Global pastry industry to 2026 – Rising demand for freshly baked pastries drives growth

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DUBLIN, September 29, 2021– (BUSINESS WIRE) – The report “Pastry Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” has been added to ResearchAndMarkets.com offer.

The global pastries market is expected to grow at a CAGR of 3.44% during the forecast period 2021-2026.

Companies mentioned

  • American bakery company

  • Aryzta SA

  • Britannia Industry

  • Flowers Food

  • George Weston Limited

  • Bimbo Group

  • Hillshire Brands Company

  • Hostess Brands, LLC

  • McKee Foods Co.

  • Finsbury Food Group Plc

Key market trends

Growing demand for freshly baked pastries

Globally, consumers are turning to baked goods that provide functional benefits and meet specific dietary needs of consumers, such as gluten-free, kosher, organic and natural ingredients and the use of flour, such as rice flour and chia flour, other than wheat flour. In addition, consumers are looking for food products that provide them instant nutrition and are willing to pay more for such products, thus enabling substantial innovation in the respective product category. Therefore, the growing demand for freshly baked pastries can be seen as an opportunity in this market, along with increased online sales and new product launches.

Increased consumption of pastries in the Middle East

Consumption of pastries in developing markets such as Asia Pacific is based on certain factors, such as increased consumption of snacks and ready meals. In addition, there is an increasing demand in the segment of decorated cakes. This shift in consumers is due to the increase in disposable income and the preference for innovative products. Asia-Pacific is becoming a key market, as rising disposable income, urbanization and demand for Western-style diets support the growth in sales of bakery and pastry products in particular. China is expected to become one of the world’s largest bakery markets by 2022, with pastries being one of the most popular segments. Due to this factor, the Asia-Pacific pastry market is expected to experience a potential increase in sales growth during the forecast period.

Competitive landscape

The pastry market is very competitive, due to the presence of a large number of regional and international suppliers. New, healthier varieties with less fat are being introduced by vendors to attract the health conscious population. Major players in this market include Flowers Foods, Grupo Bimbo, Hostess Brands, McKee Foods, and The Essential Baking Company, among others.

Reasons to buy this report:

Main topics covered:

1. INTRODUCTION

1.1 Hypotheses of the study and market definition

1.2 Scope of the study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market drivers

4.2 Market constraints

4.3 Porter’s five forces analysis

4.3.1 Threat of new entrants

4.3.2 Bargaining power of buyers / consumers

4.3.3 Bargaining power of suppliers

4.3.4 Threat of Substitute Products

4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

5.1 By flavor

5.1.1 Sweet

5.1.2 Savory

5.2 By product type

5.2.1 Packaged pastries

5.2.2 Unwrapped / artisanal pastries

5.3 By distribution channel

5.3.1 Online Retail Stores

5.3.2 Supermarkets / Hypermarkets

5.3.3 Convenience Stores

5.3.4 Other distribution channel

5.4 Geography

5.4.1 North America

5.4.1.1 United States

5.4.1.2 Canada

5.4.1.3 Mexico

5.4.1.4 Rest of North America

5.4.2 Europe

5.4.2.1 Spain

5.4.2.2 United Kingdom

5.4.2.3 Germany

5.4.2.4 France

5.4.2.5 Italy

5.4.2.6 Rest of Europe

5.4.3 Asia-Pacific

5.4.3.1 China

5.4.3.2 Japan

5.4.3.3 India

5.4.3.4 Australia

5.4.3.5 Rest of Asia-Pacific

5.4.4 South America

5.4.4.1 Brazil

5.4.4.2 Argentina

5.4.4.3 Rest of South America

5.4.5 Middle East and Africa

5.4.5.1 South Africa

5.4.5.2 Saudi Arabia

5.4.5.3 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

6.1 Strategies adopted by the main actors

6.2 Market share analysis

6.3 Company profiles

6.3.1 American Bakery Company

6.3.2 Aryzta SA

6.3.3 Britannia Industry

6.3.4 Food Flowers

6.3.5 George Weston Limited

6.3.6 Bimbo group

6.3.7 Hillshire Brands Company

6.3.8 Hostess Brands, LLC

6.3.9 McKee Foods Co.

6.3.10 Finsbury Food Group Plc

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 IMPACT OF COVID-19 ON THE MARKET

For more information on this report, visit https://www.researchandmarkets.com/r/qddo0l

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210929005434/en/

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