Market Overview:
The global cakes and pastries market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for artisanal cakes and pastries, growing trend of in-store bakeries, rising online retail sales of cakes and pastries, and expanding middle-class population across the globe. However, high price point of artisanal products may restrain the market growth to some extent during the forecast period. On basis of type, artisanal cakes & pastries segment is expected to account for a major share in terms of revenue in global cake & pastry market over 2018-2030. This can be attributed to increasing demand for customized/personalized products with unique flavors among consumers across the globe.
Product Definition:
A cake is a sweet, baked dessert. Cakes are typically made from flour, sugar, butter or oil, eggs and baking powder. A pastry is a type of food that is made from dough that has been rolled out flat and then filled with sweet or savory ingredients. Pastries can be savory or sweet. The importance of cakes and pastries lies in their ability to provide people with a quick source of energy as well as flavor.
Artisanal:
Artisanal is a new term in the baking industry which means handmade or produced by hand. It's an old-fashioned word used to describe traditional methods of producing goods, especially those that are made by hand and not machine made. The products labeled as Artisanal generally come from small producers with less than 500 employees and have local or regional distribution.
In-Store Bakeries:
In-store bakeries are the heart of any retail market. They provide freshness, variety and quality to the customers along with value for money. The growing demand for bakery products has led to an increase in in-store bakeries across the world which is expected to drive cakes & pastries market over next seven years.
Application Insights:
The online retail segment accounted for more than 50.0% share of the global revenue in 2017 owing to increasing e-commerce activities across the world. The growth of this segment is attributed to factors such as growing internet penetration, rising income levels and changing consumer lifestyle, which encourage them to use online channels for shopping and purchasing products.
Offline retail accounted for 49.0% share of the total revenue in 2017 due to high product demand from consumers who prefer buying cakes and pastries directly from bakery stores or specialty food shops rather than purchasing them through an online channel like Amazon or eBay where consumers have less control over quality aspects, including freshness and durability of products delivered at their doorsteps.
The other application category includes events/parties/gifts where a cake is required along with beverages that are consumed together as a set meal or snack item at gatherings etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, with the U.S. being the major revenue contributor and Canada being a strong second place finisher in terms of revenue generation from around the world for global cakes and pastries industry.
The Asia Pacific regional market is projected to grow at a lucrative rate over the forecast period owing to increasing disposable income levels, coupled with changing consumer preferences towards western-style food products across emerging economies such as China and India among others; Indonesia, Malaysia Philippines Singapore Thailand Vietnam Myanmar (Burma) East Timor (Timor-Leste).
Growth Factors:
- Increasing urbanization and rising disposable incomes, which are driving demand for cakes and pastries as a premium indulgence.
- Growing popularity of westernized food culture, which is increasing demand for innovative flavors and varieties of cakes and pastries.
- Proliferation of cafes, bakeries, patisseries, etc., which are offering a wider range of choices to consumers and helping to drive the market growth.
- Rising trend of home baking among consumers as a means to indulge in their favorite cakes and pastries at home at lower costs.
- Increasing focus on health & wellness by consumers is resulting in the growing demand for healthier variants of cakes & pastries such as whole grain/multi-grain options, sugar-free/low-sugar options, etc
Scope Of The Report
Report Attributes
Report Details
Report Title
Cakes and Pastries Market Research Report
By Type
Artisanal, In-Store Bakeries
By Application
Online Retail, Offline Retail
By Companies
Finsbury, Flowers Foods, Grupo Bimbo, Hostess Brands, McKee Foods, Yamazaki Baking, Finsbury
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Cakes and Pastries Market Report Segments:
The global Cakes and Pastries market is segmented on the basis of:
Types
Artisanal, In-Store Bakeries
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Retail, Offline Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Finsbury
- Flowers Foods
- Grupo Bimbo
- Hostess Brands
- McKee Foods
- Yamazaki Baking
- Finsbury
Highlights of The Cakes and Pastries Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Artisanal
- In-Store Bakeries
- By Application:
- Online Retail
- Offline Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cakes and Pastries Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cakes and pastries are a type of food that is typically made from flour, sugar, eggs, butter or margarine, baking powder and milk.
Some of the major players in the cakes and pastries market are Finsbury, Flowers Foods, Grupo Bimbo, Hostess Brands, McKee Foods, Yamazaki Baking, Finsbury.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cakes and Pastries Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cakes and Pastries Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cakes and Pastries Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cakes and Pastries Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cakes and Pastries Market Size & Forecast, 2018-2028
4.5.1 Cakes and Pastries Market Size and Y-o-Y Growth
4.5.2 Cakes and Pastries Market Absolute $ Opportunity
Chapter 5 Global Cakes and Pastries Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cakes and Pastries Market Size Forecast by Type
5.2.1 Artisanal
5.2.2 In-Store Bakeries
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cakes and Pastries Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cakes and Pastries Market Size Forecast by Applications
6.2.1 Online Retail
6.2.2 Offline Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cakes and Pastries Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cakes and Pastries Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cakes and Pastries Analysis and Forecast
9.1 Introduction
9.2 North America Cakes and Pastries Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cakes and Pastries Market Size Forecast by Type
9.6.1 Artisanal
9.6.2 In-Store Bakeries
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cakes and Pastries Market Size Forecast by Applications
9.10.1 Online Retail
9.10.2 Offline Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cakes and Pastries Analysis and Forecast
10.1 Introduction
10.2 Europe Cakes and Pastries Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cakes and Pastries Market Size Forecast by Type
10.6.1 Artisanal
10.6.2 In-Store Bakeries
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cakes and Pastries Market Size Forecast by Applications
10.10.1 Online Retail
10.10.2 Offline Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cakes and Pastries Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cakes and Pastries Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cakes and Pastries Market Size Forecast by Type
11.6.1 Artisanal
11.6.2 In-Store Bakeries
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cakes and Pastries Market Size Forecast by Applications
11.10.1 Online Retail
11.10.2 Offline Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cakes and Pastries Analysis and Forecast
12.1 Introduction
12.2 Latin America Cakes and Pastries Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cakes and Pastries Market Size Forecast by Type
12.6.1 Artisanal
12.6.2 In-Store Bakeries
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cakes and Pastries Market Size Forecast by Applications
12.10.1 Online Retail
12.10.2 Offline Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cakes and Pastries Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cakes and Pastries Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cakes and Pastries Market Size Forecast by Type
13.6.1 Artisanal
13.6.2 In-Store Bakeries
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cakes and Pastries Market Size Forecast by Applications
13.10.1 Online Retail
13.10.2 Offline Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cakes and Pastries Market: Competitive Dashboard
14.2 Global Cakes and Pastries Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Finsbury
14.3.2 Flowers Foods
14.3.3 Grupo Bimbo
14.3.4 Hostess Brands
14.3.5 McKee Foods
14.3.6 Yamazaki Baking
14.3.7 Finsbury
