The bakery industry around the world has expanded into a multitude of products that are spread across various categories, which also includes healthy and organic offerings. Cakes and Pastries are considered prominent products in the bakery industry. The cake is basically a sweet food which is made from sugar, flour, and other ingredients and which is usually baked. Pastries, on the other hand, are a dough that is made up of water, flour, and shortening (solid fats, which includes butter), which may be sweetened or savory.
MARKET DYNAMICS
The increase in urbanization, as well as an increase in the disposable income of the consumers, has led to an increase in the demand for cakes and pastries among the millennials. The continuous innovation in the bakery industry, as well as the changing preference of the consumers, is driving the cakes and pastries market. For health-conscious consumers, there are low fat and sugar-free bakery products, which will drive the market among health-conscious consumers as well. The health concern, along with diet consciousness, is one of the restrains of the market.
MARKET SCOPE
The "Global Cakes and Pastries Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cakes and pastries market with detailed market segmentation by type, segment, application, distribution channel and geography. The global cakes and pastries market are expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cakes and pastries market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Cakes and Pastries Market is segmented on the basis of type, segment, application and distribution channel. On the basis of type, the market is segmented into cakes, frozen cakes and pastries, pastries and sweet pies. On the basis of segment, the market is divided into artisanal and in-store bakeries. On the basis of application, the market is segmented into food service, retail and others. On the basis of distribution channel, the market is segmented into supermarket/hypermarket, convenient stores, specialty store, artisanal bakeries, online channel and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the Global Cakes and Pastries Market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cakes and pastries market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cakes and pastries market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cakes and pastries market in these regions.
MARKET PLAYERS
The reports cover key developments in the cakes and pastries market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from cakes and pastries market are anticipated to lucrative growth opportunities in the future with the rising demand for cakes and pastries in the global market. Below mentioned is the list of few companies engaged in the cakes and pastries market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the cakes and pastries market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Finsbury Food Group Plc
- American Baking Company
- BreadTalk Group Limited
- EDEKA Center Knauer
- Edwards Cake & Candy Supplies
- Monginis.
- FLOWERS FOODS, INC.
- Aryzta AG
- Grupo Bimbo
- George Weston Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.