North America Pastries Market

North America Pastries Market Growth and Forecast (2023 - 2028):

North America Pastries Market was worth USD 8.18 billion in 2022 and estimated to be growing at a CAGR of 2.5%, to reach USD 9.25 billion by 2028.

Market Overview:

Pastry is a dough of flour, water, and shortening that may be savoury or sweetened. Sweetened pastries are often described as bakers' confectionery. Pastry is differentiated from bread by having a higher fat content, which contributes to a crumbly or flaky texture.

Drivers and Restraints:

The North America Pastries market is driven by factors including the rising demand, increase in urbanization leading to the 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 pastries.

North America Pastries Market Segmentation Analysis:

The North America Pastries market is segmented on the basis of taste, sales and by distribution channels. On the basis of taste, the market is segmented into sweet and savoury. On the basis of sales, the market is further categorized into packaged pastries and artisanal and in-store bakeries. On the basis of the distribution channel, the market is distributed among online sales, supermarkets/hypermarkets, convenience stores and others.

Region Analysis:

Geographically the North America Pastries Market is segmented into US, Canada, Mexico and Rest of North America. The North American region holds the second major stake in the aggregate income of Global Pastries market in 2018 because of noteworthy growth in consumption, brought about by established distribution channels. However, the market has dwindled owing to increasing incidence of obesity coupled with the rising health awareness among consumers.

Key Players in the Market:

Major Key Players in the North America Pastries Market are

• American Baking Company
• Aryzta
• BreadTalk
• Britannia
• Edeka
• Edwards Cake & Candy Supplies
• Finsbury
• FlowerFoods
• George Weston
• Groupo Bimbo
• Hillshire Brands
• Hostess Brands
• McKee Foods
• Monginis
• Mulino bianco
• Pepperidge Farm
• Tyson Foods
• Yamazaki Baking