The consumer’s inclination towards bakery products with functional benefits has led to the incorporation of gluten-free and lactose-free ingredients in pastries. The manufacturers are producing pastries, formulated using rice flour and soy milk or almond milk instead of wheat flour and cow milk. For instance, The Pastry Room, manufactures gluten-free and vegan pastry and desserts across Europe. These factors are fuelling the pastries market growth.
The savory pastries incorporated with plant-based products such as mushrooms is growing popular due to the consumers changing preferences towards vegan products. The demand for pastries with exotic flavors coupled with aesthetic appeal has increased, as the consumers want their food not only to look good but also taste good. These factors have cumulatively fuelled the growth of the global pastries market.
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Top Key Players of Pastries Market:-
- 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.
The constant changes in consumer preference with the emergence of healthy food products and exotic flavors are expected to boost the global Pastries Market growth in the coming years. Also, the increasing adoption of food delivery services, namely, Zomato, Swiggy, and Deliveroo across the globe is one of significant trends that would accelerate growth with time. Apart from that, the introduction of convenient packaging, such as bowl-based food items featuring kale and quinoa is anticipated to propel consumers to look for healthy and quick eating options. Therefore, key players are trying to better understand the lifestyle of their larger consumer bases for keeping up with their changing preferences.
COVID-19: Shutdown of Restaurants & Cafes May Hinder Growth
The outbreak of the COVID-19 pandemic worldwide has taken a toll on the Pastries Industry. Almost every offline food chain, such as cafeterias and restaurants are shut down completely in various countries. But, online food delivery services are still under operation. In addition to this, companies manufacturing packaged food and beverages are exhibiting a high rate of sales because of their possession of certain beneficial properties. These products have long shelf-lives and hence consumers are stocking up their pantries, fearing the lockdown.
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Our skilled team of analysts has developed a specially curated report to help you in understanding the impact of COVID-19 on this market. The report is developed by conducting in-depth primary and secondary research. It includes analysis of various regions and nations, as well as the current trends that are being followed in these regions. Multiple approaches were taken up by our team to derive the market growth rate and value. Also, it presents enhanced data collected through secondary sources, namely, company websites, journals, business magazines, and press releases. The analysis of each nation is given by studying several macro-economic factors, regional players, consumer behavior, and government policies. Our clients would be able to take positive steps towards regaining business confidence by analyzing the Pastries market Share, growth drivers, obstacles, challenges, and opportunities.
By Geography Analysis:-
- 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 & Africa (South Africa, UAE, and Rest of ME&A)
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