Cakes, Pastries, and Sweet Pies Market Research by Product Type and Geography - Forecast and Analysis 2022-2026

The cakes, pastries, and sweet pies market share is expected to increase by USD 34.94 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.93%.

This cakes, pastries, and sweet pies market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the cakes, pastries, and sweet pies market segmentation by product (cakes, pastries, and sweet pies) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The cakes, pastries, and sweet pies market report also offers information on several market vendors, including American Baking Co., Aryzta AG, Barilla, BreadTalk Group Pte Ltd., Britannia Industries Ltd., Campbell Soup Co, Corporativo Bimbo SA de CV, Dan Cake AS, Edeka Zentrale Stiftung, and Co. KG, Euro Patisserie, Finsbury Food Group Plc, Flowers Foods Inc., General Mills Inc., Hostess Brands Inc., McKee Foods, Premier Foods Plc, WW International Inc., Yamazaki Baking Co. Ltd., and Yildiz Holding AS among others.

What will the Cakes, Pastries, And Sweet Pies Market Size be During the Forecast Period?

Download Report Sample to Unlock the Cakes, Pastries, and Sweet Pies Market Size for the Forecast Period and Other Important Statistics

 

Cakes, Pastries, And Sweet Pies Market: Key Drivers, Trends, and Challenges

The growing millennial population being more inclined toward convenience foods is notably driving the cakes, pastries, and sweet pies market growth, although factors such as increasing obesity may cause restrain to market may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the cakes, pastries, and sweet pies industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Cakes, Pastries, And Sweet Pies Market Driver

The growing millennial population being more inclined toward convenience foods is one of the major drivers impacting the cakes, pastries, and sweet pies market growth. Consumers currently want healthy, personalized, and natural products without sacrificing health, taste, or ingredient goals. Manufacturers and retailers must reach consumers who are increasingly pressed for time while having high expectations for food quality, taste, and appearance. Millennials and Generation Z are driving demand for high-quality bakery products as they care about food. Millennials want transparency and cleaner, simpler ingredient labeling, and they want to support companies that reflect their unique values. These reasons include giving back to the environment and community and supporting a chain of ethical supply. Thus, with the rising demand for taste and healthy bakery products such as cakes, pastries, and sweet pies, the global market is expected to witness high growth during the forecast period.

Key Cakes, Pastries, And Sweet Pies Market Trend

The rising demand for sugar-free bakery products is one of the major trends influencing the cake, pastries, and sweet pies market growth. The increasing prevalence of diabetes in the world is driving the demand for sugar-free bakery products. As baked goods and confectionery have become staples of urban food options for a quick snack option, the growing need for effortless eating has led to the use of varieties of food. In addition, the increase in consumption of home-baked goods and the growing consumer interest in a variety of tastes, coupled with growing concerns about health and fitness, are also expected to open the doors for the growth of the cakes, pastries, and sweet pies market during the forecast period.

Key Cakes, Pastries, And Sweet Pies Market Challenge

Increasing obesity may cause restrain to market and is one of the major challenges impeding the cakes, pastries, and sweet pies market growth. Obesity is one of the most serious global public health problems of the 21st century, affecting countries globally. Obesity in adulthood is a major risk factor for poor health and early death, including various cardiovascular diseases, several common cancers, diabetes, and osteoarthritis. Rates of obesity and overweight continue to increase in children and adults. For example, according to a survey conducted by Ipsos in 2020, 19% of adults worldwide said it was their biggest problem. As a result, people's preferences are gradually shifting to healthy, low-carb, sugar-free diets, such as high-quality protein powders such as bone broth, collagen, whey protein, lentils, beans, and legumes. With the rising concern for health among consumers, the global cakes, pastries, and sweet pies market is expected to witness high growth during the forecast period.

This cakes, pastries, and sweet pies market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global cakes, pastries, and sweet pies market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cakes, pastries, and sweet pies market during the forecast period.

Who are the Major Cakes, Pastries, And Sweet Pies Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• American Baking Co.
• Aryzta AG
• Barilla
• BreadTalk Group Pte Ltd.
• Britannia Industries Ltd.
• Campbell Soup Co
• Corporativo Bimbo SA de CV
• Dan Cake AS
• Edeka Zentrale Stiftung and Co. KG
• Euro Patisserie
• Finsbury Food Group Plc
• Flowers Foods Inc.
• General Mills Inc.
• Hostess Brands Inc.
• McKee Foods
• Premier Foods Plc
• WW International Inc.
• Yamazaki Baking Co. Ltd.
• Yildiz Holding AS

 

This statistical study of the cakes, pastries, and sweet pies market encompasses successful business strategies deployed by the key vendors. The cakes, pastries, and sweet pies market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cakes, pastries, and sweet pies market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cakes, Pastries, And Sweet Pies Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cakes, pastries, and sweet pies market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Cakes, Pastries, And Sweet Pies Market?

For more insights on the market share of various regions Request PDF Sample now!

35% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for cakes, pastries, and sweet pies market in APAC. Market growth in this region will be faster than the growth of the market other in regions.

The number of western-style restaurants serving baked sweets including cakes pastries and sweet pies is increasing rapidly, and the demand for baked sweets is also increasing which will facilitate the cakes, pastries, and sweet pies market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic negatively impacted the cakes, pastries, and sweet pies market in APAC. The pandemic resulted in multiple deaths in China and other nations, which compelled governments of various countries in the region to impose lockdowns to combat the spread of the disease. This led to the temporary closure of offline retail sales of cakes, pastries, and sweet pies in the region. 

What are the Revenue-generating Product Segments in the Cakes, Pastries, And Sweet Pies Market?

To gain further insights on the market contribution of various segments Request a PDF Sample

The cakes, pastries, and sweet pies market share growth by the cakes segment will be significant during the forecast period. Cakes that are high in fiber, low in calories, low in fat, sugar-free, gluten-free, or contain lots of seeds and fruits are gaining prominence. Such innovations are expected to lead to the growth of the global cakes, pastries, and sweet pies market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cakes, pastries, and sweet pies market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Cakes, Pastries, And Sweet Pies Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.93%
Market growth 2022-2026	$34.94 billion
Market structure	Fragmented
YoY growth (%)	3.68
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 35%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	American Baking Co., Aryzta AG, Barilla, BreadTalk Group Pte Ltd., Britannia Industries Ltd., Campbell Soup Co, Corporativo Bimbo SA de CV, Dan Cake AS, Edeka Zentrale Stiftung and Co. KG, Euro Patisserie, Finsbury Food Group Plc, Flowers Foods Inc., General Mills Inc., Hostess Brands Inc., McKee Foods, Premier Foods Plc, WW International Inc., Yamazaki Baking Co. Ltd., and Yildiz Holding AS
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Cakes, Pastries, And Sweet Pies Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive cakes, pastries, and sweet pies market growth during the next five years
• Precise estimation of the cakes, pastries, and sweet pies market size and their contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cakes, pastries, and sweet pies industry across APAC, Europe, North America, South America, the Middle East, and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cakes, pastries, and sweet pies market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch