western-style bakeries in developing nations, such as India and China, is further presenting manufacturers with numerous growth opportunities.

Key Market Segmentation: Market Segmentation by Product • •

Artisanal Bakery Products In-store Bakery Products

The market has been bifurcated on the basis of the product, which includes artisanal and in-store bakery products.

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Report Description Market Segmentation by Type • • • •

Cakes Frozen Cakes & Pastries Pastries Sweet Pies

Based on the type, the market has been segmented into cakes, frozen cakes and pastries, pastries and sweet pies.

Market Segmentation by Sector • •

Food Service Retail

The report has analyzed the market according to the sector, which mainly consists of the food service and retail sectors.

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Market Segmentation by Distribution Channel • • • • • •

Convenience Stores Supermarkets and Hypermarkets Specialist Retailers Artisanal Bakeries Online Retailers Others

On the basis of the distribution channel, the market has been segregated into convenience stores, supermarkets and hypermarkets, specialist retailers, artisanal bakeries, online retailers and others.

Market Segmentation by Region • • • •

North America Asia Pacific Europe Middle East and Africa

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Report Description •

Latin America

On the geographical front, the market has been divided into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • •

Finsbury Flowers Foods Grupo Bimbo American Baking Company Britannia Euro Cakes Hostess Brands McKee Foods Yamazaki Baking

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Aryzta Mulino bianco Edeka Edwards Cake & Candy Supplies BreadTalk Group Limited

Browse Related Report Gluten-Free Products Market Report: https://www.imarcgroup.com/gluten-free-products-market Food Service Market Report: https://www.imarcgroup.com/food-service-market

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