Asia Pacific Pastries Market

Asia Pacific Pastries Market - Demand for Healthy Snacks to Boost Growth|
Market Data Forecast
Asia Pacific Pastries Market was worth USD 4.94 billion in 2016 and estimated to be
growing at a CAGR of 4.1%, to reach USD 6.04 billion by 2021. Pastry is a dough of flour,
water, and shortening that may be savoury or sweetened. Sweetened pastries are often
described as bakers' confectionery. The word "pastries" suggests many kinds of baked
products made from ingredients such as flour, sugar, milk, butter, shortening, baking
powder, and eggs.
Pastry is differentiated from bread by having a higher fat content, which contributes to a
flaky or crumbly texture. A good pastry is light and airy and fatty, but firm enough to support
the weight of the filling.
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The growth of the Asia Pacific Pastries Market is mainly driven by the rising demand,
increase in urbanization leading to the 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 pastries.
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Market Segmentation
Packaged Pastries
Artisanal and In-store Bakeries
Distribution Channel
Online Sales
Convenience Stores
The Asia Pacific Pastries market is segmented on the basis of taste, sales and by
distribution channels. On the basis of taste, the market is segmented into sweet and
savoury. On the basis of sales, the market is further categorized into packaged pastries and
artisanal and in-store bakeries. On the basis of the distribution channel, the market is
distributed among online sales, supermarkets/hypermarkets, convenience stores and
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The Asia Pacific region is geographically segmented into China, India, Japan, South Korea,
and Australia. Asia Pacific is predicted to grow at the highest CAGR during the forecast
period. Factors such as growing consumption coupled with the rapid growth in distribution
channels are anticipated to lead the growth of the market in this region.
The major players operating in the Asia Pacific carbonated drinks industry include American
Baking Company, Aryzta, BreadTalk, Britannia, Edeka, Edwards, Edwards Cake & Candy
Supplies, Finsbury, FlowerFoods, George Weston, Groupo Bimbo, Hillshire Brands,
Hostess Brands, McKee Foods,Monginis, Mulino bianco, Pepperidge Farm, Tyson Foods,
Yamazaki Baking.
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Asia Pacific Pastries Market was worth USD 4.94 billion in 2016 and estimated to be growing at a CAGR of 4.1%, to reach USD 6.04 billion by 2021