The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2026
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Cakes and pastries refer to baked desserts that are widely consumed by all age groups across the globe. Cakes are baked using various ingredients, such as flour, sugar, eggs, margarine, baking powder, baking soda, etc.
While pastries are a dough of flour, oil, and water, that can be both sweet and savory in taste. These can be prepared at bakeries, homes, and other food joints, including restaurants and cafes.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global Cakes and Pastries Industry Trends and Drivers:
The growing consumer inclination towards ready-to-eat food products, on account of the rising hectic lifestyles, is primarily driving the cakes and pastries market. Additionally, the widespread adoption of various bakery items, including cakes, pastries, pies, etc., that are sugar-free, gluten-free, whole-wheat, etc., by health-conscious individuals is further catalyzing the market growth.
Besides this, the increasing utilization of cakes and pastries on numerous ceremonial and formal occasions, owing to their palatability, appearance, easily digestible nature, etc., is acting as another significant growth-inducing factor.
Apart from this, the growing popularity of artisan bakeries offering customized product variants with a wide array of sizes, shapes, and innovative flavors, such as fruit and nut, coffee, caramel, cookies, cream, etc., is anticipated to fuel the cakes and pastries market over the forecasted period.
Global Cakes and Pastries Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the global cake and pastries industry with the leading players profiled in the report.
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