Asia Pacific Cakes, Pastries and Sweet Pies (Bakery and Cereals) Market was worth USD XX billion in 2016 and estimated to be growing at a CAGR of XX%, to reach USD XX 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 growth of the Asia-Pacific Cakes, Pastries and Sweet Pies (Bakery and Cereals) Market is mainly driven by the rising demand, increase in urbanization leading to higher availability of bakeries. However, health concerns are a major factor restraining Market 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 Market growth as it reduces the demand for packaged Cakes, Pastries and Sweet Pies (Bakery and Cereals).
- Sweet Pies
The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is predicted to grow with the highest CAGR during the forecast period.
Factors such as growing consumption coupled with the rapid growth in distribution channels are anticipated to lead the growth of the Market in this region.
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The major players operating in the Asia Pacific Cakes, Pastries and Sweet Pies Market include Rich Product, Betty Crocker, CSM Bakery Solutions, Pinnacle Foods, Wilton Industries, Dawn Food, Real Good Food and Lawrence Foods.
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