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Cakes and Pastries Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028

“Cake and Pastries Market: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2023-2028 provides a deep and thorough evaluation of the global cake and pastries market. Cakes are prepared using sugar, flour, eggs, margarine, butter, baking powder, and baking soda. They are available in various shapes, flavors, and sizes and can be customized according to consumers' preferences. On the other hand, pastries are a type of dough made with flour, water, and shortening. They are commonly available in short and suet crust, choux, rough puff, and filo variants. They can be sweet or savory with a flaky, crumbly texture and rich buttery flavor. As a result, cakes and pastries are widely consumed as desserts to satiate sweet cravings and celebrate special occasions, such as birthdays, weddings, and anniversaries. 

The global cakes and pastries market is primarily driven by the escalating demand for convenience and ready-to-eat (RTE) food products due to inflating consumer expenditure capacities, rapid urbanization, and changing dietary preferences. Additionally, the rising consumption of desserts, including cakes, pastries, and pies post meals during dine-out and weekend parties, especially among the young population, is another major growth-inducing factor. Besides this, the shifting inclination toward customized cakes and pastries and the introduction of new flavors, fillings, and toppings have augmented the product demand. Furthermore, the leading players are launching low-fat, sugar-free, low sodium, gluten-free, and multigrain bakery items made using organic and healthier ingredients, such as whole wheat flour instead of white flour. In line with this, extensive investments in innovative marketing strategies and advertising campaigns by manufacturers have catalyzed the market growth. Other factors, including the surging number of restaurants and cafes, emergence of online delivery services, increasing automation in the production process, growing consumer health consciousness, and product innovations, are also anticipated to drive the market further.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the cake and pastries market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the cake and pastries market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the cake and pastries market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the cake and pastries industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the cake and pastries industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the cake and pastries industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the cake and pastries industry. Furthermore, the value chain analysis of the cake and pastries industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Segmentation by Product

  • Artisanal
  • In-store bakeries

Segmentation by Region:

  • Asia-Pacific
  • Europe
  • Latin America
  • North America
  • Middle East & Africa

Competitive Landscape:

  • Yamazaki Baking
  • McKee Foods
  • Hostess Brands
  • Grupo Bimbo
  • Flowers Foods

The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the cakes and pastries industry along the parameters of the porter’s five forces model. This model examines the degree of competition in the cakes and pastries industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. Swot analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the cakes and pastries industry. Furthermore, the value chain analysis of the cakes and pastries industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing and sales of the products, and their distribution.

Highlights of The Cakes and Pastries Market

  • Historical and current scenario
  • Trends and developments
  • Impact of COVID-19
  • Market forecast
  • Price analysis and forecast
  • Porter’s five forces analysis
  • SWOT analysis
  • Value chain analysis

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the cakes and pastries industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.

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