Cakes and Pastries Market

Market Overview:

The global cakes and pastries market size reached US$ 136.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 171.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

Cakes and pastries are among the most popular products in the bakery industry. Cakes are baked using ingredients such as sugar, flour, eggs, margarine, baking powder and baking soda. It is often consumed on ceremonial occasions such as birthdays, weddings, and anniversaries. Available in different shapes and sizes, cakes can be customized according to the preference of the consumer. On the other hand, a pastry is a dough of flour, water and oil that can be both sweet and savory. Pastries are often fried or baked and are used as a crust for pies and tarts. Puff, shortcuts, and choux are some of the most common types of pastries available in the market.

Global Cakes and Pastries Market Trends:

The growing urbanization and high demand for decadent food products are the key factors driving the growth of the market. Furthermore, the increasing working population and rising disposable incomes have led to the escalating consumption of ready-to-eat food products such as cakes, pies and pastries, thus further augmenting the sales. Additionally, continual experimentation for the introduction of distinctive flavors of fillings and toppings, coupled with the increasing demand for customized pastries and cakes, is catering to a wide and diversified consumer base. Moreover, increasing health-consciousness among consumers has led to the incorporation of healthier ingredient alternatives, such as whole wheat flour instead of white flour. Along with this, the burgeoning demand for low sodium, gluten-free, multigrain and organic baked products is also propelling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cakes and pastries market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, type, sector and distribution channel.

Breakup by Product:

• Artisanal Bakery Products 
• In-store Bakery Products
   

Breakup by Type:

• Cakes
• Frozen Cakes & Pastries
• Pastries
• Sweet Pies
   

Breakup by Sector:

• Food Service
• Retail
   

Breakup by Distribution Channel:

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

Breakup by Region:

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

Breakup by Country

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

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being, Finsbury, Flowers Foods, Grupo Bimbo, American Baking Company, Britannia, Euro Cakes, Hostess Brands, McKee Foods, Yamazaki Baking, Aryzta, Mulino Bianco, Edeka, Edwards Cake & Candy Supplies, and BreadTalk Group Limited.

IMARC Group’s latest report provides a deep insight into the global cakes and pastries market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the cakes and pastries market in any manner.

Report Coverage:

Key Questions Answered in This Report:

• How has the global cakes and pastries market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global cakes and pastries industry?
• What has been the impact of COVID-19 on the global cakes and pastries market?
• What is the breakup of the market based on the product?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the sector?
• What is the breakup of the market based on the distribution channel?
• What is the breakup of the market based on the country?
• What are the various stages in the value chain of the global cakes and pastries industry?
• What are the key driving factors and challenges in the global cakes and pastries industry?
• What is the structure of the global cakes and pastries industry and who are the key players?
• What is the degree of competition in the global cakes and pastries industry?