Press release
Global Cake and Pastries Market: Growing at a CAGR of 7.7%, Driven by Consumer Lifestyle Changes and Trend Innovations
Cake And Pastries Market Size
Accelerating CAGR Growth and Increasing Market Size Projected for Global Cake And Pastries Market_x000D_
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What Is The Projected Market Size Of The Global Cake And Pastries Market And Its Growth Rate?_x000D_
• The cake and pastries market is segmented by Type, Distribution Channel, Application, and various subsegments._x000D_
• Market size has grown strongly in recent years and is projected to grow from $94.64 billion in 2024 to $101.92 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.7%._x000D_
• This growth can be attributed to changing consumer lifestyles, celebration and occasion culture, globalization of food culture, marketing and branding strategies, innovation in flavors and designs, and the growth of e-commerce and online bakery shops._x000D_
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How Is The Ready-To-Eat And Packaged Food Demand Driving The Growth In The Cake And Pastries Market?_x000D_
The growth of the cake and pastries market rises significantly with the tide of ready-to-eat and packaged food demand. As consumers increasingly prefer convenience and a wider variety of flavors and designs, the cake and pastries market benefits. Furthermore, the celebration and occasion culture, along with globalized food trends, have also been significant drivers of growth. The expansion of online bakery shops and e-commerce platforms has made purchasing cakes and pastries more convenient and accessible, further boosting the market's growth._x000D_
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Who Are the Key Players Driving Cake And Pastries Market Growth?_x000D_
• The expansion of e-commerce has considerably contributed to the growth of the cake and pastries market._x000D_
• E-commerce platforms have simplified the process of gifting cakes and pastries for special occasions, surging demand for these products._x000D_
• According to the United States Census Bureau, e-commerce sales increased by 7.5% in the second quarter of 2023 compared to the previous year; this growth signifies the strengthening online marketplace boosting the cake and pastries market._x000D_
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What Are The Key Trends In The Cake And Pastries Market?_x000D_
• Changing consumer lifestyles_x000D_
• Increasing celebration and occasion culture_x000D_
• Globalization of food culture_x000D_
• Influence of marketing and branding strategies_x000D_
• Innovation in flavors and designs_x000D_
• Development and growth of e-commerce and online bakery shops are key trends in this market._x000D_
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What Are The Segments Of The Global Cake And Pastries Market?_x000D_
• By Type: Cakes, Frozen Cakes And Pastries, Pastries, Sweet Pies_x000D_
• By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Retail, Bakeries, Other Distribution Channels_x000D_
• By Application: Food Service, Retail, Other Applications_x000D_
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Which Region Leads The Cake And Pastries Market?_x000D_
In September 2024, Mondelez International Inc., a US-based food company, expanded its market share and tapped into new consumer segments by acquiring China-based company Evirth that manufactures frozen and chilled cakes and pastries. This acquisition indicates significant growth and potential for the cake and pastries market, particularly in Asia._x000D_
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https://www.thebusinessresearchcompany.com/report/cake-and-pastries-global-market-report_x000D_
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What Is Covered In The Cake And Pastries Market Global Market Report?_x000D_
- Market Size Analysis: Analyze the Cake And Pastries Market size by key regions, countries, product types, and applications._x000D_
- Market Segmentation Analysis: Identify various subsegments within the Cake And Pastries Market for effective categorization._x000D_
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape._x000D_
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market._x000D_
- Market Contribution: Evaluate contributions of different segments to the overall Cake And Pastries Market growth._x000D_
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers._x000D_
- Industry Challenges: Analyze challenges and risks affecting the Cake And Pastries Market._x000D_
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market._x000D_
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