Pastries Market Size, Share, Growth & Industry Trends [2031]
Pastries Market Size, Share, Growth & Industry Trends [2031]
Segments - Global Pastries Market by Flavors (Savory and Sweet), Product Types (Unpackaged Pastries and Packaged Pastries), Distribution Channels (Convenience Stores, Supermarkets, Online Retail Stores, Specialty Stores, and Other Distribution Channel), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :FB-965
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| 134 Pages
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Report Description
The global pastries market size is projected to expand at a CAGR of 3.44% during the forecast period, 2021–2028. Growth of the market is attributed to the growing demand for innovative food products, rapid urbanization, and increase in income of the consumers.
The baked product prepared from ingredients including sugar, milk, flour, baking powder, shortening, eggs, and butter are known as pastries. There are different types of pastries such as short crust pastry, choux pastry, flaky pastry, phyllo, puff pastry, and hot water crust pastry. Various specialty ingredients such as concentrates, whole grain breads, indulgence without calories, and sweet goods mixes in pastries are used to fulfill the demand for healthy ingredients in the pastry.
Covid-19 has impacted the global pastries market has witnessed high sales due to rise in demand for the convince food. On the other hand, unpacked pastries observed decline in sales owing to limited production attributed to social distancing and lockdown imposed by government around the world.
Market Trends, Drivers, Restraints, and Opportunities
- Rising product innovation is anticipated to fuel the market in the coming years.
- Growing demand from millennial for pastries is expected to propel the market during the forecast period.
- Increasing popularity of customizable pastries is main factor spurring the market in the coming years.
- Rapid growth of the bakery & confectionery industry is key factor boosting the market.
- Rising concern about obesity and health related issues act as major challenge that can hinder the market during the forecast period.
- Innovation in the pastries market is projected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the global pastries market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Global Pastries Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Flavors (Savory and Sweet), Product Types (Unpackaged Pastries and Packaged Pastries), Distribution Channels (Convenience Stores, Supermarkets, Online Retail Stores, Specialty Stores, and Other Distribution Channel) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
George Weston Ltd., Hostess Brands, LLC, Grupo Bimbo, Finsbury Food Group Plc, McKee Foods Corporation, Flowers Foods, Yamazaki Baking Co. Ltd., and Pepperidge Farm Incorporated |
Market Segment Insights:
The sweet segment is projected to account for a large market share
In terms of flavors, the global pastries market is divided into savory and sweet. The sweet segment is expected to represent a key share of the market in the coming years due to availability of sweet pastries in various flavors in the market. On the other hand, the savory segment is anticipated to expand at a rapid pace during the forecast period owing to its spicy and rich taste.
The unpacked pastries segment is projected to hold a key market share
On the basis of product types, the global pastries market is segmented into unpackaged pastries and packaged pastries. The unpacked pastries segment is expected to constitute a key share of the market during the forecast period owing to rising demand for fresh, premiumized, and customized baked products. Consumers demand for the products which suit their specific needs such as natural ingredients, kosher, gluten free, and organic. They look for the products which deliver instant nutrient.
The specialty stores segment is projected to constitute a major market share
Based on distribution channels, the global pastries market is segregated into convenience stores, supermarkets, online retail stores, specialty stores, and other distribution channel. The specialty store segment is expected to account for a key share of the market during the forecast period due to it offers variety of freshly baked pastries at different price range. However, the supermarkets segment is anticipated to expand at a rapid pace during the forecast period owing to availability of variety of packaged pastries at discounted offers on purchasing in bulk and freshly baked pastries offered by in-store bakeries.
The market in Middle East is anticipated to hold a major market share
On the basis of regions, the global pastries market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Middle East is anticipated to expand the market at a high CAGR during the forecast period. The regional market growth can be attributed to increasing consumer preference towards innovative indulgence food products. Manufacturers are experimenting with various flavors, toppings, and fillings owing to consumers evolving taste preference. However, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years owing to rapid urbanization and adapting western culture is witnessing consumer shifting preference for convenience food products.
Segments
Segments Covered in the ReportThe global pastries market has been segmented on the basis of
Flavors
- Savory
- Sweet
- Unpackaged Pastries
- Packaged Pastries
- Convenience Stores
- Supermarkets
- Online Retail Stores
- Specialty Stores
- Other Distribution Channel
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- George Weston Ltd.
- Hostess Brands, LLC
- Grupo Bimbo
- Finsbury Food Group Plc
- McKee Foods Corporation
- Flowers Foods
- Yamazaki Baking Co. Ltd.
- Pepperidge Farm Incorporated
Competitive Landscape
Key players competing in the global pastries market include George Weston Ltd., Hostess Brands, LLC, Grupo Bimbo, Finsbury Food Group Plc, McKee Foods Corporation, Flowers Foods, Yamazaki Baking Co. Ltd., and Pepperidge Farm Incorporated. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Pastries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pastries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pastries Market - Supply Chain
4.5. Global Pastries Market Forecast
4.5.1. Pastries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pastries Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Pastries Market Absolute $ Opportunity
5. Global Pastries Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Pastries Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Pastries Demand Share Forecast, 2019-2026
6. North America Pastries Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Pastries Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Pastries Demand Share Forecast, 2019-2026
7. Latin America Pastries Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Pastries Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Pastries Demand Share Forecast, 2019-2026
8. Europe Pastries Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Pastries Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Pastries Demand Share Forecast, 2019-2026
9. Asia Pacific Pastries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Pastries Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Pastries Demand Share Forecast, 2019-2026
10. Middle East & Africa Pastries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Pastries Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Pastries Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Pastries Market: Market Share Analysis
11.2. Pastries Distributors and Customers
11.3. Pastries Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. George Weston Ltd.
11.4.2. Hostess Brands, LLC
11.4.3. Grupo Bimbo
11.4.4. Finsbury Food Group Plc
11.4.5. McKee Foods Corporation
11.4.6. Flowers Foods
11.4.7. Yamazaki Baking Co. Ltd.
11.4.8. Pepperidge Farm Incorporat
Methodology
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