Global Pastries Market to Reach $71.86 Billion by 2028, Driven by Customizable and Indulgent Pastry Trends

    Author StockStreetNewsPosted on Categories Food & BeverageTags , , ,

    DUBLIN, Sept. 28, 2023 /PRNewswire/ — The “Pastries Market Size & Share Analysis – Growth Trends & Forecasts (2023 – 2028)” report has been added to ResearchAndMarkets.com’s offering.

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    The global pastries market is on track for substantial growth, with expectations to expand from USD 64.07 billion in 2023 to USD 71.86 billion by 2028.

    This growth trajectory represents a solid compound annual growth rate (CAGR) of 2.32% during the forecast period from 2023 to 2028. Key drivers and trends are poised to fuel this market’s expansion.

    Key Highlights:

    • Customizable Pastries: The rising popularity of customizable pastries and continuous product innovation are anticipated to drive market growth. Specialty ingredients like whole-grain bread, concentrates, and sweet goods mixes are in demand, aligning with consumer preferences for healthy ingredients and on-the-go food products.
    • Indulgent Food Products: A growing desire for indulgent food products and increased urbanization have boosted the consumption of ready-to-eat pastries. Consumer interest in unique flavors, customized pastries, and health-conscious ingredient substitutes further propels market growth.
    • Healthy and Free-from Bakery Products: Health-conscious consumers are driving the demand for free-from bakery products that cater to specific dietary needs, such as gluten-free, kosher, organic, and natural ingredients. Nutrient-rich and clean-label pastries are gaining traction among consumers, including those with diabetes.

    Market Trends:

    • Nutrition and Clean Labels: Consumers increasingly seek pastries with clean-label ingredients, prioritizing wholesome, natural, and organic components. Nutritionally balanced pastries are appealing to consumers, especially those who want to limit calorie intake.
    • Asia-Pacific Dominance: Asia-Pacific is a significant market due to rising disposable incomes, urbanization, and a preference for Western-style diets. China, in particular, has become one of the largest baked goods markets globally, driving pastry sales.
    • Personal Gifting: Personal gifting of food items, including bakery products like pastries, is a popular trend among friends and family. Pastries are often enjoyed daily for breakfast, further contributing to market growth.
    • Convenience and On-the-Go: Consumers favor bakery products like pastries for their convenience and suitability for on-the-go consumption. These factors are instrumental in the growth of the bakery products market.

    Companies Mentioned 

    • American Baking Company
    • Aryzta AG
    • Britannia Industries
    • Flowers Foods
    • Groupo Bimbo
    • Hostess Brands LLC
    • McKee Foods Co.
    • Tyson Foods
    • Europastry Brands
    • Finsbury Food Group PLC

    Key Topics Covered:



    1 INTRODUCTION



    2 RESEARCH METHODOLOGY



    3 EXECUTIVE SUMMARY



    4 MARKET DYNAMICS

    4.1 Market Drivers

    4.2 Market Restraints

    4.3 Porter’s Five Forces Analysis



    5 MARKET SEGMENTATION

    5.1 Flavor

    5.1.1 Sweet

    5.1.2 Savory

    5.2 Product Type

    5.2.1 Packaged Pastries

    5.2.2 Unpackaged/Artisanal Pastries

    5.3 Distribution Channel

    5.3.1 On-trade

    5.3.2 Off-trade

    5.3.2.1 Supermarkets/Hypermarkets

    5.3.2.2 Convenience/Grocery Stores

    5.3.2.3 Specialty Stores

    5.3.2.4 Online Retail Stores

    5.3.2.5 Other Distribution Channels

    5.4 Geography



    6 COMPETITIVE LANDSCAPE

    6.1 Strategies Adopted by Leading Players

    6.2 Market Share Analysis

    6.3 Company Profiles



    7 MARKET OPPORTUNITIES AND FUTURE TRENDS



    8 ABOUT US



    For more information about this report visit https://www.researchandmarkets.com/r/inouz8

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