Global Pastries Market | Growth | Trends | Industry Forecast
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Pastries Market - Growth, Trends and Forecast (2019 - 2024)

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.

Home Industry Reports Food & Beverage Pastries Market - Growth, Trends and Forecast (2019 - 2024)

Market Snapshot

pastries market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

3.44%

Key Players:

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Pastries Market

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
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

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.

 

Pastries Market1

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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.

Pastries Market2

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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

Major Players

  1. Finsbury Food Group Plc
  2. Flowers Foods
  3. Grupo Bimbo
  4. Hostess Brands, LLC.
  5. McKee Foods Corporation

* Complete list of players covered available in the table of contents below

pastries market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Taste

      1. 5.1.1 Sweet

      2. 5.1.2 Savory

    2. 5.2 By Sales

      1. 5.2.1 Packaged Pastries

      2. 5.2.2 Artisanal and In-store Bakeries

    3. 5.3 By Distribution Channel

      1. 5.3.1 Super Markets/ Hyper Markets

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Specialty Stores

      4. 5.3.4 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Russia

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 American Baking Company

      2. 6.4.2 Aryzta AG

      3. 6.4.3 Britannia Industries

      4. 6.4.4 Flowers Foods

      5. 6.4.5 George Weston Limited

      6. 6.4.6 Groupo Bimbo

      7. 6.4.7 Hillshire Brands Company

      8. 6.4.8 Hostess Brands, LLC.

      9. 6.4.9 McKee Foods Co

      10. 6.4.10 Finsbury Food Group Plc

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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