SHERIDAN, WYOMING, UNITED STATES, November 17, 2021 /EINPresswire.com/ -- According to the latest report by IMARC Group, titled “Global Cakes and Pastries Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global cakes and pastries market reached a value of US$ 124.8 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.5% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Cakes and pastries refer to bakery products prepared by baking with ingredients, such as sugar, baking soda, flour, eggs, baking powder, etc. Some commonly available pastries in the market are puff, shortcuts, choux, etc. These are generally consumed on ceremonial occasions, including birthdays, weddings, anniversaries, etc. Cakes and pastries are available in various shapes and sizes and can be customized according to consumers' preferences. They are often baked and are utilized as a crust for pies and tarts.

The elevating levels of urbanization and the escalating demand for decadent food products are primarily driving the cakes and pastries market across the globe. Moreover, the growing working population and inflating disposable incomes have led to the rising consumption of various ready-to-eat food products, such as cakes, pies, and pastries, thereby propelling the market growth. In line with this, continuous experimentation for introducing distinctive flavors of fillings and toppings and the growing demand for customized pastries and cakes is another growth-inducing factor. Furthermore, rising health-consciousness among consumers has led to the incorporation of healthier ingredient alternatives, including whole wheat flour instead of white flour, which is also augmenting the global market. Apart from this, the escalating demand for low sodium, gluten-free, multigrain, and organic bakery products will continue to bolster the cakes and pastries market over the forecasted period.

Cakes and Pastries Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the cakes and pastries market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Finsbury
Flowers Foods
Grupo Bimbo
American Baking Company
Britannia
Euro Cakes
Hostess Brands
McKee Foods
Yamazaki Baking
Aryzta
Mulino bianco
Edeka
Edwards Cake & Candy Supplies
BreadTalk Group Limited

Key Market Segmentation:

The report has segmented the cakes and pastries market on the basis of product, type, sector, distribution channel and region.

Breakup by Product:

Artisanal Bakery Products
In-store Bakery Products

Breakup by Type:

Cakes
Frozen Cakes & Pastries
Pastries
Sweet Pies

Breakup by Sector:

Food Service
Retail

Breakup by Distribution Channel:

Convenience Stores
Supermarkets and Hypermarkets
Specialist Retailers
Artisanal Bakeries
Online Retailers
Others

Breakup by Region:

North America
Asia Pacific
Europe
Middle East and Africa
Latin America

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/cakes-pastries-market

Key highlights of the report:            

Market Performance (2015-2020)
Market Outlook (2021-2026)
Industry Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Services Private Limited
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