What Does the Historical and Current Cake And Pastries Market Size Trend Indicate?
The cake and pastries market has seen considerable growth due to a variety of factors.
• The market for cakes and pastries has seen robust expansion in the past few years. The size is expected to increase from $94.64 billion in 2024 to $101.92 billion in 2025, representing a compound annual growth rate (CAGR) of 7.7%. Factors contributing to the previous period's growth include shifts in consumer habits, a culture of celebrations and events, the internationalization of food cultures, branding and marketing tactics, and innovativeness in flavors and designs. The growth of e-commerce and the emergence of online bakeries also played a significant role.
How Will the Cake And Pastries Market Size?
The Cake And Pastries market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for cakes and pastries is projected to experience robust growth in the following years, expanding to a projected $135.39 billion in 2029 with a compound annual growth rate (CAGR) of 7.4%.
Factors theoretically contributing to this growth during the forecast period comprise factors such as customization and personalization, environmentally friendly and ethical business methods, concentration on high-end and craft products, an increase in specialized dietary product consumption, and global economic developments. Forecast period trends comprise the digitization of bakery services and a surge in consumer demand for artisanal and handcrafted items, health-aware baking and ingredient options, the introduction of innovative flavor combinations and fusion delicacies, and a greater emphasis on visual allure and aesthetics.
Which Factors Are Boosting Growth In The Cake And Pastries Market?
The increase in craving for ready-to-consume (RTE) and pre-packaged food items is set to accelerate the expansion of the cake and pastries market in the foreseeable future. Looked at in detail, ready-to-consume (RTE) signifies a category of foodstuffs that have been cleaned, cooked, and typically packed prior to being sold for consumption. Pre-packaged food includes a range of items from canned and preserved to frozen foods, diverse varieties of meat and vegetables, snacks, and advance-packed food. With increased quality of life and better living standards, individuals are leaning towards quick or ready-to-consume foods for healthier lifestyle choices. Within the cake and pastry market scope, pre-packaged and ready-to-consume items such as bread, cakes, pastries, cream rolls, cookies, and biscuits are seeing strong demand owing to their convenient availability and ready-to-consume attribute. For example, in 2023, as noted by the Ministry of Food Processing Industries, a government department in India, the worldwide ready-to-consume (RTE) food sector is predicted to attain a growth rate of 4.6% CAGR from 2023 to 2028. Additionally, based on Euromonitor's calculations, the value of retail sales in Japan's packaged food segment is tallied at $216.3 billion in 2022. Consequently, surging demand for ready-to-consume (RTE) and pre-packaged foods operates as primary growth driver for the cake and pastries market.
What Key Areas Define The Segmentation Of The Global Cake And Pastries Market?
The cake and pastries market covered in this report is segmented –
1) By Type: Cakes, Frozen Cakes And Pastries, Pastries, Sweet Pies
2) By Distribution Channel: Super markets And Hyper markets, Convenience Stores, Online Retail, Bakeries, Other Distribution Channels
3) By Application: Food Service, Retail, Other Applications
Subsegments:
1) By Cakes: Celebration Cakes, Dessert Cakes, Cupcakes
2) By Frozen Cakes And Pastries: Frozen Cakes, Frozen Pastries
3) By Pastries: Puff Pastries, Danish Pastries
4) By Sweet Pies: Fruit Pies, Cream Pies
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How Are Emerging Trends Reshaping The Dynamics Of The Cake And Pastries Market?
The focus on product innovation is the primary trend surging in popularity in the cakes and pastries market. Prominent businesses in the cakes and pastries field are centering their efforts on the creation of novel products to consolidate their market position. For example, in October 2022, Entenmann's, a baked goods producer based in the US, introduced Entenmann's Cake Truffles. Entenmann's Cookies & Crème Cake Truffles have a filling of rich white chocolate bits and a coating of sumptuously smooth chocolate. Entenmann's Chocolate Delight Cake Truffles are encased in a similar layer of lusciously smooth chocolate. These decadently delicious flavors are sure to delight any chocolate enthusiast.
Who Are the Key Players In The Cake And Pastries Market?
Major companies operating in the cake and pastries market include:
• Finsbury Food Group Plc
• Flowers Foods
• Grupo Bimbo S.A.B. de C.V
• Hostess Brands lnc.
• McKee Foods Corporation
• Yamazaki Baking Company Ltd.
• Aryzta AG
• BreadTalk Group Private Limited
• Britannia Industries Limited
• Edeka Group
• Mulino Bianco
• Monginis Foods Private Limited
• Americana Group
• Pepperidge Farm
• Bright Blue Foods Limited
• American Baking Company
• Barilla G. e R. Fratelli Spa
• Bonn Nutrients Pvt. Ltd.
• Campbell Soup Co.
• Corporativo Bimbo SA de CV
• Dofreeze LLC
• Edwards Cake and Candy Supplies LLC
• EUROPASTRY SA
• The J.M Smucker Co.
• Rubicon Bakers LLC
• The Essentials Baking Co.
• The Wadia Group
• Le Macaron French Pastries
• Dawn Foods
• Modern Food Enterprises Private Limited
• Parle Products Pvt Ltd
• Elite Foods
• Wright Food Group
• Goodness Cakes
• Kukkr
• Hillshire Brands
• George Weston Limited
• Sweet Street Desserts
• Ainsworth Pet Nutrition
• Baked by Melissa
• Cinnabon
• LLC
• Crumbl Cookies
• Little Debbie Snacks
• Sprinkles Cupcakes
What Is The Most Dominant Region In The Cake And Pastries Market?
North America was the largest region in the cake and pastries market in 2024. Asia-Pacific is expected to be the fastest-growing region in the cake and pastries market report during the forecast period. The regions covered in the cake and pastries market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
