Cakes and Pastries Market Size Witnesses Robust Growth Rate of CAGR 3.6%, Exceeding US$ 171.2 Billion by 2028

𝐇𝐨𝐰 𝐁𝐢𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐂𝐚𝐤𝐞𝐬 𝐚𝐧𝐝 𝐏𝐚𝐬𝐭𝐫𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭?

IMARC Group, a leading market research company, has recently releases report titled "𝐂𝐚𝐤𝐞𝐬 𝐚𝐧𝐝 𝐏𝐚𝐬𝐭𝐫𝐢𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The global cakes and pastries market size reached US$ 136.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 171.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐎𝐟𝐟𝐞𝐫 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭): https://www.imarcgroup.com/cakes-pastries-market/requestsample

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐂𝐚𝐤𝐞𝐬 𝐚𝐧𝐝 𝐏𝐚𝐬𝐭𝐫𝐢𝐞𝐬?

Cakes and pastries are popular baked goods known for their sweetness, rich flavors, and varied textures. They are often made from a combination of flour, sugar, eggs, and fats, and can be enhanced with a variety of fillings, toppings, and flavors such as fruits, nuts, and spices. These baked items are not only a delightful treat but also provide a way to celebrate special occasions like birthdays, weddings, and anniversaries. Advances in baking technology and culinary arts have led to a multitude of cake and pastry varieties, from classic sponge cakes to intricate French pastries, meeting the diverse preferences of consumers.

𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐩𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬 𝐚𝐧𝐝 𝐭𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐚𝐤𝐞𝐬 𝐚𝐧𝐝 𝐩𝐚𝐬𝐭𝐫𝐢𝐞𝐬 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲?

The rising popularity of café culture and the ever-increasing demand for convenient and indulgent food options are among the key drivers for the cakes and pastries market. The shift towards gourmet and artisanal products, often featuring high-quality ingredients and innovative flavors, is drawing consumer interest, and boosting market growth. Additionally, health-conscious consumers are driving the introduction of cakes and pastries made with alternative, nutrient-rich ingredients like whole grains, organic fruits, and natural sweeteners.

Online platforms and food delivery services have made it easier than ever to access a wide variety of cakes and pastries, further broadening the market. The emergence of specialized bakeries focusing on niche markets, such as gluten-free or vegan options, is another contributing factor to the industry's growth. Apart from this, cooking shows and baking tutorials have popularized cake and pastry-making as a hobby, indirectly fueling the demand for ingredients and baking accessories. Other factors such as gift culture, rising disposable incomes, and global exposure to different cuisines and baking techniques are also playing a role in expanding the market for cakes and pastries globally.

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.imarcgroup.com/request?type=report&id=1590&flag=C

𝐖𝐡𝐨 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲?

The report covers the major market players including: 

• Finsbury
• Flowers Foods
• Grupo Bimbo
• American Baking Company
• Britannia
• Euro Cakes
• Hostess Brands
• McKee Foods
• Yamazaki Baking
• Aryzta
• Mulino Bianco
• Edeka
• Edwards Cake & Candy Supplies
• BreadTalk Group Limited.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝 𝐢𝐧 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧?

The report has segmented the market into the following categories:

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭:

• Artisanal Bakery Products
• In-store Bakery Products

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐓𝐲𝐩𝐞:

• Cakes
• Frozen Cakes & Pastries
• Pastries
• Sweet Pies

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐒𝐞𝐜𝐭𝐨𝐫:

• Food Service
• Retail

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥:

• Super Markets and Hyper Markets
• Convenience Stores
• Specialist Retailers
• Artisanal Bakeries
• Online Stores
• Others

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

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

𝐁𝐮𝐲 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐓𝐎𝐂'𝐬: https://www.imarcgroup.com/checkout?id=1590&method=265

𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

𝐍𝐨𝐭𝐞: 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐭𝐡𝐚𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐬𝐜𝐨𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐰𝐞 𝐰𝐢𝐥𝐥 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝐢𝐭 𝐭𝐨 𝐲𝐨𝐮 𝐚𝐬 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧.

𝐌𝐞𝐝𝐢𝐚 𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.