Europe's Cakes, Pastries, and Sweet Pies (Bakery and Cereals) market is predicted to reach USD 13.39 billion in 2024 and USD 16.16 billion by 2029, growing at a CAGR of 3.83% during the forecast period.
Pastries are small buns made using whipped cream — a stiff dough enriched with fat. Some dishes, such as pies, are made of a pastry casing that covers or completely contains a filling of various sweet or savory ingredients. A cake is made with flour & often is made with more than one layer and it rises. And it has icing on it. A pie is a baked dish that is usually made of a pastry dough casing that covers or completely contains a filling of various sweet or savory ingredients. Pies are defined by their crusts. The Europe cakes, Pastries, and Sweet Pies (Bakery and Cereals) market is driven by the rising demand, and increase in urbanization leading to higher availability of bakeries. However, health concerns are a major factor restraining market growth. Therefore, to attract the health-conscious populace, the vendors introduced healthier varieties with lesser fat content. Also, the rapid growth in home baking also acts as a restraint on market growth as it reduces the demand for packaged Cakes, Pastries, and Sweet Pies (Bakery and Cereals).
As of 2023, Europe holds the first position in the global market share analysis. The rapid growth in new distribution channels is set to further boost the market growth in Europe.
Betty Crocker, CSM Bakery Solutions, Pinnacle Foods, Wilton Industries, Dawn Food, Real are some of the notable companies in the Europe Cakes, Pastries and Sweet Pies (Bakery and Cereals) market.
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