The ready-to-fill pastry market is experiencing a buzzing growth of more than 6% during the forecast period and several significant companies are investing their time and efforts in the ready-to-fill pastry market under the influence of increased demand for convenient and easily available foods. The trends in the bakery industry also have a noteworthy impact on the northward growth of the ready to fill pastry market. The rising consumer demand for convenient and easy to eat foods is propelling the demand for ready-to-fill pastry in the next decade.
In 2019, the estimated revenue generated in the ready-to-fill pastry market was more than US$ 1 Bn. The demand for ready-to-fill pastry has increased for household consumption in response to the increased consumer inclination towards food products with natural and organic ingredients.
Key Takeaways from the Ready-to-fill Pastry Market Study:
- The demand for ready-to-fill pastry by HoReCa is most likely to suffer due to the increased popularity among the household consumers.
- Ready-to-fill pastry with a sweet taste is likely to generate better revenues in line with the increased need for instant source of energy.
- Flower has been the preferred shape for ready-to-fill pastry, and continues to capture a prominent share in the market over the next few years.
- Certain adverse effects of conventional ingredients used in the production of ready-to-fill pastry has encouraged the prominent players to go about finding new and healthy ingredients for their production.
Fact.MR envisages that the demand for snacks applications of ready-to-fill pastry is expected to increase at a rate of more than 5% through 2029. As compared to the developed regions, the demand for ready-to-fill pastry is expected to observe strong growth in the countries of East and South Asia.
Healthier Options in Ingredients to Gain Traction
Increasing number of health conscious consumers worldwide encourages the key players to opt for healthy and nutritious options in ready to fill pastries. Various consumers are inclined towards adopting vegan lifestyles and are becoming conscious about their food habits, which drives the ready-to-fill pastry market towards product innovation to cater to the demand from vegan consumers. General Mills, one of the prominent players in the ready-to-fill pastry market have included healthy, vegetarian products in its existing portfolio. Targeting vegan consumers has become a popular trend in the global bakery products market, which results in the growth of ready-to-fill pastry market.
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The Trend of Snacking to Create Noteworthy Opportunities
Rising industrialization and urbanization have resulted in a busy and hectic lifestyle. Consumers are living a fast paced life and have initiated new eating habits that are different from the usual three-square meals. The tables are turning in favor of the snacks manufacturers as consumers prefer to eat snacks and light meals when hungry. Several consumers are opting for healthier snacks which contain nutritious and natural ingredients, clean and transparent labels which are beneficial for their health and wellness. The consumers in the ready-to-fill pastry market demand cleaner and natural ingredients in their products, thus boosting the global market in the near future.
Find More Valuable Insights in the Ready-to-fill Pastry Market
Fact.MR, in its new offering, brings to fore an unbiased analysis of the global ready-to-fill pastry market, presenting historical demand data (2014-2018) and forecast statistics for the period, 2019-2029. The study divulges compelling insights on the ready-to-fill pastry market on the basis of shape (flower, cocotte, spoon, cone, and others), application (dessert, canapé, snack, and others), taste (neutral, sweet, and flavored), end use (household consumption, and HoReCa), sales channel (direct sales, supermarkets and hypermarkets, convenience stores, online stores, and other channels) across five major regions.
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About the Food & Beverage Division at Fact.MR
From food ingredients, to finished food products, Fact.MR caters to the requirement of the entire value chain of the food and beverages sector. A team of passionate food and beverages industry analysts track the performance of the existing food and beverages sectors as well as those that have just entered their product life cycle. Having over 1,000 published as well as upcoming reports, Fact.MR boasts of having over 1 million plus data points that are collected from 50+ countries for over a decade. The food and beverages team at Fact.MR has been assisting clients in their business expansion as well as new ventures, through their analysis and recommendations.
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