This comprehensive report forecasts the global cakes and pastries market to grow at a CAGR of 3.76% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: The market is being driven from the in-home consumption of cakes and confectionery foods. The popularity of new television shows focusing on cakes and cupcakes and a shift away from only dessert and special-occasion consumption, combined with more in-home entertaining due to the recession, is supporting growing sales for both in-grocery and independent bakeries.
According to the report, despite the growing health consciousness worldwide, there exists a steady market for premium, indulgent food products cakes and pastries being the prominent ones. Greater indulgence in these food products and the acceptance of on-the-go snacks have contributed to the demand for cakes and pastries. As a result, the sales of chocolate-based cakes had increased by 19% by volume globally between 2007 and 2012.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the strengths and weaknesses of the key vendors?