The global market for pastries, bakery delights, and artisanal gelato is primed for expansion, with a projected CAGR of 2.32% from 2023 to 2028, amounting to a market value of USD 71.86 billion by 2028. This growth is attributed to various factors, including:
- Healthy and Special Dietary Offerings: Health-conscious consumers are driving the demand for bakery products that cater to specific dietary needs. This includes gluten-free, kosher, organic, and natural ingredients. Nutrient-rich and clean-label baked goods, pastries, and gelato are gaining traction among consumers, including those with dietary restrictions.
- Innovative Product Offerings: Introduction of unique flavours, textures, and customised offerings to cater to diverse consumer preferences.
- Growing Café Culture: Increasing demand for on-the-go bakery items and the popularity of gelato in various hospitality establishments.
Key categories include:
- Ingredients and Additives
- Bakery and Pastry Tools
- Gelato and Ice Cream Equipment
- Packaging and Processing Equipment
- Confectionery and Snacks