NEW YORK, April 21, 2023 /PRNewswire/ -- The cakes and pastries market size is set to grow by USD 22.4 billion between 2022 and 2027 and register a CAGR of 3.42%, according to Technavio's latest market research report. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by the way of synthesis, and summation of data from multiple sources. Technavio offers an up-to-date analysis of the current global market scenario and the overall market environment. View a Sample Report
The report also covers the following areas:
- Cakes and Pastries Market size
- Cakes and Pastries Market trends
- Cakes and Pastries Market industry analysis
Factors such as the growing millennial population inclined toward convenience foods, growing demand for artisan-baked products, and increasing demand for ready-to-eat (RTE) products will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. The cakes and pastries market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Cakes and Pastries Market 2023-2027: Segmentation
- Type
- Cakes
- Pastries
- Sector
- Food Service
- Retail
- Geography
- Europe
- North America
- APAC
- South America
- Middle East And Africa
The market share growth by the cakes segment will be significant for the market growth during the forecast period. Demand for cakes is determined by several factors. Cakes are popular for celebrations such as birthdays, weddings, and anniversaries. They are also popular as desserts or sweet snacks. As a result, the demand for cakes remains relatively constant throughout the year, although it may peak during the holiday season. A major trend in the global cakes and pastries market is the increasing demand for healthier and more natural ingredients. Consumers are becoming health conscious and are demanding products that use natural ingredients and do not contain harmful additives. As a result, many cake makers are using less sugar, fat, and natural ingredients in their products.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Request a sample report!
Cakes and Pastries Market 2023-2027: Vendor Analysis and Scope
To help businesses improve their market position, the cakes and pastries market provides a detailed analysis of around 15+ vendors operating in the market. Some of these vendors include American Baking Co., Aryzta AG, Barilla G. e R. Fratelli Spa, Bonn Nutrients Pvt. Ltd., BreadTalk Group Pte Ltd., Campbell Soup Co., Corporativo Bimbo SA de CV, Dofreeze LLC, Edwards Cake and Candy Supplies LLC, EUROPASTRY SA, Flowers Foods Inc., Hostess Brands Inc., McKee Foods, Monginis Foods Pvt. Ltd., Rubicon Bakers LLC, The Essentials Baking Co., The Wadia Group, Tyson Foods Inc., WPP Plc, and Yamazaki Baking Co. Ltd.
Vendor Offerings
- American Baking Co. - The company offers cakes and cheesecakes such as lemon cakes, vanilla cakes, carrot cakes, chocolate cakes, red velvet cakes, lemon cheesecakes, oreo cheesecakes, apple and walnut cheesecakes, and snickers cheesecakes.
- Aryzta AG - The company offers chocolate muffin cakes, chocolate and salted caramel muffins, blueberry muffins, and brownies under the brand Cuisine de France and Otis Spunkmeyer.
- Barilla G. e R. Fratelli Spa - The company offers fig plum cakes.
The cakes and pastries market is fragmented, and the degree of fragmentation will accelerate. The growing millennial population is more inclined toward convenience foods will offer immense growth opportunities. However, increasing obesity may hamper the market growth.
Cakes and Pastries Market 2023-2027: Market Dynamics
Key Drivers
The increasing millennial trend toward ready-to-eat foods is driving the growth of the cakes and pastries market. Today's consumers want wholesome, personalized, and natural products without compromising on health, taste, or ingredients. Manufacturers and retailers have high expectations for food quality, taste, and appearance. Millennials prefer transparent, clean, and simple ingredient labeling. They also want to support companies that reflect their values. Therefore, the global market is expected to witness significant growth during the forecast period, as the demand for savory and healthy baked goods such as cakes, pastries, and sweet tarts rises.
Major Trends
The increasing demand for sugar-free baked goods is a major trend impacting the growth of the cakes and pastries market. As the prevalence of diabetes increases around the world, the demand for sugar-free baked goods has increased. In addition, the increasing consumer interest in multiple flavors, coupled with increased consumption of homemade baked goods and the growing interest in health and fitness, provide the global cakes and pastries market with growth opportunities throughout the year. Hence, such trends are expected to have a positive impact on market growth.
Key Challenges
Increasing consumer obesity is hindering the growth of the cakes and pastries market. Obesity is one of the most serious health problems affecting countries around the world. Adult obesity is a major risk factor for poor health and premature death, including various cardiovascular diseases (CVD), some common cancers, diabetes, and osteoarthritis. Obesity continues to increase among children and adults. According to the World Obesity Federation's World Obesity Atlas 2022, by 2030, more than 1 billion people are projected to be obese worldwide, including 1 in 5 women and 1 in 7 men. Amid rising consumer health concerns, the global cakes and pastries market is likely to be adversely affected during the forecast period.
Cakes and Pastries Market 2023-2027: Key Highlights
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will assist cakes and pastries market growth during the next five years
- Estimation of the cakes and pastries market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the cakes and pastries market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cakes and pastries market vendors
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Cakes and Pastries Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.42% |
Market growth 2023-2027 |
USD 22.4 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
3.05 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 41% |
Key countries |
US, China, Germany, Russia, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
American Baking Co., Aryzta AG, Barilla G. e R. Fratelli Spa, Bonn Nutrients Pvt. Ltd., BreadTalk Group Pte Ltd., Campbell Soup Co., Corporativo Bimbo SA de CV, Dofreeze LLC, Edwards Cake and Candy Supplies LLC, EUROPASTRY SA, Flowers Foods Inc., Hostess Brands Inc., McKee Foods, Monginis Foods Pvt. Ltd., Rubicon Bakers LLC, The Essentials Baking Co., The Wadia Group, Tyson Foods Inc., WPP Plc, and Yamazaki Baking Co. Ltd. |
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. |
Browse for Technavio's Consumer Staples Reports
Table Of Contents :
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Sector
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global cakes and pastries market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global cakes and pastries market 2017 - 2021 ($ billion)
- 4.2 Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
- 4.3 Sector Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Sector Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
- 6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
- 6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type
- 6.3 Cakes - Market size and forecast 2022-2027
- Exhibit 34: Chart on Cakes - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Cakes - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Cakes - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Cakes - Year-over-year growth 2022-2027 (%)
- 6.4 Pastries - Market size and forecast 2022-2027
- Exhibit 38: Chart on Pastries - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Pastries - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Pastries - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Pastries - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ billion)
- Exhibit 43: Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by Sector
- 7.1 Market segments
- Exhibit 44: Chart on Sector - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Sector - Market share 2022-2027 (%)
- 7.2 Comparison by Sector
- Exhibit 46: Chart on Comparison by Sector
- Exhibit 47: Data Table on Comparison by Sector
- 7.3 Food service - Market size and forecast 2022-2027
- Exhibit 48: Chart on Food service - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Data Table on Food service - Market size and forecast 2022-2027 ($ billion)
- Exhibit 50: Chart on Food service - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Food service - Year-over-year growth 2022-2027 (%)
- 7.4 Retail - Market size and forecast 2022-2027
- Exhibit 52: Chart on Retail - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Data Table on Retail - Market size and forecast 2022-2027 ($ billion)
- Exhibit 54: Chart on Retail - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Retail - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Sector
- Exhibit 56: Market opportunity by Sector ($ billion)
- Exhibit 57: Data Table on Market opportunity by Sector ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2022-2027 (%)
- Exhibit 60: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison
- 9.3 Europe - Market size and forecast 2022-2027
- Exhibit 63: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 65: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 APAC - Market size and forecast 2022-2027
- Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 Russia - Market size and forecast 2022-2027
- Exhibit 95: Chart on Russia - Market size and forecast 2022-2027 ($ billion)
- Exhibit 96: Data Table on Russia - Market size and forecast 2022-2027 ($ billion)
- Exhibit 97: Chart on Russia - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Russia - Year-over-year growth 2022-2027 (%)
- 9.12 UK - Market size and forecast 2022-2027
- Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ billion)
- Exhibit 104: Data Tables on Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 108: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 109: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification
- 12.3 American Baking Co.
- Exhibit 111: American Baking Co. - Overview
- Exhibit 112: American Baking Co. - Product / Service
- Exhibit 113: American Baking Co. - Key offerings
- 12.4 Aryzta AG
- Exhibit 114: Aryzta AG - Overview
- Exhibit 115: Aryzta AG - Business segments
- Exhibit 116: Aryzta AG - Key offerings
- Exhibit 117: Aryzta AG - Segment focus
- 12.5 Barilla G. e R. Fratelli Spa
- Exhibit 118: Barilla G. e R. Fratelli Spa - Overview
- Exhibit 119: Barilla G. e R. Fratelli Spa - Business segments
- Exhibit 120: Barilla G. e R. Fratelli Spa - Key offerings
- Exhibit 121: Barilla G. e R. Fratelli Spa - Segment focus
- 12.6 BreadTalk Group Pte Ltd.
- Exhibit 122: BreadTalk Group Pte Ltd. - Overview
- Exhibit 123: BreadTalk Group Pte Ltd. - Product / Service
- Exhibit 124: BreadTalk Group Pte Ltd. - Key offerings
- 12.7 Corporativo Bimbo SA de CV
- Exhibit 125: Corporativo Bimbo SA de CV - Overview
- Exhibit 126: Corporativo Bimbo SA de CV - Business segments
- Exhibit 127: Corporativo Bimbo SA de CV - Key news
- Exhibit 128: Corporativo Bimbo SA de CV - Key offerings
- Exhibit 129: Corporativo Bimbo SA de CV - Segment focus
- 12.8 Dofreeze LLC
- Exhibit 130: Dofreeze LLC - Overview
- Exhibit 131: Dofreeze LLC - Product / Service
- Exhibit 132: Dofreeze LLC - Key offerings
- 12.9 Edwards Cake and Candy Supplies LLC
- Exhibit 133: Edwards Cake and Candy Supplies LLC - Overview
- Exhibit 134: Edwards Cake and Candy Supplies LLC - Product / Service
- Exhibit 135: Edwards Cake and Candy Supplies LLC - Key offerings
- 12.10 Flowers Foods Inc.
- Exhibit 136: Flowers Foods Inc. - Overview
- Exhibit 137: Flowers Foods Inc. - Product / Service
- Exhibit 138: Flowers Foods Inc. - Key offerings
- 12.11 Hostess Brands Inc.
- Exhibit 139: Hostess Brands Inc. - Overview
- Exhibit 140: Hostess Brands Inc. - Product / Service
- Exhibit 141: Hostess Brands Inc. - Key offerings
- 12.12 McKee Foods
- Exhibit 142: McKee Foods - Overview
- Exhibit 143: McKee Foods - Product / Service
- Exhibit 144: McKee Foods - Key offerings
- 12.13 Rubicon Bakers LLC
- Exhibit 145: Rubicon Bakers LLC - Overview
- Exhibit 146: Rubicon Bakers LLC - Product / Service
- Exhibit 147: Rubicon Bakers LLC - Key offerings
- 12.14 The Essentials Baking Co.
- Exhibit 148: The Essentials Baking Co. - Overview
- Exhibit 149: The Essentials Baking Co. - Product / Service
- Exhibit 150: The Essentials Baking Co. - Key offerings
- 12.15 The Wadia Group
- Exhibit 151: The Wadia Group - Overview
- Exhibit 152: The Wadia Group - Product / Service
- Exhibit 153: The Wadia Group - Key offerings
- 12.16 WPP Plc
- Exhibit 154: WPP Plc - Overview
- Exhibit 155: WPP Plc - Business segments
- Exhibit 156: WPP Plc - Key offerings
- Exhibit 157: WPP Plc - Segment focus
- 12.17 Yamazaki Baking Co. Ltd.
- Exhibit 158: Yamazaki Baking Co. Ltd. - Overview
- Exhibit 159: Yamazaki Baking Co. Ltd. - Business segments
- Exhibit 160: Yamazaki Baking Co. Ltd. - Key offerings
- Exhibit 161: Yamazaki Baking Co. Ltd. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 162: Inclusions checklist
- Exhibit 163: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 164: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 165: Research methodology
- Exhibit 166: Validation techniques employed for market sizing
- Exhibit 167: Information sources
- 13.5 List of abbreviations
- Exhibit 168: List of abbreviations
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