Dublin, Sept. 29, 2023 (GLOBE NEWSWIRE) — The “Pastries Market Dimension & Share Evaluation – Progress Developments & Forecasts (2023 – 2028)” report has been added to ResearchAndMarkets.com’s providing.
The worldwide pastries market is on observe for substantial progress, with expectations to broaden from USD 64.07 billion in 2023 to USD 71.86 billion by 2028.
This progress trajectory represents a stable compound annual progress price (CAGR) of two.32% throughout the forecast interval from 2023 to 2028. Key drivers and tendencies are poised to gas this market’s enlargement.
Key Highlights:
- Customizable Pastries: The rising reputation of customizable pastries and steady product innovation are anticipated to drive market progress. Specialty components like whole-grain bread, concentrates, and candy items mixes are in demand, aligning with shopper preferences for wholesome components and on-the-go meals merchandise.
- Indulgent Meals Merchandise: A rising want for indulgent meals merchandise and elevated urbanization have boosted the consumption of ready-to-eat pastries. Shopper curiosity in distinctive flavors, personalized pastries, and health-conscious ingredient substitutes additional propels market progress.
- Wholesome and Free-from Bakery Merchandise: Well being-conscious customers are driving the demand for free-from bakery merchandise that cater to particular dietary wants, reminiscent of gluten-free, kosher, natural, and pure components. Nutrient-rich and clean-label pastries are gaining traction amongst customers, together with these with diabetes.
Market Developments:
- Vitamin and Clear Labels: Customers more and more search pastries with clean-label components, prioritizing healthful, pure, and natural elements. Nutritionally balanced pastries are interesting to customers, particularly those that need to restrict calorie consumption.
- Asia-Pacific Dominance: Asia-Pacific is a big market attributable to rising disposable incomes, urbanization, and a choice for Western-style diets. China, particularly, has develop into one of many largest baked items markets globally, driving pastry gross sales.
- Private Gifting: Private gifting of meals objects, together with bakery merchandise like pastries, is a well-liked development amongst family and friends. Pastries are sometimes loved each day for breakfast, additional contributing to market progress.
- Comfort and On-the-Go: Customers favor bakery merchandise like pastries for his or her comfort and suitability for on-the-go consumption. These components are instrumental within the progress of the bakery merchandise market.
Firms Talked about
- American Baking Firm
- Aryzta AG
- Britannia Industries
- Flowers Meals
- Groupo Bimbo
- Hostess Manufacturers LLC
- McKee Meals Co.
- Tyson Meals
- Europastry Manufacturers
- Finsbury Meals Group PLC
Key Subjects Lined:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s 5 Forces Evaluation
5 MARKET SEGMENTATION
5.1 Taste
5.1.1 Candy
5.1.2 Savory
5.2 Product Kind
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 Comfort/Grocery Shops
5.3.2.3 Specialty Shops
5.3.2.4 On-line Retail Shops
5.3.2.5 Different Distribution Channels
5.4 Geography
6 COMPETITIVE LANDSCAPE
6.1 Methods Adopted by Main Gamers
6.2 Market Share Evaluation
6.3 Firm Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 ABOUT US
For extra details about this report go to https://www.researchandmarkets.com/r/1p31fk
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