Global Cakes and Pastries Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

The cakes and pastries market report Overview:

“The global cakes and pastries market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

The cakes and pastries market report offer in-depth insights, revenue details, and other vital information regarding the global cakes and pastries market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

The report offers insightful and detailed information regarding the various key players operating in the global cakes and pastries market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cakes and pastries market report has been segmented on the basis of product, and region.

Cakes and pastries are the most important products in the bakery industry. The cake is a kind of sweet dessert that is baked by using ingredients like flour, sugar, eggs, butter/oil/margarine, a liquid, and leavening agents – baking soda or powder.

The cake is a celebratory dish on ceremonial occasions, such as – weddings, anniversaries, and birthday celebrations. The pastry is a dough of flour, water, and shortening that may be savory or sweetened. There is a variety of pastries available, which are made by utilizing the natural characteristics of wheat flour and certain fats.

Key factors driving the growth of the global cakes and pastries market during the forecast period are increasing urbanization, augmented demand from millennials, intensified indulgence in cakes and pastries, innovations in the bakery industry, and consumer preference for food.

Additionally, increasing disposable income affect the level of purchasing power across the globe, and that influence the cakes and pastries market. In addition, increasing western-styled bakeries in the Asia Pacific region may fuel demand for cakes and pastries over the forecast period.

However, healthy diet trends, growing concerns about obesity, and health-related issues are major key factors restraining the growth of the global cakes and pastries market during the forecast period.

A significant trend of growing at–home consumption may hamper the growth of the global cakes and pastries market.

Currently, the market in North America followed by Europe dominates the global cakes and pastries market in terms of revenue, owing to rising demand for convenience food, and changing consumer tests over the forecast period.

Emerging economies in the Asia Pacific such as India and China are expected to provide numerous opportunities for increasing the consumption of cakes and pastries, owing to the high population in this region.

Additionally, the rising disposable income of consumers, enabling them to afford expensive food products, is also fueling the growth of the global cakes and pastries market over the forecast period.

Global Cakes and Pastries Market Segmentation:

Global cakes and pastries market segmentation by product:

• Artisanal and in-store bakeries
• Packaged/industrial products

Global cakes and pastries market segmentation by region:

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