The global pastries market is witnessing robust growth due to the growing popularity of customizable pastries and the increasing demand for innovative food products.,observesFortune Business Insights™in an upcoming report, titled, “Pastries Market Size, Share and Industry Analysis, By Taste (Sweet, Savoury), By Sales (Packaged Pastries, Artisanal), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail) and Regional Forecast, 2021-2028.”Pastries are made from the dough of flour, water, and shortening that may be sweet or savory in taste.
Fortune Business Insights™ shares the following information:
- Thorough analysis of the market drivers and restraints;
- Meticulous research into the different market segments;
- Detailed study of the regional landscape and competitive dynamics of the market; and
- Comprehensive overview of the future prospects and opportunities in the market.
An Overview of the Impact of COVID-19 on this Market:
The COVID-19 pandemic has negatively affected the food and beverages sector. Prolonged shutdown of hotels and restaurants, which are responsible for huge consumption in the food and beverages space, has taken a toll on the profit margins. Major players in the industry are seeking alternative channels in order to survive the current crisis.
At Fortune Business Insights™, we are providing actionable insights by closely studying multiple, which are based on our expertise and experience in the field of market aspects of the current market scenario. We are offering firsthand information on various market trends through our comprehensive market reports research.
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Our Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- Provide Chapter-wise guidance on Request
- 2020 Updated Regional Analysis with Graphical Representation of Size, Share and Trends
- Includes Updated List of table and figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Highlights of the Report:
While making the report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included Study of core competencies of the key players and their market share to anticipate the degree of competition. Bottom-up procedure was conducted to arrive at the overall size of the market.
Drivers and Restraints-
Increasing Demand for Innovative Baked Products
The various health issues such as high blood pressure and obesity associated with the consumption of high-calorie food products such as pastries are hampering the market growth. The world obesity rate has increased in recent years. According to World Health Organization (WHO), in 2016, more than 1.9 billion adults, were overweight and over 650 million were obese. This has led the consumers to shift towards low calorie and fat-free diet which has negatively affected the global pastries market growth.
North America is expected to witness a significant increase in the demand of pastries. The evolving consumer preferences towards innovative indulgence food products are driving the pastries market. The manufacturers are experimenting with different flavors to formulate new and distinct blends for fillings and toppings due to the consumers evolving taste preference. These factors are propelling the growth of the pastries market in the region.
Europe is projected to witness significant growth in the upcoming years. The demand of consumers in the region for convenience food is rising, especially among the millennials and working population. The existence of various established local bakeries and bakery product manufacturers in the region such as Baker’s Delight and Finsbury Food Group Plc, is driving pastries sales performance in the regions.
- Packaged Pastries
By Distribution Channel
- Convenience Stores
- Specialty Stores
- Online Retail
- North America (U.S., Canada, and Mexico)
- Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East and Africa (South Africa, UAE, and Rest of MEandA)
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List of Pastries Market Manufacturers include:
- Finsbury Food Group Plc
- Flowers Foods
- Grupo Bimbo
- McKee Foods Corporation
- Yamazaki Baking Co. Ltd.
- Hostess Brands, LLC
- ARYZTA Food Solutions
- George Weston Ltd.
- Pepperidge Farm Incorporated.
Pastries Market Report Focus on:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Key Questions Answered:
Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?
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