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Pastries Market - Growth, Trends and Forecast (2020 - 2025)
Global Pastries Market is segmented by Taste (Sweet and Savory), Sales (Packaged Pastries and Artisanal and In-store Bakeries), Distribution Channel (Online Sales, Supermarkets/ Hypermarkets, Convenience Stores, and Others), and Geography.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016-2024
Base Year:
2019
Fastest Growing Market:
Asia Pacific
Largest Market:
Europe
CAGR:
3.44 %
Major Players:
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Market Overview
Global pastries market is expected to grow at a CAGR of 3.44% during the forecast period, 2019-2024.
- The growing popularity of customizable pastries and the increasing innovation in the products is expected to drive the market’s growth during the forecast period.
- The use of specialty ingredients, like whole-grain bread concentrates and sweet goods mixes in pastries, have seen major developments, as a part of overall demand for healthy ingredients, indulgence without calories, and high demand for on-the-go food products. Sweet indulgence, like cup cakes and slice cakes, are purchased based on appearance, texture, mouth feel, and other subjective attributes, and the focus on healthy ingredients is given second priority.
Scope of the Report
The global pastries market is segmented by taste, sales, and distribution channel. The sweet pastries segment dominates the global market. By sales, industrial/packaged pastries, artisanal, and in-store bakeries have captured the market, with packaged pastries segment dominating the global market. The report also discusses the market revenue by distribution channels, such as online sales, super markets and hyper markets, convenience stores, and others. Moreover, the study provides an analysis of the pastries market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, Middle East & Africa.
| By Taste | |
| Sweet | |
| Savory |
| By Sales | |
| Packaged Pastries | |
| Artisanal and In-store Bakeries |
| By Distribution Channel | |
| Super Markets/ Hyper Markets | |
| Convenience Stores | |
| Specialty Stores | |
| Others |
| Geography | |||||||||
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Key Market Trends
Rising Demand for Freshly Baked Pastries
Globally, consumers are turning to bakery products that offer functional benefits and suit the specific dietary needs of consumers, such as gluten-free, kosher, organic, and natural ingredients and use of flour, such as rice flour and chia flour, other than wheat flour. Also, consumers are looking for food products that deliver them instant nutrition, and are willing to pay more on such products, thereby, allowing substantial amount of innovation in the respective product category. Hence, the rising demand for freshly baked pastries can be considered as an opportunity in this market, along with an increase in online sales and new product launches.
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Asia Pacific accounts for Maximum Revenue Share
The consumption of cake in the developed regions is based on certain factors, like competition among brands, convenience, and health attribute. There is a growing demand in the decorated cake segment. This consumer shift is due to the rise in disposable income and preference for innovative products. In Europe, especially in United Kingdom cakes, pastries, and sweet goods dominated the market with the rise in number new-product launches in the past few years. Asia-Pacific is becoming a key market, as rising disposable income, urbanization, and the demand for western-style diets are supporting the growth in sales of baked goods and cakes in particular. China is set to become the second largest baked goods market globally by 2022, with cakes being one of the most popular segment. These markets are attractive to major corporates, which see the potential for significant sales growth.
To understand geography trends, Download Sample Report.
Competitive Landscape
The market for pastries is highly fragmented, due to the presence of a large number of regional and international suppliers. New healthier varieties, with less fat, are being introduced by vendors to attract the health conscious population. Some of the major players in this market include Finsbury, Flowers Foods, Grupo Bimbo, Hostess Brands, McKee Foods, and Yamazaki Baking, among others
Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Taste
5.1.1 Sweet
5.1.2 Savory
5.2 By Sales
5.2.1 Packaged Pastries
5.2.2 Artisanal and In-store Bakeries
5.3 By Distribution Channel
5.3.1 Super Markets/ Hyper Markets
5.3.2 Convenience Stores
5.3.3 Specialty Stores
5.3.4 Others
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Italy
5.4.2.6 Spain
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 South Africa
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 American Baking Company
6.4.2 Aryzta AG
6.4.3 Britannia Industries
6.4.4 Flowers Foods
6.4.5 George Weston Limited
6.4.6 Groupo Bimbo
6.4.7 Hillshire Brands Company
6.4.8 Hostess Brands, LLC.
6.4.9 McKee Foods Co
6.4.10 Finsbury Food Group Plc
*List Not Exhaustive7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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