Cakes and Pastries Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War

The global cakes and pastries market is expected to grow at a CAGR of around 3.3% during 2024-2033. This report on global cake and pastries market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global cake and pastries market by segmenting the market based on product, type, sector, distribution channel, and region. Also, detailed profiles of companies operating in the cake and pastries market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

 

 

Market Drivers

The burgeoning popularity of coffee shops or cafes serves as a significant driver of the global market. These establishments have evolved into social hubs where patrons gather not only for coffee but also for delectable sweet treats like cakes and pastries. Consequently, the proliferation of cafe culture directly correlates with an uptick in demand for pastries and cakes. Moreover, as economies expand and individual prosperity increases, disposable incomes rise, thereby augmenting consumers’ purchasing power. With more financial resources at their disposal, consumers are inclined to indulge in luxury items, including cakes and pastries, leading to heightened demand for these products. Furthermore, the availability of a diverse array of baking mixes and the proliferation of baking shows on television and online platforms have a positive impact on the market, influencing consumer preferences and stimulating interest in baking-related activities.

 

Market Restraints

Increased awareness of health concerns such as obesity and diabetes has prompted certain consumers to decrease their intake of high-sugar and high-fat products like cakes and pastries. As health-conscious individuals seek out healthier options, the demand for traditional cakes and pastries may be affected. Moreover, the cake and pastry market is characterized by intense competition, as numerous bakeries, cafes, and dessert shops compete for market dominance. This high level of competition can result in price battles and place significant pressure on profit margins, particularly for smaller enterprises.

 

Market Opportunities

The surge in illnesses such as gluten sensitivity and celiac disease has spurred a notable uptick in the adoption of gluten-free and organic diets. Moreover, the expanding prevalence of non-celiac gluten sensitivity has broadened the consumer base seeking gluten-free alternatives. This shift towards health-conscious consumer behavior has fueled the demand for cakes that not only boast delicious flavors but also cater to gluten-restricted diets. Additionally, the tradition of celebrating various special occasions and achievements through cake cutting is anticipated to remain a significant factor propelling market growth in the coming years. Furthermore, the increasing preference for cakes as post-meal desserts during dine-out experiences and weekend gatherings among millennials and Gen Z consumers worldwide is poised to further stimulate market expansion throughout the forecast period.

 

Recent Industry Development 

• In November 2023, Bimbo Bakeries USA, a subsidiary of Grupo Bimbo, unveiled Entenman’s inaugural baked donut cake.
• In March 2023, McKee Foods introduced Little Debbie Cookies & Creme Brownies to the vending industry.
• In February 2023, Hostess Brands revealed its latest creation, Hostess Kazbars, an inventive candy bar-inspired innovation in the global snacks market.

 

Historical & Forecast Period

Base Year: 2023

Historical Period: 2019-2023

Forecast Period: 2024-2033

Report’s Unit: US$

 

Global Cakes and Pastries Market Segmentation

Market by Product

• Artisanal Bakery Products
• In-store Bakery Products

Market by Type

• Cakes
• Frozen Cakes & Pastries
• Pastries
• Sweet Pies

Market by Sector

• Food Service
• Retail

Market by Distribution Channel

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

Market by Region

Europe

• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia
• Netherlands
• Sweden
• Poland
• Rest of Europe

North America

• United States
• Canada

Asia Pacific

• China
• Japan
• India
• South Korea
• Australia
• ASEAN
• Rest of Asia Pacific

Latin America

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Middle East & Africa

• Saudi Arabia
• Turkey
• Iran
• United Arab Emirates
• Rest of Middle East & Africa

List of Mentioned Companies

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

 

Report Coverage

Report Feature	Details
Base Year	2023
Historical Period	2019-2022
Forecast Period	2024-2033
Units	US$ Million
Segments Covered	Product, Type, Sector, Distribution Channel, Region
Region Covered	Europe, North America, Asia Pacific, Latin America, Middle East and Africa
Companies Covered	Finsbury, Flowers Foods, Grupo Bimbo, American Baking Company, Britannia, Euro Cakes, Hostess Brands, McKee Foods, Yamazaki Baking, Aryzta, Mulino bianco, Edwards Cake & Candy Supplies, Bread Talk Group Limited
Purchase Options	Single User License: US$ 2,999 Five User License: US$ 3,499 Corporate License: US$ 4,499

 

Research Methodology

During the course of the research study, we conducted extensive primary and secondary research. The research commenced with extensive exploration through secondary sources followed by primary research. With these research methods, we were able to estimate the market size, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market.

Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get during the forecast period. Apart from these approaches, various analytical and statistical approaches were also used during data extraction cleaning, and analysis. 

Post-secondary & primary research, we conducted expert interviews to validate all the information we collected during the course of the study. So, a blend of these three-way approaches helped us in data triangulation and to provide an accurate market scenario in our report.

 

Key Questions Answered in the Report

• What will be the global cakes and pastries market size and the growth rate in the coming year?
• What are the main key factors driving the market?
• What are the key market trends impacting the growth of the market?
• What are the market opportunities and threats in the market?
• What industrial trends, drivers, and challenges are manipulating its growth?
• Which are trending factors influencing the market shares of the top regions across the globe?
• Who are the key market players in the industry?
• What is the impact of Covid19 on the current industry?

1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report’s Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
2.1. Global Market in 2023
2.2. Impact of COVID-19
2.3. Growth Opportunities and Challenges
2.4. Key Industry Trends
3. Global Cake and Pastries Market Dynamics
3.1. Introduction
3.2. Market DROs
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Industry Trends
3.4. SWOT Analysis
3.5. Market Value Chain Analysis
3.6. Porter’s Five Forces Analysis
3.7. PESTLE Analysis
3.8. Key Price Indicators
3.9. Ansoff Matrix
3.10. Government Laws and Industry Regulations
4. Global Cake and Pastries Market Analysis
4.1. Market Portraiture
4.2. Market Size (US$ Million, 2019-2023)
4.3. Market Forecast (US$ Million, 2024-2033)
4.4. Impact of COVID-19
4.5. Impact of Russia-Ukraine War
5. Global Cake and Pastries Market by Product (US$ Million, 2019-2033)
5.1. Introduction
5.2. Artisanal Bakery Products
5.3. In-store Bakery Products
5.4. Key Segment Investment Opportunity
6. Global Cake and Pastries Market by Type (US$ Million, 2019-2033)
6.1. Introduction
6.2. Cakes
6.3. Frozen Cakes & Pastries
6.4. Pastries
6.5. Sweet Pies
6.6. Key Segment Investment Opportunity
7. Global Cake and Pastries Market by Sector (US$ Million, 2019-2033)
7.1. Introductions
7.2. Food Service
7.3. Retail
7.4. Key Segment Investment Opportunity
8. Global Cake and Pastries Market by Distribution Channel (US$ Million, 2019-2033)
8.1. Introduction
8.2. Convenience Stores
8.3. Supermarkets and Hypermarkets
8.4. Specialist Retailers
8.5. Artisanal Bakeries
8.6. Online Retailers
8.7. Others
8.8. Key Segment Investment Opportunity
9. Global Cake and Pastries Market by Region (US$ Million, 2019-2033)
9.1. Introduction
9.2. Europe
9.3. North America
9.4. Asia Pacific
9.5. Latin America
9.6. Middle East & Africa
9.7. Key Segment Investment Opportunity
10. Europe Cake and Pastries Market (US$ Million, 2019-2033)
10.1. Introduction
10.2. Key Drivers and Takeaways
10.3. Europe Market Breakup by Product
10.4. Europe Market Breakup by Type
10.5. Europe Market Breakup by Sector
10.6. Europe Market Breakup by Distribution Channel
10.7. Europe Market Breakup by Country
10.7.1. Germany
10.7.2. United Kingdom
10.7.3. France
10.7.4. Italy
10.7.5. Spain
10.7.6. Russia
10.7.7. Netherlands
10.7.8. Sweden
10.7.9. Poland
10.7.10. Rest of Europe
11. North America Cake and Pastries Market (US$ Million, 2019-2033)
11.1. Introduction
11.2. Key Drivers and Takeaways
11.3. North America Market Breakup by Product
11.4. North America Market Breakup by Type
11.5. North America Market Breakup by Sector
11.6. North America Market Breakup by Distribution Channel
11.7. North America Market Breakup by Country
11.7.1. United States
11.7.2. Canada
12. Asia Pacific Cake and Pastries Market (US$ Million, 2019-2033)
12.1. Introduction
12.2. Key Drivers and Takeaways
12.3. Asia Pacific Market Breakup by Product
12.4. Asia Pacific Market Breakup by Type
12.5. Asia Pacific Market Breakup by Sector
12.6. Asia Pacific Market Breakup by Distribution Channel
12.7. Asia Pacific Market Breakup by Country
12.7.1. China
12.7.2. Japan
12.7.3. India
12.7.4. South Korea
12.7.5. Australia
12.7.6. ASEAN
12.7.7. Rest of Asia Pacific
13. Latin America Cake and Pastries Market (US$ Million, 2019-2033)
13.1. Introduction
13.2. Key Drivers and Takeaways
13.3. Latin America Market Breakup by Product
13.4. Latin America Market Breakup by Type
13.5. Latin America Market Breakup by Sector
13.6. Latin America Market Breakup by Distribution Channel
13.7. Latin America Market Breakup by Country
13.7.1. Mexico
13.7.2. Brazil
13.7.3. Argentina
13.7.4. Chile
13.7.5. Rest of Latin America
14. Middle East and Africa Cake and Pastries Market (US$ Million, 2019-2033)
14.1. Introduction
14.2. Key Drivers and Takeaways
14.3. Middle East and Africa Market Breakup by Product
14.4. Middle East and Africa Market Breakup by Type
14.5. Middle East and Africa Market Breakup by Sector
14.6. Middle East and Africa Market Breakup by Distribution Channel
14.7. Middle East and Africa Market Breakup by Country
14.7.1. Saudi Arabia
14.7.2. Turkey
14.7.3. Iran
14.7.4. United Arab Emirates
14.7.5. Rest of Middle East & Africa
15. Competitive Landscape
15.1. Competitive Dashboard
15.2. Key Industry Strategies Analysis
15.3. Recent Developments
15.4. Market Scenario
16. Company Profiles
16.1. Finsbury
16.2. Flowers Foods
16.3. Grupo Bimbo
16.4. American Baking Company
16.5. Britannia
16.6. Euro Cakes
16.7. Hostess Brands
16.8. McKee Foods
16.9. Yamazaki Baking
16.10. Aryzta
16.11. Mulino bianco
16.12. Edwards Cake & Candy Supplies
16.13. Bread Talk Group Limited.