Pastries Market Size, Share,Trend,Industry, Forecast and outlook (2024-2031)

Globalisation plays a crucial role in the expansion of various food habits worldwide. The large-scale expansion of cultural activities and food habits drives the expansion of food products such as pastries and other bakery products. The wide availability of pastries in different types under various categories boosts product expansion, positively affecting market growth.

According to the American Baker's Association, the annual sales of bakery goods rose up to 15% in 2022. The increased production and consumption of pastries and other bakery products have a positive impact on the global market. The rise in bakeries and pastry shops that offer pastries fuels the market growth due to the high reach of products to customers.Rapid urbanization and the adoption of Western food cultures by the global population make the wide spread of market growth. Rising disposable incomes and improving the purchasing power of consumers boost the market growth. The great history of pastries in European countries makes it the largest regional share in the global market.

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Market Dynamics

Bakery products like pastries have a great demand in the market due to their convenience and taste. With busy lifestyles, consumers prefer on-to-go snacking habits that are tasty and nutritious. There is a high consumer preference for convenient ready-to-eat bakery products. The working population may not have a good time to bake and enjoy their cakes and pastries. The ready-made pastries that give a homemade taste and feeling increase the market demand.According to Agriculture and Agri-Food Canada, Italy, Germany and France collectively accounted for about 58.7 % of European baked goods in 2021. High demand for bakeries globally expands the market size. Good visual appeal and great taste of pastries and bakery products increase their importance in their presence at celebration times as good treats.

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Segment Analysis

The global pastries market is segmented based on type, nature, category, flavor, packaging, distribution channel, price range, application, end-user and region.Savory Taste PreferencesThe global pastries market is segmented based on their nature into sweet, savory and others. The savory pastries market is reaching heights due to the rising consumer preferences for savory products, driving its larger market shares. Pastry producers are following the trend of savory flavor and introducing new savory pastry products into the market.The launch of new and tasty savory pastries is driving market growth. For instance, in September 2023, Ginsters, a savory pastry specialist, announced the new flavor ranges in their product line. BBQ hunters chicken slice, smoky beef chilli pastry and mexican bean bake are the new flavors introduced in the light puff pastry range that will be available for customers from mid of this September.

Competitive Landscape

The major global players in the market include Flowers Foods, Aryzta AG, McKee Foods, Groupo Bimbo, Yamazaki Baking, Monginis, Finsbury Food Group Plc, Bakery Delight, Kellogg's and Britannia.

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