Sweet Baked Goods Market Report 2024 (Global Edition)

Global Sweet Baked Goods Market Report 2024 Market Size Split by Type (Doughnuts, Muffins, Pastry/Danish/Coffee Cake, Cookies, Brownies, Cakes, Pies, Biscuits), by End User (Kids, Adult, Pregnant Woma...

Sweet Baked Goods Market Report Description

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Competitive Landscape of the Sweet Baked Goods Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Sweet Baked Goods Industry News

May 2021: Mondel?z International, Inc. announced an agreement to acquire Chipita S.A., a high-growth key player in the Central and Eastern European croissants and baked snacks category. 

(Source:https://ir.mondelezinternational.com/news-releases/news-release-details/mondelez-international-acquires-high-growth-european-snacking)

Top Companies Market Share in Sweet Baked Goods Industry: (In no particular order of Rank)

• Ritchie Bros. Auctioneers
• Bidadoo
• Euro Auctions
• Machinery Auctioneers
• Proxibid
• Sandhills Global
• Alex Lyon & Son
• Murphy Auction
• IRAY Companies
• Dakil Auctioneers
• Roller Auctions
• Jeff Martin Auctioneers Inc
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Sweet Baked Goods Market

Which Region will dominate the Sweet Baked Goods Market Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to the region's shifting consumer preferences towards healthier options, leading to increased demand for baked goods with organic, natural, and gluten-free ingredients. Additionally, busy lifestyles and the demand for convenient snacks fuel the growth of on-the-go sweet baked goods. Product innovation, including introducing new flavors and formats and effective marketing strategies, further contributes to the expansion of the market in the region.

Which Region is Expanding at the Fastest CAGR?

Europe is the fastest-growing region due to regional cultural traditions and preferences, emphasizing artisanal and high-quality products. Health-conscious consumer trends have also led to the demand for healthier baked goods options, such as organic, gluten-free, and low-sugar varieties. Moreover, the popularity of sweet baked goods as indulgent treats and snacks remains significant, contributing to sustained market growth and innovation in the region.

The current report Scope analyzes Sweet Baked Goods Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Sweet Baked Goods Market

According to Cognitive Market Research, the global sweet baked goods market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031 due to region's changing consumer preferences towards healthier and premium options, urbanization leading to increased demand for convenient snacks and product innovation to cater to evolving tastes and dietary trends. According to Cognitive Market Research, the market is driven by the popularity of indulgent treats, evolving flavor trends, and the proliferation of specialty bakeries. Additionally, innovations in ingredients and presentation styles contribute to sustained consumer interest and demand. In conclusion, North America's sweet baked goods market is driven by a heightened intake of pastries and the extensive innovation and creativity in the recipes. 

• According to Cognitive Market Research, the US had a major share in the sweet baked goods market, with a market size of USD XX million in 2024, and is projected to grow at a CAGR of 7.0% during the forecast period. The nation's growing consumption of sweet baked goods during festivals, celebrations, and social gatherings.
• The Canadian sweet baked goods market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. The incorporation of healthier ingredients drives Canada's sweet baked goods market.
• The Mexican sweet baked goods market is projected to grow at a CAGR of 7.7% during the forecast period, with a market size of USD XX million in 2024.

Europe Sweet Baked Goods Market

According to Cognitive Market Research, the global sweet baked goods market size was estimated at USD XX Million, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031 due to cultural traditions, where baked goods hold significant importance in daily life and festivities. Additionally, the increasing demand for healthier and artisanal options and growing urbanization fuel market growth and innovation in the region. According to Cognitive Market Research, the market is driven by consumers' increasing preference for convenient, indulgent snacks and a growing demand for healthier options. Flavors, ingredients, and packaging innovations also contribute to market growth and consumer engagement. In conclusion, increasing demand for simple dining has resulted in the utilization of various foods, with baked goods expanding the region's market.

• The United Kingdom's sweet baked goods market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. This is due to the region’s need for cost-effective bakery products.
• The French sweet baked goods market is projected to grow at a CAGR of 6.7% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the size of the sweet baked goods market was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. In Germany, sales of sweet baked goods surged due to the presence of major market players. 
• The Italian sweet baked goods market is projected to grow at a CAGR of 6.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russian sweet baked goods market is projected to grow at a CAGR of 6.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spanish sweet baked goods market is projected to grow at a CAGR of 6.6% during the forecast period, with a market size of USD XX million in 2024.
• The Luxembourg sweet baked goods market is projected to grow at a CAGR of 7.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portuguese sweet baked goods market is projected to grow at a CAGR of 7.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece sweet baked goods market is projected to grow at a CAGR of 7.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's sweet baked goods market is projected to grow at a CAGR of 6.2% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Sweet Baked Goods Market

According to Cognitive Market Research, the global sweet baked goods market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031 due to the rapid urbanization, changing lifestyles, and increasing disposable incomes. Consumers' growing inclination towards convenient indulgence and Western-style desserts fuels the region's demand for various sweet baked goods. According to Cognitive Market Research, the market is driven by the culturally ingrained tradition of consuming sweet treats during pregnancy. Increased demand for nutritious and indulgent options tailored to pregnant women's dietary needs propels market growth in this demographic segment. In conclusion, increasing demand for sustainable and ethically sourced ingredients and packaging will drive the region's sweet baked goods market.

• According to Cognitive Market Research, the size of the Chinese sweet baked goods market was valued at USD XX million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. This is due to the nation's increased spending on premium and specialty baked goods.
• The Japan sweet baked goods market is projected to grow at a CAGR of 9.5% during the forecast period, with a market size of USD XX million in 2024. This is due to the country's expansion of distribution channels, including convenience stores and online platforms.
• The Indian sweet baked goods market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 12.8% during the forecast period. 
• The South Korean sweet baked goods market is projected to grow at a CAGR of 10.1% during the forecast period, with a market size of USD XX million in 2024.
• The Australian sweet baked goods market is projected to grow at a CAGR of 10.7% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia sweet baked goods market is projected to grow at a CAGR of 12.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific sweet baked goods market is projected to grow at a CAGR of 10.8% during the forecast period with a market size of USD XX million in 2024.

South America Sweet Baked Goods Market

According to Cognitive Market Research, the global sweet baked goods market size was estimated at USD XX Million, out of which Latin America market has more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031 due to region's cultural preferences for indulgent treats, rapid urbanization leading to increased demand for convenient snacks, and rising disposable incomes, allowing for greater spending on premium and specialty baked goods. According to Cognitive Market Research, Consumer preferences for freshly baked goods, coupled with the cultural significance of bakeries as community hubs, fuel the demand for sweet baked products in the region, driving market growth. In conclusion, the region's sweet baked goods market is driven by adopting international baking trends and flavors influenced by globalization and cultural exchange.

• According to Cognitive Market Research, the size of the Brazilian sweet baked goods market was valued at USD XX million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. Sweet baked goods flourished in Brazil due to the introduction of new flavors and ingredients.
• The Argentina sweet baked goods market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. Effective marketing strategies and branding efforts to attract and retain customers drive market growth. 
• The Colombia sweet baked goods market is projected to grow at a CAGR of 8.2% during the forecast period, with a market size of USD XX million in 2024.
• The Peru sweet baked goods market is projected to grow at a CAGR of 8.6% during the forecast period, with a market size of USD XX million in 2024.
• The Chile sweet baked goods market is projected to grow at a CAGR of 8.7% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America sweet baked goods market is projected to grow at a CAGR of 7.5% during the forecast period with a market size of USD XX million in 2024.

Middle East and Africa Sweet Baked Goods Market

According to Cognitive Market Research, the global sweet baked goods market size was estimated at USD XX Million, out of which Middle East and Africa held the major market of around 2% of the global revenue with market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031 due to region's growing consumer affinity for western-style pastries and desserts, rapid urbanization leading to increased demand for convenience foods, and rising disposable incomes facilitating greater indulgence in premium baked treats. According to Cognitive Market Research, cultural celebrations, and festivities, where indulgence in traditional and specialty baked treats, play a significant role. Demand surges during events like Eid, Diwali, Christmas, and other cultural celebrations, boosting market growth. In conclusion, the expansion of distribution channels, including convenience stores and online platforms, making sweet baked goods more accessible to consumers drives the region's market.

• According to Cognitive Market Research, the GCC Countries' sweet baked goods market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Sweet Baked Goods sales flourished in the GCC Countries due to the region's shifts in consumer tastes towards indulgent, convenient, and healthier baked goods options.
• The Egyptian sweet baked goods market is projected to grow at a CAGR of 9.0% during the forecast period, with a market size of USD XX million in 2024.
• The South African sweet baked goods market is projected to grow at a CAGR of 9.7% during the forecast period, with a market size of USD XX million in 2024. Sweet baked goods flourished in South Africa due to the region's increased demand for convenient on-the-go snacks.
• The Turkish sweet baked goods market is projected to grow at a CAGR of 8.2% during the forecast period, with a market size of USD XX million in 2024.
• The Nigerian sweet baked goods market is projected to grow at a CAGR of 7.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of MEA sweet baked goods market is projected to grow at a CAGR of 7.7% during the forecast period with a market size of USD XX million in 2024.

 

Sweet Baked Goods Market Analysis

Sweet Baked Goods Market Type Segment Analysis

According to Cognitive Market Research, cakes held the major market share over the forecast period due to their versatility and popularity across various occasions such as birthdays, weddings, and celebrations. Consumer demand for customized cakes, including themed cakes and dietary-specific options like vegan or gluten-free, fuels market growth. Additionally, the rise of online cake-ordering platforms and the trend of extravagant cake designs contribute to the expansion and innovation within the cake segment. 

Cookies are the fastest-growing category over the forecast period due to their versatility, portability, and popularity among consumers of all ages. The demand for cookies is propelled by their convenience as snacks or desserts, evolving flavor profiles, and the ability to cater to various dietary preferences such as gluten-free, vegan, or low-sugar options. Additionally, the widespread availability of cookies across retail channels further boosts their market prominence. 

• Doughnuts
• Muffins
• Pastry/Danish/Coffee Cake
• Cookies
• Brownies
• Cakes
• Pies
• Biscuits

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Sweet Baked Goods Industry. Request a Free Sample PDF!

Sweet Baked Goods Market Application Segment Analysis

According to Cognitive Market Research, kids hold a prominent market share. Parents' desire to provide enjoyable and nutritious snacks for their children fuels the demand for child-friendly baked goods like cookies, cupcakes, and pastries. Marketing efforts targeting kids through colorful packaging, fun shapes, and character tie-ins further drive sales. 

Pregnant woman is the fastest-growing category over the forecast period due to the unique dietary preferences and nutritional needs of pregnant women. Expectant mothers often seek indulgent yet nutritious options to satisfy cravings while ensuring adequate nutrient intake. Manufacturers respond by offering products fortified with essential vitamins and minerals, catering to this specific demographic. 

• Kids
• Adult
• Pregnant Woman
• The Old

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Sweet Baked Goods Distribution Channel Segment Analysis

According to Cognitive Market Research, bakeries hold a prominent market share. Bakeries are pivotal in offering freshly baked goods, creating unique flavors, and providing personalized customer experiences. Additionally, the expansion of bakery chains and artisanal bakeries, along with their focus on quality ingredients and craftsmanship, contributes significantly to the market's growth by satisfying consumer demand for premium and specialty baked goods.

Supermarkets/hypermarkets are the fastest-growing category over the forecast period as they offer a wide variety of baked goods under one roof, providing convenience to consumers. These retail channels also leverage promotional activities and attractive displays to stimulate impulse purchases and boost sales.

• Supermarkets/Hypermarkets
• Convenience Stores
• Bakeries
• Online Retail

Sweet Baked Goods Occasion Segment Analysis

According to Cognitive Market Research, celebration holds a prominent market share due to increasing demand for cakes, pastries, and desserts. Whether it's birthdays, weddings, or holidays, the tradition of indulging in sweet treats during festive occasions boosts sales and drives innovation in the industry. 

Daily consumption is the fastest-growing category over the forecast period due to daily consumption habits, with baked treats like pastries, muffins, and cookies serving as staple snacks or breakfast options for many consumers. Convenience, indulgence, and the desire for a quick energy boost drive the consistent demand for these products, making them an integral part of daily routines worldwide.

• Daily Consumption
• Seasonal
• Celebration
• Gifting

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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