Cake And Pastries Market Analysis, Consumption, Demand, Growth And Forecast To 2033Posted by ramacharitbrc on May 28th, 2024 Overview and Scope Cake is a baked sweet dessert similar to bread that is often made with flour, sugar, baking soda or powder, eggs, and liquid flavoring. Pastries is a solid dough made of flour, salt, a substantial amount of fat, and a small amount of liquid. The cake and pastries market size has grown strongly in recent years. It will grow from .78 billion in 2023 to .59 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to changing consumer lifestyles, celebration and occasion culture, globalization of food culture, marketing and branding strategies, innovation in flavors and designs, e-commerce and online bakery shops. https://www.thebusinessresearchcompany.com/report/cake-and-pastries-global-market-report The cake and pastries market covered in this report is segmented – 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 https://www.thebusinessresearchcompany.com/sample.aspx?id=9558&type=smp The rising demand for ready-to-eat (RTE) and packaged foods is expected to propel the growth of the cake and pastries market in the coming future. Ready-to-eat (RTE) refers to a class of food items that have been cleaned, cooked, and most often packed before being made available for consumption. Packaged food includes preserved, canned, frozen, various varieties of meat and vegetables, snacks, and pre-packaged food items. Individuals choose quick or ready-to-eat foods for healthier eating habits due to better lifestyles and living standards. Among the cake and pastry market, packaged and ready-to-eat items such as bread, cakes, pastries, cream rolls, cookies, and biscuits are in high demand due to their availability and ready-to-eat characteristic. For instance, in January 2022, according to India's Ministry of Commerce and Industry, ready-to-eat food exports climbed by 24% to $ 394 million in 2021-22 (April-October). Furthermore, according to Euromonitor estimate, retail sales in Japan's packaged food sector is accounted at 6.3 billion in 2022. Therefore, rising demand for ready-to-eat (RTE) and packaged foods is driving the cake and pastries market. Major companies operating in cake and pastries are innovating new products, such as vegan cakes and pastries, to provide reliable services to customers. Vegan cakes and pastries are plant-based desserts made without any animal products, including eggs, dairy, and honey. For instance, in March 2022, Higgidy, a UK-based food manufacturing company, launched Little Vegan Quiche and Roasted Chickpea Masala Vegan Pie. Little Vegan Quiche and Roasted Chickpea Masala Vegan Pie are vegan pastries that are plant-based, meat-free and dairy-free pastry. Little Vegan Quiche has Petit Pois and Courgette flavors and a seeded shortcrust pastry of mint and chili. Roasted Chickpea Masala Vegan Pie is a shortcrust pastry filled with a creamy coconut, lentil, and spinach daal, layered with a chickpea and tomato masala, and hand-topped with a sweet mango chutney. 2. Market Characteristics 3. Market Trends And Strategies 4. Impact Of COVID-19 5. Market Size And Growth 6. Segmentation 7. Regional And Country Analysis ……….. 27. Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis Like it? Share it!More by this author |