Asia Pacific Cakes, Pastries And Sweet Pies (Bakery And Cereals) Market

Asia Pacific Cakes, Pastries, and Sweet Pies (Bakery and Cereals) Market Size (2024 to 2029)

Asia Pacific Cakes, Pastries, and Sweet Pies (Bakery and Cereals) Market is predicted to grow at a CAGR of 5.68% from 2024 to 2029 and the market size is expected to be valued at USD 8.13 billion by 2029 from USD 6.17 billion in 2024.

MARKET OVERVIEW

Pastries are small buns made using whipped cream — a stiff dough enriched with fat. Some dishes, such as pies, are made of a pastry casing that covers or completely contains a filling of various sweet or savory ingredients. A cake is made with flour & often is made with more than one layer and it rises. And it has icing on it. A pie is a baked dish which is usually made of a pastry dough casing that covers or completely contains a filling of various sweet or savory ingredients. Pies are defined by their crusts.The growth of the Asia-Pacific Cakes, Pastries and Sweet Pies (Bakery and Cereals) Market is mainly driven by the rising demand, and increase in urbanization leading to higher availability of bakeries. However, health concerns are a major factor restraining market growth. Therefore, to attract the health conscious populace, the vendors introduced healthier varieties with lesser fat content. Also, the rapid growth in home baking also acts as a restraint on market growth as it reduces the demand for packaged Cakes, Pastries and Sweet Pies (Bakery and Cereals).

This research report on the Asia Pacific Cakes, Pastries, and Sweet Pies (Bakery and Cereals) market has been segmented and sub-segmented into the following categories.

Asia Pacific Cakes, Pastries and Sweet Pies (Bakery and Cereals) Market By Category

• cakes

• pastries

• sweet pies

Asia Pacific Cakes, Pastries, and Sweet Pies (Bakery and Cereals) Market Distribution Channel

• bakeries

• supermarkets/hypermarkets

• convenience stores

Asia Pacific Cakes, Pastries and Sweet Pies (Bakery and Cereals) Market By Country

• China

• India

• Japan

• South Korea

• Australia

Asia-Pacific is predicted to grow with the highest CAGR during the forecast period. Factors such as growing consumption coupled with the rapid growth in distribution channels are anticipated to lead the growth of the market in this region.

KEY MARKET PLAYERS

• Asia Pacific Cakes
• Pastries
• Betty Crocker
• CSM Bakery Solutions
• Pinnacle Foods
• Wilton Industries
• Dawn Food
• Real Good Food
• Lawrence Foods