Cakes, Pastries And Sweet Pies (Bakery And Cereals) Market By Category (cakes, Pastries, Sweet Pies), By Distribution Channel (Bakeries, Supermarkets/Hypermarkets, Convenience Stores, Others), And By Region
The Global Cakes, Pastries and Sweet Pies (Bakery and Cereals) Industry was worth USD billion in 2016 and estimated to be growing at a CAGR of , to reach USD billion by 2021. Pastries are small buns made using whipped cream — a stiff dough enriched with fat.
Some dishes, such as pies, are made of a pastry casing that covers or completely contains a filling of various sweet or savory ingredients. A cake is made with flour & often is made with more than one layer and it rises.
And it has icing on it. A pie is a baked dish which is usually made of a pastry dough casing that covers or completely contains a filling of various sweet or savoury ingredients. Pies are defined by their crusts.
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The Global Cakes, Pastries and Sweet Pies (Bakery and Cereals) industry is driven by the rising demand, increase in urbanization leading to higher availability of bakeries. However, health concerns are a major factor restraining industry growth.
Therefore, to attract the health conscious populace, the vendors introduced healthier varieties with lesser fat content. Also, the rapid growth in home baking also acts as a restraint on industry growth as it reduces the demand for packaged Cakes, Pastries and Sweet Pies (Bakery and Cereals)
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The industry has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. In 2015, Europe led the global Cakes, Pastries and Sweet Pies (Bakery and Cereals) industry in terms of industry share.
The industry share in North America has dwindled owing to the rising incidence of obesity in the region coupled with increasing consumer health awareness. The industry for these Cakes, Pastries and Sweet Pies (Bakery and Cereals) in Asia-Pacific area is amplifying because more of consumption.
The Asia-Pacific and other rising nations are foreseen to develop at a quick pace in the Cakes, Pastries and Sweet Pies (Bakery and Cereals) industry in the following years when compared with the seasoned markets of developed regions
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The major players operating in the Global Cakes, Pastries and Sweet Pies industry include Rich Product, Betty Crocker, CSM Bakery Solutions, Pinnacle Foods, Wilton Industries, Dawn Food, Real Good Food and Lawrence Foods
- Sweet Pies
- Convenience Stores
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