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Cakes and Pastries Market Size, Share & Forecast Report 2025-2033

12-03-2024 10:35 AM CET | Food & Beverage

Press release from: IMARC Group

Cakes and Pastries Market Size, Share & Forecast Report

IMARC Group, a leading market research company, has recently released a report titled "Cakes and Pastries Market Report by Product (Artisanal Bakery Products, In-store Bakery Products), Type (Cakes, Frozen Cakes & Pastries, Pastries, Sweet Pies), Sector (Food Service, Retail), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Artisanal Bakeries, Online Stores, and Others), and Country 2025-2033". The study provides a detailed analysis of the industry, including the cakes and pastries market share, growth, size, trends and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global cakes and pastries market size reached USD 146.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 195.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.3% during 2025-2033.

Request to Get the Sample Report: https://www.imarcgroup.com/cakes-pastries-market/requestsample

Factors Affecting the Growth of the Cakes and Pastries Industry:

Health-Conscious Choices:

Consumers are now more health-conscious, shifting the cakes and pastries market towards healthier options. Awareness of nutrition and the dangers of high sugar and fat is driving this change. Consequently, manufacturers are using natural sweeteners, gluten-free ingredients, and organic components.

Moreover, there's a rising demand for vegan and plant-based cakes, reflecting a trend towards sustainable and ethical eating. Thus, the market is being transformed by the preference for health-focused products. Traditional bakers are now innovating to meet the needs of health-aware customers.

Customization and Personalization:

The cakes and pastries market is seeing a rise in demand for customization. Consumers now want unique, personalized experiences. This trend is especially strong for special occasions like weddings, birthdays, and corporate events. Bakeries are responding by offering customizable options.

Customers can now choose flavors, fillings, and designs that reflect their preferences. This not only boosts satisfaction but also builds brand loyalty. People are drawn to businesses that cater to their individual needs. Therefore, offering personalized products is becoming a key competitive advantage.

E-commerce Growth:

The cakes and pastries market is changing rapidly due to e-commerce. Online shopping offers convenience, so more people buy baked goods online. The COVID-19 pandemic boosted this trend. Many turned to online food shopping during lockdowns.

Now, bakeries and pastry shops are enhancing their online ordering and delivery services. They're responding to growing demand. Social media also plays a key role. Viral cake designs attract more customers. Technology in shopping is changing consumer habits and expanding market reach.

Buy Now: https://www.imarcgroup.com/checkout?id=1590&method=502

Cakes and Pastries Market Report Segmentation:

Breakup by Product:

• Artisanal Bakery Products
• In-store Bakery Products

In-store bakery products were the most popular segment, outperforming artisanal bakery products, as per the report.

Breakup by Type:

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

Cakes were the most popular type of bakery product, outselling frozen cakes & pastries, pastries, and sweet pies, according to the report.

Breakup by Sector:

• Food Service
• Retail

Food service was the dominant sector, outperforming retail, as per the report.

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialist Retailers
• Artisanal Bakeries
• Online Stores
• Others

Supermarkets and hypermarkets were the leading distribution channel, outperforming convenience stores, specialist retailers, artisanal bakeries, online stores, and others, as per the report.

Breakup by Region:

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

North America was the dominant regional market, outperforming Europe, Asia Pacific, Latin America, and the Middle East and Africa, as per the report.

Speak to An Analyst: https://www.imarcgroup.com/request?type=report&id=1590&flag=C

Global Cakes and Pastries Market Trends 2024:

The cakes and pastries market is evolving to meet consumer needs. There's a growing demand for artisanal and gourmet products. Consumers now seek high-quality ingredients and unique flavors. Fusion desserts, combining traditional and modern elements, are also popular. Looking ahead to 2024, sustainability will be crucial. Consumers will prefer brands with eco-friendly practices and packaging. This trend pushes bakers to use local ingredients and reduce waste. They aim to match modern consumer values. In summary, the market is set to grow. This growth is driven by health awareness, the desire for customization, and a focus on sustainability.

Top Companies Operated in Cakes and Pastries Industry:

• 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.

Key Highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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.

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.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No: (D) +91 120 433 0800

United States: +1-631-791-1145

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