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Cake And Pastries Market Analysis, Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts 2032
Cake And Pastries Global Market
Cake And Pastries Market Size, Growth Rate, And Forecast
The global cake and pastries market size is expected to grow from $85.26 billion in 2022 to $92.44 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cake and pastries market size is expected to reach $122.68 billion in 2027 at a CAGR of 7.3%.
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Cake And Pastries Market Drivers
The rising demand for ready-to-eat (RTE) and packaged foods is expected to propel the growth of the cake and pastries market in the coming future. Ready-to-eat (RTE) refers to a class of food items that have been cleaned, cooked, and most often packed before being made available for consumption. Packaged food includes preserved, canned, frozen, various varieties of meat and vegetables, snacks, and pre-packaged food items. Individuals choose quick or ready-to-eat foods for healthier eating habits due to better lifestyles and living standards. Among the cake and pastry market, packaged and ready-to-eat items such as bread, cakes, pastries, cream rolls, cookies, and biscuits are in high demand due to their availability and ready-to-eat characteristic.
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Cake And Pastries Market Segments
1) By Type: Cakes, Frozen Cakes And Pastries, Pastries, Sweet Pies
2) By Distribution Channel: Super Markets And Hyper Markets, Convenience Stores, Online Retail, Bakeries, Other Distribution Channels
3) By Application: Food Service, Retail, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Cake And Pastries market.
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Cake And Pastries Market Key Players
Major competitors in the Cake And Pastries market include Finsbury Food Group Plc, Flowers Foods, Grupo Bimbo, S.A.B. de C.V, Hostess Brands, McKee Foods Corporation
The Table Of Content For The Cake And Pastries Market Include:
1. Executive Summary
2. Cake And Pastries Market Characteristics
3. Cake And Pastries Market Trends And Strategies
4. Cake And Pastries Market - Macro Economic Scenario
5. Cake And Pastries Market Size And Growth
……
27. Cake And Pastries Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Cake And Pastries Market
29. Cake And Pastries Market Future Outlook and Potential Analysis
30. Appendix
The Business Research Company's "Global Cake And Pastries Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
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