Cakes Pastries and Sweet Pies (Bakery and Cereals) Market is expected to be worth USD 27.10 billion in 2024 and estimated to be growing at a CAGR of 3.8%, to reach USD 32.19 billion by 2029.
Cakes, Pastries and Sweet Pies (Bakery and Cereals) market is driven by the rising demand, 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).
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 savoury ingredients. Pies are defined by their crusts.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2029 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2029 |
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CAGR |
3.8 % |
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Segments Covered |
By product type, application & region. |
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Various Analyses Covered |
Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Global Cakes, Pastries and Sweet Pies industry include Rich Product, Betty Crocker, CSM Bakery Solutions, Pinnacle Foods, Wilton Industries, Dawn Food, Real Good Food and Lawrence Foods. |
The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In 2015, Europe led the global Cakes, Pastries and Sweet Pies (Bakery and Cereals) market in terms of market share. The market share in North America has dwindled owing to the rising incidence of obesity in the region coupled with increasing consumer health awareness. The market for these Cakes, Pastries and Sweet Pies (Bakery and Cereals) in Asia-Pacific area is amplifying because more of consumption. The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in the Cakes, Pastries and Sweet Pies (Bakery and Cereals) market in the following years when compared with the seasoned markets of developed regions.
Key Players In Cakes Pastries And Sweet Pies (Bakery And Cereals) Market are Global Cakes, Pastries and Sweet Pies industry include Rich Product, Betty Crocker, CSM Bakery Solutions, Pinnacle Foods, Wilton Industries, Dawn Food, Real Good Food and Lawrence Foods.
By Category
By Distribution Channel
By Region
Frequently Asked Questions
Factors driving the market include changing consumer preferences for convenient and indulgent food options, increasing disposable incomes leading to higher spending on luxury food items, the influence of social media and food trends, and the popularity of artisanal and gourmet baked goods.
Manufacturers address dietary preferences and restrictions by offering a wide range of product options, including gluten-free, sugar-free, dairy-free, and vegan cakes, pastries, and sweet pies. They may also use alternative ingredients and innovative formulations to create healthier and allergen-friendly versions of traditional baked goods.
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