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. Looking forward, IMARC Group expects the market to reach US$ 170.2 Billion by 2027, exhibiting at a CAGR of 4.4% during 2022-2027.
Cakes and pastries are sweet baked goods that are typically made from a combination of flour, sugar, eggs, butter, and other ingredients, such as fruits, nuts, and chocolate. Cakes are usually larger and can be layered, while pastries are smaller and often flakier. Both are often consumed as desserts or as a treat with coffee or tea. They can be found in various shapes, sizes, and flavors, including classic options like vanilla or chocolate, as well as more unique flavors like matcha or salted caramel. Cakes and pastries can be made at home or purchased from bakeries and specialty shops.
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Global Cakes and Pastries Market Trends:
The increasing demand for cakes and pastries as desserts post meals during dine-out and weekend parties across the globe represents a significant factor driving the market growth. In line with this, the rising popularity of celebrating different special occasions and success through cake cutting is contributing to the growth of the market. In addition to this, the easy product availability at various online and offline retail stores at affordable price points is another factor inducing the market. Moreover, the increasing consumption of cakes and pastries as convenient and portable snack options, along with increasing consumer spending capacities is creating a positive outlook for the market.
Global Cakes and Pastries Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global cakes and pastries market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Flowers Foods
- Grupo Bimbo
- American Baking Company
- Euro Cakes
- Hostess Brands
- McKee Foods
- Yamazaki Baking
- Mulino Bianco
- Edwards Cake & Candy Supplies
- BreadTalk Group Limited.
Key Market Segmentation:
Breakup by Product:
- Artisanal Bakery Products
- In-store Bakery Products
Breakup by Type:
- Frozen Cakes & Pastries
- Sweet Pies
Breakup by Sector:
- Food Service
Breakup by Distribution Channel:
- Super Markets and Hyper Markets
- Convenience Stores
- Specialist Retailers
- Artisanal Bakeries
- Online Stores
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=1590&flag=C
Key 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
- 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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