Cake And Pastries Market Trends, Industry Analysis And Forecast To 2034

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What Does the Cake and Pastries Market Size Overview Tell Us?
The cake and pastries market size has grown strongly in recent years. From $94.64 billion in 2024, it is expected to grow to $101.92 billion in 2025, marking a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to changing consumer lifestyles, celebratory culture, globalization of food culture, marketing and branding strategies, innovation in flavors and designs, and the rise of e-commerce and online bakery shops.
The market is anticipated to witness further growth, reaching $135.39 billion by 2029 at a CAGR of 7.4%. Some of the key drivers for this growth include customization and personalization of baked goods, sustainable and ethical practices, a focus on premium and artisanal offerings, and the rise in specialized dietary products. Some major trends during this forecast period would include digitalization of bakery services, increase in demand for artisanal and handcrafted products, health-conscious baking and ingredient choices, innovative flavor combinations, and emphasis on visual appeal and aesthetics.
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What Are the Key Drivers for the Cake and Pastries Market’s Growth?
Cakes and pastries have seen a surge in demand due to the rising preference for ready-to-eat (RTE) and packaged foods. This trend has given rise to more demand for items such as bread, cakes, pastries, cream rolls, cookies, and biscuits primarily due to their easily available and ready-to-eat characteristics. For instance, the global ready-to-eat (RTE) food market is anticipated to grow at 4.6% CAGR between 2023 and 2028. According to Euromonitor, retail sales in Japan’s packaged food sector amounted to $216.3 billion in 2022.
How is the Cake and Pastries Market Segmented?
1) By Type: Cakes, Frozen Cakes And Pastries, Pastries, Sweet Pies
2) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online Retail, Bakeries, Other Distribution Channels
3) By Application: Food Service, Retail, Other Applications
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Who Are the Major Players in the Cake and Pastries Market?
Major players operating in the cake and pastries market include Finsbury Food Group Plc, Flowers Foods, Grupo Bimbo S.A.B. de C.V, Hostess Brands lnc., McKee Foods Corporation, Yamazaki Baking Company Ltd., Aryzta AG, BreadTalk Group Private Limited, Britannia Industries Limited, Edeka Group, and many more.
What Are the Emerging Trends in the Cake and Pastries Market?
Product innovation is a key trend gaining popularity. For example, US-based baked goods manufacturer, Entenmann’s, launched Entenmann’s Cake Truffles in October 2022 to appeal to all chocolate lovers with their creamy fillings and smooth chocolaty coatings.
Which Region is the Fastest Growing in the Cake and Pastries Market?
In 2024, North America held the highest share in the cake and pastries market, while Asia-Pacific is expected to be the fastest-growing region. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Cake And Pastries Market Report 2025 Offer?
Cake and pastries are baked sweet desserts that are often made with flour, sugar, baking soda or powder, eggs, and liquid flavoring. The Cake And Pastries Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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