Ready-to-Fill Pastries are Becoming Popular
in Terms of Convenience, Flavour and Low Cost
Global consumption of ready-to-eat
and convenience food products has increased in recent years and this trend
is likely to continue. Ready-to-fill pastries are simple to produce and take
far less time to prepare than traditional pastry baking procedures. This is a
key factor that drives the sales of ready-to-fill pastries. The
convenience, flavour and low cost of ready-to-fill pastries make them a
popular choice among consumers. Other factors that are expected to
influence ready-to-fill pastry over the forecast period include an
increase in the number of working women, the adoption of hectic lifestyles,
changing dietary preferences, the high availability of ready-to-eat foods and
beverages, globalisation and an increase in demand for healthy bakery
products. Growing demand for clean-label products and gluten-free foods is
expected to open up new avenues of opportunity for both established and
emerging ready-to-fill pastry producers. Over the forecast period, the growing
popularity of sustainable lifestyles is anticipated to boost demand for
ready-to-fill pastries. Growing usage of plant-based ingredients in bakery
products, as well as a fundamental shift in consumer eating preferences around
the world, are expected to influence market expansion.
Increased Demand for Ready-to-Eat & Convenience
Food Products Drives the Ready-to-Fill Pastry Market
North America and Europe are
expected to be the most profitable regional markets for ready-to-fill pastries.
Throughout the forecast period, the United States is expected to account for
the majority sales of ready-to-fill pastry in the North American
region. Due to its developed retail infrastructure and high consumer disposable
income, the United States is a highly desirable market for all types of
ready-to-eat and convenience food products. Veganism has developed as a
major trend in European countries and it is expected to have a major
role in boosting ready-to-fill pastry demand in the near future. Factors
influencing market potential in countries such as France, Germany, and the
United Kingdom includes a high demand for clean-label food items and
an increase in the availability of vegan bakery products. The presence of
prominent food and beverage companies in the region provides an attractive
market opportunity for both new and existing ready-to-fill pastry producers. Other
factors that are anticipated to drive ready-to-fill pastry consumption
throughout the forecast period include rising demand for gluten-free items and
an increase in the number of new product launches. Consumer trends,
dietary habits and lifestyle patterns in Asian countries such as
Japan, India and China have seen significant changes in recent years, that
can be attributed entirely to the rapid globalisation of the Asia Pacific
region. Increasing per capita disposable income, investments in retail
infrastructure development and a rising preference for convenience foods
are likely to benefit the ready-to-fill pastry market over the forecast period.
Strict Food Safety Guidelines are Likely to
be a Challenge
Stringent food safety standards
implemented by regulatory agencies may restrict overall market development by
limiting the business potential of small ready-to-fill pastry producers and
suppliers.
Ready-to-Fill Pastry Market Segmentation
The global ready-to-fill pastry
market is segmented on the basis of shape, application, taste, end use and
sales channel.
On the basis of Shape:
·
Flower
·
Cocotte
·
Spoon
·
Cone
·
Others
On the basis of Application:
·
Pies & Pastries
·
Desserts
·
Canapés
·
Snacks
·
Others
On the basis of Taste:
·
Neutral
·
Sweet
·
Flavoured
On the basis of End Use:
·
Household Consumption
·
Hotels, Restaurants, & Catering (HoReCa)
On the basis
of Sales Channel:
·
Direct Sales
·
Supermarkets/Hypermarkets
·
Convenience Stores
·
Online Stores
·
Other Channels
Novel Innovations
and Acquisitions Drive Market Growth
Major ready-to-fill pastry
producers are working on marketing methods to drive sales, as well as
strategies such as mergers, acquisitions and collaborations to strengthen their
market position. Masdeu Group (Especialitats M. Masdeu), a reference in the global
production and commercialization of ready-to-fill bases, acquired the family
business Especialitats Vilà in Jan 2021, that specialises in the creation of
sponge sheets. It broadens its product offering with this acquisition. To
satisfy growing demand and generate revenue, ready-to-fill pastry producers are
developing clean-label gluten-free ready-to-fill pastry. Pidy Gourmet NV
introduced two new tartlets to its ever-expanding range in Feb 2020. The 'Micro
Trendy' a one-bite size base and the 'Trendy Shallow' with a lower rim,
that offers a unique variation on the traditional sweet tartlet.
Some of the well-known companies
that are operating in the global ready-to-fill pastry market are: General
Mills, Inc., Biscuits Bouvard Group (Pidy Gourmet NV), Delifrance S.A., Food
n’Joy (Croc’In), Bells Food Group (Bells Professional Pastry), Royal Smilde and
Dawn Food Products, Inc.
Rising Clean-label Bakery Products and
Consumer Awareness will Drive Up Demand for Ready-to-Fill Pastry
Owing to the high frequency of
chronic diseases and infectious disease outbreaks, there has been a greater
emphasis on health and fitness in recent years. Furthermore, regulatory
agencies and governments are encouraging the consumption of clean-label foods
in order to maintain public health standards. The rising popularity of
dining-out trends, as well as rapid advances in the food service industry are
expected to increase ready-to-fill pastry market potential through direct
sales. Online sales of ready-to-fill pastries are anticipated to develop
steadily over the forecast period as companies aim to boost their sales
potential and revenue generation. Rising consumer awareness and the increasing
availability of clean-label bakery products are also expected to generate
attractive growth opportunities for new ready-to-fill pastry companies over the
forecast period.
The report provides a detailed
overview of the ready-to-fill pastry market insights in regions including North
America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and
Africa. The country-specific assessment for ready-to-fill pastry market has
been offered for all regional market share, along with forecasts, market scope
estimates, price point assessment, and impact analysis of prominent countries
and regions. Throughout this market research report, Y-o-Y growth and CAGR
estimates are also incorporated for every country and region, to provide a
detailed view of the ready-to-fill pastry market. These Y-o-Y projections on
regional and country-level markets brighten the political, economic and
business environment outlook, which are anticipated to have a substantial impact
on the growth of the ready-to-fill pastry market. Some key country and region
included in the ready-to-fill pastry market report as follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy,
U.K., BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN,
India, Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Ready-to-Fill Pastry Market Research
Report Covers In-depth Analysis on:
·
Ready-to-fill pastry market segments
·
Ready-to-fill pastry market dynamics
·
Ready-to-fill pastry market value and share
analysis
·
Recent trends, restraints, opportunities in ready-to-fill
pastry market
·
Companies & competition involved ready-to-fill
pastry market
·
Latest technologies in ready-to-fill pastry
market
·
Supply chain and value chain ready-to-fill
pastry market
·
Ready-to-fill pastry market sales and
distribution strategies
Ready-to-Fill Pastry Market Growth
Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the
industry
·
Current, historical and anticipated market size
in terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Ready-to-fill pastry industry trends and
developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on ready-to-fill pastry
market forecast by countries
·
Essential information to enhance market position
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