Global Cakes and Pastries Market Overview:
Cakes and pastries are among the most famous items in the bakery industry. Cakes are heated utilizing fixings like sugar, flour, eggs, margarine, preparing powder, and preparing pop. It is normally devoured on formal events, for example, birthday events, weddings, and commemorations. Accessible in various shapes and sizes, cakes can be modified by the inclination of the purchaser. Then again, a cake is a batter of flour, water, and oil that can be both sweet and appetizing. Cakes are regularly seared or prepared and are utilized as an outside layer for pies and tarts. Puff, easy routes, and choux are probably the most well-known sorts of baked goods accessible on the lookout.
- High demand for decadent food products
- Increasing working population and rising disposable incomes
- Growing healthy diet trends among people
- Growing concerns about obesity and health-related issues
- Rising demand for convenience food in emerging countries
- Formulation of rules and regulations regarding food products
- Changing consumer tests and preferences
- Growing at–home consumption among people
The companies in the market are involved in providing backing food products are developing new flavored products in cakes and pastries. Also, leading organizations are developing healthy baking products which are in demand in the market and gaining a competitive advantage.
Some of the key players profiled in the report are Finsbury Food Group (United Kingdom), American Baking Company (United States), BreadTalk (Singapore), Edeka (Germany), Edwards Cake & Candy Supplies (United States), Hillshire Brands (United States), Monginis (India), Flowers Foods (United States), Aryzta (Switzerland) and Grupo Bimbo (Mexico). Additionally, following companies can also be profiled that are part of our coverage like Britannia (India), Hostess Brands (United States), George Weston (Canada), McKee Foods (United States), Yamazaki Baking (Japan) and Pepperidge Farm (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Cakes and Pastries market by 2026. Considering Market by By Distribution Channels, the sub-segment i.e. Convenience Stores will boost the Cakes and Pastries market.
Latest Market Insights:
On 16 December 2020, a leading cake manufacturer in the UK, Finsbury Food Group, has announced a three-year extension to its existing long-term partnership with chocolatier Thorntons. Finsbury’s and Thorntons’ collaboration and expertise have driven the celebration cake market for the last 20 years, a long-standing brand partnership in the industry.
On 4 March 2021, the UK’s leading specialty baker, Finsbury Food Group, has partnered with BOSH, the British vegan duo, to launch a brand-new vegan traybake to be sold in Costa Coffee stores nationwide. This new collaboration will be the first time that Finsbury and BOSH have partnered with a coffee shop. Finsbury and BOSH have created the indulgent BOSH Ultimate Slice; a chocolate tiffin base, with a chocolate topping and finished with fudge and cookie pieces.
Food Safety and Security Authority of India (FSSAI) is the regulating authority that makes standard rules and regulations for food-related products. Organizations involved in the manufacturing of food products need to follow the guidelines of FSSAI.
What Can be Explored with the Cakes and Pastries Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cakes and Pastries Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cakes and Pastries
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cakes and Pastries market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cakes and Pastries market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Bakery Product Suppliers, Government Regulatory Authorities, Retailers and Backing Food Products Suppliers.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Cakes and Pastries Market?
The Cakes and Pastries market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Cakes and Pastries Market?
Top performing companies in the Global Cakes and Pastries market are Finsbury Food Group (United Kingdom), American Baking Company (United States), BreadTalk (Singapore), Edeka (Germany), Edwards Cake & Candy Supplies (United States), Hillshire Brands (United States), Monginis (India), Flowers Foods (United States), Aryzta (Switzerland) and Grupo Bimbo (Mexico), to name a few.
3. What trending factors would impact Cakes and Pastries Market growth most?
"Growing utilization of cakes and pastries in the different festivals
" is seen as one of major influencing trends for Cakes and Pastries Market during projected period 2020-2026.