Global Pastries Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Pastries Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Flavor (Sweet, and Savory), Product Type (Packaged Pastries, and Unpackaged/Artisanal Pastries), Distribution Channel (On-trade, and Off-trade (Supermarkets/Hypermarkets, Convenience/Grocery Stores, Specialty Stores, Online Retail Stores, and Other Distribution Channels), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Pastries Market was valued at USD 65,914.4 million in 2023 and is expected to reach USD 81,572.5 million by 2031 while growing at a CAGR of 2.7% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global pastries market growth. Pastries, made from dough (flour, water, and fat), can be sweet or savory, known for their flaky texture. A global culinary staple, pastries are commonly found in bakeries and desserts.
Increasing continuous innovations in pastry recipes, ingredients, and flavor profiles, coupled with changing consumer lifestyles, drive the growth of the pastries market. However, obstacles like health concerns, obesity awareness, and sustainability and environmental issues may impede market expansion.
Furthermore, the global pastries industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Flavor Analysis
The Global Pastries Market is segmented among Sweet, and Savory, based on Flavor. In 2023, Sweet accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Product Type Analysis
The Global Pastries Market is segmented among Packaged Pastries, and Unpackaged/Artisanal Pastries, based on Product Type. In 2023, Unpackaged/Artisanal Pastries accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Pastries Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are American Baking Company, Aryzta AG, Britannia Industries, Flowers Foods, Groupo Bimbo, Hostess Brands LLC, McKee Foods Co., Tyson Foods, Europastry Brands, and Finsbury Food Group PLC.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Pastries Market Dynamics
Drivers
Restraints
Opportunity
4. Global Pastries Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Pastries Market Segmentation, By Flavor
Global Pastries Market Share Analysis, By Flavor
Global Pastries Market Growth Analysis, By Flavor
Global Pastries Market Trends, By Flavor
o Sweet
o Savory
6. Global Pastries Market Segmentation, By Product Type
Global Pastries Market Share Analysis, By Product Type
Global Pastries Market Growth Analysis, By Product Type
Global Pastries Market Trends, By Product Type
o Packaged Pastries
o Unpackaged/Artisanal Pastries
7. Global Pastries Market Segmentation, By Distribution Channel
Global Pastries Market Share Analysis, By Distribution Channel
Global Pastries Market Growth Analysis, By Distribution Channel
Global Pastries Market Trends, By Distribution Channel
o On-trade
o Off-trade
Ø Supermarkets/Hypermarkets
Ø Convenience/Grocery Stores
Ø Specialty Stores
Ø Online Retail Stores
Ø Other Distribution Channels
8. Global Pastries Market Segmentation, By Region
Global Pastries Market Share Analysis, By Region
Global Pastries Market Growth Analysis, By Region
Global Pastries Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
American Baking Company*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Aryzta AG
Britannia Industries
Flowers Foods
Groupo Bimbo
Hostess Brands LLC
McKee Foods Co.
Tyson Foods
Europastry Brands
Finsbury Food Group PLC
*Similar analysis will be provided for each company listed above.